Biohazard Bags Market to Witness CAGR of 6% (2022-2028) Due to the Growing Awareness Regarding Disposing Biomedical Waste and Pharmaceutical Contaminants| UnivDatos Market Insights – Yahoo Finance

NOIDA, India, Nov. 23, 2022 /PRNewswire/ — According to a new report published by UnivDatos Markets Insights, the Biohazard Bags Market was valued at USD 350 million in 2020 is expected to grow at a CAGR of 6% from 2022-2028. The analysis has been segmented into Capacity Type (Less Than 15 Gallon, 16 Gallon-30 Gallon, and Above 30 Gallon); Material Type [Polypropylene, Polyethylene, Plastic, LDPE (Low-Density Polyethylene), High demand polyethylene, and Other]; Application (Highly infectious, Other Infectious, Sharps, Chemical and Pharmaceutical, General Healthcare Waste, and Others); End-User (Hospitals, Clinics, Diagnostic Laboratories, Pharmaceutical/Research Laboratories, and Others); Region/Country.
Click here to view the Report Description & TOC
The Biohazard Bags market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Biohazard Bags market. The Biohazard Bags market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Biohazard Bags market at the global and regional levels.
Request for Sample Pages
Market Overview
The demand for the biohazard bags market is rising due to the increasing prevalence of chronic disease which significantly boosts the patient population around the globe. Various companies are focusing on advanced and innovative plastic bags for controlling the population and managing the hospital’s waste as well.  For instance, in February 2021, The Justrite Safety Group, based in Illinois, USA, introduced a new line of poly waste container bags. These bags are designed to identify biohazard and infectious linen medical waste and would be offered in two colors- red for biohazard material handling and yellow for infectious linen. Additionally, it is projected that the expanding urbanization in emerging nations and the growing burden of biomedical waste will catalyze the market demand throughout the projection period. Owing to these glaring statistics the demand for biohazard bags is anticipated to grow in the forthcoming years as they are strong for a sharp object as waste from hospitals and eco-friendly as well. Moreover, rising awareness regarding the benefits of hospital waste management is fueling the demand for the biohazard bags market. Furthermore, the increased elderly population and the prevalence of better sales channels are expected to drive the market for biohazard bags market in the coming years.
Some of the major players operating in the market include Bel-Art SP Scienceware, Dynalon, Heathrow Scientific, Thermo Fisher Scientific Corporation, MiniGrip, Tufpak Inc, Cole-Parmer Instrument Company, BWS Incorporated, Abdos Labtech Pvt.Ltd., DELUXE SCIENTIFIC SURGICO PVT. LT.
COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. Due to the lockdowns that were imposed across important economies, the COVID-19 pandemic has significantly impacted global industrial production. The rising preference for a healthy and active lifestyle, combined with increased awareness about immunity as a result of the COVID 19 outbreak, is expected to drive product demand even higher. This is likely to increase the market penetration of botanical ingredients. The spread of the COVID-19 pandemic in developing countries has had a significant impact on the dynamics of the international spice trade. However, food and beverage retail sales increased significantly in the second quarter of 2020. In anticipation of COVID-19 lockdowns, consumers preferred to stock up on essential products. These key factors contributed to a surge in demand for botanical ingredients such as spices.
The global Biohazard Bags market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
Based on application, the market is fragmented into highly infectious, other Infectious, sharps, chemical and pharmaceutical, general healthcare waste, and others. The sharps segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period owing to the increase in surgeries and patient population across the globe.
Based on end-users, the market is fragmented into hospitals, clinics, diagnostic laboratories, pharmaceutical/research laboratories, and others. The hospitals, clinics, and diagnostic laboratories segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. To reduce the danger of infection for patients and healthcare workers, waste must be transported, collected, and kept properly.
Have a Look at the Chapters-
Biohazard Bags Market Geographical Segmentation Includes:
North America (United States, Canada, and Rest of North America)
Europe (Germany, United Kingdom, Italy, France, Spain, and the Rest of Europe)
Asia-Pacific (China, Japan, India, Australia, and the Rest of Asia-Pacific)
Rest of the World
For a better understanding of the market dynamics of the biohazard bags market, a detailed analysis was conducted for different regions across the globe including North America (U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. Geographically, North America constitutes a major market for the biohazard bags industry owing to the growing geriatric population along with the adoption of innovative medical technology.
The major players targeting the market include
Bel-Art SP Scienceware
Heathrow Scientific
Thermo Fisher Scientific Corporation
Tufpak Inc
Cole-Parmer Instrument Company
BWS Incorporated
Abdos Labtech Pvt.Ltd.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Biohazard Bags Market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
What are the latest trends, new patterns, and technological advancements in the Biohazard Bags market?
Which factors are influencing the Biohazard Bags market over the forecast period?
What are the global challenges, threats, and risks in the Biohazard Bags market?
Which factors are propelling and restraining the Biohazard Bags market?
What are the demanding global regions of the Biohazard Bags market?
What will be the global market size in the upcoming years?
What are the crucial market acquisition strategies and policies applied by global companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.
About UnivDatos Market Insights (UMI)
Browse Other Related Research Reports from UnivDatos Market Insights
 Bags Market
 Dermal Filler Market
Propolis Market
 Insulin Pump Market
Surgical Retractors Market
Biohazard Bags Market Report Coverage
Report Attribute
Base year
Forecast period
Growth momentum
Accelerate at a CAGR of 6%
Market size 2020
USD 350 million
Regional analysis
North America, Europe, APAC, Rest of World
Major contributing region
North America to Dominate the Global Biohazard Bags Market
Key countries covered
United States, Canada, Germany, United Kingdom, Italy, France, China, Japan, India, South Korea
Companies profiled
Bel-Art SP Scienceware, Dynalon, Heathrow Scientific, Thermo Fisher Scientific Corporation, MiniGrip, Tufpak Inc, Cole-Parmer Instrument Company, BWS Incorporated, Abdos Labtech Pvt.Ltd., DELUXE SCIENTIFIC SURGICO PVT. LT.
