Biohazard Bags Market - Forecast(2024 - 2030)

Report Code: HCR 1548 Report Format: PDF + Excel

Biohazard Bags Market Overview:

Biohazard Bags Market size is estimated to reach $719 Million by 2030, growing at a CAGR of 7.3% during the forecast period 2023-2030. Increasing demand for healthcare services and growing emphasis on sustainability are propelling the Biohazard Bags Market growth.
 
Additionally, stringent government regulations are driving the market forward. Governments worldwide are implementing regulations and guidelines to manage the safe handling and disposal of biohazardous waste. Moreover, OSHA (Occupational Safety and Health Act) has dictated measures for discarding regulated medical-waste items. These measures are designed to protect the workers who generate medical waste and who manage the waste from point of generation to disposal.These factors positively influence the Biohazard Bags industry outlook during the forecast period.

Market Snapshot:

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.
 
Attribute Segment

By Material

  • Polypropylene

  • Polyethylene

  • Others

By Category

  • Specimen Transport 

  • Waste Disposal 

  • Others

By Capacity

  • Low capacity (Below 11 gallons) 

  •  Medium capacity (11-30 gallons) 

  • Large capacity (Above 30 gallons)

By Application

  • Animal Waste 

  • Cultures and Stocks

  • Human pathological waste

  • Pharmaceutical waste 

  • General Healthcare Waste

  • Others

By End-Use

  • Hospitals & Diagnostics Labs

  • Pharmaceutical & Biopharmaceuticals 

  • Municipal and Government Entities

  • Others

By Sales Channel

  • Online Channel 

  • Offline Stores

 
COVID-19 / Ukraine Crisis - Impact Analysis:
 
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 resulted 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.

Key Takeaways:

Fastest growth in Asia Pacific region due to rising awareness of infection control
 
Geographically, in the global Biohazard Bags market share, Asia Pacific region is analysed to grow with the highest CAGR of 7.3% during the forecast period 2023-2030. With the increasing awareness of healthcare-associated infections (HAIs) and the importance of infection control, healthcare facilities and professionals in the Asia Pacific region are prioritizing proper waste management practices. Initiatives such as JSIPC in Japan, "Clean Hands Save Lives" in Singapore help in tackling the disposal problem of the biohazard materials.
 
Polypropylene Bags capture the largest market
 
According to the Biohazard Market forecast, Polypropylene bags has led the market with a market valuation of $219 Million in 2022.Polypropylene exhibits exceptional chemical resistance, making it highly suitable for the containment of various biohazardous materials. It can withstand exposure to a wide range of chemicals, including acids, bases, and solvents commonly found in medical and laboratory settings. This is the key reason for the wide adoption of polypropylene bags.
 
Growing emphasis on infection control
 
In recent years, there has been a growing emphasis on infection control in the healthcare industry.One key driver of this trend is the increasing prevalence of infectious diseases such as COVID-19, HIV/AIDS, and hepatitis. These diseases are highly contagious and can be transmitted through contact with infected bodily fluids, making proper disposal of medical waste, including biohazard bags, crucial to infection control efforts.For example the "Red Z Solidifier" by Safetec of America, is a product designed to help dispose of medical waste, including biohazardous fluids, safely and effectively.
 
Regulations vary according to region, posing a market hindrance
 
The biohazard bags market is subject to various regulations related to medical waste disposal and infection control. However, these regulations can be complex
 
and vary by region, which can create challenges for companies in the biohazard bags market. Companies need to ensure that their products meet the regulatory requirements in the regions where they are sold, which may involve different testing and certification requirements. Non-compliance with regulatory requirements can also result in significant penalties and legal liabilities for companies, which can impact their reputation and financial performance.
 
Biohazard Bags Market Share (%) By Region, 2022
 
 
Key Market Players:
 
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Biohazard Bags Market. The top 10 companies in this industry are listed below:
  1. Stericycle, Inc.

