Home / Consumer Goods / Reusable Icepacks Market By Product Type (Refrigerant Gel Based Icepacks, Ice/Dry Icepacks, Chemical Based Icepacks), By Application (Food & Beverage, Medical & Healthcare, Chemicals) - Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026

Reusable Icepacks Market By Product Type (Refrigerant Gel Based Icepacks, Ice/Dry Icepacks, Chemical Based Icepacks), By Application (Food & Beverage, Medical & Healthcare, Chemicals) - Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026

Published: Feb 2019 | Report Code: 59260-02-19

Reusable Icepacks Market is expected to reach US$ 2,785.1 Mn by 2026 with 8.1 % CAGR during the forecast period from 2018 to 2026. In 2017, North America led the reusable icepacks market. Asia Pacific is estimated to be the fastest growing region between 2018 and 2026.

Reusable icepacks are made up of HDPE (high-density polyethylene), cross-linked polyacrylate, ployalcohol co-polymer refrigerant and other polymers. The bag that stores the reusable gel is made up of polyethylene. These icepacks are used widely in the medical & healthcare, chemicals and food & beverage industries. The icepacks offer temperature-controlled environment to maintain the properties, hygiene and nature of product stored irrespective of the external environmental conditions. These icepacks also assist in transportation of chemicals, food & beverage products over long distances. Water used in the form of ice has a greater tendency to spoil the products and reusable icepacks are water free. Reusable icepacks are durable, hydrates quickly, can be in frozen state for a longer period of time and are non-toxic. These are some of the factors augmenting the growth of reusable icepacks market, globally.

As a vital part of stress-relief and pain management therapies, reusable ice packs got a lot of appreciation in recent years. Reusable ice packs can help in various critical medical conditions such as joint aches, swellings and sometimes even life-threatening cases of heat strokes. Growing popularity of terms such as sports management and kinesiology along with growing preference for non-invasive treatments have made reusable ice packs a key element of every first-aid kit of sportspersons, physiotherapists, schools, and industries, among others. Varied applications in medical treatments, sports injuries, veterinary, and temperature maintaining transportation, reusable ice packs does provide much-required reusability, longevity, and versatility. A research has been conducted by the University of Texas, Austin on children’s pack food in day-care. According to the research, almost 90% of the packed food was not maintained at a safe operating temperature and the food was susceptible to harmful microbes. As a solution to this issue parents have started to pack lunch boxes of their wards with small reusable ice packs in order to prevent their kids from food-related sickness. This has promoted the use of reusable ice pack for domestic and small-scale food preservation applications. Technological advancements and introduction of new chemical compositions for reusable icepacks are other factors driving the global reusable icepacks market during the forecast period. Trend shows that companies are trying new chemical compositions in order to overcome the aforementioned issue by developing ice packs with more stable and non-toxic chemicals which are capable of maintaining a required temperature for a longer time.

Conduction of various physical activities and sports leagues in developing nations has boosted the importance to the field of sports management and kinesiology. Several sports events and conductions essentially have a physiotherapist for sudden mishaps on the field. Reusable ice packs have become a vital element of all physiotherapists and coaches to relief their players temporarily from pain. Active sports culture and consideration towards changing sports science has created several new avenues for reusable ice pack industry to exploit over the developing regions of Asia Pacific, Middle East, and Latin America. 

Market Snapshot: Global Reusable Icepacks Market (US$ Mn)

Reusable Icepacks Market

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Ice/Dry-icepacks Propelling the Growth of Reusable Icepacks Market

Currently, ice/dry-icepacks is one of the leading product type both by volume and value, and expected to maintain its dominance with highest CAGR during the forecast period. Dry ice, also known as card ice is frozen carbon dioxide. Dry ice is utilized for extremely cold temperatures of around -78.5°C (-109.3°F) as a cooling agent. The supercool properties and sublimation of solid to gas enhances its applications as a cooling agent in industrial applications. This form of icepack is increasingly used for shipping of medical and clinical laboratory shipments. The property of dry ice to sublimate directly to the gas prevent the saturation of product with water, thereby enhancing its commercial use. Frozen and perishable food is easily shipped with the help of dry icepacks.  Apart from this, dry icepack witness surging demand from food and beverage (confectionery industry) such as in shipping of foods such as cheese cakes and pastries. Dry ice keeps the shipments cold thereby protecting product from decaying.

