Biohazard Bags Market Expected to Reach $679.10 Million by 2030—Allied Market Research

According to a new report published by Allied Market Research, titled, “Biohazard Bags Market." The biohazard bags market was valued at $396.60 million in 2021, and is estimated to reach $679.10 million by 2030, growing at a CAGR of 6.38% from 2022 to 2030.

Waste disposal in biohazard bags is a critical step in maintaining the healthcare safety standards of medical institutions. Medical waste disposal in biohazard bags ensures that infectious waste isn’t exposed to the public and is disinfected or sterilized in a proper manner.

Biohazard waste, also known as infectious or biomedical waste, is any disposed material which contains potentially infectious substances like human bodily fluids, microbiological, pathological, animal waste. Particular care must be given to sharp waste like needles, IV tubes, glass slides, and more. which can cause injury during handling and cause infections. A bag specially designed to collect or dispose of such material from a crime or accident to a laboratory for analysis is a biohazard bag. It prevents contamination of the samples and also keeps the handler of such material safe. These bags are usually of a rugged construction and can have up to three layers of polypropylene or any other plastic polymer. Hospitals account for the largest producers of bio hazardous waste for obvious reasons. Hence it is expected that the bio hazard bags market will record a much higher growth rate in developing than developed countries, since they are rapidly building up infrastructure like hospitals to cater to a growing economy.

Additionally, the governments can be reasonably expected to enforce strict hazard disposal norms to ensure the safety and security of their citizens. Along with this, an aging population in the developed world and strict government regulations regarding medical waste management will continue to ensure a sustained bio hazard bags market growth.

In emerging economies such as India, China, and MEA, there is a general lack of awareness regarding health hazards, lack of training for proper disposal methods, and waste care being operated without authorization under Biomedical Waste Management Rules, which might hamper the global market growth of biohazard bags market.

The increasing demand for plasticizers, eco- friendly, organic esters that can be amplified into polymers to enhance the flexibility and stiffness of the end product through internal polymer morphology alteration, is expected to drive the market growth. The expanding healthcare sector is expected to propel the growth of the plasticizers market in the coming years. Medical product manufacturing companies are increasingly using flexible plasticized PVCs in the production of goods such as blood bags, biohazard containment structures, IV tubing, and many others. Thus, biohazard waste disposal bags market is expected to propel in the future.

The global biohazard bags market share is segmented based on type, material type, end-use, and region. By type, it is classified into less than 15 gallon, 15 to 35 gallon, and more than 35 gallon. By material type, it is classified into polypropylene, polyethylene, plastic, high-density polyethylene, and others. By end- use, it is classified into hospitals, clinics & diagnostic labs, home & ambulatory care, and pharmaceutical & biopharmaceutical industries. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the biohazard bags industry report include International Plastics Inc, SP Bel-Art, Thermo Fisher Scientific, Transcendia, Daniels Health, BioMedical Waste Solutions, LLC. , Stericycle, Abdos Labtech Private Limited, MiniGrip and VEOLIA.

The report offers a comprehensive analysis of the global biohazard bags market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the biohazard bags market size. The report also sheds light on the present scenario and upcoming trends & developments that are contributing to the global biohazard bags market growth. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market.

Impact of COVID-19 on the Global Biohazard Bags Market Industry

• COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period.
• The unexpected COVID-19 outbreak has led to a huge rise in the amount of biological waste, and due to poor medical waste management, this biomedical waste has facilitated other infectious diseases in addition to COVID-19.

Key Findings of the Study

• Based on capacity type, less than 15 gallons market sub-segment emerged as the global leader in 2021 and more is anticipated to be the fastest growing as well as dominating sub-segment during the forecast period.
• Based on material type, polyethylene sub-segment emerged as the global leader in 2021 and segment is predicted to show the fastest growth in the upcoming years. And polypropylene sub-segment is expected to be the dominating in the market during the forecast period.
• Based on end-use, the hospitals sub-segment is predicted to show the fastest growth during the forecast period. 
• Based on region, North America region anticipated to be the dominating in the market during the forecast period.