Biohazard Bags Market: Current Analysis and Forecast (2022-2028)

The biohazard bags market is expected to register a CAGR of approx. 6% over the period of 2022-2028. The term "biohazard bag" refers to a plastic or paper bag that is used to collect and transport infectious and biohazardous waste to another location, like a lab, for proper management and disposal. Blood, fabric, bullets, and other evidence samples cannot be analyzed immediately. The growing demand for biohazard bags can be attributed to the rise in the volume of diagnostic and lab testing samples across the globe. Thus rise in hazardous lab waste boosts the growth of the market. For instance, according to the WHO, in 2018, the total amount of waste generated by healthcare activities, about 85% is general, non-hazardous waste. The remaining 15% is considered hazardous material that may be infectious, toxic, or radioactive. Owing to the glaring statistics rise in the toxic waste due to the growing patient population across the globe is leading to the growing demand for biohazard bags and would contribute to the growth of the market in the forthcoming period as well. Furthermore, the biohazard bags market is anticipated to grow on account of the increasing prevalence of diseases worldwide, the adoption of stringent regulatory guidelines for efficient waste management, and the expansion of the healthcare sector. However, some of the restraints in the market including the ban on the usage of plastic along with lack of proper training for disposal of medical waste are impeding the growth of this market all over the world.

Bel-Art SP Scienceware, Dynalon, Heathrow Scientific, Thermo Fisher Scientific Corporation, MiniGrip, Tufpak Inc, Cole-Parmer Instrument Company, BWS Incorporated, Abdos Labtech Pvt.Ltd., DELUXE SCIENTIFIC SURGICO PVT. LTD are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst capacity types, the less than 15 gallons category accounted for the significant share in the market in 2020"

Based on the capacity types, the biohazard bags market is segmented into less than 15 gallons, 16 gallons- 30 gallons, and above 30 gallons. The less than 15 gallons segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe owing to the use of biohazard bags for collecting stores, and transporting biohazardous waste. These bags are designed to provide superior strength, puncture and tear resistance, and long-lasting durability. In addition, these bags biohazard capacity bags deliver extreme film strength for tough products like linen, blood products, and materials contaminated with bodily fluids.

Amongst material types, the LDPE category accounted for a significant share in the market in 2020"

Based on material type, the market is fragmented into polypropylene, polyethylene, plastics, LDPE, high-demand polyethylene, and others. The LDPE segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Further, HDPE has heat resistance and ability to resist tear and wear, and it is expected to grow with the highest CAGR during the forecasted period.

Amongst application types, the sharps category accounted for a significant share in the market in 2020"

Based on application, the market is fragmented into highly infectious, other Infectious, sharps, chemical and pharmaceutical, general healthcare waste, and others. The sharps segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period owing to the increase in surgeries and patient population across the globe. In addition, sharp waste is expected to increase as the volume of patient drug administration and minimally invasive surgical procedures are expected to increase significantly in the future

"Amongst end-users, the hospitals, clinics, and diagnostic laboratories category is expected to witness considerable CAGR during the forecast period"

Based on end-users, the market is fragmented into hospitals, clinics, diagnostic laboratories, pharmaceutical/research laboratories, and others. The hospitals, clinics, and diagnostic laboratories segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. To reduce the danger of infection for patients and healthcare workers, waste must be transported, collected, and kept properly. In Addition, the increasing number of patient in the hospitals are also a major factor in the growth of this segment.

"North America to witness significant growth during the forecast period"

For a better understanding of the market dynamics of the biohazard bags market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America constitutes a major market for the biohazard bags industry owing to the growing geriatric population along with the adoption of innovative medical technology.

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