The Reusable Icepacks Market is being driven by Increasing demand for packaged food and beverages
The Reusable Icepacks Market is expected to grow at a CAGR of 5.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 374.7 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. Moreover, the burgeoning industries, specifically food and beverage and fast-moving consumer goods (FMCG), are fueling the need for reusable icepacks in food packaging. This growth is driven by the rising disposable incomes and escalating economic activities in emerging markets, most notably China.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
201 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.5% |
Market growth 2025-2029 |
USD 374.7 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
4.2 |
Key countries |
US, China, Germany, Japan, Canada, India, UK, South Korea, Italy, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Reusable ice packs, available in various forms like freezer and microwavable models, are made of high-density polyethylene, a non-toxic polymer. These lightweight, shape-retaining storage bags offer versatility as cold therapy solutions for medical professionals in physiotherapy, retail stores, pharmacies, and mail order pharmacies under the Medical and Healthcare sector. Eco-conscious consumers prefer reusable ice packs over single-use plastics for environmental sustainability, reducing plastic waste, and minimizing energy consumption. These reusable products cater to the needs of healthcare, fitness, and sports industries, promoting environmental awareness and the shift towards eco-friendly alternatives.
The Reusable Icepacks market experiences a complex business landscape, characterized by a multi-tiered supply chain. Key players involve raw material suppliers, such as HDPE, LDPE, PET, PP, and PVC providers, and metal and glass container raw material suppliers, including steel, aluminum, tin, borosilicate, neutral glass, soda-lime-silica glass, treated soda-lime glass, de-alkalized soda-lime glass, and regular soda-lime glass. The production process encompasses research and development, large-scale manufacturing, and distribution to medical professionals, physiotherapists, and athletic injury sectors. These lightweight, non-toxic, freezable and microwavable storage bags offer significant benefits, making them a preferred choice for various applications.. 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
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