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Gel Ice Pack Market: Major Trends Reshaping the Future of the Industry
Gel Ice Pack Market
What Will the Gel Ice Pack Industry Market Size Be by 2025?
The gel ice pack market has grown rapidly in recent years. It will increase from $12.5 billion in 2024 to $14.56 billion in 2025 at a CAGR of 16.5%. Earlier growth was supported by greater consumer education, more clinical trials proving effectiveness, rising road accidents, increasing fitness activities, and higher investments in research and development.
What's the Long-Term Growth Forecast for the Gel Ice Pack Market Size Through 2029?
The market size for gel ice packs is predicted to witness a swift expansion in the coming years, reaching a size of $26.44 billion in 2029, with a compound annual growth rate (CAGR) of 16.1%. This growth in the projected period can be credited to increased consumer consciousness about health and wellbeing, initiatives to cut down on manufacturing expenses, enhancement of distribution networks, proliferation of internet-based retail platforms, and development of medical tourism. Key trends forecasted for this period include hybrid packs, incorporation of nanotechnology, biodegradable gel packs, introduction of antimicrobial properties in gel constituents, and the application of carbon-neutral manufacturing procedures.
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What Are the Key Growth Drivers Fueling the Gel Ice Pack Market Expansion?
The surge in the application of ice packs for chronic pain management is anticipated to boost the expansion of the gel ice packs market. The escalation in chronic pain cases can be attributed to several factors such as an aging population, inactive lifestyles, obesity, and the increasing occurrence of ailments like arthritis and diabetes. Gel ice packs contribute significantly towards managing chronic pain by curtailing inflammation, easing painful regions, and soothing discomfort via localized cooling therapy. For example, in August 2023, data from the US Pain Foundation, a nonprofit organization in the US committed to assisting those with chronic pain, revealed that about 21% of the U.S. population, translating to 51.6 million adults, experienced chronic pain that lasted for over three months. Out of these, 17.1 million individuals experienced high-impact chronic pain that severely hindered their work performance and daily life. As a result, the heightened usage of ice packs for chronic pain management is propelling the growth of the gel ice packs market.
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What Are the Key Trends Driving Gel Ice Pack Market Growth?
Leading firms in the gel ice pack market are innovating with compostable gel packs to combat environmental issues and fulfill the rising need for eco-friendly packaging methods. Decomposing naturally, these compostable gel packs are an environmentally friendly cooling solution, making them perfect for shipment of perishable commodities in a sustainable manner. For example, in August 2022, Pelton Shepherd Industries, a provider based in the US for reliable and green cold chain shipping solutions, including gel packs, launched Terra Ice. Being the inaugural 100% compostable gel pack constructed from BPI-certified compostable film and organic gelling ingredients, Terra Ice negates the necessity to cut open the pouch, recycle, or wash the gel pack. This presents a more viable and greener disposal alternative compared to the conventional gel packs.
How Is the Gel Ice Pack Market Segmented?
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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Which Companies Are Leading the Charge in Gel Ice Pack Market Innovation?
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 Regions Are Leading the Global Gel Ice Pack Market in Revenue?
North America was the largest region in the gel ice pack market in 2024. 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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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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