Biohazard Bags Market Trends And Segments Forecast To 2028

According to Precision Business Insights (PBI), the latest report, the market value of the biohazard bags market size was valued at USD 343.2 million in 2022 and grow at a CAGR of 6.1% during the forecast period 2022-2028. The primary factors that drive the market are the growing numbers of hospital beds in emerging countries, the growing patient population, the increasing capacity of lab testing samples and diagnostics, and alertness regarding the advantages of hospital waste management in reducing the spread of infection.

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Polypropylene to Dominate the Biohazard Bags Market:
Based on material type, polypropylene holds the highest market share. The major factor for the rise of this segment is the exceptional properties of polypropylene. Higher properties such as outstanding chemical effect resistance properties in addition to it are proof of leakage and can be heat sealed. Polypropylene is a lightweight, tough, recyclable, and flexible material which makes it the perfect substance for biohazard bags. These properties can drive the global biohazard bags market growth.

Asia Pacific Biohazard Bags Market:
Asia Pacific region is expected to grow significantly in the global biohazard bags market size over the forecast period. The Asia Pacific region is expanding as a result of the rising health awareness among people in the region. Apart from this, fast-growing e-commerce business and comfort of product accessibility across emerging countries such as India and China are some of the reasons for the potential growth of the market in these regions.
Strategic New Product Launches, Mergers,

Acquisitions, and Agreements are the key strategies adopted by market players:
The global biohazard bags market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share. In December 2020, Spartech acquired Tufpak™, Inc. to expand its product line in biohazard bags.

The biohazard bags market is segmented based on capacity type, material type, end users, and region.

Based on the capacity type, the market is
segmented into the following:
• Less than 15 gallons
• 15 to 35 gallons
• More than 35 gallons

Based on the material type, the market is segmented into the following:
• Polypropylene
• Polyethylene
• Plastic
• High-density Polyethylene
• Others

Based on the end users, the market is segmented into the following:
• Hospitals & Clinics
• Home & Ambulatory Services
• Pharmaceutical & Biopharmaceutical Industries

Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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Key players' profiles in the Biohazard Bags market report are Transcendia, Daniels Health, BioMedical Waste Solutions, LLC., International Plastics Inc., SP Bel-Art, Thermo Fisher Scientific, Abdos Labtech Private Limited, VEOLIA, Stericycle, and MiniGrip

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This release was published on openPR.