Global Disposable Ice Packs Market, By Product (Dry- ice -based and Gel- based), Application (Food and Beverages, Medical and Healthcare, Chemicals and Consumer Goods and Others), Type (Natural Coolant and Chemical Coolant), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Disposable Ice Packs Market
Data Bridge Market Research analyses that the disposable ice packs market will project a CAGR of 7.10% for the forecast period of 2021-2028. Rising focus on the packaging product innovations by the manufacturers, growth and expansion of packaging industry especially in the developing economies like India and China, surging demand for eco- friendly packaging solutions and increased personal disposable income are the factors driving the growth of disposable ice packs market. Therefore, the disposable ice packs market value, which was 800 million in 2020, will rocket up to USD 1211.75 million by 2028.
From the name itself, it is clear that the disposable ice packs are the reusable and biodegradable small bags of ice. The ice packs are suggested for cold therapy medications in case of muscle spasm, muscle pull, sprain and much more. The ice packs are mostly stored in freezers while not in use but can also be stored in a microwave for a short period of time. These disposable ice packs are easily available in the market via both online and offline modes of distribution.
Rising demand for sustainable and biodegradable packaging solutions is driving the growth in the market value. Growing demand from the chemical industry and growth and expansion of the pharmaceuticals industry especially in the developing economies will further induce growth in the market value. Rising proliferation of e-commerce industry especially in the developing economies, growing awareness about the benefits of ice packs such as product durability, portability, non-toxicity and others are some other market growth determinants. Also, increasing modernization, increased focus on the product customization by the major manufacturers and increasing personal disposable income are some other indirect factors that will also promote the market growth rate.
However, fluctuations in the prices of raw packaging materials will create hindrances for the disposable ice packs market growth rate. Rising costs of innovative packaging solutions will further dampen the disposable ice packs market growth rate. Also, growing availability of alternatives in the market will hamper the disposable ice packs market growth rate.
This disposable ice packs market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on disposable ice packs market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Disposable Ice Packs Market Scope and Market Size
Global disposable ice packs market is segmented on the basis of product, application and type. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the disposable ice packs market is segmented into dry- ice -based and gel- based.
- On the basis of application, the disposable ice packs market is segmented into food and beverages, medical and healthcare, chemicals and consumer goods and others.
- On the basis of type, the disposable ice packs market is segmented into natural coolant and chemical coolant.
Disposable Ice Packs Market Country Level Analysis
The global disposable ice packs market is analysed and market size insights and trends are provided by country, product, application and type as referenced above.
The countries covered in the disposable ice packs market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region dominates the disposable ice packs market and will continue to flourish its trend of dominance during the forecast period owing to the presence of extensive number of local players. Asia-Pacific will however register the highest CAGR for this period. Availability of raw materials, rising urbanisation, growth and expansion of pharmaceuticals industry and increasing personal disposable income are some important market growth determinants.
The country section of the disposable ice packs market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Disposable Ice Packs Market Share Analysis
The disposable ice packs market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to disposable ice packs market.
The major players covered in the disposable ice packs market report Accurate Manufacturing, 3M, Arctic Ice, Cardinal Health., Cryopak, Ice Pack Store, King Brand Healthcare Products Limited, Global National Australia Pty Ltd., Morrison Medical, Dynarex Corporation., Cold Chain Technologies, GF HEALTH PRODUCTS, INC., IceWraps., Reuse it, Inc., Techniice USA, LloydsPharmacy Limited, Gel Frost Packs Kalyani Enterprises., Ace Hardware., S.E.A. Olympus Marketing, Inc., and icepacks4less.co.uk among other global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.