Global Biohazard Bags Market is anticipated to rise at a value CAGR of 6.85% over 2019-2028. According to a study published by Insure Insights on the Global Biohazard Bags Market. Biohazard Bags are those bags that are used to collect agents or materials like Biohazardous waste, infectious waste; these waste is contaminated by potentially infectious agents or other materials that could harm the health of the public and can also be a threat to the environment. The rise in the government activities to proper disposal of these wastes and increase in the awareness for proper disposal of these wastes are driving the market.

Top Driver: The surge in the number of hospital beds around the globe.

The increase in the number of hospital beds around the world and the rise in the patient pool have primarily driven the market of the Global Biohazard Bags Market. The surge in the waste generation and the benefits of proper waste management has boosted the market growth. The outbreak of the COVID-19 has further fostered the demand for proper waste management and has thus have lifted the market revenue of Biohazard Bags.

LDPE has made the highest segmental growth in the Global Biohazard Bags Market

Based on the Product, LDPE (Low-Density Polyethylene) segment, have dominated the segmental growth as they are widely used in various waste collection applications and is relatively cost-effective than other biohazard bags. HDPE bags are expected to grow at a higher rate as they are considered more efficient for handling sharp waste. Various approaches to reduce the cost of HDPE biohazard bags are anticipated to fuel the demand for HDPE bags in the future.

In terms of the Applications, General infectious waste segment has obtained the most remarkable growth to the rise in the number of these wastes; they include wastes like post-surgical blood infected swabs, patient mucous swabs, dressing waste, etc. In terms of the End User, Hospitals segment have obtained the most significant growth owing to the availability of better healthcare infrastructure, the surge in the inpatient population, and also due to a rise in number of hospital beds.

Asia Pacific boosts the regional market due to the presence of a large number of Hospital beds

Asia Pacific has held the highest market growth owing to the presence of owing to a large number of hospital beds and also due to the upsurge in the growth of the patient population. The rise in the investment activities into healthcare infrastructure and increased awareness for better proper waste management has boosted the demands for the regional market.  Increasing investment activities by the government for proper management of medical waste has attributed growth opportunities to the market. The outbreak of COVID-19 has positively boosted the market for Biohazard bags.

Product launches, Strategic Collaborations, Mergers, and Acquisition, are the major strategies of the competitors

The Players of the Global Biohazard Bags Market is fragmented. Product launches, Collaborations, Mergers, and Acquisition, are strategies used by the competitors   The key competitors of the Global Biohazard Bags Market are Biomedical Waste Solutions, Clean Harbors, Stericycle, Veolia, Daniels Health, Abdos Labtech Private Limited, Transcendia, Fisher Scientific, Bel-Art SP Scienceware, Dynalon, and Heathrow.

Veolia: Veolia, is one of the major competitors of the Global Biohazard Bags Market; for instance, In December 2018, Veolia, had announced the acquisition of Western Resource Recovery and Total Waste Management, these two companies belonged earlier to Cleanaway. The acquisition was made by Veolia to strengthen its business with liquid and hazardous waste treatment.

Transcendia:  Transcendia is a popular competitor in the Global Biohazard Bags Market. In August 2018, Transcendia had announced the acquisition of Precision Poly LLC; they are the manufacturer of food grade and industrial co-extruded blown film bags and rolls for flexible packaging applications. The acquisition was made by Transcendia to strengthen its product portfolio in material science expertise, industry-leading service, and extensive technology platform in active packaging and engineered films for the food and beverage market.

 Scope of the Report

By Product

• HDPE
• LDPE
• Others

By Application

• Highly infectious
• General Infectious
• Sharps
• Others

By End User

• Hospitals
• Pharmaceutical and biotech companies
• Laboratories and research centers
• Others

By Region

• North America
• Europe
• Asia Pacific
• LAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.