The Frozen Seafood Packaging Market Size was valued at USD 16.23 billion in 2023 and is projected to reach USD 26.06 billion by 2031 and grow at a CAGR of 6.1% over the forecast periods 2024 -2031.
The frozen seafood packaging market is flourishing due to a confluence of factors. Growing consumer recognition of the nutritional value of frozen options, particularly fruits and vegetables, and the development of innovative packaging solutions catering to various product sizes and types are driving demand.
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Market growth is further propelled by the expansion of organized retail chains like Walmart over 11,000 stores and Amazon aiming for 3,000 cashier-less stores. This trend aligns with consumer preferences for convenient shopping at large retailers and supermarkets. Notably, a study in the British Food Journal suggests that frozen food adoption can even contribute to environmental benefits by reducing household food waste by 47%.
Frozen food packaging advancements are revolutionizing the industry by improving consumer experience. Manufacturers are constantly innovating with materials, technologies, and designs. This includes improved films and laminates for better insulation, vacuum sealing and MAP for extended shelf life, and microwave/oven-safe options for added convenience. These advancements, along with a growing awareness of water-related diseases and the constant innovation in frozen seafood packaging itself, are expected to drive market growth.
MARKET DYNAMICS
KEY DRIVERS:
The increasing popularity of frozen seafood has a direct impact on the growth of the frozen seafood packaging market.
Frozen seafood's extended shelf life is a significant advantage for both convenience and quality. Consumers seeking flexibility in their meals can enjoy fresh-tasting seafood any time of year, regardless of seasonal limitations. Advancements in freezing and packaging technology ensure frozen seafood retains its taste, texture, and nutritional value. This quality assurance builds trust with health-conscious consumers who appreciate frozen seafood's health benefits and culinary versatility.
Frozen seafood can be a cost-effective option, offering savings for budget-conscious consumers.
RESTRAINTS:
Ensuring frozen seafood remains frozen throughout the supply chain can be a challenge.
Transporting and distributing frozen seafood requires maintaining a consistent cold chain, a complex task where even minor temperature fluctuations can compromise quality and safety. This necessitates uninterrupted temperature control from processing plants all the way to consumers' freezers. Fluctuations in ambient temperatures during transport are a constant threat, and inadequate cold storage infrastructure, particularly in remote areas, can further hinder efficient distribution.
The lack of readily available refrigerated storage facilities throughout the supply chain presents a challenge for the frozen seafood industry.
OPPORTUNITY:
Advancements in frozen seafood packaging solutions can create a significant opportunity for the market.
Frozen seafood packaging advancements target a three-way approach of benefits that are quality, convenience, and sustainability. Modified Atmosphere Packaging creates a controlled environment within the package, slowing down microbial growth and extending shelf life. Vacuum sealing removes air to prevent oxidation and freezer burn, locking in freshness. Active packaging takes it a step further by incorporating oxygen absorbent and antimicrobial agents to actively fight spoilage and enhance freshness.
Eco-friendly packaging options like biodegradable and recycled materials minimize environmental impact and embrace a circular economy approach.
CHALLENGES:
Loss of product due to improper temperature control or damage during transport is a major concern.
Expensive packaging solutions might not be feasible for all players.
Finding the right balance between cost-effective packaging solutions and sustainable practices is a major hurdle. While innovative packaging materials and technologies can improve temperature control and product integrity, these advancements often come at a premium. The challenge lies in optimizing packaging designs to leverage cost-effective and eco-friendly materials without sacrificing quality.
IMPACT OF RUSSIA UKRAINE WAR
While some Russian producers initially enjoyed relaxed sanctions and increased exports to certain regions like South Korea, overall trade has been negatively affected. European and American markets have seen a surge in Korean fish imports, likely due to a shift away from Russian seafood. Packaging companies are also experiencing difficulties, with Mondi, a major player, monitoring the situation as its Russian operations remain active despite a suspended plant in Ukraine. The ongoing conflict and supply chain issues have even led to industry event rescheduling. Overall, the war's impact on the frozen seafood packaging market is multifaceted, creating uncertainty and potentially leading to market reshuffling as trade patterns adjust.
