Biohazard Bags Market: Current Analysis and Forecast (2022-2028)
Description
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, and hence they are transported using the biohazard bags. 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, among the total amount of waste generated by healthcare activities, about 85% belongs to general and 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.
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, and hence they are transported using the biohazard bags. 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, among the total amount of waste generated by healthcare activities, about 85% belongs to general and 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.
- 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.
- 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.
- 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.
- 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.
- For a better understanding of the market adoption of biohazard bags, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. 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.
- Some of the major players operating 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. among others. Several M&A’s along with partnerships have been undertaken by these players.
Table of Contents
165 Pages
- 1 MARKET INTRODUCTION
- 1.1. Market Definitions
- 1.2. Limitation
- 1.3. Stakeholders
- 1.4. Currency used in Report
- 2 RESEARCH METHODOLOGY OR ASSUMPTION
- 2.1. Research Process of the Biohazard Bags Market
- 2.2. Research Methodology of the Biohazard Bags Market
- 2.3. Forecasting Method
- 2.4. Respondent Profile
- 2.5. Main Objective of the Biohazard Bags Market Study
- 3 MARKET SYNOPSIS
- 4 EXECUTIVE SUMMARY
- 5 IMPACT OF COVID-19 ON THE BIOHAZARD BAGS MARKET
- 6 GLOBAL BIOHAZARD BAGS MARKET REVENUE (USD BN), 2019-2027F
- 7 MARKET INSIGHTS BY CAPACITY TYPE
- 7.1. Less Than 15 Gallon
- 7.2. 16 Gallon-30 Gallon
- 7.3. Above 30 Gallon
- 8 MARKET INSIGHTS BY MATERIAL TYPE
- 8.1. Polypropylene
- 8.2. Polyethylene
- 8.3. Plastic
- 8.4. LDPE (Low-Density Polyethylene
- 8.5. High demand polyethylene
- 8.6. Other
- 9 MARKET INSIGHTS BY APPLICATION
- 9.1. Highly infectious
- 9.2. Other Infectious
- 9.3. Sharps
- 9.4. Chemical and Pharmaceutical
- 9.5. General Healthcare Waste
- 9.6. Others
- 10 MARKET INSIGHTS BY END-USERS
- 10.1. Hospitals, Clinics, Diagnostic Laboratories
- 10.2. Pharmaceutical/Research Laboratories
- 10.3. Others
- 11 MARKET INSIGHTS BY REGION
- 11.1 NORTH AMERICA BIOHAZARD BAGS MARKET
- 11.1.1. The U.S.
- 11.1.2. Canada
- 11.1.3. Rest of North America
- 11.2 EUROPE BIOHAZARD BAGS MARKET
- 11.2.1. Germany
- 11.2.2. The U.K.
- 11.2.3. France
- 11.2.4. Italy
- 11.2.5. Spain
- 11.2.6. Rest of Europe
- 11.3 ASIA PACIFIC BIOHAZARD BAGS MARKET
- 11.3.1. China
- 11.3.2. Japan
- 11.3.3. Australia
- 11.3.4. India
- 11.3.5. Rest of Asia-Pacific
- 11.4 REST OF THE WORLD BIOHAZARD BAGS MARKET
- 12 BIOHAZARD BAGS MARKET DYNAMICS
- 12.1 Market Drivers
- 12.2 Market Challenges
- 12.3 Impact Analysis
- 13 BIOHAZARD BAGS MARKET OPPORTUNITIES
- 14 BIOHAZARD BAGS MARKET TRENDS & INSIGHTS
- 15 DEMAND AND SUPPLY SIDE ANALYSIS
- 15.1 Demand Side Analysis
- 15.2 Supply Side Analysis
- 16 VALUE CHAIN ANALYSIS
- 17 COMPETITIVE SCENARIO
- 17.1. Competitive Landscape
- 17.1.1 Porter’s Five forces analysis
- 18 COMPANY PROFILED
- 18.1. Bel-Art SP Scienceware
- 18.2. Dynalon
- 18.3. Heathrow Scientific
- 18.4. Thermo Fisher Scientific Corporation
- 18.5. MiniGrip
- 18.6. Tufpak Inc
- 18.7. Cole-Parmer Instrument Company
- 18.8. BWS Incorporated
- 18.9. Abdos Labtech Pvt.Ltd.
- 18.10. DELUXE SCIENTIFIC SURGICO PVT. LTD.
- 19 DISCLAIMER
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