Latest News- Fish Box Market: Terminal is expected to lead the Application segment during 2024-2028

The Fish Box Market is being driven by Increasing consumption of fish and fish products

The Fish Box Market is expected to grow at a CAGR of 7.33% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 645.9 million. In the Fish Box Market, there is a growing preference for lighter weight packaging solutions among consumers, wholesalers, and merchants. This trend is driven by the use of components such as fiber and Expanded Polystyrene (EPS) in packaging, which consist of nearly 35% less plastic than traditional packaging materials. These lightweight components further reduce the overall weight of packaged products by over 40%. The benefits of this lightweight packaging extend beyond transportation efficiency, as it also increases product demand due to its convenience and environmental sustainability. Notably, EPS and fiber components contain over 80% air, making them exceptionally lightweight and easy to handle during transportation. Thus, the adoption of these materials in the construction of fish boxes is a strategic move to cater to the evolving market demands. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Terminal
  • Supermarket
• Material
  • Expanded polystyrene
  • Polypropylene
  • Others
• Geography
  • APAC
    • China
    • India
    • Indonesia
  • Europe
    • Spain
  • North America
    • US
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing consumption of fish and fish products
• Technological advancements in the fish box market
• Increasing compliance with government regulations and standards

However, the market also witnesses some limitations, which are as follows:

• Increasing price of polymers
• Increasing regulations for plastic packaging
• Increasing regulations in the seafood industry

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Market Scope in Fish Box Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

Title: Fish Box Market: Fresh Fish Storage Solutions for Transportation and Handling The Fish Box Market caters to the unique needs of raw fish processors in the packaging sector, offering fresh fish storage solutions for transportation and handling. These boxes, also known as fish containers or insulated tubs, ensure the longevity and integrity of fresh fish during transit. Key factors driving the Fish Box Market include stackability, size and capacity, hygiene and cleaning, and durability. Fish boxes come in various materials such as fabric-lined containers, stainless steel, fiberglass, high-density polyethylene, and expanded polystyrene. Fabric-lined containers and insulated tubs are popular choices due to their excellent insulation properties, maintaining the fish's temperature and freshness. Stainless steel and fiberglass boxes offer durability, while plastic pallets facilitate easy transportation. During monsoons or harsh weather conditions, fish boxes play a crucial role in maintaining fish hygiene and preventing spoilage. The market leaders, like Allwin Roto Plast, provide high-quality fish boxes that meet the specific requirements of the industry. In conclusion, the Fish Box Market is a vital component of the packaging sector, ensuring the safe and efficient transportation and handling of fresh fish, ultimately contributing to the overall success of the raw fish processing industry.

Market Research Overview

The Fish Box Market exhibits a fragmented landscape, with a complex supply chain consisting of various tiers. This encompasses the procurement of raw materials from suppliers, encompassing metal providers of steel, aluminum, and tin for metal containers; borosilicate, neutral glass, soda-lime-silica glass, treated soda-lime glass, de-alkalized soda-lime glass, and regular soda-lime glass for glass containers; and high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), and polyvinyl chloride (PVC) for plastic containers. The research and development of desired products ensues, followed by large-scale manufacturing to cater to market demands and distribution through diverse channels to end-users.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/