Biohazard Bags Market by Application and Geography - Forecast and Analysis 2022-2026

Published: Aug 2022 Pages: 122 SKU: IRTNTR74093

The biohazard bags market share is expected to increase by USD 94.2 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.5%.

This biohazard bags market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers biohazard bags market segmentation by application (hospitals, laboratories and research centers, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The biohazard bags market report also offers information on several market vendors, including Abdos Labtech Pvt. Ltd., American Plastics Co., Antylia Scientific, BioMedical Waste Solutions LLC, Bionics Scientific Technologies Pvt. Ltd., Boen Healthcare Co. Ltd, Champion Plastics, Deluxe Scientific Surgico Pvt. Ltd., GV Health Ltd., Heathrow Scientific LLC, International Plastics Inc., Merck KGaA, New Pig Corp., SP Industries Inc., Spartech LLC, Stericycle Inc., Thermo Fisher Scientific Inc., Transcendia Inc., United States Plastic Corp., and Welpack Industries Pvt. Ltd. among others.

What will the Biohazard Bags Market Size be During the Forecast Period?

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Biohazard Bags Market: Key Drivers, Trends, and Challenges

The increasing number of hospitals and pathology centers is notably driving the biohazard bags market growth, although factors such as lack of awareness associated with medical waste may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the biohazard bags industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Biohazard Bags Market Driver

  • The increasing number of hospitals and pathology centers is one of the key drivers supporting the biohazard bags market growth.
  • There is an increase in the aging population coupled with strict government regulations on the use of biohazard bags by healthcare organizations for patient safety, which will help drive the growth of the global biohazard bags market during the forecast period. 
  • Biohazard bags are widely used in hospital waste management to collect waste and prevent samples from being contaminated by the environment. 
  • According to health standards, biohazard bags are individually labeled, colored, and marked for different types of hospital waste. For example, for infectious waste collection, bags are marked in yellow or red. 
  • The increasing volume of medical waste, increasing patient population, and increasing awareness of hospital waste management to reduce the spread of infections are some of the factors driving the market growth.

Key Biohazard Bags Market Trend

  • Increased use of polypropylene is one of the key biohazard bags market trends contributing to the market growth.
  • One of the most popular plastic polymers is polypropylene. 
  • Biohazard bags made of propylene are conveniently used for the disposal of lightweight materials such as discarded tubes and micro tips.
  • Biohazard symbols printed on polypropylene bags aid in the identification of different types of medical waste. 
  • Since polypropylene is useful for collecting biohazardous waste, this would eventually promote the expansion of the biohazard bags market.

Key Biohazard Bags Market Challenge

  • Lack of awareness associated with medical waste is one of the factors hindering the biohazard bags market growth.
  • There is a lack of awareness of safe handling methods of medical waste materials.
  • Government standards in emerging economies tend to be less stringent than those of the developed economies, due to which hospitals or pharmaceutical companies do not pay attention to waste management. 
  • Medical waste includes tissues, wipes, gloves, and others. However, not handling these medical waste materials may hinder the market growth during the forecast period.

This biohazard bags market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global biohazard bags market as a part of the global healthcare supplies market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the biohazard bags market during the forecast period.

Who are the Major Biohazard Bags Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Abdos Labtech Pvt. Ltd.
  • American Plastics Co.
  • Antylia Scientific
  • BioMedical Waste Solutions LLC
  • Bionics Scientific Technologies Pvt. Ltd.
  • Boen Healthcare Co. Ltd
  • Champion Plastics
  • Deluxe Scientific Surgico Pvt. Ltd.
  • GV Health Ltd.
  • Heathrow Scientific LLC
  • International Plastics Inc.
  • Merck KGaA
  • New Pig Corp.
  • SP Industries Inc.
  • Spartech LLC
  • Stericycle Inc.
  • Thermo Fisher Scientific Inc.
  • Transcendia Inc.
  • United States Plastic Corp.
  • Welpack Industries Pvt. Ltd.

 

This statistical study of the biohazard bags market encompasses successful business strategies deployed by the key vendors. The biohazard bags market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • abdoslifesciences.com - The company offers biohazard bags such as Polypropylene biohazard disposable bags.
  • antylia.com - The company offers biohazard bags through its subsidiary Cole Parmer.
  • heathrowscientific.com - The company offers biohazard bags such as biohazard waste bags.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The biohazard bags market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Biohazard Bags Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the biohazard bags market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Biohazard Bags Market?

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38% of the market’s growth will originate from North America during the forecast period. US, China, India, the UK, and Germany are the key markets for biohazard bags in North America. Market growth in this region will be faster than the growth of the market in APAC.

The increasing prevalence of infectious diseases, the high aging population, the presence of large market players, and the highly developed healthcare sector will facilitate the biohazard bags market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 positively impacted the biohazard bags market in North America. Furthermore, the rapid increase in the number of patients infected with COVID-19 and the highly contagious nature of the disease resulted in a large number of hospitalizations. As a result, the generation of medical, solid waste increased rapidly, which in turn increased the demand for biohazard bags. Due to rising awareness about the proper disposal of medical waste, the market is expected to witness high growth during the forecast period.