IMPACT OF ECONOMIC SLOWDOWN
While an economic slowdown might lead consumers to prioritize essential goods over fresh seafood, the impact on frozen seafood packaging could be mitigated. Even though all seafood categories have experienced inflation, frozen options saw the smallest price increase at 10.1%. This relative affordability might position frozen seafood as a more attractive alternative for budget-conscious consumers during an economic downturn. As a result, the demand for frozen seafood packaging could potentially remain stable or even see a slight increase as consumers shift their purchasing habits.
KEY MARKET SEGMENTS
By Type
Flexible Packaging
Rigid Packaging
Flexible packaging dominates the frozen seafood market, capturing a commanding 60% of market revenue. This dominance is due to its versatility. Manufacturers utilize a wide range of flexible packaging materials to create options perfect for seafood delivery. These pouches often feature convenient steam valves, allowing consumers to easily cook frozen meals without needing additional cookware. Additionally, manufacturers are responding to environmental concerns by developing eco-friendly pouches suitable for direct microwave cooking, further enhancing the appeal of flexible packaging for frozen seafood.
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By Application
Frozen Fish
Frozen Shrimp
Frozen Shellfish
Others
Frozen fish leads the frozen seafood packaging market, holding a 56% share. This dominance is driven by several factors such as global popularity of fish consumption, a health-conscious consumer base seeking chemical-free options with long shelf lives, and the growth of both industrial fishing and fish farming, which ensure consistent supply.
REGIONAL ANALYSIS
North America is predicted to dominate with share of 37% in the frozen seafood packaging market. This is driven by two factors like a strong consumer appetite for seafood and advancements in packaging technology. With high fish consumption rates and rising seafood exports, the demand for frozen packaging solutions is booming. Plastic flexible bags and trays with over wraps are the current go-to options for transporting frozen seafood within this region.
Europe follows North America in frozen seafood packaging market share, driven by a growing taste for fish, particularly for its heart-healthy benefits. This trend is fueling demand for sustainable packaging options for frozen fish, especially in eco-conscious markets like Germany, France, and the UK. Notably, Europe's frozen fish imports are on the rise, with the average price reaching $5,069 per ton. Germany leads the European market share, while the UK is experiencing the fastest growth. The Asia-Pacific region is projected to witness the fastest growth in frozen seafood packaging. This surge is driven by a rising preference for frozen food over traditional home-cooked meals, particularly as more women enter the workforce. The booming popularity of fast-food chains across the region further fuels demand for frozen seafood options. With China leading the market share and India experiencing the fastest growth, the increasing economic strength of these Asian nations presents a significant opportunity for the frozen seafood packaging market. 
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Key players
Some the major players in Frozen Seafood Packaging Market are Crown Holdings, Amcor, Berry Group, DuPont, Genpak, LINPAC, Mondi Group, Sealed Air, Ardagh Group, DS Smith, Bemis, Sonoco Products Company, ProAmpac LLC, Cascades Inc., American Packaging Corporation And Others Players.
Crown Holdings-Company Financial Analysis
RECENT DEVELOPMENT
SABIC, Estiko, and Coldwater Prawns of Norway launched new sustainable packaging for frozen food, featuring 60% recycled ocean plastic in May 10, 2023.
