Biohazard Bags Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 10.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Biohazard Bags Market Analysis
The Biohazard Bags Market is expected to register a CAGR of 10% during the forecast period.
The growth of the market studied is actively affected by the increased flow of samples in diagnostic labs, a growing number of hospital beds in developing countries, and rising awareness regarding hospital waste management. According to the World Health Organization’s (WHO) Corona Virus 2023 dashboard, a total of 13.2 billion vaccine doses had been administered globally as of February 21, 2023, using single-use disposable syringes that contributed to biomedical waste. Thus, the high burden of vaccination indicates the high utility of biohazard bags for the safe disposal and management of such waste worldwide, propelling the market’s growth during the forecast period.
Government initiatives to minimize biomedical waste or biohazardous waste are also driving growth in the market studied. For example, in August 2022, the Government of Japan and the United Nations Development Programme (UNDP) launched a new project to support national health agencies and other key stakeholders in Bangladesh, Bhutan, and the Maldives to address the unprecedented rise in infectious healthcare waste caused by the COVID-19 pandemic that had been overwhelming waste treatment facilities. The two-year USD 11 million project for improving infectious waste management is expected to contribute to the market's growth over the coming years.
The rising awareness and initiatives regarding biohazard waste disposal are also expected to drive market growth. For example, an article published in the Cureus Journal in December 2022 stated that, as per government guidelines, every health facility, whether large medical institutes or small clinics, must ensure appropriate biomedical waste management at their facility level. Therefore, the rising importance of biomedical waste management is expected to propel the utility of biohazard bags in hospitals and clinics.
In conclusion, due to the rising importance and awareness of biomedical waste and government initiatives, the market studied is anticipated to witness growth over the forecast period. However, the presence of alternative options is likely to impede market growth.
Biohazard Bags Market Trends
Hospital Segment Expected to Hold a Significant Market Share Over the Forecast Period
Hospitals are expected to experience significant growth due to the increasing number of patients with infectious and chronic diseases. They are also the largest source of biohazard waste, leading to a high demand for biohazard bags in hospitals.
According to Statistics Canada 2023, there were 1,280 hospitals in Canada as of 2022. Hospital expenditure per capita appears to be the highest in less populated territories. Moreover, according to the American Hospital Association’s data in 2023, there were over 33.7 million hospital admissions across the United States in 2022. Given the high amount of biohazardous waste generated during surgical or diagnostic procedures, the high number of hospitals and community centers is expected to drive the segment’s growth during the forecast period.
Furthermore, many hospitals invite tenders to manage biomedical waste in their facilities. For example, in February 2022, the Regional Institute of Medical Sciences (RIMS), Imphal, India, issued a two-stage bid system inviting proposals from Government e-Marketplace (GeM) registered firms for the supply of hospital biohazard bags or biomedical waste collection bags for use in RIMS Hospital, Imphal. Moreover, all government and private hospitals are responsible for safe and effective biomedical waste management, leading to increased use of biohazard bags in hospitals worldwide and driving the segment’s growth.
Therefore, due to the aforementioned factors, such as the high patient pool in hospitals, the rising number of hospitals worldwide, and the initiatives taken by hospitals to increase the use of biohazard bags, the segment’s growth is expected to continue during the forecast period.
North America Expected to Hold a Significant Market Share in the Forecast Period
North America is expected to hold a significant market share in the biohazard bags industry. This is due to several factors, such as the high patient pool for various infectious and chronic diseases, increased awareness among people and the healthcare industry’s stakeholders about biohazardous waste management, and the strong presence of industry players in the region.
The United States is one of the largest contributors to the biohazard bags market due to the country's high burden of cancer. According to the American Cancer Society's Cancer Statistics 2022, 1,918,030 new cancer cases were predicted to occur in the United States in 2022. The waste produced in cancer centers is particularly dangerous since cancer treatment often involves chemotherapy and radiation therapy, which are hazardous to patients, employees, and visitors. Various medicines and diagnostics also use radioisotopes, which can cause mutations if exposed without protection. As a result, the high burden of cancer in the country is expected to boost the growth of the biohazard bags market during the forecast period.
In addition to the high patient pool, strategic initiatives adopted by market players are also contributing to the growth of the biohazard bags market in the region. For instance, in February 2024, Baxter International announced that it had completed the first phase of its intravenous (IV) bag recycling program pilot and was now expanding the pilot program. Launched in conjunction with Northwestern Medicine in Chicago, the program has since diverted more than six tons (or 12,000 pounds) of polyvinyl chloride (PVC) IV bag waste from landfills to be recycled for use in other non-medical products.
