Shrink Bags for Seafood Products Market Size, Share, and Industry Analysis By Material (Polyamide (PA), Polyethylene (PE), Ethylene Vinyl Alcohol (EVOH), Polypropylene (PP), Polyvinylidene Chloride (PVDC), and Others), By Technology (Vacuum Skin Packaging (VSP), Modified Atmosphere Packaging (MAP), and Thermoformed), By Food Type (Fish, Molluscs, Crustaceans, and Others), and Regional Forecast, 2025-2032

Shrink bags are made of plastic used to protect the packed products from the external environment, such as light, air, and moisture. The growing demand for shrink bags for the packaging of various seafood products, such as fish, molluscs, and others, to preserve their organoleptic properties is contributing to the expansion of the global shrink bags for the seafood products market. The reduction in food waste due to the usage of shrink bags during the transportation and storage of seafood is one of the major driving factors of this market.

• According to data published by the Food and Agricultural Organization of the United Nations, from the year 1990 to 2018, the global fish production has increased by more than 14%, and total food fish consumption has risen by more than 122%. Thus, the increasing production and consumption have augmented the demand for shrink bags for better preservation during storage and transit, surging the market growth.

The ability of the shrink bags to fit tightly to the shape of the packed food helps avoid dehydration and preserve the food quality by extending the shelf life of the products and reducing spoilage. Additionally, the packaging is temper evident and visually appealing as it is transparent, allowing consumers to see the products, enhancing the growth of shrink bags for the seafood products market. Furthermore, the easy printability of the shrink bags allows the manufacturer to provide all the necessary details on the package, such as manufacturing and expiry date, increasing the demand for shrink bags among seafood packaging manufacturers.

Advancements in packaging technologies such as modified atmosphere packaging (MAP) and vacuum packaging may offer better protection than traditional packaging. However, they need high capital investment, which increases the cost of the packaging. Furthermore, the strict rules and regulations imposed by the governing bodies on the use of single plastic and their effective recycling are restricting the growth of global shrink bags for the seafood products market.

The COVID-19 pandemic has had a moderate effect on the global shrink bags for seafood products market as there was continuous demand for highly proteinaceous food with the highest safety due to the contamination from the virus. However, the temporary shutdown of the shrink bags producing units, shortage of raw material and decreasing investments in the market led to the negative growth of the market.

SEGMENTATION

KEY INSIGHTS

The report covers the following key insights:

• Recent Advancements in the Shrink Bags for Seafood Products Market
• Key Industry Trends
• Regulatory Landscape for the Shrink Bags for Seafood Products Market
• Key Industry Developments (Mergers, Acquisitions, and Partnerships)
• Impact of COVID-19 on the Shrink Bags for Seafood Products Market

ANALYSIS BY MATERIAL

Based on material, the market is segmented into polyamide (PA), polyethylene (PE), ethylene vinyl alcohol (EVOH), polypropylene (PP), polyvinylidene chloride (PVDC), and others.

The polyamide segment dominates the global shrink bags for seafood products market. The material has high heat resistance barrier properties that help preserve the product's freshness and help in the weight reduction of the packaging, contributing to the segment's growth.

ANALYSIS BY TECHNOLOGY

Based on technology, the market is segmented into vacuum skin packaging (VSP), modified atmosphere packaging (MAP), and thermoformed.

The vacuum skin packaging segment holds the largest share in the market. With the help of VSP, all the oxygen present inside the packaging can be extracted maintaining the required environment, preventing the bacteria from deteriorating the food, extending the shelf life of the product, and contributing to the segment growth.

ANALYSIS BY FOOD TYPE

Based on food type, the market is segmented into fish, molluscs, crustaceans, and others.

The fish segment dominates the global shrink bags for seafood products market. The consumption of fish helps preserve human health by protecting against major chronic and inflammatory diseases and contains omega-3 fatty acids and vitamins such as D and B2 (riboflavin). Moreover, the easy availability of fish is driving the growth of this segment.

REGIONAL ANALYSIS

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The shrink bags for seafood products market have been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Asia Pacific is dominating the global shrink bags for seafood products market. The growing population and consumption of seafood products, along with the presence of the largest seafood exporters in the region, such as China and Japan, is contributing to the growth of this region.

The North America market is experiencing lucrative growth due to the presence of the key players in the region with the growing consumption of seafood.

The Europe market is experiencing significant growth during the forecast period. The increasing intake of seafood due to its various benefits and the large producers of seafood due to areas with extensive coastlines is enhancing the growth of this region.

Latin America is witnessing significant growth due to the increasing investments of companies in the infrastructure of manufacturing units. Moreover, the cultural influence of seafood on the region is also one of the major factors driving the region's growth. The Middle East & Africa market is growing at a steady rate due to the growing awareness of the benefits of consuming seafood.

KEY PLAYERS COVERED

The report includes the profiles of key players such as Amcor plc, Krehalon B.V., Sealed Air, FLEXOPACK Group, Tipack Group, Tripak Packaging Solutions, Duropac, Allfo, Flexipol, and Nanjing Jinhuigu Industrial Co., Ltd.

KEY INDUSTRY DEVELOPMENTS

• In July 2023, Amcor announced plans to launch a new production line for shrink bags and films. The new line started at the U.K.'s flexible plant that uses a thinner material with a high barrier PBdc-free formulation while maintaining performance, quality, and optical properties.
• In December 2020, Amcor launched recyclable shrink bags for meat, cheese, fish, and other seafood products named Eco-Tite® in Europe. These bags are designed to maintain food safety, maximise shelf-life, minimize food waste, and can be recycled in existing polyethylene (PE) plastic recycling streams.
• In May 2019, Flexipol introduced new Synpac barrier shrink bags to maximize product freshness and extend the shelf life of products. The packaging provides a superior oxygen barrier due to the presence of a multilayer structure incorporating EVOH and excellent shrink properties.