Press release
Global Gel Ice Pack Market Overview Covering Forecast Market Size And Growth Rate 2033 | Medline Industries LP, Ace Hardware Corporation, Sonoco Products Company
Gel Ice Pack Global Market Report 2024
As per the report, the gel ice pack market size has grown rapidly in recent years. It will grow from $10.66 billion in 2023 to $12.5 billion in 2024 at a compound annual growth rate (CAGR) of 17.2%. The gel ice pack market size is expected to see rapid growth in the next few years. It will grow to $23.7 billion in 2028 at a compound annual growth rate (CAGR) of 17.4%.
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Growing Demand For Gel Ice Packs Driven By Rising Chronic Pain Cases
The increasing use of ice packs in chronic pain is expected to propel the growth of the gel ice packs market going forward. Chronic pain cases are increasing due to factors such as an aging population, sedentary lifestyles, obesity, and the rising prevalence of conditions like arthritis and diabetes. Gel ice packs are useful in managing chronic pain by reducing inflammation, numbing painful areas, and alleviating discomfort through localized cooling therapy. For instance, in the April 2023, Center for Disease Control and Prevention (CDC), a US-based national public health agency, during 2021, approximately 20.9% of U.S. adults (51.6 million people) reported experiencing chronic pain, and 6.9% (17.1 million people) experienced high-impact chronic pain, which significantly limits daily activities. Therefore, increasing use of ice packs in chronic pain is driving the growth of the gel ice packs market.
Innovation in Sustainable Ice Pack Solutions
Major companies operating in the gel ice pack market are developing compostable gel packs to address environmental concerns and meet the growing demand for sustainable packaging solutions. Compostable gel packs are eco-friendly cooling packs that decompose naturally, making them ideal for sustainable shipping perishable goods. For instance, in August 2022, Pelton Shepherd Industries, a US-based provider of dependable and sustainable cold chain shipping solutions, including gel packs, introduced Terra Ice. Terra Ice is the first 100% compostable gel pack made from BPI-certified compostable film and natural gelling agents. Terra Ice eliminates the need to open the pouch, recycle, or rinse the gel pack, providing a more convenient and sustainable disposal option than traditional gel packs.
The gel ice pack market covered in this report is segmented -
1) By Type: Reusable, Disposable
2) By Material: High-Density Polyethylene (HDPE), Nylon, Polyethylene Terephthalate (PET), Polyvinyl Chloride (PVC)
3) By Application: Pharmaceuticals, Medical And Healthcare, Consumer Goods, Food Industry, Chemicals, Electronics, Logistics And Transport, Other Applications
4) By Distribution Channel: Online, Offline
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Major companies operating in the gel ice pack market are Medline Industries LP, Ace Hardware Corporation, Sonoco Products Company, Sigma - Aldrich, Intco Medical Technology, Cold Chain Technologies LLC, Lifoam Industries LLC, Ranpak Holdings Corp., Cryopdp, Cryopak Industries Inc., Polar Tech Industries, Nordic Cold Chain Solutions, Pelton-Shepherd Industries Inc., Stream Peak International Pte Ltd, Valor Industries, Sammons Preston, Insulated Products Corp., Techni Ice, Satyog Engineering Industries, Polar Bear Coolers, Cold Ice Inc., Inuteq, M/s Innova Global, Kalyani Enterprises, Gelpackdirect
Contents of the report:
1. Executive Summary
2. Gel Ice Pack Market Report Structure
3. Gel Ice Pack Market Trends And Strategies
4. Gel Ice Pack Market - Macro Economic Scenario
5. Gel Ice Pack Market Size And Growth
…..
27. Gel Ice Pack Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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Executive Summary
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Ice in these regions, from 2012 to 2023 (forecast), covering
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America…
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Rising product adoption for preparing smoothies, sorbets, and shakes will enhance…
