Global Biohazard Bags Market to Reach $568.1 Million by 2030
The global market for Biohazard Bags estimated at US$389.6 Million in the year 2023, is expected to reach US$568.1 Million by 2030, growing at a CAGR of 5.5% over the analysis period 2023-2030. LDPE-based Biohazard Bags, one of the segments analyzed in the report, is expected to record a 5.6% CAGR and reach US$208.4 Million by the end of the analysis period. Growth in the HDPE-based Biohazard Bags segment is estimated at 6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $101.7 Million, While China is Forecast to Grow at 9% CAGR
The Biohazard Bags market in the U.S. is estimated at US$101.7 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$135.8 Million by the year 2030 trailing a CAGR of 9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.2% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$81.8 Million by the year 2030.
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