Biohazard Bags Market Size Worth $789.44 Million By 2032 | CAGR: 6.9%

The global biohazard bags market size is expected to reach USD 789.44 million by 2032, according to a new study by Polaris Market Research. The report “Biohazard Bags Market Share, Size, Trends, Industry Analysis Report, By Material Type (Polypropylene, Polyethylene, Cellophane, Others); By Application; By End User; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growth of the biohazard bags market is highly influenced by rising waste at the global level, specifically from the healthcare industry, which requires resilient bags for waste management procedures such as recycling and other disposal activities. Based on the estimation of the World Health Organization, approximately 16 Million injections are instilled in the world but lack proper disposal. The growing efforts taken by nations to effectively manage healthcare waste are anticipated to show a positive outlook on the global biohazard bag market in the coming years.

Furthermore, the recent COVID-19 outbreak led to a higher number of admissions to hospitals and other healthcare institutions, causing a significant need for the management of waste management equipment. The higher transmittance of viruses from one person to another heightened the importance of biohazard bags in the marketplace, along with the significant uptick in healthcare expenditure. 

For instance, according to the Centres for Medicare and Medicaid Services, the United States health expenditure increased to 17.7% of GDP after the pandemic from 6.9% in 1970 and 2019. Research indicates that clinical waste is causing the United States to spend 5.4–15.7% of the national health expenditure, showcasing the financial impact of healthcare waste. Thus, the significant uptick in waste management is likely to enhance the demand potential for biohazard bags in the global market.

The increasing number of patients facing chronic and infectious health conditions in the marketplace is likely to stimulate the need for biohazard bags in the foreseeable future. According to the World Health Organization, around 15% of the waste generated in healthcare is hazardous due to its radioactive, toxic, and infectious content.

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The growing awareness programs on the effects of biohazard health waste among the population and rising concerns about environmental pollution are likely to stimulate the adoption of biohazard bags in the healthcare industry. These bags are used to carry medical waste, including pathological, microbial, and pharmaceutical waste, for further disposal activities, which are utilized to segregate and manage waste prosperously. The ongoing circular economy initiatives are expected to drive optimal growth of biohazard bags throughout the forecast period.

Biohazard Bags Market Report Highlights

• The polyethylene segment is anticipated to witness the highest growth in the coming years, primarily attributable to its superior chemical resistance power.
• Healthcare waste segment accounted for the largest market share owing to the rising waste generation in hospitals and pharmaceutical companies.
• The pharmaceutical and biopharmaceutical segment is projected to experience a larger revenue share due to the rising healthcare research activities.
• Asia Pacific is expected to register the fastest growth during the study period, attributable to the increasing incidence of health problems in the population.
• The global players include Abdos Labtech Pvt. Ltd., American Plastics Co., BioMedical Waste Solutions LLC, Champion Plastics, & Medline Industries, Inc.

Polaris Market Research has segmented the biohazard bags market report based on material type, application, end-user, and region:

Biohazard Bags, Material Type Outlook (Revenue - USD Million, 2019 - 2032)

• Polypropylene
• Polyethylene
• Cellophane
• Others

Biohazard Bags, Application Outlook (Revenue - USD Million, 2019 - 2032)

• Infections
• Healthcare Waste
• Chemical & Pharmaceutical
• Other Applications

Biohazard Bags, End User Outlook (Revenue - USD Million, 2019 - 2032)

• Hospitals
• Clinics, & Diagnostic Laboratories
• Home & Ambulatory Care
• Pharmaceutical & Biopharmaceutical Industries
• Others

Biohazard Bags, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Biohazard Bags Market Report Scope