Refrigerant gel based icepacks is estimated to be the fastest growing segment during the forecast period owing to its huge application in pharmaceuticals items. Refrigerant gel based icepacks are basically portable plastic sac filled with refrigerant gel. The content in it are frozen in a freezer. They are mainly used for shipping meat, medical supplies, seafood and biological material, among others. Refrigerant gel packs are created by adding propylene glycol, vinyl-coated silica gel and hydroxyethyl cellulose into the bag. Vinyl-coated silica gel helps to maintain the cold and to keep all the ingredients of refrigerant gel packs together. Hydroxyethyl cellulose offers structural strength to the gel packs. Propylene glycol aims to increase the reusability of packs whereby it can be used multiple number of times without any failure. For shipping and transporting purpose, gel packs are a better alternative compared to ice/dry icepacks owing to the fact that they last longer and are not exposed to extremely cold temperatures that dry ice does thereby keeping the temperature between 2°C and 8°C depending on the starting temperature and weight of product. It also finds application in pharmaceutical items owing to the fact that refrigerant gel based packs does not contaminate the product. K-Lock Synthetic Gel Packs offered by Cooler Warehouse are water based and aims to maintain a temperature of 0°C throughout the phase changing process. These are basically designed to last longer than dry ice while remaining non-toxic, safe and puncture-resistant.

Reusable Icepacks Market

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Food & Beverage Identified as the Dominant Application Segment in 2017

Food & beverages storage requires cold chain procedures and icepacks are key components of cold chain storage. These icepacks are used to keep the food products, raw flesh, fruits, vegetables, and beverages cool inside the carrier, cooler or cold box. A number of icepacks are required to keep a cold box, cooler or carrier within the safe temperature range. The quantity of icepacks thus required is based according to the type of box or cooler. The insulation layer of the box, its volume and the amount of food & beverage to be stored are also some of the major factors to be considered while storing them. Food & beverages are perishable, hence they have to be isolated from the environment and stored in colder environment. This makes them safe and fit for consumption. Reusability of these icepacks makes them the cheapest refrigerant sources to keep the products cool and to be stored for longer period of time. Use of reusable icepacks minimizes the use of heavy, costlier and complex chiller units and other refrigeration systems. Hospitals, urgent care centers, physical therapy clinics, surgery centers amongst other healthcare facilities extensively use icepacks to treat injuries. Medical & Healthcare is expected to be the fastest growing segment during the forecast period. Healthcare practioners like acupuncturists, homeopathic practioners all use gel filled reusable ice packs for relieving temporary physical traumatic stress. Vast usage in healthcare and pharmaceutical industry is considered to be a major driving factor for high market presence of icepacks in the global market.

Reusable Icepacks Market

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North America is the Largest Region in the Global Reusable Icepacks Market

North America accounted for the largest value and volume share of reusable icepacks market. Growing inclination of population towards sports activities followed by increasing aging population is mainly driving this market. The U.S held the largest market share and projected to grow at a significant rate in terms of value from 2018 to 2026. According to Centers for Disease Control and Prevention (CDC) 2016, around 53 million people in the U.S. are affected by various bone related disease that includes arthritis owing to physical stress and small injuries. This in turn is expected to increase the demand for reusable icepacks in North America during the forecast period. Manufacturers are focusing on launch of new and advanced reusable icepacks coupled with sales of therapy packs and online promotion that in turn is expected to fuel the demand for reusable icepacks in North America. Asia Pacific is projected to be the most lucrative market owing to rising demand for reusable icepacks, especially from the healthcare industry. Rising utilization for reusable icepacks in treatment of injuries, muscle spasms, menstrual cramps owing to its high durability, non-toxicity are some of the significant factors for the market growth.

Reusable Icepacks Market

Product Innovation is one of the Key Strategy Adopted by the Key Players 

Key notable players operating in the global reusable icepacks market includes King Brand Healthcare Products, Techniice USA, Lloyds Pharmacy Limited, Cardinal Health, S.E.A. Olympus Marketing Inc, 3M Company and Microban Products Company.  Product innovation has been an important criterion for growth of the company. For example, Techniice USA launched Techni Ice Cooler of 37Qt to meet consumer needs and increase customer database.

Reusable Icepacks Market

Historical & Forecast Period

This research considers 2017 as the base year and presents analysis of segments from 2016 to 2026. In addition, forecast period from 2018 to 2026 is considered for Compounded Annual Growth Rate (CAGR) calculation for each respective segment.

