Reusable icepacks market is anticipated to grow at CAGR of 8.5% percent during a forecast period of year 2021-2029. Reusable icepacks are used for physiotherapy in medical industry, menstrual cramps, pain relief, athletic injury, shipment of foods, pharmaceutical industry for maintaining temperature, which are growth boosters for this market. Reusable icepack has variety of features and large applications are propelling the market of reusable icepacks in various industries. Lightweight, easy to use, non-toxic, easy to transport, product longevity etc. are the features of reusable icepacks.
Factor like increasing endorsement of environmental friendly icepacks is one of the key factors triggering the growth of market. Environmental friendly icepacks are made from bioplastics. Bioplastic is prepared from corn, wheat and sugarcane is eco-friendly. So, advent of bioplastic will have positive impact on global reusable icepacks market that will boost market growth in forecast period. The product segment of reusable icepack market dry/ice icepack has largest demand in market and ultimately it will add growth to the market.
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Reusable ice pack manufacturers are engaged in developing new and better ice packs for efficient, flexible and safe applications. Most commonly used composition is the mixture of water and ammonium nitrate fertilizer that provides a temperature drop of approximately 35° Fahrenheit for a lasting period of 10 to 15 minutes. However, this composition is toxic and cannot be used for applications such as food preservation. Companies trying new chemical compositions in order to overcome the aforementioned issue by developing ice packs with more stable and non-toxic chemicals which are capable of maintaining a required temperature for a longer time. Although there are no direct market challenges for reusable ice packs, however, there are factors that can pose a roadblock to the growth of reusable ice packs market. Most of the chemical compositions used in reusable ice packs such as Ammonium Nitrate, Urea, Sodium Polyacrylate, Silica Gel and Diethylene Glycol are toxic in nature and cannot be used for various applications such as open wound treatment and food preservations. Limitation of safe and effective cooling medium can act as a major challenge for overall market growth. However, growing demand for reusable ice packs from emerging and developing economies serves as opportunity for the market during the forecast period.
Key market players in the global reusable icepacks market include King Brand Healthcare Products, Techniice USA, Lloyds Pharmacy Limited, Cardinal Health, S.E.A. Olympus Marketing Inc, 3M Company and Microban Products Company.
The Global Reusable Icepacks Market is Segmented into:
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*Complete segmentation list is on report page
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