Owing to the abovementioned factors, such as the high patient pool for cancer and rising company initiatives, the growth of the market studied is anticipated to be high in the North American region.
Biohazard Bags Industry Overview
The biohazard bags market is fragmented and consists of numerous significant players. However, a few major players currently dominate the market in terms of market share. These dominant companies include Thermo Fisher Scientific, International Plastics Inc., Harbour Group (SP Bel-Art), Merck KGaA, and Inteplast Group Corporation (Minigrip LLC).
Biohazard Bags Market Leaders
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Thermo Fisher Scientific
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International Plastics Inc
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Merck KGaA
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Inteplast Group Corporation (Minigrip, LLC)
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Harbour Group (SP Bel-Art)
*Disclaimer: Major Players sorted in no particular order
Biohazard Bags Market News
- June 2023: TerraCycle announced the launch of its Zero Waste Bag, a first-of-its-kind solution for consumers to recycle hard-to-recycle rubbish.
- January 2022: South Delhi Municipal Corporation (SDMC) in India established helpline numbers for collecting biomedical waste from the residences of COVID-19 patients.
Biohazard Bags Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increased Flow of Samples in Diagnostic Labs
4.2.2 Growing Number of Hospital Beds in Developing Countries
4.3 Market Restraints
4.3.1 Presence of Alternatives
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD)
5.1 By Product Material
5.1.1 LDPE
5.1.2 HDPE
5.1.3 Cellophane
5.1.4 Polypropylene
5.2 By Application
5.2.1 Infections
5.2.2 Healthcare Waste
5.2.3 Chemical & Pharmaceutical
5.2.4 Other Applications
5.3 By End User
5.3.1 Hospitals
5.3.2 Diagnostic Laboratories
5.3.3 Other End Users
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Harbour Group (SP Bel-Art)
6.1.2 Thermo Fisher Scientific
6.1.3 International Plastics Inc.
6.1.4 Inteplast Group Corporation (Minigrip LLC)
6.1.5 Merck KGaA
6.1.6 Tufpak Inc.
6.1.7 Bionics Scientific Technologies Pvt. Ltd
6.1.8 Transcendia Inc.
6.1.9 Welpack Industries Pvt. Ltd
6.1.10 Champion Plastics
6.1.11 Desco Medical India
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Biohazard Bags Industry Segmentation
As per the scope, biohazard bags are designed to collect biomedical waste. Biomedical waste is any waste such as animal, microbial, pathological waste, and human bodily fluids that need to be disposed of properly.
The biohazard bags market is segmented by product material, application, end user, and geography. By product material, the market is segmented into LDPE, HDPE, cellophane, and polypropylene. By application, the market is segmented into infections, healthcare waste, chemical & pharmaceutical, and other applications. By end user, the market is segmented into hospitals, diagnostic laboratories, and other end users. By geography, the market is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The report also covers the estimated market sizes and trends for 17 countries across major regions globally.
The report offers the market sizes and forecasts in value (USD) for the above segments.
| By Product Material | |
| LDPE | |
| HDPE | |
| Cellophane | |
| Polypropylene |
| By Application | |
| Infections | |
| Healthcare Waste | |
| Chemical & Pharmaceutical | |
| Other Applications |
| By End User | |
| Hospitals | |
| Diagnostic Laboratories | |
| Other End Users |
| Geography | ||||||||
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Biohazard Bags Market Research FAQs
What is the current Biohazard Bags Market size?
The Biohazard Bags Market is projected to register a CAGR of 10% during the forecast period (2024-2029)
Who are the key players in Biohazard Bags Market?
Thermo Fisher Scientific, International Plastics Inc, Merck KGaA, Inteplast Group Corporation (Minigrip, LLC) and Harbour Group (SP Bel-Art) are the major companies operating in the Biohazard Bags Market.
Which is the fastest growing region in Biohazard Bags Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Biohazard Bags Market?
In 2024, the North America accounts for the largest market share in Biohazard Bags Market.
What years does this Biohazard Bags Market cover?
The report covers the Biohazard Bags Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Biohazard Bags Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Biohazard Bags Industry Report
Statistics for the 2024 Biohazard Bags market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Biohazard Bags analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