Report Scope by Segments

Reusable icepacks market report represents understanding about the current market dynamics and strategies. It also focuses on quantitative and qualitative analysis of the overall market. The report covers the global reusable icepacks market by categorizing the market in terms of product type, application and geography. Publishing this broad research report aims to aid the reusable icepacks market stakeholders and professionals in assisting strategic initiatives and decisions in the reusable icepacks market.

ATTRIBUTE DETAILS
Research Period  2016-2026
Base Year 2017
Forecast Period  2018-2026
Historical Year  2016
Unit  USD Million
Segmentation

 Product Type Segment (2016–2026; US$ Mn)
 • Refrigerant Gel Based Icepacks
 • Ice/dry Icepacks
 • Chemical based Icepacks

 Application Segment (2016–2026; US$ Mn)
 • Food & Beverage
 • Medical & Healthcare
 • Chemicals

 Geography Segment (2016–2026; US$ Mn)
 • North America (United States and Canada)
 • Europe (U.K., Germany, France, Rest of Europe)
 • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
 • Latin America (Brazil, Mexico, Rest of Latin America)
 • Middle East and Africa (GCC, Rest of MEA)

Key questions answered in this report

  • Who are the distributors, traders and dealers of reusable icepacks market?
  • What are expected largest product type and application segments in the market during the forecast period from 2018 to 2026?
  • What are the fastest growing segments in the market for the forecast period?
  • What are the current market trends in the reusable icepacks market and valuable opportunities for the players?
  • How the regulatory framework affects the global as well as the regional markets?
  • Which are the key players operating in the global market and what are the strategies adopted by them?
  • What are sales, revenue, business strategy and product portfolio of top manufacturers of reusable icepacks market?
  • What is the market size and trend in emerging and developed markets?

1. Preface
1.1. Report Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Assumptions

2. Executive Summary
2.1. Global RI Market Portraiture
2.2. Global RI Market, by Product, 2017 (US$ Mn)
2.3. Global RI Market, by Application, 2017 (US$ Mn)
2.4. Global RI Market Share, by Geography, 2017 (US$ Mn)

3. Reusable Icepacks (RI) Market Dynamics and Outlook
3.1. Market Overview
3.2. Drivers
3.2.1. Growing Demand for Reusable Ice Packs in Healthcare And Pharmaceuticals Industry
3.2.2. Ice Packs Used as an important Medium for Food Preservation and Transportation
3.2.3. Technological Advancements and Introduction of New Chemical Compositions for Reusable Ice Packs
3.3. Challenges
3.3.1. Regulatory Requirements for Product Safety
3.4. Opportunities
3.4.1. Growing Demand for Reusable Ice Packs from Emerging and Developing Economies
3.5. Attractive Investment Proposition, by Geography, 2017
3.6. Competitive Landscape, by Key Players, 2017

4. Global Reusable Icepacks (RI) Market, by Application, 2016-2026 (US$ Mn)
4.1. Overview
4.2. Refrigerant Gel Based Icepacks
4.3. Ice/dry Icepacks
4.4. Chemical Based Icepacks

5. Global Reusable Icepacks (RI) Market, by Application, 2016-2026 (US$ Mn)
5.1. Overview
5.2. Food & Beverage
5.3. Medical & Healthcare
5.4. Chemicals

6. Global Reusable Icepacks (RI) Market, by Geography, 2016 – 2026 (US$ Mn)
6.1. Overview
6.2. North America RI Market, 2016 – 2026
6.2.1. North America RI Market, by Product, 2016 – 2026 (US$ Mn)
6.2.2. North America RI Market, by Application, 2016 – 2026 (US$ Mn)
6.2.3. North America RI Market, by Country, 2016 – 2026 (US$ Mn)
6.2.3.1. U.S.
6.2.3.2. Canada
6.3. Europe RI Market, 2016 – 2026
6.3.1. Europe RI Market, by Product, 2016 – 2026 (US$ Mn)
6.3.2. Europe RI Market, by Application, 2016 – 2026 (US$ Mn)
6.3.3. Europe RI Market, by Country/Region, 2016 – 2026 (US$ Mn)
6.3.3.1. U.K.
6.3.3.2. Germany
6.3.3.3. France
6.3.3.4. Rest of Europe
6.4. Asia Pacific RI Market, 2016 – 2026
6.4.1. Asia Pacific RI Market, by Product, 2016 – 2026 (US$ Mn)
6.4.2. Asia Pacific RI Market, by Application, 2016 – 2026 (US$ Mn)
6.4.3. Asia Pacific RI Market, by Country/Region, 2016 – 2026 (US$ Mn)
6.4.3.1. Japan
6.4.3.2. China
6.4.3.3. India
6.4.3.4. Rest of Asia Pacific
6.5. Latin America RI Market, 2016 – 2026
6.5.1. Latin America RI Market, by Product, 2016 – 2026 (US$ Mn)
6.5.2. Latin America RI Market, by Application, 2016 – 2026 (US$ Mn)
6.5.3. Latin America RI Market, by Country/Region, 2016 – 2026 (US$ Mn)
6.5.3.1. Brazil
6.5.3.2. Mexico
6.5.3.3. Rest of Latin America
6.6. Middle East & Africa (MEA) RI Market, 2016 – 2026
6.6.1. Middle East & Africa RI Market, by Product, 2016 – 2026 (US$ Mn)
6.6.2. Middle East & Africa RI Market, by Application, 2016 – 2026 (US$ Mn)
6.6.3. Middle East & Africa RI Market, by Region/Region, 2016 – 2026 (US$ Mn)
6.6.3.1. GCC
6.6.3.2. Rest of Middle East and Africa

