Press release
Biohazard Bags Market to Witness Growth Acceleration By 2028
Biohazard waste, also called biomedical waste or infectious waste, is any waste having contagious materials or possibly contagious substances like microbiological, pathological, human bodily fluids and animal waste. Highly contagious sharp waste such as needles, glass pipettes, blades and others waste should be disposed. Biohazard bags are specially designed to accumulate or dispose of such substance from a crime or accident and take to a lab for analysis. These bags are quite helpful for industrial use to collect industrial biohazard materials. Biohazard bags prevent contamination of the samples. These biohazard bags are usually made of various materials such as polyethylene, polymers, HDPE and other materials. These biohazard bags are highly preferred in hospitals, laboratories, pharmaceutical industries and chemical industries to store the biohazard waste material in the biohazard bags for its further disposal.
Global Biohazard Bags Market: Dynamics
The major driving factor of the global biohazard bags market is the rapidly increasing number of hospitals and pathology centers across the globe, which fuels the growth of global biohazard bags market over the forecast period. Aging population along with stringent government regulations to use biohazard bags by the healthcare organizations for the safety of patients will help to push the global biohazard bags market towards significant growth across various developed and developing countries. Moreover, robust growth in pharmaceutical industry across the globe, owing to rising demand of medicines, will lead the global biohazard bags market to high growth. However, the availability of biohazard bags has increased with the rapidly growing e-commerce sales channel across the globe. This results in pushing the growth of global biohazard bags market over the forecast period. Furthermore, low labor cost in emerging countries including China, India, and Indonesia helps in the production of a large number of biohazard bags at lower prices, which fuels the growth of the global biohazard bags market. Stringent government regulation related to ban on the usage of plastics in various countries is a restraining factor in the global biohazard bags market, which will hinder the global biohazard bags market growth.
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Global Biohazard Bags Market: Regional Outlook
Based on geographies, the global biohazard bags market is classified into six regions such as North America, Latin America, Europe, Japan, APEJ (the Asia Pacific excluding Japan) and MEA (the Middle East and Africa). Among above-mentioned regions, North America accounts for a significantly high market share in the global biohazard bags market over the forecast period, followed by Europe. This is due to the stringent government regulations to use biohazard bags in hospitals and pathology centers for patient’s safety as well as people’s preference to use of these biohazard bags at homes to dispose of biohazard waste materials. Moreover, APEJ is anticipated to showcase a significantly high growth rate in global biohazard bags market, owing to growing health awareness among people across the region. Rapidly growing e-commerce industry and ease of product availability across developing countries such as China and India will be seen as an opportunity by prominent market players APEJ biohazard bags market. Japan is projected to capture high market share in global biohazard bags market due to increasing demand for eco-friendly biohazard bags among consumers across the region.
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Global Biohazard Bags Market: Prominent Market Players
Few prominent players in the global biohazard bags market are Lithey Inc, BioMedical Waste Solutions, LLC. Global Packaging Solutions, Champion Plastics, Dana Poly Inc., Propper Manufacturing, International Plastics Inc., Tufpak, Inc., Medline Industries, Inc., Thomas Scientific, Super Plast Plastic Factory and other biohazard bags market players. The prominent players of the global biohazard bags market such as Thomas Scientific and Medline Industries, Inc., are focusing on expanding its sales channel footprint through e-commerce across emerging and developed countries to gain maximum market share in the global biohazard bags market.
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