Report Scope
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Demand and Supply Side Analysis; Competitive Landscape; Company Profiling
Segments Covered
By Capacity Type; By Material Type; By Application; By End-User; By Region/Country
About UnivDatos Market Insights (UMI)
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
UnivDatos Market Insights 
Ankita Gupta
Director Operations
Ph: +91-7838604911
View original content:
SOURCE UnivDatos Market Insights Pvt. Ltd.
Be greedy (and lazy) when others are fearful.
Concerns surrounding the growth of big tech do not apply to George Soros. The Federal Reserve's decision to aggressively raise interest rates to fight inflation, which is at a 40-year high, threatens to push the economy into a recession, many analysts say. This inflation, which is particularly impacting consumers, is a huge problem for the technology sector, because tech products and services are the first to suffer from spending cuts.
What time does the stock market close the day before Thanksgiving? Is the stock market open on Black Friday?
With a history of decades-long investing success, billionaire Ken Griffin knows a thing or two about market behavior. Recently, the Citadel Investment Group Founder and CEO offered some of his thoughts on the state of the stock market and where the economy is heading. While Griffin believes inflation has already peaked, he thinks the Fed has yet to truly put the “genie back in the bottle.” He also thinks unemployment is about to rise and expects a recession will likely materialize “sometime in t
Warren Buffett — the Oracle of Omaha — is widely regarded as one of the greatest investors of all time. Berkshire Hathaway Inc. (NYSE: BRK-A) has returned tens of thousands of percent over the years and consistently outperforms the market. Buffett purchased the company for just $8.3 million in 1965, and it’s now valued at nearly $700 billion, roughly a 10 million percent return. But one of Buffett’s top all-time picks and longest-held positions is one you might not expect. Berkshire Hathaway fir
FTX lawyers say a substantial amount of assets are missing or stolen in latest bankruptcy proceedings; Cathie Wood still sees Bitcoin at $1 million
The top five biotech stocks today have several commonalities: strong ratings. Some also show promising charts and are Tech Leaders.
Goldman Sachs’ strategists expect the S&P 500 to drop 10% over the next three months.
Patience can pay off handsomely when you're invested in companies with clearly defined competitive advantages.
Despite the fact that Advanced Micro Devices, Inc. (NASDAQ:AMD) stock rose 5.1% last week, insiders who sold US$4.1m…
(Bloomberg) — A gauge of Asian stocks fell while US futures rose amid subdued trading on Friday. Treasuries climbed as trading resumed after the Thanksgiving holiday in the US. Most Read from BloombergBinance’s Zhao Flags Possible $1 Billion for Distressed AssetsMalaysia PM Anwar Plans Confidence Vote to Prove to Rival He Commands a MajorityElizabeth Holmes Judge Proposes Texas Prison, Family VisitsChina Covid Cases Jump to Record High, Topping Shanghai OutbreakHong Kong-listed technology stock
Instead of gearing up to trade Thursday, investors may be defrosting their Thanksgiving turkeys—and clipping coupons ahead of Black Friday.
In the early days of the pandemic, investors bet Novavax (NASDAQ: NVAX) would be a coronavirus vaccine winner. When the biotech's vaccine candidate fell behind, though, investors lost faith. With its shares down almost 90% this year, you may be wondering if Novavax presents a great buying opportunity.
Readers hoping to buy Barrick Gold Corporation ( TSE:ABX ) for its dividend will need to make their move shortly, as…
Former FDIC chair Sheila Bair explained to FOX Business how FTX's top 50 investors stand to lose big — but all others will likely see nothing at all.
ClearBridge Investments, an investment management firm, published its “Small Cap Strategy” third-quarter 2022 investor letter – a copy of which can be downloaded here. The ClearBridge Small Cap Strategy underperformed its Russell 2000 Index benchmark during the third quarter. On an absolute basis, the Strategy had losses in nine out of 11 sectors in which it […]
On Tuesday, Aveo shares soared 42% in massive volume on news that it will get acquired by South Korea's LG Chem.
Amazon (NASDAQ: AMZN) is one of the best-performing stocks of the past generation, but 2022 has mostly been a disaster for the tech giant. The stock is down 47% year to date, revenue growth has slowed to all-time lows, it's closed dozens of warehouses after overestimating demand, shuttered once-promising projects like Amazon Care, and just reported that it's laying off 10,000 corporate employees. While it's clear Amazon has struggled this year, those challenges seem well-reflected in Amazon's stock price.
Both of these stocks have great long-term prospects and offer an attractive dividend in the meantime.
(Bloomberg) — In the wake of the spectacular meltdown of Sam Bankman-Fried’s crypto empire, many investors are looking for early warning signs that may have foretold the contagion that was about to unfold. One possibility? Coinbase Global Inc.’s junk bonds.Most Read from BloombergElizabeth Holmes Judge Proposes Texas Prison, Family VisitsMost Fed Officials Seek to Slow Pace of Interest-Rate Hikes SoonChina Covid Cases Jump to Record High, Topping Shanghai OutbreakFrom Tom Brady to Shaq, FTX’s C


Leave a Comment