7. Company Profiles
7.1. King Brand Healthcare Products
7.1.1. Business Description
7.1.2. Financial Information (Subject to Data Availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. Techniice USA
7.3. Lloyds Pharmacy Limited
7.4. Cardinal Health
7.5. S.E.A. Olympus Marketing, Inc.
7.6. 3M Company
7.7. Microban Products Company

* RI - Reusable Icepacks

FIG. 1 Global Reusable Icepacks (RI) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global RI Market Segmentation
FIG. 4 Global RI Market, by Product, 2017 (US$ Mn)
FIG. 5 Global RI Market, by Application, 2017 (US$ Mn)
FIG. 8 Global RI Market, by Geography, 2017 (US$ Mn)
FIG. 9 Attractive Investment Proposition, by Geography, 2017
FIG. 10 Global Market Positioning of Key Reusable Icepacks Manufacturers, 2017
FIG. 11 Global Refrigerant Gel Based RI Market, 2016 – 2026 (US$ Mn)
FIG. 12 Global Ice/Dry RI Market, 2016 – 2026 (US$ Mn)
FIG. 13 Global RI Market in Food & Beverage Application, 2016 – 2026 (US$ Mn)
FIG. 15 Global RI Market in Medical & Healthcare Application, 2016 – 2026 (US$ Mn)
FIG. 16 Global RI Market in Chemicals Application, 2016 – 2026 (US$ Mn)

TABLE 1 Market Snapshot: Global Reusable Icepacks (RI) Market
TABLE 2 Global RI Market, by Product, 2016 – 2026 (US$ Mn)
TABLE 3 Global RI Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 4 Global RI Market, by Geography 2016 – 2026 (US$ Mn)
TABLE 5 North America RI Market, by Product, 2016 – 2026 (US$ Mn)
TABLE 6 North America RI Market, y Application, 2016 – 2026 (US$ Mn)
TABLE 7 North America RI Market, by Country 2016 – 2026 (US$ Mn)
TABLE 8 Europe RI Market, by Product, 2016 – 2026 (US$ Mn)
TABLE 9 Europe RI Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 10 Europe RI Market, by Country/Region 2016 – 2026 (US$ Mn)
TABLE 11 Asia Pacific RI Market, by Product, 2016 – 2026 (US$ Mn)
TABLE 12 Asia Pacific RI Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 13 Asia Pacific RI Market, by Country/Region 2016 – 2026 (US$ Mn)
TABLE 14 Latin America RI Market, by Product, 2016 – 2026 (US$ Mn)
TABLE 15 Latin America RI Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 16 Latin America RI Market, by Country/Region 2016 – 2026 (US$ Mn)
TABLE 17 Middle East & Africa RI Market, by Product, 2016 – 2026 (US$ Mn)
TABLE 18 Middle East & Africa RI Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 19 Middle East & Africa RI Market, by Region 2016 – 2026 (US$ Mn)
TABLE 20 King Brand Healthcare Products: Company Snapshot (Business Description; Product/Business Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 21 Techniice USA: Company Snapshot (Business Description; Product/Business Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 22 Lloyds Pharmacy Limited: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 23 Cardinal Health: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 24 S.E.A. Olympus Marketing, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 25 3M Company: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 26 Microban Products Company: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)

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