Reusable Icepacks Market 2023-2027
The reusable icepacks market is forecasted to grow by USD 336.19 million during 2022-2027, accelerating at a CAGR of 5.49% during the forecast period. The report on the reusable icepacks market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for packaged food and beverages, growing demand for cold solutions to reduce food wastage in developing countries, and growing demand for reusable ice packs in sports injuries.
Technavio's reusable icepacks market is segmented as below:
- By Product
- Ice/Dry icepacks
- Refrigerant gel-based icepacks
- Chemical based icepacks
- By Application
- Food and beverage
- Medical and healthcare
- Chemicals
- By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the rapid industrialization and economic growth in emerging markets as one of the prime reasons driving the reusable icepacks market growth during the next few years. Also, increasing adoption of environment-friendly ice packs and growing outsourcing of pharmaceutical manufacturing will lead to sizable demand in the market.
The report on the reusable icepacks market covers the following areas:
- Reusable icepacks market sizing
- Reusable icepacks market forecast
- Reusable icepacks market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading reusable icepacks market vendors that include 3M Co., Accurate Manufacturing Inc., Arctic Ice LLC, Bent Grass Concepts, Bunzl Plc, Cardinal Health Inc., CFS Brands LLC, Cold Chain Technologies, Cryopak, Dometic Group AB, Global National Australia Pty Ltd., GVS International, Insulated Products Corp., King Brand Healthcare Products Ltd., Meglio, Navagen Products Pvt. Ltd., Temperatsure LLC, Pitreavie Group, Thermos LLC, and Tourit. Also, the reusable icepacks market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.