Authored By: Sarah
06 Dec 2024

Latest News - Reusable Icepacks Market 2024-2028: North America Leads Market Growth

Reusable Icepacks Market to grow at a CAGR of 6.38% during 2024-2028

The Reusable Icepacks Market is expected to grow at a CAGR of 6.38% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 418.7 million. The reusable icepacks market in emerging economies, including China, India, Brazil, South Africa, and Indonesia, is projected to experience substantial expansion during the forecast period. China is anticipated to lead the global reusable icepacks market, primarily due to the robust demand from sectors such as food and beverage and medical and healthcare. The growth of industries, particularly food and beverage and fast-moving consumer goods (FMCG), is fueling the need for reusable icepacks in food packaging. This growth is driven by the rising disposable incomes and increasing economic activities in these emerging markets, specifically China. 

Get more information on Reusable Icepacks Market by requesting a sample report

The Ice/dry icepacks subsegment is expected to dominate the Product segment during the forecast period 

Technavio analysts predict that the Ice/dry icepacks subsegment will lead the Product segment during 2024 and 2028 In the realm of temperature control solutions, reusable ice/dry packs represent a significant innovation. These packs are engineered using non-woven textiles that encapsulate a specially formulated dry ice component. The dry ice is derived from expanding liquid carbon dioxide (CO2) at atmospheric pressure, resulting in a solid material that remains at a temperature of 109.3°F. This material, a combination of CO2 snow and gas, is ideal for maintaining the chill in various applications, including the transportation of perishable goods such as meat, medical supplies, seafood, and biological materials. The ice/dry reusable packs feature a unique one-way perforation technology on their surfaces, enabling them to absorb water for enhanced cooling efficiency.

Here are the various ways based on which the market is segmented: 

  • Product
    • Ice/dry icepacks
    • Refrigerant gel-based icepacks
    • Chemical based icepacks
  • Application
    • Food and beverage
    • Medical and healthcare
    • Chemicals
  • Geography
    • North America
      • United States
      • Canada
    • APAC
      • China
      • South Korea
      • Malaysia
      • India
      • Thaiand
      • Indonesia
      • Japan
      • Rest of APAC
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Middle East and Africa
      • South Africa
      • GCC
      • Rest of Middle East and Africa

Key Companies and Market Insights
Some of the key companies in the Global Reusable Icepacks Market include:

  • Polar Products
  • Aspen Surgical Products
  • Medtronic
  • Medline Industries
  • Cardinal Health
  • Dynarex
  • BSN Medical
  • DeRoyal Industries
  • Smith Nephew
  • 3M
  • Cold Logic
  • Johnson Johnson
  • Convatec
  • Accurate Manufacturing Inc.
  • Arctic Ice LLC
  • Bent Grass Concepts
  • Bunzl Plc
  • Cardinal Health Inc.
  • CFS Brands LLC
  • Cryopak

Reasons to Purchase the Global Reusable Icepacks Market Market Research Report by Technavio. What is in it for you?

  • Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
  • Insight into Current Market Trends: Our research reports provide our readers insights into the latest market intelligence, competitor strategies, market trends, changes taking place in the industry and customer preferences, forecasted market opportunities that influence them to make better business decisions
  • High ROI with Extensive Hands-on Research: Technavio is renowned for offering personalized market research reports as per unique business needs, delving deep into specific markets, product segments and demographics. Additionally, it is also well-known for providing high return on investments through its wide collection of data at pocket-friendly rates

There are several factors that are causing the market to flourish increasing demand for packaged food and beverages

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

Reusable ice packs have gained significant popularity in recent years as consumers increasingly prioritize eco-friendly and sustainable products. With growing environmental awareness, the demand for reusable products in various industries, including sports, fitness, healthcare, and consumer goods, is on the rise. These versatile cold therapy solutions offer a more sustainable alternative to single-use plastics, reducing energy consumption and plastic waste. In healthcare and medical settings, reusable ice packs are used extensively for physiotherapy, pain relief, and injury recovery. Medical professionals and mail order pharmacies are embracing eco-friendly alternatives, making reusable ice packs a must-have in their inventory. These reusable ice packs come in various shapes and sizes, often made of non-toxic materials like high-density polyethylene. They can be microwaved for heat therapy or stored in a freezer for cold therapy. Some even come with a lightweight shape and a storage bag for easy transport. By choosing reusable ice packs, eco-conscious consumers can contribute to environmental sustainability while enjoying the benefits of effective cold therapy solutions.

Market Research Overview

The Reusable Icepacks Market encompasses a fragmented industry with intricate supply chains. Key players involve raw material suppliers, metal container manufacturers utilizing steel, aluminum, and tin, glass container producers using borosilicate, neutral glass, soda-lime-silica glass, treated soda-lime glass, de-alkalized soda-lime glass, and regular soda-lime glass, and plastic container manufacturers providing high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), and polyvinyl chloride (PVC). The value chain incorporates raw material procurement, research and development, large-scale production, and distribution through various channels to end-users.

The Reusable Icepacks Market is experiencing significant growth, fueled by the increasing demand for packaged food and beverages. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

 

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