Biohazard Bags Market Size

Biohazard Bags Market Analysis

The biohazard bags market is expected to register a CAGR of 5.5% during the forecast period.

• COVID-19 significantly impacted the biohazard bags market due to the increased need for biomedical waste management to prevent the transmission of infection. For instance, India generated 56,898 tonnes of COVID-19-related biomedical waste between June 2020 - 2021, as per a June 2021 news report. The Covid BMW app was also introduced in May 2021 to track Covid-19 biological waste (BMW) and ensure its secure disposal. The application was created and hosted on behalf of the Central Pollution Control Board of India to gather data regarding biomedical waste, leading to increased demand for biohazard bags. 
• Although the market slightly seized since the decline in COVID-19 infections, the rising government awareness initiatives to reduce biomedical waste and its proper disposal are expected to drive the demand for biohazard bags during the analysis period.
• Moreover, the growth of the studied market is actively affected by the increased flow of samples in diagnostic labs, a growing number of hospital beds in developing countries, and awareness regarding hospital waste management. According to the World Health Organization (WHO) Corona Virus 2023 dashboard, a total of 13.2 billion vaccine doses have been administered globally as of 21st February 2023, using single-use disposable syringes that contribute to biomedical waste. Thus, the high burden of vaccination indicates the high utility of biohazard bags for the safe disposal and management of such waste worldwide, propelling the market growth during the forecast period.
• Government initiatives to minimize biomedical waste or biohazardous waste are also driving growth in the studied market. For example, in August 2022, the Government of Japan and the United Nations Development Programme (UNDP) launched a new project to support national health agencies and other key stakeholders in Bangladesh, Bhutan, and the Maldives to address the unprecedented rise in infectious healthcare waste caused by the COVID-19 pandemic that is overwhelming waste treatment facilities. The two-year USD 11 million project for improving infectious waste management is expected to contribute to the market's growth.
• Furthermore, the revised Plastic Waste Management Amendment Rules, 2021, announced by the government in August 2021, prohibit identified single-use plastic items by 2022. As per the new guidelines, the thickness of plastic carry bags increased from 50 to 75 microns from 30th September 2021 and to 120 microns with effect from 31st December 2022. These government initiatives are expected to propel the demand for biohazard bags used in various healthcare settings such as dentist clinics, hospitals, and diagnostic labs.
• The rising awareness and initiatives regarding biohazard waste disposal are also expected to drive market growth. For example, an article published in the Cureus Journal in December 2021 stated that, as per government guidelines, every health facility, whether large medical institutes or small clinics, must ensure appropriate biomedical waste management at their facility level. Therefore, the rising importance of biomedical waste management is expected to propel the utility of biohazard bags in hospitals and clinics.
• In conclusion, due to the rising importance and awareness of biomedical waste and government initiatives, the studied market is anticipated to witness growth over the analysis period. However, the presence of alternative options is likely to impede market growth.