In February 2021, ProAmpac launched the ProActive Recyclable R-2000F, a sustainable alternative for frozen food packaging. This recyclable option offers excellent heat resistance and durability, replacing traditional non-recyclable materials
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 16.23 Bn |
| Market Size by 2031 | US$ 26.06 Bn |
| CAGR | CAGR of 6.1% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Flexible Packaging, Rigid Packaging) • By Application ( Frozen Fish, Frozen Shrimp, Frozen Shellfish, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Crown Holdings, Amcor, Berry Group, DuPont, Genpak, LINPAC, Mondi Group, Sealed Air, Ardagh Group, DS Smith, Bemis, Sonoco Products Company, ProAmpac LLC, Cascades Inc., American Packaging Corporation |
| Key Drivers | • The increasing popularity of frozen seafood has a direct impact on the growth of the frozen seafood packaging market. • Frozen seafood can be a cost-effective option, offering savings for budget-conscious consumers. |
| Key Restraints | • Ensuring frozen seafood remains frozen throughout the supply chain can be a challenge. • The lack of readily available refrigerated storage facilities throughout the supply chain presents a challenge for the frozen seafood industry. |
Ans: The Frozen Seafood Packaging Market is expected to grow at a CAGR of 6.1%.
Ans: Frozen Seafood Packaging Market size was USD 16.23 billion in 2023 and is expected to Reach USD 26.06 billion by 2031.
Ans: The increasing popularity of frozen seafood has a direct impact on the growth of the frozen seafood packaging market.
Ans: Ensuring frozen seafood remains frozen throughout the supply chain can be a challenge.
Ans: North America dominating in the Frozen Seafood Packaging Market with market share of 37%.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact Of Russia Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Frozen Seafood Packaging Market Segmentation, By Type
9.1 Introduction
9.2 Trend Analysis
9.3 Flexible Packaging
9.4 Rigid Packaging
10. Frozen Seafood Packaging Market Segmentation, By Application
10.1 Introduction
10.2 Trend Analysis
10.3 Frozen Fish
10.4 Frozen Shrimp
10.5 Frozen Shellfish
10.6 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 Trend Analysis
11.2.2 North America Frozen Seafood Packaging Market by Country
11.2.3 North America Frozen Seafood Packaging Market By Type
11.2.4 North America Frozen Seafood Packaging Market By Application
11.2.5 USA
11.2.5.1 USA Frozen Seafood Packaging Market By Type
11.2.5.2 USA Frozen Seafood Packaging Market By Application
11.2.6 Canada
11.2.6.1 Canada Frozen Seafood Packaging Market By Type
11.2.6.2 Canada Frozen Seafood Packaging Market By Application
11.2.7 Mexico
11.2.7.1 Mexico Frozen Seafood Packaging Market By Type
11.2.7.2 Mexico Frozen Seafood Packaging Market By Application
11.3 Europe
11.3.1 Trend Analysis
11.3.2 Eastern Europe
11.3.2.1 Eastern Europe Frozen Seafood Packaging Market by Country
11.3.2.2 Eastern Europe Frozen Seafood Packaging Market By Type
11.3.2.3 Eastern Europe Frozen Seafood Packaging Market By Application
11.3.2.4 Poland
11.3.2.4.1 Poland Frozen Seafood Packaging Market By Type
11.3.2.4.2 Poland Frozen Seafood Packaging Market By Application
11.3.2.5 Romania
11.3.2.5.1 Romania Frozen Seafood Packaging Market By Type
11.3.2.5.2 Romania Frozen Seafood Packaging Market By Application
11.3.2.6 Hungary
11.3.2.6.1 Hungary Frozen Seafood Packaging Market By Type
11.3.2.6.2 Hungary Frozen Seafood Packaging Market By Application
11.3.2.7 Turkey
11.3.2.7.1 Turkey Frozen Seafood Packaging Market By Type
