Biohazard Bags Market Size Worth $719 Million By 2030: IndustryARC

Biohazard Bags Market size is predicted to reach $719 Million by 2030, growing at a CAGR of 7.3% during the forecast period 2023-2030 according to the latest market research report published by IndustryARC.Surging demand for healthcare services and growing emphasis on sustainability to propel the market growth, finds IndustryARC in its recent report , titled “Biohazard Bags Market – By Material [Polypropylene, Polyethylene], By Capacity [ Low Capacity (Below 11 gallons) , Medium Capacity (11-30 gallons) , Large Capacity(Above 30 gallons)], By Category [Specimen transport, Waste Disposal, Others], By Application [Animal Waste, Cultures and Stocks, Human pathological waste, Pharmaceutical waste, General Healthcare Waste, Others], By End Use [Hospitals and Diagnostics Labs, Pharmaceuticals and Biopharmaceuticals, Municipal and Government Entities, Others], By Sales Channel [Online Channel, Offline Stores], By Region and Segment Forecasts, 2023–2030.”

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North America owns the largest market share:

North America has well-established and stringent regulations and standards related to medical waste management and infection control. Government bodies such as the U.S. Environmental Protection Agency (EPA) and the Centers for Disease Control and Prevention (CDC) have implemented guidelines and requirements for the proper handling, containment, and disposal of biohazardous waste.

Additionally, the aging population in this region, afflicted by age-related disorders, drives the growth of the biohazard bags market. An example of this is the high incidence of lower back pain in adult Americans, which contributes to a greater demand for better medical facilities and further fuels market growth during the projected period.

Biohazard Bags Market – Report Coverage:

The “Biohazard Bags Market Report – Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Biohazard Bags Market.

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Biohazard Bags Market Report – Key Takeaways:

Asia-Pacific region is the fastest growing market

According to the market analysis, Asia-Pacific region is expected to grow at a CAGR of 7.3% during the forecast period.Several countries in the Asia-Pacific region, such as India, Indonesia, and Vietnam, are experiencing substantial population growth, urbanization leading to an expanding healthcare sector.In Japan, one of the countries with a rapidly ageing population, the Ministry of Health, Labour and Welfare reported that the percentage of people aged 65 and above reached a record high of 36 in 2023. This trend is prevalent in many countries in this region.

Growing trend of patient population drives this industry

The industry for biohazard bags is significantly fueled by the rising trend in the patient population.According to the World Health Organization (WHO), the global population aged 60 and above is projected to reach 2 billion by 2050, almost doubling from 962 million in 2017. This rapid increase in the elderly population contributes to the rising patient population and subsequent demand for biohazard bags.

Increasing focus on infection control

In the healthcare sector, infection control has received more attention in recent years.The rising incidence of infectious diseases like COVID-19, HIV/AIDS, and hepatitis is an important factor contributing to this trend. The correct disposal of medical waste, including biohazard bags, is essential to infection control measures since these diseases are highly contagious and can be spread through contact with infected bodily fluids.For instance, the “Red Z Solidifier” from Safetec of America is designed to assist with the safe and effective disposal of medical waste, including biohazardous fluids.

Polypropylene emerges as the most popular material for biohazard bags

According to the Biohazard Market forecast, Polypropylene bags has led the market with a market valuation of $219 Million in 2022.A study published in the Journal of Hazardous Materials issued in 2023 found that polypropylene-based biohazard bags exhibited exceptional chemical resistance, withstanding exposure to a wide range of hazardous substances, including corrosive chemicals, acids, and solvents. Their tear/puncture resistance properties prevent accidental exposure to healthcare workers, reducing the risk of infection transmission.

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Key Opportunity Analysis:

Enhanced infection control through anti microbial coatings

Anti Microbial coatings are designed to provide an added layer of protection against microbial contamination and enhance infection control measures. They help reduce the risk of cross-contamination and transmission of infectious agents, safeguarding the health and safety of healthcare workers, waste handlers, and the general public. Some of the leading players such as Cole-Parmer, Clinimed Pharma etc. have a range of products involving anti microbial coatings.

Sustainable and biodegradable solutions positively impact market growth

The development of biohazard bags made from biodegradable and compostable materials can significantly reduce environmental impact. Many regions and governments are implementing regulations and policies to reduce packaging waste and promote sustainable practices. By proactively adopting sustainable packaging solutions, companies can ensure compliance with these regulations and avoid potential penalties or restrictions. This positions them as responsible and forward-thinking players in the market.

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The Report also Covers the Following Areas:

• Biohazard Bags Market Size and Forecast
• Biohazard Bags Market Trends
• Biohazard Bags Market Analysis by Product Type

Biohazard Bags Market 2023-2030: Key Highlights

• CAGR of the market during the forecast period 2023-2030
• Value Chain Analysis of key stake holders
• Detailed analysis of market drivers and opportunities during the forecast period
• Biohazard Bags Market size estimation and forecast
• Analysis and predictions on end users’ behavior and upcoming trends
• Competitive landscape and Vendor market analysis including offerings, developments, and financials
• Comprehensive analysis of challenges and constraints in the Biohazard Bags Market

Covid and Ukrainian Crisis Impact:

• The COVID-19 pandemic has had a significant impact on the biohazard bags market. The pandemic has led to a sharp increase in the generation of medical waste, particularly in healthcare settings where personal protective equipment (PPE) is being used extensively. This has led to a corresponding increase in demand for biohazard bags. For example, some biohazard bags now come with antimicrobial properties or specialized closures to prevent leaks, which can help reduce the risk of infection transmission.

• One potential impact of the Ukraine war was on the supply chain for raw materials and manufacturing. Many companies that produce biohazard bags source their raw materials from countries in the region, including Russia and Ukraine. The conflict and disruption to trade lead to shortages of raw materials and disruption to manufacturing, which could result in higher prices for biohazard bags. For example, according to the International Trade Centre (ITC), in 2019 Russia exported approximately $400 million worth of polyethylene which was a major raw material.
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List of Key Market Players in Biohazard Bags Market:

The Global Biohazard Bags Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:

• Stericycle, Inc.
• Fisher Scientific
• Sharps Compliance, Inc.
• Daniels Health
• Heathrow Scientific
• Medline Industries, Inc.
• Dynarex Corporation
• ZIP-PAK
• De Healthcare
• Tufpak, Inc..

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