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Biohazard Bags Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

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Aug 2021 | 264 Views
 
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Biohazard bags are specially designed bags for collection and transportation of bio hazardous waste which potentially contain infectious agents or materials like pathogens, microbial contaminants, human bodily fluids or sharp needles, glass, blades which may pose a threat to public health or environment. The use of a biohazard bags prevents such contamination of a sample and keeps the handler safe. They are available in various capacity and dimensions. Biohazard bags possess strength as an attribute along with being leakage proof and less chance of puncture as biohazard bags can have three layers of polypropylene or other plastic polymer. These biohazard bags are usually made of various types of polymers such as polypropylene, polyethylene, polymers, HDPE, LDPE and polymer materials. High Density Polyethylene (HDPE) bags are generally used to dispose sharp material used in surgeries like blades, needles, surgical instruments and other contaminated materials. The bag can be recognized quickly due to use of prominent colors and depends on health standards of a particular country. These bags are extensively used in hospitals, diagnostic centers, laboratories, pharmaceutical industries and biochemical industries to store and dispose the bio hazardous waste.

Market scope and structure analysis:

  Report Metric

                                           Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($)

  Segments covered

  Capacity, Product Material, End User, Region

  Geographies covered

North America (US and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, India, and the Rest of Asia Pacific excluding Japan), Japan, Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa.

  Companies covered

LitheyInc, 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.


COVID-19 scenario analysis:

  • Due to outbreak of COVID – 19, lockdown implications are in place 
  • There are restrictions on people getting out which includes production line workers as well
  • Few selective industries have been permitted to operate with 30% of workers which has hampered the production output
  • Restrictions on transportation have disrupted the supply of raw materials to the manufacturing sites, as industries are mostly working on their current inventory
  • The distribution channels have also been affected due lockdown amidst COVID-19 pandemic
  • Disposition of bio hazardous waste needs to be rapid and the waste cannot be stored for long, but the lockdown enforces disposition workers to limit their transportation

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Handling of such waste generated should be prioritized to minimize the risk and spread of contamination. Guidelines issued by the U.S. federal government via regulatory authorities like Environmental Protection Agency (EPA), Center for Disease Control (CDC), Food and Drug Administration (USFDA) also emphasize on use of biohazard bags for disposal and containment of bio hazardous waste. In the wake of pandemic, the regulatory authorities in the U.S., CDC has imposed stringent regulations on the use of biohazard bags for disposal of discarded material used in treatment and diagnosis of patients infected due to Novel coronavirus. For instance, Daniels Health adopted the regulatory guidelines for proper disposal of medical waste due to the current COVID-19 outbreak. Such adoption of several regulatory guidelines aids the company to simplify its procedures for packaging of bio hazardous waste generated due to COVID-19 related activities. The factors like growth in number of hospitals, increasing patient inflow, strict measures taken by governments to handle bio hazardous waste, rising diagnosis and lab testing numbers are driving the growth of biohazard bags market. However, inadequate healthcare infrastructure, lack of proper training in handling of bio hazardous waste and negligence of government in developing economies are limiting the growth.

Increasing number of hospitals and growing pharmaceutical sector

The number of hospitals, surgical centers, and clinics is rising day by day.  In a study conducted regarding expenditure on healthcare globally, it was observed that 10.4% of total GDP was spent on healthcare and this number is expected to increase to 10.5% spent in 2020. The rising number of hospitals is majorly seen in developing economies like India and China. This increase in number of hospitals would fuel the amount of bio hazardous waste generated and would create a demand for biohazard bags. 

The pharmaceutical sector is experiencing tremendous growth. The sector has grown exponentially from $100 billion in 2017 to $1.2 trillion and is expected to reach $1.5 trillion by 2023 growing at a CAGR of 4-5%. Thus this growing sector will also produce bio hazardous waste which would need to be contained via biohazard bags. China generates about 680,000 tons of medical waste each year, which requires disposable biohazard bags for collection and storage and disposition of such waste that will in turn enhance the demand for biohazard bags.

Increase in laboratories and research centers would create a surge in demand of biohazard bags

The laboratories and research centers revenue is estimated to be over $70 million in 2019. Mostly infectious waste such as stocks of infectious agents, contaminants, microbiological cultures, blood and other body fluids, small amount of tissue is generated in laboratories. Henceforth, biohazard bags are essential for proper handling of such infectious bio hazardous waste. The research centers also generate considerable amount of bio hazardous waste from research studies. In that case currently, coronavirus vaccine. This will in turn facilitate the adoption of biohazard bags for collection, transportation and disposal of hazardous medical waste, thereby enhancing the need for biohazard bags and positioning it as one of the essentials.

Preference of HDPE material in production on Biohazard bags

The high-density polyethylene (HDPE) is an efficient and affordable thermoplastic that is manufactured at a lower temperature. HDPE has several attributes like toughness at very low temperatures, water-resistance and flexibility. Additionally, HDPE has better tensile strength in comparison to other materials like polyethylene. Also, HDPE material provides adequate impact strength for handling of bio hazardous waste as it can also be used to contain metal elements like surgical instruments, blades, needles. 

              Segments

                         Sub-segments

  Capacity(size)

  • Less than 15 gallons
  • 15-30 gallons
  • More than 30 gallons

  Product Type

  • Propylene
  • Polyethylene
  • HDPE
  • LDPE
  • Others

  End User

  • Hospitals
  • Laboratories, Diagnostic centers
  • Pharma and biotech companies
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global biohazard bags industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global biohazard bags market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global biohazard bags market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global biohazard bags market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Biohazard Bags Market research report:

  • Who are the leading market players active in the biohazard bags market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the biohazard bags market?
  • What are the projections for the future that will help in taking further strategic steps?
 
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