  2. Fisher Scientific 

  3. Sharps Compliance, Inc. 

  4. Daniels Health 

  5. Heathrow Scientific

  6. Medline Industries, Inc

  7. Dynarex Corporation

  8. ZIP-PAK

  9. De Healthcare 

  10. Tufpak, Inc..

 
Report Metric Details

Base Year Considered

2022

Forecast Period

2023–2030

CAGR

7.3%

Market Size in 2030

$ 719 Million

Segments Covered

Material Type, Capacity,Category, Applicaiton, End Use, Sales Channel and Region

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

  1. Stericycle, Inc.

  2. Fisher Scientific 

  3. Sharps Compliance, Inc. 

  4. Daniels Health 

  5. Heathrow Scientific

  6. Medline Industries, Inc

  7. Dynarex Corporation

  8. ZIP-PAK

  9. De Healthcare 

  10. Tufpak, Inc..

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 1. Biohazard Bags Market - Overview
    1.1. Definitions and Scope
 2. Biohazard Bags Market - Executive Summary
 3. Biohazard Bags Market - Comparative Analysis
    3.1. Company Benchmarking - Key Companies
    3.2. Global Financial Analysis - Key Companies
    3.3. Market Share Analysis - Key Companies
    3.4. Patent Analysis
    3.5. Pricing Analysis
 4. Biohazard Bags Market - Start-up Companies Scenario
    4.1. Key Start-up Company Analysis by
        4.1.1. Investment
        4.1.2. Revenue
        4.1.3. Venture Capital and Funding Scenario
 5. Biohazard Bags Market – Market Entry Scenario Premium 
    5.1. Regulatory Framework Overview
    5.2. New Business and Ease of Doing Business Index
    5.3. Case Studies of Successful Ventures
 6. Biohazard Bags Market - Forces
    6.1. Market Drivers
    6.2. Market Constraints
    6.3. Market Challenges
    6.4. Porter's Five Force Model
        6.4.1. Bargaining Power of Suppliers
        6.4.2. Bargaining Powers of Customers
        6.4.3. Threat of New Entrants
        6.4.4. Rivalry Among Existing Players
        6.4.5. Threat of Substitutes
 7. Biohazard Bags Market – Strategic Analysis
    7.1. Value Chain Analysis
    7.2. Opportunities Analysis
    7.3. Market Life Cycle 
 8. Biohazard Bags Market – by Material (Market Share – $Million/$Billion)
    8.1. Polypropylene
    8.2. Polyethylene
    8.3. Others
 9. Biohazard Bags Market – by Capacity (Market Share – $Million/$Billion)
    9.1. Low capacity (Below 12 gallons)
    9.2. Medium capacity (12-30 gallons)
    9.3. Large capacity (Above 30 gallons)
 10. Biohazard Bags Market – by Category (Market Share – $Million/$Billion)
    10.1. Waste Disposal
    10.2. Specimen Transport
    10.3. Others
 11. Biohazard Bags Market – by Application (Market Share – $Million/$Billion)
    11.1  Animal Waste
    11.2. Cultures and Stocks
    11.3. Human pathological waste
    11.4. Pharmaceutical waste
    11.5. General Healthcare Waste
    11.6. Others
 12. Biohazard Bags Market – by End Use Industry(Market Share – $Million/$Billion)
    12.1. Hospitals & Diagnostics Labs
    12.2. Pharmaceutical & Biopharmaceuticals
    12.3. Municipal and Government Entities
    12.4. Others
 13. Biohazard Bags Market – by Sales Channel(Market Share – $Million/$Billion)
    13.1. Online Channel
    13.2. Offline Stores
 14. Biohazard Bags Market – by Geography (Market Share – $Million/$Billion)
    14.1. North America
        14.1.1. The U.S.
        14.1.2. Canada
        14.1.3. Mexico
    14.2. Europe
        14.2.1. UK
        14.2.2. Germany
        14.2.3. France
        14.2.4. Italy
        14.2.5. Spain
        14.2.6. Russia
        14.2.7. Rest of Europe
    14.3. Asia-Pacific
        14.3.1. China
        14.3.2. India
        14.3.3. Japan
        14.3.4. South Korea
        14.3.5. Australia & New Zealand
        14.3.6. Rest of Asia-Pacific
    14.4. South America
        14.4.1. Brazil
        14.4.2. Argentina
        14.4.3. Chile
        14.4.4. Colombia
        14.4.5. Rest of South America
    14.5. Rest of the World
        14.5.1. Middle East
        14.5.2. Africa
 15. Biohazard Bags Market – Entropy
    15.1. New product launches
    15.2. M&A's, collaborations, JVs and partnerships
 16. Biohazard Bags Market – Industry/Segment Competition Landscape
    16.1. Market Share Analysis
        16.1.1. Market Share by Motor Power – Key Companies
        16.1.2. Market Share by Region – Key Companies
        16.1.3. Market Share by Country – Key Companies
    16.2. Competition Matrix
    16.3. Best Practices for Companies
 17. Biohazard Bags Market – Key Company List by Country Premium
 18. Biohazard Bags Market - Company Analysis
        18.1. Stericycle, Inc.
        18.2. Fisher Scientific
        18.3. Sharps Compliance, Inc.
        18.4. Daniels Health
        18.5. Heathrow Scientific
        18.6. Medline Industries, Inc.
        18.7. Dynarex Corporation
        18.8. ZIP-PAK
        18.9. De Healthcare
        18.10. Tufpak, Inc..
 
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Biohazard Bags Market is projected to grow at 7.3% CAGR during the forecast period 2023-2030.

Biohazard Bags Market size is estimated to be $411 billion in 2023 and is projected to reach $719 billion by 2030.

Top Companies in the Biohazard Bags Market are Stericycle, Inc., Fisher Scientific, Sharps Compliance, Inc., Daniels Health, De Healthcare and others.

New designs and Smart biohazard bags and usage of sustainable and eco-friendly materials are some of the major Biohazard Bags Market trends in the industry which will create growth opportunities for the market during the forecast period

Increasing demand for healthcare services and growing emphasis on sustainability are the driving factors of the market.