The Ice Manufacturing industry consists of companies that manufacture large blocks and small cubes of ice for industrial and commercial use. The industry is small and most manufacturers do not generate significant profit. As a result, some ice manufacturers are single-location operations that function as a unit within the corporate portfolios of major bottled water and soft drink manufacturers. Purchasing bulk packaged ice is typically not very expensive, but it is easy for consumers to substitute purchases of packaged ice by making their own in their refrigerators. Over the five years to 2019, the industry experienced moderate volatility. Over the five years to 2024, the industry is expected to rebound slightly as stable input costs and continued growth in per capita disposable income generate steady growth.
This industry primarily manufactures ice. Companies in the industry freeze water into varying forms of block and cubed ice to be sold in bags. This industry does not include the production of dry ice.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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