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

The reusable icepacks market is expected to reach US$ 2,785.1 million by 2026, with an 8.1% CAGR from 2018 to 2026. In 2017, North America led the market for reusable ice packs. Asia Pacific is estimated to be the fastest-growing region between 2018 and 2026.

Reusable ice packs are made up of HDPE (high-density polyethylene), cross-linked polyacrylate, polyalcohol 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 and Healthcare, chemical, and food and beverage industries. The icepacks offer a temperature-controlled environment to maintain the properties, hygiene, and nature of the products stored, irrespective of the external environmental conditions. These ice packs also assist in the transportation of chemicals, food, and beverage products over long distances. Water used in the form of ice has a greater tendency to spoil the products, and reusable ice packs are water-free. Reusable ice packs are durable, hydrate quickly can be in a frozen state for a longer period of time, and are non-toxic. These are some of the factors augmenting the growth of the reusable icepack market globally.

As a vital part of stress relief and pain management therapies, reusable ice packs have gained a lot of appreciation in recent years. Reusable ice packs can help with a variety of critical medical conditions, including joint aches, swellings, and even life-threatening heat stroke. The growing popularity of terms such as sports management and kinesiology, along with a growing preference for non-invasive treatments, have made reusable ice packs a key element of every first-aid kit for sportspersons, physiotherapists, schools, and industries, among others. With varied applications in medical treatments, sports injuries, veterinary medicine, and temperature-maintaining transportation, reusable ice packs provide much-needed reusability, longevity, and versatility. A study has been conducted by the University of Texas at Austin on children's packed food in daycare.

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 the lunch boxes of their children with small reusable ice packs in order to prevent food-related sickness. This has promoted the use of reusable ice packs for domestic and small-scale food preservation applications. Technological advancements and the introduction of new chemical compositions for reusable icepacks are other factors driving the global reusable icepacks market during the forecast period. Trends show 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 that are capable of maintaining the required temperature for a longer time.

The conduct of various physical activities and sports leagues in developing nations has boosted the importance of the fields of sports management and kinesiology. Several sports events and competitions essentially have a physiotherapist for sudden mishaps on the field. Reusable ice packs have become an essential tool for all physiotherapists and coaches in order to temporarily relieve the pain of their players. Active sports culture and consideration for changing sports science have opened up several new avenues for the reusable ice pack industry to exploit in the Asia Pacific, the Middle East, and Latin America.

Global Reusable Icepacks Market (US Dollar Millions)

Ice/Dry Ice Packs Drive Market Growth for Reusable Ice Packs

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

-Refrigerant ge- based icepacksares are estimated to be the fastest-growing segment during the forecast period owing to their huge application in pharmaceuticals items. Refrigerant ge- based icepacks are basically portable plasticsacsc filled with refrigerant gel. Thecontentstofnthe bags are frozen in a freezer. They are mainly used for shipping meat, medical supplies, seafood,d, and biological material, among others. Refrigerant gel packs are created by adding propylene glycol, vinyl-coated silica gel,l, and hydroxyethyl cellulose into the bag. Vinyl-coated silica gel helps to maintain the cold and keeps 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,s whereby it can be used multiple times without failure. For shipping and transporting purposes, gel packs are a better alternative to ic or /devices owing to the fact that they last longer and are not exposed to the extremely cold temperatures that dry ice,s thereby keeping the temperature between 2°C and eight °C depending on the starting temperature and weight of the product. It also finds application in pharmaceutical items,s owing to the fact that refrigerant ge- based packs do not contaminate the product. K-Lock Synthetic Gel Packs offered by Cooler Warehouse are to- based on and aim 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.

In 2017, Food & Beverage was identified as the dominant application segment.

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

North America is the largest region in the global market for reusable icepacks.

North America accounted for the largest value and volume share of the reusable icepack market. The growing population's interest in sports activities, combined with an aging population, is primarily driving this market. The U.S. held the largest market share and was projected to grow at a significant rate in terms of value from 2018 to 2026. According to the Centers for Disease Control and Prevention (CDC) (2016), around 53 million people in the U.S. are affected by various bone-related diseases that, include arthritis owing to physical stress and small injuries. This, in turn, is expected to increase the demand for reusable ice packs in North America during the forecast period. Manufacturers are focusing on the 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 of reusable icepacks in the treatment of injuries, muscle spasms, and menstrual cramps owing to their high durability and non-toxicity are some of the significant factors driving the market's growth.

Product innovation is one of the key strategies adopted by the key players.

Key notable players operating in the global reusable icepacks market include 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 the growth of the company. For example, Techniice USA introduced the 37-quart Techni Ice Cooler to meet consumer demand and expand its customer base.

Historical & Forecast Period

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

Report Scope by Segments

The reusable icepacks market report represents an understanding of the current market dynamics and strategies. It also focuses on a quantitative and qualitative analysis of the overall market. The report covers the global reusable ice packs 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 making strategic initiatives and decisions in the reusable icepacks market.

Key questions answered in this report

  • Who are the distributors, traders, and dealers of reusable ice packs?
  • What are expected to be the largest product types 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 ice packs market, and what are the players' valuable opportunities?
  • How does the regulatory framework affect global as well as regional markets?
  • Which are the key players operating in the global market, and what are the strategies they have adopted?
  • What are the sales, revenue, business strategy, and product portfolio of the top manufacturers of reusable ice packs on the market?
  • What are the market size and trends in emerging and developed markets?

Frequently Asked Questions:

The market for Reusable Icepacks Market is expected to reach US$ 2,785.1 Mn by 2026.

The Reusable Icepacks Market is expected to see significant CAGR growth over the coming years, at 8.1%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

King Brand Healthcare Products, Techniice USA, Lloyds Pharmacy Limited, Cardinal Health, S.E.A. Olympus Marketing Inc., 3M Company are some of the major players in the global market.

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Published Date:  Feb 2019
Category:  Consumer Goods
Report ID:   59260
Report Format:   PDF
Pages:   120
Rating:    4.1 (50)
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