Global Gel Ice Pack Market Size Forecast 2024-2033
12 Dec, 2024
What Is The Overview Of The Global Gel Ice Pack Market?
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.
Gel Ice Pack Global Market Report 2024 provides data on the global gel ice pack market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The gel ice pack market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global Gel Ice Pack Market Expected To Grow In Size And Annual Rates?
The gel ice pack market has grown rapidly, moving from $10.66 billion in 2023 to $12.5 billion in 2024 at a CAGR of 17.2%. Growth drivers include consumer education efforts, clinical trials validating efficacy, increased road accidents, the popularity of fitness activities, and investments in research and development. The market is expected to reach $23.7 billion by 2028 at a CAGR of 17.4%, spurred by growing health awareness, cost-reduction initiatives, strengthened distribution networks, online retail expansion, and the growth of medical tourism. Major trends include hybrid packs, nanotechnology integration, biodegradable materials, antimicrobial gel materials, and carbon-neutral production processes.
What Main Forces Are Fueling Expansion In The Gel Ice Pack Market?
The rise in chronic pain cases is fueling growth in the gel ice packs market. Chronic pain is becoming more prevalent due to factors such as aging populations, sedentary lifestyles, obesity, and the increased incidence of conditions like arthritis and diabetes. Gel ice packs help manage chronic pain by reducing inflammation, numbing painful areas, and providing localized cooling therapy. For example, the CDC reported in April 2023 that approximately 20.9% of U.S. adults, or 51.6 million people, experienced chronic pain in 2021, with 6.9% or 17.1 million people experiencing high-impact chronic pain that significantly limited daily activities. The increasing use of ice packs for chronic pain management is driving market growth.
Get Your Free Sample of the Global Gel Ice Pack Market ReportWhat Are The Primary Segments In The Global Gel Ice Pack Market?
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
Which Key Trends Are Driving Changes In The Gel Ice Pack Market?
Companies in the gel ice pack market are focusing on environmentally friendly advancements like compostable gel packs to address sustainability concerns. These gel packs naturally decompose, making them ideal for eco-friendly shipping of perishable goods. In August 2022, Pelton Shepherd Industries, a U.S.-based provider of sustainable cold chain solutions, unveiled Terra Ice, the first 100% compostable gel pack made with certified compostable materials. This innovation simplifies disposal processes while promoting environmentally conscious practices in shipping.
What Is The Leading Region In The Gel Ice Pack Market?
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.