Global Gel Ice Pack Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope

A gel ice pack is a portable, reusable container filled with a gel substance that remains flexible when frozen. It is used for therapeutic cold therapy to reduce pain, inflammation, and swelling by applying controlled cooling to injured or sore areas of the body. Gel ice packs are used in first aid kits, medical settings, and for home remedies.

Sizing and Forecast

The gel ice pack market size has grown rapidly in recent years. It will grow from $10.66 billion in 2023 to $12.5 billion in 2024 at a compound annual growth rate (CAGR) of 17.2%. The growth in the historic period can be attributed to increasing efforts in educating consumers, growing number of clinical trials to validate the efficacy, higher rates of road accidents, rising popularity of fitness activities, and increasing investments in research and development.

The gel ice pack market size is expected to see rapid growth in the next few years. It will grow to $23.7 billion in 2028 at a compound annual growth rate (CAGR) of 17.4 The growth in the forecast period can be attributed to rising consumer awareness about health and wellness, efforts to reduce manufacturing costs, strengthening distribution networks, expansion of online retail platforms, and expansion of medical tourism. Major trends in the forecast period include hybrid packs, nanotechnology Integration, biodegradable gel packs, integrating antimicrobial properties into gel materials, and implementing carbon-neutral production processes.

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Segmentation & Regional Insights

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

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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Major Driver Impacting Market Growth

The increasing use of ice packs in chronic pain is expected to propel the growth of the gel ice packs market going forward. Chronic pain cases are increasing due to factors such as an aging population, sedentary lifestyles, obesity, and the rising prevalence of conditions like arthritis and diabetes. Gel ice packs are useful in managing chronic pain by reducing inflammation, numbing painful areas, and alleviating discomfort through localized cooling therapy. For instance, in the April 2023, Center for Disease Control and Prevention (CDC), a US-based national public health agency, during 2021, approximately 20.9% of U.S. adults (51.6 million people) reported experiencing chronic pain, and 6.9% (17.1 million people) experienced high-impact chronic pain, which significantly limits daily activities. Therefore, increasing use of ice packs in chronic pain is driving the growth of the gel ice packs market.

Key Industry Players

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

The gel ice pack market report table of contents includes:

1. Executive Summary
2. Gel Ice Pack Market Characteristics
3. Gel Ice Pack Market Trends And Strategies
4. Gel Ice Pack Market – Macro Economic Scenario
5. Global Gel Ice Pack Market Size and Growth
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32. Global Gel Ice Pack Market Competitive Benchmarking
33. Global Gel Ice Pack Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Gel Ice Pack Market
35. Gel Ice Pack Market Future Outlook and Potential Analysis
36. Appendix

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