11.3.2.7.2 Turkey Frozen Seafood Packaging Market By Application
11.3.2.8 Rest of Eastern Europe
11.3.2.8.1 Rest of Eastern Europe Frozen Seafood Packaging Market By Type
11.3.2.8.2 Rest of Eastern Europe Frozen Seafood Packaging Market By Application
11.3.3 Western Europe
11.3.3.1 Western Europe Frozen Seafood Packaging Market by Country
11.3.3.2 Western Europe Frozen Seafood Packaging Market By Type
11.3.3.3 Western Europe Frozen Seafood Packaging Market By Application
11.3.3.4 Germany
11.3.3.4.1 Germany Frozen Seafood Packaging Market By Type
11.3.3.4.2 Germany Frozen Seafood Packaging Market By Application
11.3.3.5 France
11.3.3.5.1 France Frozen Seafood Packaging Market By Type
11.3.3.5.2 France Frozen Seafood Packaging Market By Application
11.3.3.6 UK
11.3.3.6.1 UK Frozen Seafood Packaging Market By Type
11.3.3.6.2 UK Frozen Seafood Packaging Market By Application
11.3.3.7 Italy
11.3.3.7.1 Italy Frozen Seafood Packaging Market By Type
11.3.3.7.2 Italy Frozen Seafood Packaging Market By Application
11.3.3.8 Spain
11.3.3.8.1 Spain Frozen Seafood Packaging Market By Type
11.3.3.8.2 Spain Frozen Seafood Packaging Market By Application
11.3.3.9 Netherlands
11.3.3.9.1 Netherlands Frozen Seafood Packaging Market By Type
11.3.3.9.2 Netherlands Frozen Seafood Packaging Market By Application
11.3.3.10 Switzerland
11.3.3.10.1 Switzerland Frozen Seafood Packaging Market By Type
11.3.3.10.2 Switzerland Frozen Seafood Packaging Market By Application
11.3.3.11 Austria
11.3.3.11.1 Austria Frozen Seafood Packaging Market By Type
11.3.3.11.2 Austria Frozen Seafood Packaging Market By Application
11.3.3.12 Rest of Western Europe
11.3.3.12.1 Rest of Western Europe Frozen Seafood Packaging Market By Type
11.3.2.12.2 Rest of Western Europe Frozen Seafood Packaging Market By Application
11.4 Asia-Pacific
11.4.1 Trend Analysis
11.4.2 Asia Pacific Frozen Seafood Packaging Market by Country
11.4.3 Asia Pacific Frozen Seafood Packaging Market By Type
11.4.4 Asia Pacific Frozen Seafood Packaging Market By Application
11.4.5 China
11.4.5.1 China Frozen Seafood Packaging Market By Type
11.4.5.2 China Frozen Seafood Packaging Market By Application
11.4.6 India
11.4.6.1 India Frozen Seafood Packaging Market By Type
11.4.6.2 India Frozen Seafood Packaging Market By Application
11.4.7 Japan
11.4.7.1 Japan Frozen Seafood Packaging Market By Type
11.4.7.2 Japan Frozen Seafood Packaging Market By Application
11.4.8 South Korea
11.4.8.1 South Korea Frozen Seafood Packaging Market By Type
11.4.8.2 South Korea Frozen Seafood Packaging Market By Application
11.4.9 Vietnam
11.4.9.1 Vietnam Frozen Seafood Packaging Market By Type
11.4.9.2 Vietnam Frozen Seafood Packaging Market By Application
11.4.10 Singapore
11.4.10.1 Singapore Frozen Seafood Packaging Market By Type
11.4.10.2 Singapore Frozen Seafood Packaging Market By Application
11.4.11 Australia
11.4.11.1 Australia Frozen Seafood Packaging Market By Type
11.4.11.2 Australia Frozen Seafood Packaging Market By Application
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Frozen Seafood Packaging Market By Type
11.4.12.2 Rest of Asia-Pacific Frozen Seafood Packaging Market By Application
11.5 Middle East & Africa
11.5.1 Trend Analysis
11.5.2 Middle East
11.5.2.1 Middle East Frozen Seafood Packaging Market by Country
11.5.2.2 Middle East Frozen Seafood Packaging Market By Type
11.5.2.3 Middle East Frozen Seafood Packaging Market By Application
11.5.2.4 UAE
11.5.2.4.1 UAE Frozen Seafood Packaging Market By Type
11.5.2.4.2 UAE Frozen Seafood Packaging Market By Application
