Selbyville, Delaware As per the research document titled ‘Biohazard Bags Market Size By Capacity Type, By Material Type, By End-use, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’ available with Market Study Report LLC, global biohazard bags market is anticipated to grow considerably during 2020-2026.
For the record, biohazard waste contains any sort of potentially infectious agents or substances which are hazardous to public health or the environment. Various types of biohazard bags are utilized for collecting such wastes depending on their use as well as the guidelines issued by the governments.
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Increasing adoption of biohazard bags in the healthcare sector, primarily in laboratories and hospitals for safely transferring samples, paperwork, and specimens is a major factor augmenting the growth of global biohazard bags market.
Moreover, surging demand for the biohazard waste bags amidst the COVID-19 pandemic along with increasing utilization of the product during the shipment of important documents are further fueling the expansion of the market.
Based on capacity, the report states that the 15 to 30 gallon segment accounted for around USD 80 million in terms of market share in the year 2019. The segment is expected to record significant growth over the forecast period, owing to increasing utilization of such products in offices, nursing homes, hospitals, and other medical facilities.
With regards to material type, the High-Density Polyethylene (HDPE) segment reflected around 12% of the overall market share in 2019 and is expected to show similar growth through 2026. Rising adoption of biohazard bags in hospitals and surgery centers for collecting infectious waste is fueling the segmental share. The product offers high degree of protection from infections due to the absence of latex.
Moving on to the end-user spectrum, the other segment of global biohazard bags market is projected to record a CAGR of 9% over 2020-2026.
From a regional frame of reference, the market is segmented into Middle East & Africa, Asia-Pacific, Americas, and Europe. The country-level fragmentation includes UAE, South Africa, Saudi Arabia, Australia, India, China, Japan, Mexico, Brazil, Canada, U.S., Spain, Italy, France, United Kingdom, and Germany.
Key players of worldwide biohazard bags market include Thermo Fisher Scientific Inc., Desco Medical India, Transcendia, Inc., Abdos Labtech Private Limited., Veolia Environnement S.A., Suez, Stericycle, Daniels Health, and Biomedical Waste Solutions, LLC among others.
Question and Answers: Global Biohazard Bags Market
Q1) What are the key growth stimulants of global biohazard bags market?
Answer: Factors such as surging demand for the bags amidst the COVID-19 pandemic and increasing adoption of biohazard bags in laboratories and hospitals for safely transferring samples, paperwork, and specimens are augmenting the growth of global biohazard bags market.
Q2) Why is the 15 to 30-gallon biohazard bags capacity segment witnessing constant expansion?
Answer: Growing demand for 15 to 30-gallon biohazard bags in offices, nursing homes, hospitals, and other medical facilities is fostering the expansion of the segment.
Q3) Which are the leading players of worldwide biohazard bags market?
Answer: Key participants of worldwide biohazard bags market are Abdos Labtech Private Limited., Veolia Environnement S.A., Suez, Stericycle, Daniels Health, and Biomedical Waste Solutions, LLC among others.
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