Global Biohazard Bags Market – Industry Trends and Forecast to 2029

Biohazard Bags Market Analysis and Size

Data Bridge Market Research analyses that the biohazard bags market which was USD 396.60 million in 2021, would rocket up to USD 629.26 million by 2029, and is expected to undergo a CAGR of 5.94% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Biohazard Bags Market Scope and Segmentation     

Market Definition

A biohazard bag is a plastic or paper bag used to gather and carry evidence from a crime or accident scene to another location, such as the lab, where further tests can be performed. Analysis of samples like blood, fabric, bullets, and other items of evidence cannot be done right away.

Biohazard Bags Market Dynamics

Drivers

• Rise in chronic diseases

Increased demand for biohazard bags is anticipated during the forecast period of 2022–2029 as a result of the increasing prevalence of diseases worldwide, the adoption of stringent regulatory guidelines for efficient waste management, the expansion of the healthcare sector, particularly in developing economies, and an increase in the number of hospitals and pathology labs.

• Increase in ageing population

On the other hand, the increased elderly population and the prevalence of better sales channels will further raise a number of opportunities that will fuel the expansion of the biohazard bags market throughout the course of the above mentioned forecast period.

• Increase in demand of biohazardous bags

According to the WHO, each hospital bed creates roughly 200 grammes of hazardous waste daily in low-income nations compared to 500 grammes in high-income countries. Hospitals produce the most biohazardous waste, therefore they should account for a sizable portion of the demand for biohazard bags during the forecast period.

Biohazard bags are becoming increasingly popular in applications involving biohazardous material collection, storage, and transportation. These bags offer exceptional puncture resistance and superlative strength, which is expected to increase their appeal in the market for biohazard bags. Furthermore, during the course of the projection period, the number of hospitals and pathology centres around the world is predicted to expand at a rapid rate, along with their adoption of biohazard bags. These are a few of the market growth drivers that are predicted to be important.

Opportunities

The market is anticipated to rise due to the rapidly expanding usage of bio-hazard bags in diagnostic and lab testing samples and increased use in nursing homes, hospitals, and long-term care institutions. As a result, the market has several prospects for expansion. Furthermore, with the globally expanding e-commerce sales channel, biohazard bags are now more widely available. As a result, the market for biohazard bags will continue to rise during the projected period.

Restraints/Challenges

Ban on the usage of plastic along with lack of proper training for disposal of medical waste will restrict the biohazard bags market growth in the above mentioned forecast period.

This biohazard bags market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the biohazard bags market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Biohazard Bags Market

Nearly every industry has been impacted by COVID-19, a really unprecedented worldwide public health emergency, and the long-term impacts are expected to impact industry growth throughout the forecast period. Clinics and medical laboratories in the healthcare sector are acting seriously to stop the spread of the corona virus as a result of the coronavirus outbreak. As a result, the need for biohazard bags is growing, which will spur the expansion of the worldwide biohazard bags market throughout the course of the forecast period.

Recent Development

• in February 2021, The Justrite Safety Group, based in Illinois, USA, introduced a new line of poly waste container bags. These bags are designed to identify biohazard and infectious linen medical waste and would be offered in two colors- red for biohazard material handling and yellow for infectious linen. Additionally, it is projected that the expanding urbanisation in emerging nations and the growing burden of biomedical waste will catalyse the market demand throughout the projection period.

Global Biohazard Bags Market Scope

The biohazard bags market is segmented on the basis of capacity type, price type, material type, sales channel, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Capacity Type

• Less Than 15 Gallon
• 16 Gallon-30 Gallon
• Above 30 Gallon

Price Type

• Premium
• Medium
• Low

Material Type

• HDPE (High-Density Polyethylene)
• High Molecular Weight HDPE
• LDPE (Low-Density Polyethylene)
• LLDPE (Linear Low-Density Polyethylene)
• Polymer
• Plastic
• PP (Polypropylene)
• Others

Sales Channel

• Modern Trade Channels
• Third Party Online channels
• Direct to Customer Online Channels
• Wholesaler/Suppliers
• Local Retailer

End Use

• Commercial
• Industrial
• Residential

Application

• Highly infectious
• Other Infectious
• Sharps
• Chemical and Pharmaceutical
• General Healthcare Waste
• Others

Biohazard Bags Market Regional Analysis/Insights

The biohazard bags market is analysed and market size insights and trends are provided by country, capacity type, price type, material type, sales channel, application and end user as referenced above.

The countries covered in the biohazard bags market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the biohazard bags market due to the growing number of geriatric population along with adoption of innovative medical technology.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the surging volume of patients along with prevalence of bags manufacturer and growing number of hospital beds in India and China, while Middle East and Africa is expected to grow at the highest growth rate in the forecast period of 2020 to 2027 due to the growing occurrences of fatal epidemic and rising population.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Biohazard Bags Market Share Analysis

The biohazard bags market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to biohazard bags market.

Some of the major players operating in the biohazard bags market are:

• BWS Incorporated (U.S.)
• Daniels Sharpsmart Inc. (U.S.)
• Stericycle Inc. (U.S.)
• Abdos Labtech Private Limited (India)
• Transcendia (U.S.)
• DESCO Medica (India)
• Thermo Fisher Scientific Inc. (U.S.)
• Veolia (France)
• SUEZ Australia Holding Pty Ltd (Australia)
• Bel-Art Products (U.S.)
• International Plastics Inc. (U.S.)
• Cole-Parmer Instrument Company, LLC (U.S.)
• Minigrip (U.S.)
• TUFPAK, INC. (U.S.)
• Dynalab Corp. (U.S.)
• Champion Plastics Private Limited (U.S.)
• Dana Poly Inc. (U.S.)
• International Plastics Inc. (U.S.)
• Rutan Poly Industries Inc. (U.S.)

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