LONDON--(BUSINESS WIRE)--The disposable icepacks market size in North America is expected to grow by USD 72.11 million during the period 2020-2024, according to the latest market research report by Technavio. Request a free sample report
Manufacturers in the food and beverage industry prefer environment-friendly or biodegradable food packaging solutions such as disposable icepacks. The demand for disposable icepacks has increased considerably as they offer heat, humidity, and gas resistance, and also provide an aroma barrier. Furthermore, these icepacks cannot be punctured easily and display high tensile strength, durability, and chemical resistance. In addition, the growing preference of consumers for packaged, ready-to-eat, and microwaveable products in the US and Canada is expected to accelerate the growth of disposable icepacks market during the forecast period.
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As per Technavio, increasing adoption of eco-friendly icepacks will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2020-2024.
Disposable Icepacks Market in North America: Increasing Adoption of Eco-Friendly Icepacks
Growing concerns around the rising carbon footprint and environmental degradation has encouraged manufacturers to focus on using biopolymer-based plastics instead of conventional plastics to manufacture disposable icepacks. The growing use of bio-based plastics over petroleum-based resins is anticipated to lead to a significant reduction in volatile emissions and carbon footprint. Furthermore, corporates are also taking initiatives to increase the use of biodegradable packaging for the manufacture of eco-friendly icepacks. Thus, with the increasing demand for eco-friendly icepacks, the disposable icepacks market in North America is expected to witness continuous growth during the forecast period.
“Rising presence of major disposable icepack manufacturers in North America, growing demand in treating sports injuries, and increasing trade of meat products are some other factors that are expected to boost the disposable icepacks market growth in North America during the forecast period”, says a senior analyst at Technavio.
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Disposable Icepacks Market in North America: Segmentation Analysis
This market report segments the disposable icepacks market in North America by application (food and beverage, medical and healthcare, and chemicals), and product (dry-ice based and gel-based) and geography (US, Canada, and Mexico).
The US led the disposable icepacks market share in 2019, followed by Canada and Mexico respectively due to the rising demand from the medical and healthcare sector. In addition, the US is anticipated to contribute the highest incremental growth as many major US-based vendors such as 3M, Cold Chain Technologies, and Cardinal Health are focusing on the launch of advanced and disposable icepacks through online distribution channels.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Geographic comparison
- Key leading countries
- Landscape disruption
- Competitive scenario
- Vendors covered
- Vendor classification
- Market positioning of vendors
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