The global fish box market is anticipated to grow at a considerable CAGR of 6.7% during the forecast period (2022-2028). A fish box is a storage solution for people to keep the fish fresh for a long time. It can handle a large amount of fish and is offered in several types including cooled & non-cooled boxes. The major factor attributing to the growth of the global fish box market includes the increasing fishing industry across the globe. According to the report published by the Food and Agriculture Organization (FOA) in 2020, fish production across the globe reached 179 tonnes in 2018. Among these, the countries including China, Indonesia, Peru, India, Russia, the US, and Vietnam are the major fish-producing countries around the globe accounting for around 50% of total fish production across the globe. Thus, increasing the demand for fish boxes.
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The application of fish boxes is also increasing for the storage of fish due to various benefits offered by fish boxes. These benefits include less ice required to keep fish fresh, keeping fish fresh for a long time, fresher fish getting a better price in the market, and many others. Thus, contributing to the growth of the global fish box market.
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The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instances-
- In November 2020, Cold Chain Technologies Inc. expanded the production of reusable and single-use thermal boxes that is able to keep things fresh by opening a new production facility in Lebanon, Tennessee.
- In August 2019, Sonoco ThermoSafe, a global provider of temperature-controlled packaging solutions started manufacturing new passive temperature-controlled boxes under the brand name Pegasus ULD. Pegasus ULD was the first passive temperature-controlled container that are provided at a very low cost.
- In July 2020, Amcor plc, a packaging solution provider operating globally launched “SkinNova”. SkinNova is a seafood packaging solution containing 70% less plastic. This will benefit by cutting carbon footprints by 45%.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Material
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- BASF SE, Craemer GmbH, CRT Packaging, PPS Midlands Ltd., and Ocean Roto Moulding Sdn Bhd, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Fish Box Market Report by Segment
By Material
- Expanded Polystyrene (EPS)
- Polypropylene
- Others
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