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Fresh Seafood Packaging Market Business Revenue, Future Scope, Market Trends, Key Players and Forecast to 2023

Summary

Global Fresh Seafood Packaging Market Information: by Material (Flexible & Rigid Plastic, Paper & Paperboard, Metal, Glass, Others), End-Use (Meat Products, Fruits, Vegetables, Dairy Products, Others), Region – Forecast till 2023

Fresh Seafood Packaging Market Overview

The demand for fresh produce is estimated to rise in the coming years contributing to the development of the Fresh Seafood Packaging Market 2020. The packaging and transport industry reports are produced by Market Research Future, which highlights market options for expansion. The market is predicted to gain the highest CAGR in the forecast period.

The inclination towards the consumption of fresh produce is estimated to increase the reliance on the Fresh Seafood Packaging Market. Moreover, the trend of supporting local producers and organic produce is estimated to positively enhance the Fresh Seafood Packaging Market in the upcoming period.

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Key Players

The crucial contenders in the Fresh Seafood Packaging Market are   Amcor Limited (Australia), Smurfit Kappa Group (Ireland), Bemis Company, Inc. (U.S.), Coveris Holdings S.A (U.S.), D.S. Smith Plc. (U.K), Mondi Plc. (South Africa), Silgan Holdings Inc. (U.S.), International Paper Company (U.S.), E. I. du Pont de Nemours and Company (U.S.), and RockTenn Company (U.S.) to name a few.

Segmental Analysis

The segmentation of the Fresh Seafood Packaging Market is conducted based on material, end-use, and regions. On the basis of material, the Fresh Seafood Packaging Market comprises of paper & paperboard, flexible & rigid plastic, glass, metal, and others. Based on the end-use, the Fresh Seafood Packaging Market is segmented into fruits, vegetables, dairy products, meat products, and others. Based on the regions, the Fresh Seafood Packaging Market is segmented into APAC, North America, the Middle East, Europe, & Africa.

Detailed Regional Analysis 

The regional review of the Fresh Seafood Packaging Market is segmented into APAC, North America, the Middle East, Europe, & Africa. The Asia Pacific regional market is likely to be the most lucrative Fresh Seafood Packaging Market around the globe due to the growing export of fruits and vegetables from countries like China and India. With mounting understanding concerning global warming and issues related to the environment, the appearance of eco-friendly packaging technologies, that are reasonably priced and produced from recycled material and eco-friendly techniques of fresh food packaging are driving the market towards development.

Competitive Analysis

The improvement in research and development facilities and equipment is further projected to influence the growth of the market in the forecast period. The need to prepare for contingencies such as natural disasters, pandemics, and international trade wars is expected to allow the market a better capability to deal with the challenges. The scope of development of the market shows a high growth potential that the market can achieve in the coming years. The strategic allocation and positioning of assets are expected to aid each competitor in the mart with their growth goals. The inducement of definite regulations introduced by the governments of several countries is estimated to enhance the profits that can be gained by the market. The availability of suitable means to build robust distribution channels is estimated to characterize the future expansion of the market in the forecast period. The stability of the economic state is expected to further lend to the favorable development in the global market strength.

Industry Updates:

Mar 2020 Aptar Food and Beverage, a US-based company and a branch of AptarGroup, has presented an anti-pathogenic packaging product to shield fresh-cut produce. InvisiShield platform can be included in sealed packages to put off the increase of fungi, bacteria, or viruses on the food product, as well as lessen contamination possibility.

Mar 2020 Sufresca, an Israel-based, has created edible coatings that eliminate fresh produce plastic packaging and diminish food loss and waste. The custom-made edible formulations arrive with simply implemented application technique and preserve the appearance and taste like as if just harvested.

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