What are the Revenue-generating Application Segments in the Biohazard Bags Market?

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The biohazard bags market share growth in the hospital's segment will be significant during the forecast period. The continuously expanding number of hospitals and pathology centers across the world is the primary element that is expected to fuel the expansion of the market during the forecast period. Also, the market is anticipated to experience considerable expansion in both developed and developing nations due to an increase in the aging population and strict government rules requiring healthcare companies to use biohazard bags for safety and environmental protection. This, in turn, will drive the segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the biohazard bags market size and actionable market insights on post COVID-19 impact on each segment.

 

Biohazard Bags Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.5%

Market growth 2022-2026

$ 94.2 million

Market structure

Fragmented

YoY growth (%)

4.7

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 38%

Key consumer countries

US, China, India, UK, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Abdos Labtech Pvt. Ltd., American Plastics Co., Antylia Scientific, BioMedical Waste Solutions LLC, Bionics Scientific Technologies Pvt. Ltd., Boen Healthcare Co. Ltd, Champion Plastics, Deluxe Scientific Surgico Pvt. Ltd., GV Health Ltd., Heathrow Scientific LLC, International Plastics Inc., Merck KGaA, New Pig Corp., SP Industries Inc., Spartech LLC, Stericycle Inc., Thermo Fisher Scientific Inc., Transcendia Inc., United States Plastic Corp., and Welpack Industries Pvt. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Biohazard Bags Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive biohazard bags market growth during the next five years
  • Precise estimation of the biohazard bags market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the biohazard bags industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of biohazard bags market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Hospitals - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Hospitals - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Hospitals - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Hospitals - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Hospitals - Year-over-year growth 2021-2026 (%)
    • 5.4 Laboratories and research centers - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Laboratories and research centers - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Laboratories and research centers - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Laboratories and research centers - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Laboratories and research centers - Year-over-year growth 2021-2026 (%)
    • 5.5 Others - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Application
      • Exhibit 40: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 UK - Market size and forecast 2021-2026
      • Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 China - Market size and forecast 2021-2026
      • Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.12 India - Market size and forecast 2021-2026
      • Exhibit 82: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Abdos Labtech Pvt. Ltd.
              • Exhibit 93: Abdos Labtech Pvt. Ltd. - Overview
              • Exhibit 94: Abdos Labtech Pvt. Ltd. - Product / Service
              • Exhibit 95: Abdos Labtech Pvt. Ltd. - Key offerings
            • 10.4 Antylia Scientific
              • Exhibit 96: Antylia Scientific - Overview
              • Exhibit 97: Antylia Scientific - Product / Service
              • Exhibit 98: Antylia Scientific - Key news
              • Exhibit 99: Antylia Scientific - Key offerings
            • 10.5 Heathrow Scientific LLC
              • Exhibit 100: Heathrow Scientific LLC - Overview
              • Exhibit 101: Heathrow Scientific LLC - Product / Service
              • Exhibit 102: Heathrow Scientific LLC - Key offerings
            • 10.6 International Plastics Inc.
              • Exhibit 103: International Plastics Inc. - Overview
              • Exhibit 104: International Plastics Inc. - Product / Service
              • Exhibit 105: International Plastics Inc. - Key offerings
            • 10.7 Merck KGaA
              • Exhibit 106: Merck KGaA - Overview
              • Exhibit 107: Merck KGaA - Business segments
              • Exhibit 108: Merck KGaA - Key news
              • Exhibit 109: Merck KGaA - Key offerings
              • Exhibit 110: Merck KGaA - Segment focus
            • 10.8 SP Industries Inc.
              • Exhibit 111: SP Industries Inc. - Overview
              • Exhibit 112: SP Industries Inc. - Product / Service
              • Exhibit 113: SP Industries Inc. - Key offerings
            • 10.9 Spartech LLC
              • Exhibit 114: Spartech LLC - Overview
              • Exhibit 115: Spartech LLC - Product / Service
              • Exhibit 116: Spartech LLC - Key offerings
            • 10.10 Stericycle Inc.
              • Exhibit 117: Stericycle Inc. - Overview
              • Exhibit 118: Stericycle Inc. - Business segments
              • Exhibit 119: Stericycle Inc. - Key offerings
              • Exhibit 120: Stericycle Inc. - Segment focus
            • 10.11 Thermo Fisher Scientific Inc.
              • Exhibit 121: Thermo Fisher Scientific Inc. - Overview
              • Exhibit 122: Thermo Fisher Scientific Inc. - Business segments
              • Exhibit 123: Thermo Fisher Scientific Inc. - Key news
              • Exhibit 124: Thermo Fisher Scientific Inc. - Key offerings
              • Exhibit 125: Thermo Fisher Scientific Inc. - Segment focus
            • 10.12 Transcendia Inc.
              • Exhibit 126: Transcendia Inc. - Overview
              • Exhibit 127: Transcendia Inc. - Product / Service
              • Exhibit 128: Transcendia Inc. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 129: Inclusions checklist
                • Exhibit 130: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 131: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 132: Research methodology
                • Exhibit 133: Validation techniques employed for market sizing
                • Exhibit 134: Information sources
              • 11.5 List of abbreviations
                • Exhibit 135: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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