Press release
Transformative Trends Impacting the Gel Ice Pack Market Landscape: Innovation in Sustainable Ice Pack Solutions
Gel Ice Pack
How Large Will the Gel Ice Pack Market Size By 2025?
In recent years, the market size for gel ice packs has seen a significant expansion. The market is projected to rise from $12.5 billion in 2024 to $14.69 billion in 2025, with a compound annual growth rate (CAGR) of 17.5%. Factors such as an increased emphasis on consumer education, a surge in clinical trials to prove their effectiveness, a rise in road accident incidences, the growing trend of fitness-related activities, and higher investment in research and development have contributed to the growth in this period.
How Big Is the Gel Ice Pack Market Size Expected to Grow by 2029?
In the coming years, the gel ice pack market is predicted to experience a rapid expansion. An escalation to $27.78 billion by 2029, with a CAGR of 17.3% is forecasted. This projected growth in the future can be accredited to an increase in consumer health consciousness, initiatives to cut down production costs, enhancement of distribution networks, growth in online retail platforms, and the flourishing of medical tourism. Some of the most significant trends for the given period are hybrid packs, the integration of nanotechnology, biodegradable gel packs, the inclusion of antimicrobial properties in gel substances, and the application of carbon-neutral production methods.
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Which Key Market Drivers Powering Gel Ice Pack Market Expansion and Growth?
The escalating utilization of ice packs for chronic pain management is projected to spur the expansion of the gel ice pack market. The rising incidence of chronic pain is spurred by factors such as aging demographics, sedentary habits, obesity, and increasing instances of conditions such as arthritis and diabetes. Gel ice packs have proven beneficial in chronic pain control by reducing inflammation, numbing pain points, and relieving discomfort through targeted cooling therapy. For instance, the US Pain Foundation, a US-based non-profit dedicated to aiding those with chronic pain, indicated in August 2023 that roughly 21% of the US population, approximately 51.6 million adults, suffered from chronic pain, defined as pain lasting more than three months. Of these, 17.1 million experience high-impact chronic pain which markedly restricts their capacity to work or participate in everyday activities. Consequently, the growing application of ice packs for chronic pain is fuelling the expansion of the gel ice pack market.
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Which Fast-Growing Trends Are Poised to Disrupt the Gel Ice Pack Market?
Leading businesses in the gel ice pack market are coming up with compostable gel packs to address environmental issues and accommodate the rising demand for environmentally friendly packaging options. Compostable gel packs, which decompose naturally, are excellent for the sustainable shipment of perishable products. For example, Pelton Shepherd Industries, a US firm renowned for reliable and sustainable cold chain shipping solutions such as gel packs, launched Terra Ice in August 2022. This product represents the first-ever 100% compostable gel pack, crafted from BPI-certified compostable film and natural gelling substances. It offers a simpler and greener disposal alternative as it rules out the need to open the pack, recycle or rinse the gel pack, unlike conventional gel packs.
What Are the Emerging Segments in the Gel Ice Pack Market?
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
Subsegments:
1) By Reusable: Standard Reusable Gel Ice Packs, Flexible Reusable Gel Ice Packs, Reusable Hot Or Cold Gel Packs
2) By Disposable: Single-Use Gel Ice Packs, Medical Disposable Gel Ice Packs, Food And Beverage Disposable Gel Ice Packs
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Who Are the Global Leaders in the Gel Ice Pack Market?
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
Which are the Top Profitable Regional Markets for the Gel Ice Pack Industry?
North America was the largest region in the gel ice pack market in 2023. The regions covered in the gel ice pack market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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