Market Size of Biohazard Bags Industry
| 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 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 Size Summary
The biohazard bags market is poised for growth, driven by increased awareness and government initiatives aimed at managing biomedical waste effectively. The COVID-19 pandemic underscored the critical need for efficient biomedical waste management, significantly boosting the demand for biohazard bags. This demand is further supported by the rising number of hospital beds in developing countries and the increased flow of samples in diagnostic labs. Government efforts, such as projects by the United Nations Development Programme and revised plastic waste management rules, are expected to propel the market forward. These initiatives emphasize the importance of proper disposal of biohazardous waste in healthcare settings, including hospitals, dentist clinics, and diagnostic labs, thereby enhancing the utility of biohazard bags.
North America is anticipated to hold a significant share of the biohazard bags market, largely due to the high prevalence of infectious and chronic diseases, such as cancer, which generates hazardous waste. The region's strong presence of industry players and strategic initiatives, like increased production of biohazard transport bags, further contribute to market growth. The market is characterized by fragmentation, with several key players like Thermo Fisher Scientific and Merck KGaA leading in market share. Despite the presence of alternative options, the ongoing demand for safe and effective biomedical waste management solutions is expected to sustain the market's expansion during the forecast period.
Biohazard Bags Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increased Flow of Samples in Diagnostic Labs
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1.2.2 Growing Number of Hospital Beds in Developing Countries
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1.3 Market Restraints
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1.3.1 Presence of Alternatives
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD)
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2.1 By Product Material
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2.1.1 LDPE
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2.1.2 HDPE
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2.1.3 Cellophane
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2.1.4 Polypropylene
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2.2 By Application
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2.2.1 Infections
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2.2.2 Healthcare Waste
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2.2.3 Chemical & Pharmaceutical
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2.2.4 Other Applications
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2.3 By End User
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2.3.1 Hospitals
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2.3.2 Diagnostic Laboratories
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2.3.3 Other End Users
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 South Korea
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Middle East and Africa
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2.4.4.1 GCC
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2.4.4.2 South Africa
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2.4.4.3 Rest of Middle East and Africa
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2.4.5 South America
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2.4.5.1 Brazil
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2.4.5.2 Argentina
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2.4.5.3 Rest of South America
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Biohazard Bags Market Size 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.
