Disposable Ice Packs Market - Forecast, COVID-19 Impact, Trend Analysis & Competition Tracking - Global Insights 2018-2033

Disposable Ice Packs are Gaining Recognition as a Convenient Cold Therapy

Increasing modernisation, increased attention on product customisation by leading companies and rising purchasing power are the aspects that will boost disposable ice packs market growth. Increasing demand for sustainable and biodegradable packaging solutions is driving the market. Rising demand from the chemical sector, as well as the growth and expansion of the pharmaceutical industry, particularly in the developing countries, will lead to disposable ice packs market expansion. According to Canadian Physiotherapy Association, cold therapy is an effective therapeutic option for many people; however, it is not recommended for people who have: ischemia, anaesthesia, vasospasm, open or infected wound, eczema or acute dermatitis. Growing awareness regarding the benefits of ice packs such as product durability, portability, non-toxicity and others are some major disposable ice packs market growth factors. 

Growing Use of Disposable Ice Packs in Medical and Healthcare Sector Fuels the Market

One of the primary factors driving the disposable ice packs market in North America is the demand for disposable ice packs in the treatment of sports injuries. Consumer demand for packed, ready-to-eat and microwaveable food in the United States and Canada is likely to fuel the growth of the disposable ice packs market throughout the forecast period. Other factors that are anticipated to support the growth of the disposable ice packs market in North America over the forecast period include an increase in the number of major disposable ice pack manufacturers in the region, rising demand for treating sports injuries and rising trade in meat products. The market for disposable ice packs is expanding in Europe owing to the rising demand from the medical and healthcare sector, rising need for fresh food and the presence of several leading suppliers in the region.

Price Fluctuations & Presence of Disposable Ice Pack Substitutes are Likely to be a Challenge for Market Participants

The major drawback to disposable ice packs is that they can only be used once and are therefore more expensive than reusable or homemade ice packs. Price fluctuations in raw packaging materials may hamper the market growth. The rising expenses of innovative packaging methods may further restrict the rate of development of the disposable ice packs market. Also, the increased availability of alternatives in the market may hamper the growth rate of the disposable ice packs market.

Disposable Ice Packs Market Segmentation

The global disposable ice packs market is segmented on the basis of product, type, application and sales channel.

On the basis of Product:

·         Dry Ice-Based

·         Gel-Based

On the basis of Type:

·         Natural Coolant

·         Chemical Coolant

On the basis of Application:

·         Food and Beverages

·         Medical and Healthcare

·         Chemical Industry

·         Others

On the basis of Sales Channel:

·         Hospital Dispensaries

·         Online Pharmacies

·         Retail Pharmacies

·         Others

Product Innovation is a Significant Strategy Used by the Leading Companies

Manufacturers' increased focus on packaging product innovations, leads to the growth and expansion of the packaging industry, particularly in developing economies such as India and China, rising demand for eco-friendly packaging solutions and increased disposable income are the factors driving the growth of the disposable ice packs market. The market is fragmented, and the degree of fragmentation will increase over the forecast period. The increasing demand for packaged foods and medical products will provide huge opportunities for market growth. To gain competitive advantages, manufacturers prioritised growth prospects in fast-growing sectors while maintaining its positions in slow-growing sectors. The increased demand for packaged food is significant in propelling disposable ice packs market expansion.

3M Co., Global National Australia Pty Ltd., Accurate Manufacturing Inc., Arctic Ice LLC, Cardinal Health Inc., Cold Chain Technologies LLC, Cryopak, GF Health Products Inc., Ice Pack Store and King Brand Healthcare Products Ltd. are some of the prominent companies that are operating in the global disposable ice packs market.

Disposable Ice Packs Market is Being Driven by the Increased Focus on Biodegradable Packaging

The increasing usage of bio-based plastics in place of petroleum-based resins is expected to result in considerable reductions in volatile emissions and carbon footprint. Furthermore, companies are taking steps to promote the usage of biodegradable packaging in the production of disposable ice packs. Food and beverage manufacturers prefer environment friendly or biodegradable food packaging alternatives, such as disposable ice packs. Disposable ice packs become increasingly popular as they provide heat, humidity and gas resistance, as well as an odour barrier. Furthermore, these ice packs are not easy to puncture and have a high tensile strength, durability and chemical resistance. The increased use of eco-friendly ice packs will have a favourable impact on the market and contribute significantly to its expansion throughout the forecast period.

The report provides a detailed overview of the disposable ice packs market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment for disposable ice packs market has been offered for all regional market share, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the disposable ice packs market. These Y-o-Y projections on regional and country-level markets brighten the political, economic and business environment outlook, which are anticipated to have a substantial impact on the growth of the disposable ice packs market. Some key country and region included in the disposable ice packs market report as follows:

North America (U.S., Canada)

Latin America (Mexico, Argentina, Brazil, Peru, Chile)

Europe (Germany, France, Italy, U.K., BENELUX, Nordics, Spain, Poland, Russia, CIS)

Asia Pacific (China, ASEAN, India, Japan, South Korea)

Oceania (Australia, New Zealand)

Middle East and Africa (South Africa, GCC Countries, Turkey, Israel, Iran)

The Disposable Ice Packs Market Research Report Covers In-depth Analysis on:

·         Disposable ice packs market segments

·         Disposable ice packs market dynamics

·         Disposable ice packs market value and share analysis

·         Recent trends, restraints, opportunities in disposable ice packs market

·         Companies & competition involved disposable ice packs market

·         Latest technologies in disposable ice packs market

·         Supply chain and value chain disposable ice packs market

·         Disposable ice packs market sales and distribution strategies

Disposable Ice Packs Market Growth Highlights:

·         A comprehensive overview of parent market

·         Market dynamics, demand and trends in the industry

·         Current, historical and anticipated market size in terms of volume

·         In-depth market segmentation

·         Competition landscape

·         Key strategies of leading companies and product portfolio

·         Disposable ice packs industry trends and developments

·         Potential and country, regions and segments exhibiting future growth

·         A detailed viewpoint on disposable ice packs market forecast by countries

·         Essential information to enhance market position