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The disposable icepacks market in North America size is forecast to increase by USD 100.4 million, at a CAGR of 6.91% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The disposable ice packs market in North America continues to evolve, driven by the growing demand for effective cold storage solutions across various sectors. The market is characterized by the ongoing development of innovative insulated packaging technologies, such as polymeric gel packs and biodegradable ice packs. These advanced ice packs offer advantages like extended shelf life, improved temperature monitoring, and reduced environmental impact. For instance, the pharmaceutical sector has seen a significant increase in the adoption of disposable ice packs for temperature-controlled transport of sensitive pharmaceutical products. According to industry reports, the pharmaceutical transport market is projected to grow at a robust rate, reaching a value of over 15% by 2026.
Moreover, the production process of disposable ice packs is undergoing continuous improvements, with a focus on optimizing pack weight, dimensions, and shipping container design for enhanced energy efficiency and cost optimization. The use of phase change materials, such as eutectic mixtures, in insulated packaging has led to faster heat transfer rates and reduced thaw time. The market for disposable ice packs also prioritizes environmental sustainability, with an increasing trend towards recyclable packaging and non-toxic coolants. This shift is particularly evident in the food industry, where frozen food preservation is a critical application for disposable ice packs. The use of reusable ice packs is also gaining popularity due to their cooling capacity and reduced environmental impact.
In summary, the North American disposable ice packs market is a dynamic and evolving industry, driven by advancements in insulated packaging technologies, increasing demand for temperature-controlled transport, and a growing focus on sustainability. The market is expected to continue expanding, offering significant opportunities for businesses in this sector.
The disposable icepacks in North America industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The dry-ice-based segment is estimated to witness significant growth during the forecast period.
Disposable ice packs, available in various forms such as polymeric gel packs and biodegradable options, are essential components of temperature-controlled supply chains in North America. These packs, which come in different pack weights and dimensions, play a crucial role in preserving the integrity of temperature-sensitive goods, particularly in pharmaceutical transport and frozen food preservation. Cold storage solutions, including insulated packaging and eutectic mixtures, enhance the cooling capacity of these packs, ensuring optimal transport temperature control. Temperature monitoring systems and phase change materials facilitate energy efficiency and extended product shelf life. The production process of these packs involves the use of non-toxic coolants and recyclable packaging materials, minimizing environmental impact.
For instance, a study reveals that the global ice pack market is projected to grow by 5% annually, driven by the increasing demand for temperature-controlled logistics in various industries. Medical ice packs, a significant application of disposable ice packs, require stringent quality standards to ensure patient safety. To address concerns regarding gel pack leakage, manufacturers employ advanced technology and materials, such as heat transfer rate-optimized insulation and biodegradable materials. Additionally, the emergence of reusable ice packs offers cost optimization opportunities while reducing waste. Innovations in packaging design, including improved insulation and thermal conductivity, have led to shorter thaw times and more consistent temperature maintenance.
These advancements are particularly valuable for pharmaceutical transport, where precise temperature control is essential. Moreover, the use of eutectic mixtures and phase change materials enables efficient energy transfer and extended shelf life, further enhancing the value proposition of disposable ice packs.
The Dry-ice-based segment was valued at USD 106.70 million in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 100% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market is experiencing growth, with the US being a significant contributor in 2023. This expansion is primarily driven by the escalating demand from the medical and healthcare sector. In the US, the rising prevalence of sports activities and the fact that approximately 25% of the population suffers from arthritis and sports injuries, are key factors fueling the market's growth. Furthermore, the increasing healthcare spending by the population is also anticipated to boost the market. According to The World Bank Group, the health expenditure per capita based on purchasing power parity (PPP) in the US has significantly increased from USD 12,012.
The market is witnessing innovation in various areas, including cold storage solutions, temperature monitoring, and insulated packaging. For instance, polymeric gel packs and biodegradable ice packs are gaining popularity due to their environmental benefits. In addition, the market is focusing on energy efficiency and cost optimization through the use of phase change materials, recyclable packaging, and shelf life extension. The production process is also undergoing improvements, with a focus on reducing gel pack leakage and enhancing cooling capacity. The market is expected to grow at a substantial rate, with industry experts projecting a rise of over 10% in the next five years.
The market's evolution is harmonious, with stakeholders emphasizing the importance of cold chain logistics, thermal conductivity, thaw time, and storage temperature, among other factors. The market is also exploring the use of non-toxic coolants and reusable ice packs to minimize environmental impact.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market is experiencing significant growth due to the increasing demand for efficient and effective cooling solutions. The design of icepacks plays a crucial role in ensuring product quality, with factors such as insulation material and phase change materials significantly impacting cooling time and performance. The relationship between icepack size and cooling time is also a critical consideration, as larger packs typically offer longer cooling periods but may increase shipping costs due to their weight. Packaging materials used in icepack production also influence their performance. For instance, some materials can improve insulation and extend the cooling duration, while others may increase the risk of freezer burn or reduce the pack's overall effectiveness. Various phase change materials (PCMs) are under investigation for use in icepacks, with each offering unique advantages in terms of cooling capacity, temperature range, and cost-effectiveness. Different manufacturing techniques, such as injection molding and extrusion, are also being compared to optimize production efficiency and reduce costs. Biodegradable icepack alternatives are gaining popularity due to their environmental benefits, and their performance under varying conditions is being evaluated to ensure they meet industry standards. Temperature fluctuations can significantly impact icepack effectiveness, making temperature monitoring systems essential for maintaining consistent cooling. The optimization of icepack design for cold chain applications is a key focus, with the determination of the optimal size for different products and the investigation of reusable icepack technologies also under consideration. The environmental impact of icepack materials is being studied, and cost-effective options are being evaluated to reduce waste and minimize environmental footprint. In addition, the influence of ambient temperature on icepack performance and the investigation of various insulation materials are ongoing areas of research. The cost-effectiveness of different icepack options is also being assessed, with a comparison of various icepack designs for cold chain applications and the evaluation of the impact of icepack weight on shipping costs all important considerations for market growth.
The disposable icepacks market in North America forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the disposable icepacks market in North America report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, disposable icepacks market in North America forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
3M Co. - The ACE brand instant cold pack is a noteworthy innovation in the market for injury relief solutions.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Disposable Icepacks Market in North America insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
139 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.91% |
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Market growth 2024-2028 |
USD 100.4 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.72 |
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Key countries |
US, Canada, Mexico, and North America |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this disposable icepacks market in North America research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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