Global Fish Box Market – Industry Trends and Forecast to 2029

Global Fish Box Market, By Material (Expanded Polystyrene (EPS), Polypropylene, Others), Weight (up to 20 lbs, 20 lbs to 40 lbs, above 40 lbs) – Industry Trends and Forecast to 2029.

Market Analysis and Size

Fish suppliers around the world face a challenging task of transporting of fish safely and fresh. The fish boxes are highly recommended and preferred owing to recyclable nature and less occupancy. An increase in demand for specific variety of fish globally is being witnessed due to globalization of local cuisines rising the need of an efficient packaging solution. Smurfit Kappa, DS Smith and Stora Enso are the some major players operating in this market.

• Global fish box market was valued at USD 470.25 million in 2021 and is expected to reach USD 668.74 million by 2029, registering a CAGR of 4.5% during the forecast period of 2022-2029. Expanded polystyrene (EPS) is expected to witness high growth owing to the high demand from the food and beverage packaging. The fish box market report also covers pricing analysis, patent analysis, and technological advancements in depth.    

Market Definition

The fish box refers to a sustainable solution from the packaging sector processed fish and raw fish processors. The use of innovative packaging formats and designs have been necessitated due to the expansion of global trade. The sustainable packaging solution ensures higher shelf life of perishable food items, including fish and fish products.

Fish Box Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

• Globalization of Local Cuisines

The increase in demand for specific variety of fish across the globe owing to the globalization of local cuisines acts as one of the major factor driving the growth of fish box market. The transportation of these fishes need an efficient packaging solution.

• High Consumption of Fish

The surge in the number of fish-consuming population over the past few years accelerate the market growth. The fish boxes are considered reliable packaging option as they cater the demand for this specific consumer base.

• Expansion in the Aquaculture Industry

The rapid expansion in the aquaculture industry, along with the increase in the export and import of fish further influence the market.

Additionally, urbanization and industrialization, expansion of food and beverage sector, advancements in packaging technology, surge in investments and increase in the demand for innovative and convenient packaging positively affect the fish box market.

• Increase in Eco-Friendly Packaging Solutions Demand

The rise in the preference towards eco-friendly packaging solutions because of the growing environmental concerns extend profitable opportunities to the market players in the forecast period of 2022 to 2029.

• Increased number of regulations to limit the scope of growth in the long run

Rising enforcement of stringent environmental regulations imposed on the industries regarding the packaging waste generated will create hindrances for the growth of the fish box market. Also, stringent regulations on product approvals will narrow down the scope of growth for the fish box market.

• Supply chain disruptions will pose a threat to the unprecedentedly growing market demand

With the rise in number of restrictions around the globe due to pandemic, there has been a hit in the demand and supply of packaging solutions. Also, fluctuations in the prices of raw materials will prove to be a demerit for the fish box market.

This fish box market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the fish box market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Post COVID-19 Impact on Fish Box Market

The outbreak of coronavirus has critically impacted the fish box market. A decline in demand was witnessed to the extreme level owing to the lockdown creating hurdles for the key players operating in the field. As a result, the materials and packaging industry had to bear financial losses, therefore negatively impacting the fish box market.

On the brighter side, major players are recuperating their positions through capacity utilizations, production expansion and online selling in in the post-pandemic scenario. The manufacturers are focusing on developing better products, keeping in mind the new market trends to fulfil consumer requirements in the post-pandemic phase. New technological advancements will further help to excel the availability of fish box in the developing and emerging markets post pandemic.

Recent Development

• DS Smith launched an antimicrobial and virus resistant packaging solution in 2020, for providing safety to the consumers. The company partnered with Touchguard for the development of the new range of bacteria and virus-safeguarded sustainable cardboard packaging across Europe and North America.

Global Fish Box Market Scope

The fish box market is segmented on the basis of material and weight. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Material

• Expanded polystyrene (EPS)
• Polypropylene
• Others

On the basis of material, the fish box market is segmented into expanded polystyrene (EPS), polypropylene and others.

Weight

• Up to 20 lbs
• 20 lbs to 40 lbs
• Above 40 lbs

On the basis of weight, the fish box market is segmented into up to 20 lbs, 20 lbs to 40 lbs and above 40 lbs.

Fish Box Market Regional Analysis/Insights

The fish box market is analysed and market size insights and trends are provided by country, material and weight as referenced above.

The countries covered in the fish box market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe dominates the fish box market because of the presence of large number of fish box manufacturing companies within the region.

Asia-Pacific is expected to witness high growth during the forecast period of 2022 to 2029 owing to the high investment capabilities due to high consumption of the fish and fish products in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Fish Box Market Share Analysis

The fish box market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to fish box market.

Some of the major players operating in the fish box market are BASF SE (US), Craemer GmbH (Germany), CRT Packaging. (UK), PPS Midlands Limited (UK), Sekisui Kasei Co., Ltd. (Japan), Smurfit Kappa (Ireland), Snyder Industries (Nebraska), OCEAN ROTO MOULDING SDN. BHD. (Malaysia), Tri-Core Plastics Containers Ltd. (Canada), Amcor plc (Switzerland), Sealpac International bv, DS Smith (UK), WINPAK LTD., (Canada), and Graham Packaging Company (US), among others.