Registering a CAGR of 8.9% over the forecast period of 2022-2027, the global Reusable Icepacks Market is anticipated to reach the market value of US$ 1381.7 MN in 2027.
Reusable icepacks are complete 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 & healthcare, chemicals, and food & beverage industries. The icepacks suggest a temperature-controlled environment to maintain the properties, hygiene, and nature of products stored irrespective of the external environmental conditions. These icepacks also back in the 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, hydrate quickly can be in the frozen state for a longer period of time, and are non-toxic. These are some of the factors augmenting the development of the reusable icepacks market, globally.
In the packaging of medical and food products, moisture control is the main concern, and thermoform plastic acts as barrier films to bring the product in good condition. Thin walling used in various packaging applications has been an additional development factor for the market.Growing demand for reusable ice packs in healthcare and pharmaceuticals industry is mainly driving the global market. Sports athletes including professional bodybuilders, marathon runners and fitness professionals extensively use reusable ice packs for homeostasis of body temperature during their resting and recovery period. This aids their body to recover faster and avoid any possibility of tissue damages during their training. Furthermore, these ice packs are also used for veterinary applications especially for comforting post-operative and sick animals. In addition, refrigeration plays a vital role in food and beverages preservation and transportation.
The Reusable Icepacks Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes 3M Company (NYSE:MMM), Accurate Manufacturing, Inc., Arctic Ice LLC, Cardinal Health Inc.(NYSE:CAH), Merck KGaA, Cold Chain Technologies, Cryopak, King Brand Healthcare Products Ltd., Techni Ice, LloydsPharmacy, SEA Olympus Marketing Inc, Microban Products Company
In 2018, Kinetec launched the Dr.Aktive Cold Compression Therapy products that offer combined cryotherapy and compression at affordable prices. The product range includes various packs that can be used for pain management in post-op, strains, etc., at the ankles, ankles, shoulder, and wrist. Such product launches are expected to impact market growth over the course of the forecast period positively.
By Type, it is segmented into
By Applications it is segmented into
North America witnesses a foremost position in the market as USA followed by Europe. The main driving factors which have driven the development of the reusable ice packs market in this region is that the industry has extensive number of local players. Asia-Pacific has important share in the reusable ice packs market as the manufacturing cost of the product is low and multiple players are supplying the product worldwide.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 8.9% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | 3M Company (NYSE:MMM), Accurate Manufacturing, Inc., Arctic Ice LLC, Cardinal Health Inc.(NYSE:CAH), Merck KGaA, Cold Chain Technologies, Cryopak, King Brand Healthcare Products Ltd., Techni Ice, LloydsPharmacy, SEA Olympus Marketing Inc, Microban Products Company |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 104 |
Customization Available | Yes, the report can be customized as per your needs |
Frequently Asked Questions
What is the study period of this market?
The Reusable Icepacks Market is studied from 2017 - 2027.
What is the growth rate of Reusable Icepacks Market?
The Reusable Icepacks Market is growing at a CAGR of 8.9% over the next 5 years.
Who are the leading key players in Reusable Icepacks Market?
Danaher Corporation (NYSE:DHR), Institut Straumann, Dentsply International, Sirona Dental Systems, A-Dec, Align Technology, Planmeca Oy and Others.
What regions regions does this Reusable Icepacks Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Reusable Icepacks Market?
Dry Ice Bag, Gel Bag, Other
What are the significant Applications of Reusable Icepacks Market?
Food & Beverage, Medical & Healthcare, Chemicals, Other
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SECONDARY RESEARCH
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PRIMARY RESEARCH
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MARKET ENGINEERING
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