Biohazard Bags Market Size by Capacity (Less Than 15 Gallon, 15 To 35 Gallon, More Than 35 Gallon), By Material (Polypropylene, Polyethylene, Plastic, High-density Polyethylene {HDPE}), By End-Use (Hospitals, Laboratories and Research Centers, Pharmaceuti

Biohazard Bags Market Size by Capacity (Less Than 15 Gallon, 15 To 35 Gallon, More Than 35 Gallon), By Material (Polypropylene, Polyethylene, Plastic, High-density Polyethylene {HDPE}), By End-Use (Hospitals, Laboratories and Research Centers, Pharmaceutical and Biotech Companies, Clinics & Diagnostic Centers), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 - 2032

Biohazard Bags Market is expected to grow significantly through 2032, owing to the rapidly expanding healthcare industry, especially in developing Asia Pacific countries. For instance, between 2010 and 2019, the growth rate in per capita health expenditure was 4.7% every year, which was higher than the recorded GDP of 3.6% in the region.

Clinical laboratories, hospitals, and pharmacies produce dangerous and infectious wastes, which are collected, compiled, packed, and disposed using biohazard bags. These bags are available in a wide range of sizes and capacities to satisfy the needs of various medical facilities, thereby pushing their demand during the next decade.

Besides, governments of various nations such as China and India are constantly focusing on enhancing healthcare services and advancing healthcare infrastructure, which will also fuel the demand for biohazard bags. In addition, the constantly increasing volume of medical waste, coupled with rising concern for environmental and public health safety, will positively influence the biohazard bag industry outlook.

Overall, the biohazard bags industry is segmented in terms of capacity, material, end-use, and region.

Based on capacity, the less than 15 gallon segment accounted for over 17% market share in 2022. Less than 15-gallon capacity biohazard bags are used for collecting, transporting, and storing biohazardous waste, and offer long-lasting durability. In addition, these bags are extensively used to isolate hazardous items accumulated in hospitals, laboratories, and other healthcare facilities to avoid spreading infections to other patients and healthcare workers.

In terms of material, the polyethylene industry is anticipated to register notable gains through 2032. Since polyethylene biohazard bags offer high thickness and tear resistance and can be burned in an incinerator, producing minimal ash, their demand is expected to grow considerably over the next ten years.

Considering the end-use, the hospital segment accounted for over 32% market share in 2022 and is estimated to showcase sturdy growth by 2032. Hospitals generate various toxic wastes that are required to be collected, stored, and transported properly to avoid infection among healthcare professionals and patients. This has produced an intrinsic need for biohazard bags in hospital settings.

Regionally, the Asia Pacific biohazard bags market is projected to grow significantly through 2032. Governments across the region are increasingly investing in predefining the process of segregating hazardous waste from healthcare settings. Besides, they are also imposing several guidelines for collecting medical waste precisely without harming the environment, which is anticipated to surge the demand for biohazard bags in this region.