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Biohazard bags market to accrue appreciable gains by 2026

Author : Ronak Bora | Published Date : 2020-09-03 

Biohazard Bags Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Rising awareness pertaining to effective handling of medical waste may fuel the adoption of biohazard bags. Biohazard bags are commonly used in medical sector to collect and dispose of infectious wastes including chemical substances, toxic materials, blood products, heavy metals, used syringes, and many others.

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Imposition of strict regulatory guidelines for hygiene practices in medical settings will encourage the adoption of these bags. Moreover, growing focus on ensuring safety of healthcare professionals and patients may bolster product deployment.

Medical waste can be described as undesirable biological material that could be highly infectious in nature. It is supposed to be disposed of properly as it poses various health and environmental hazards. An escalating demand for medical products in hospitals and clinics due to the current COVID-19 outbreak will augment the industry growth in the coming years. Estimates suggests that global biohazard bags market size will exceed USD 450 million in annual valuation by 2026.

Plastic material is known for its resistance properties from many harsh chemicals and its durability. These traits make the material ideal for making biohazard bags. These bags made from plastic material are generally thicker that allows a sufficient amount of medical waste to be stored.

In addition, plastic biohazard bags can be used to carry all types of medical waste including chemotherapy waste, infectious waste and biohazard waste. Moreover, large scale usage of recyclable plastic material may boost the product demand. Plastic biohazard bags will witness demand growth at over 8.5% over 2020-2026.

Increasing amount of medical waste from pharmaceutical and biotech companies due to large number of medical experiments and clinical trials is fueling the demand for biohazard bags. Waste generated from pharmaceutical and biotech companies include expired, unused, contaminated, infected pharmaceutical products as well as waste generated while manufacturing drugs and vaccines.

In 2019, pharmaceutical and biotech segment held 9% of the biohazard market share. Growing focus on effective hazardous waste management will favor the business growth for global players.

Demand for biohazard bags from countries such as India, China and others is stemming from inadequate medical waste treatment facilities. However, various government organizations in these countries or working on better management of medical wastes. For instance, the CPCB (Central Pollution Control Board) has released guidelines for effective handling of medical waste during recent COVID-19 outbreak. 

Strict regulatory measures may foster the adoption of biohazard bags across developing countries. In 2019, India biohazard bags market accounted for around 10% of the global share and is likely to gain major traction through 2026. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/biohazard-bags-market

Partial Chapter of the Table of Content 

Chapter 4. Biohazard Bags Market, By Capacity Type

4.1. Key segment trends

4.2. Less than 15 gallon

4.2.1.  Market size, by region, 2015 – 2026

4.3. 15 to 35 gallon

4.3.1.  Market size, by region, 2015 – 2026

4.4. More than 35 gallon

4.4.1.  Market size, by region, 2015 – 202

Chapter 5. Biohazard Bags Market, By Material Type

5.1. Key segment trends

5.2. Polypropylene

5.2.1.  Market size, by region, 2015 – 2026

5.3. Polyethylene

5.3.1.  Market size, by region, 2015 – 2026

5.4. Plastic

5.4.1.  Market size, by region, 2015 – 2026

5.5. High-density polyethylene

5.5.1.  Market size, by region, 2015 – 2026

5.6. Others

5.6.1.  Market size, by region, 2015 – 2026

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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