11.5.2.5 Egypt
11.5.2.5.1 Egypt Frozen Seafood Packaging Market By Type
11.5.2.5.2 Egypt Frozen Seafood Packaging Market By Application
11.5.2.6 Saudi Arabia
11.5.2.6.1 Saudi Arabia Frozen Seafood Packaging Market By Type
11.5.2.6.2 Saudi Arabia Frozen Seafood Packaging Market By Application
11.5.2.7 Qatar
11.5.2.7.1 Qatar Frozen Seafood Packaging Market By Type
11.5.2.7.2 Qatar Frozen Seafood Packaging Market By Application
11.5.2.8 Rest of Middle East
11.5.2.8.1 Rest of Middle East Frozen Seafood Packaging Market By Type
11.5.2.8.2 Rest of Middle East Frozen Seafood Packaging Market By Application
11.5.3 Africa
11.5.3.1 Africa Frozen Seafood Packaging Market by Country
11.5.3.2 Africa Frozen Seafood Packaging Market By Type
11.5.3.3 Africa Frozen Seafood Packaging Market By Application
11.5.2.4 Nigeria
11.5.2.4.1 Nigeria Frozen Seafood Packaging Market By Type
11.5.2.4.2 Nigeria Frozen Seafood Packaging Market By Application
11.5.2.5 South Africa
11.5.2.5.1 South Africa Frozen Seafood Packaging Market By Type
11.5.2.5.2 South Africa Frozen Seafood Packaging Market By Application
11.5.2.6 Rest of Africa
11.5.2.6.1 Rest of Africa Frozen Seafood Packaging Market By Type
11.5.2.6.2 Rest of Africa Frozen Seafood Packaging Market By Application
11.6 Latin America
11.6.1 Trend Analysis
11.6.2 Latin America Frozen Seafood Packaging Market by Country
11.6.3 Latin America Frozen Seafood Packaging Market By Type
11.6.4 Latin America Frozen Seafood Packaging Market By Application
11.6.5 Brazil
11.6.5.1 Brazil Frozen Seafood Packaging Market By Type
11.6.5.2 Brazil Frozen Seafood Packaging Market By Application
11.6.6 Argentina
11.6.6.1 Argentina Frozen Seafood Packaging Market By Type
11.6.6.2 Argentina Frozen Seafood Packaging Market By Application
11.6.7 Colombia
11.6.7.1 Colombia Frozen Seafood Packaging Market By Type
11.6.7.2 Colombia Frozen Seafood Packaging Market By Application
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Frozen Seafood Packaging Market By Type
11.6.8.2 Rest of Latin America Frozen Seafood Packaging Market By Application
12. Company Profiles
12.1 Crown Holdings
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Amcor
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Berry Group
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 DuPont
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Genpak
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 LINPAC
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Mondi Group
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Sealed Air
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Ardagh Group
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 DS Smith
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 Bemis
12.11.1 Company Overview
12.11.2 Financial
12.11.3 Products/ Services Offered
12.11.4 SWOT Analysis
12.11.5 The SNS View
12.12 Sonoco Products Company
12.12.1 Company Overview
12.12.2 Financial
12.12.3 Products/ Services Offered
12.12.4 SWOT Analysis
12.12.5 The SNS View
12.13 ProAmpac LLC
12.13.1 Company Overview
12.13.2 Financial
12.13.3 Products/ Services Offered
12.13.4 SWOT Analysis
12.13.5 The SNS View
12.14 Cascades Inc.
12.14.1 Company Overview
12.14.2 Financial
12.14.3 Products/ Services Offered
12.14.4 SWOT Analysis
12.14.5 The SNS View
12.15 American Packaging Corporation
12.15.1 Company Overview
12.15.2 Financial
12.15.3 Products/ Services Offered
12.15.4 SWOT Analysis
12.15.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. USE Cases And Best Practices
15. Conclusion
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