Hazardous Disposal Bags Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Hazardous Disposal Bags Market By Type (HDPE, LDPE, LLDPE), Application (Residential, Commercial, Industrial, Hospital, and Others), Distribution Channel (Hypermarkets, Supermarkets, Online Retail, Convenience Stores, Others) and Geography

 

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Report

Description

Hazardous Disposal Bags Market size is valued at USD 895.6 million in 2021 and is poised to grow at a significant CAGR of 5.1% over 2022–2028. These bags are manufactured from a variety of plastic materials, including high-density polyethylene, low-density polyethylene and linear low-density polyethylene. The demand for goods and services on the global market is being accelerated by factors including the waste management sectors significant development, stringent environmental laws, and new product introductions by top industry players. Major industry participants are developing new products to capitalize on the rising demand for hazardous disposable bags. For example, in Feb 2021, the Justrite Safety Group, introduced a new series of poly waste bags.  These bags, which come in two colors —Red for biohazard material and yellow colour bags for infected linen—are intended to distinguish between medical trash that contains biohazards and contagious linen. Additionally, there are three sizes available. The hazardous disposable bags market is projected that the expanding urbanisation in developing nations and the growing burden of biomedical waste would drive the market demand for Hazardous Disposal Bags throughout the projection period. The cost of hazardous disposable bags and usage of plastic for their manufacturing can restrain the market growth of hazardous disposable bags.

Key Developments:

In Feb 2020, Stericycle entered into a necessary agreement to sell its Domestic Environmental Solutions division to Harsco Corporation with some exception

Hazardous Disposal Bags Market

MARKET SUMMARY
-
5.1%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 5.1%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Hazardous Disposal Bags Market

  • The hazardous disposal bags market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The hazardous disposal bags market is segmented based on type, Application, Distribution channel, and geography.
Key Players
  • Biomedical Waste Solutions, LLC
  • Clean Harbors, Inc.
  • Daniels Sharp smart Inc.
  • REMONDIS Medison GmbH
  • Republic Services Inc.
Hazardous Disposal Bags Market Dynamics

The bags used in the hospitals are called biohazard bags. In hospitals and other healthcare institutions, these bags are used to collect and properly discard hazardous medical waste such blood products, linen and products contaminated with biological fluids. Using bags tagged with words and symbols to identify the contents and promote safe handling and disposal protects workers from unwanted exposure and ensures that disposal procedures are followed. Put these bags in stands, bins, and racks to keep them open. For example, in February 2019, Sound Environmental, with a market value of roughly 14 billion yuan, was the largest listed medical waste management firm in China. Approximately 85% of the Waste produced by medical procedures is non-hazardous waste. The remaining 15% is categorized as infectious waste radioactive material, toxic material, or hazardous waste. Around the world, an estimated 16 billion injections are administered annually. But not all needles and syringes are disposed of appropriately. As a result, the market share for hazardous disposable bags expected to increased due to increase in hospital waste.


Global Got Significant Share

Hazardous Disposal Bags Market

The global hazardous disposal bags market is segmented into North America, Europe, Asia Specific, Latin America, and Middle East & Africa. Due to strict governmental restrictions and the existence of major market competitors, North America leads all other regions in terms of market share due to increasing awareness and demand for eco-friendly products. Whereas, throughout the projection period of 2022–2028, Asia Pacific is expected to have a considerable Hazardous Disposal Bag market growth rate. The Asia Pacific region's Hazardous Disposal Bag Market could have revenue growth opportunities due to factors including the region's fast urbanisation and booming waste management sector.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Hazardous Disposal Bags Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The hazardous disposal bags market is projected to expand at a CAGR of 5.1% during the forecast period

Biomedical Waste Solutions, LLC, Clean Harbors, Inc., Daniels Sharp smart Inc., REMONDIS Medison GmbH, Republic Services Inc., Sharps Compliance, Inc., Stericycle Inc., Suez Environment S.A., Veolia Environment S.A., Waste Management Inc.

 

Global is the fastest-growing region for hazardous disposal bags market


Report

Company Profile

  • Biomedical Waste Solutions, LLC
  • Clean Harbors, Inc.
  • Daniels Sharp smart Inc.
  • REMONDIS Medison GmbH
  • Republic Services Inc.
  • Sharps Compliance, Inc.
  • Stericycle Inc.
  • Suez Environment S.A.
  • Veolia Environment S.A.
  • Waste Management Inc.

Description

Hazardous Disposal Bags Market size is valued at USD 895.6 million in 2021 and is poised to grow at a significant CAGR of 5.1% over 2022–2028. These bags are manufactured from a variety of plastic materials, including high-density polyethylene, low-density polyethylene and linear low-density polyethylene. The demand for goods and services on the global market is being accelerated by factors including the waste management sectors significant development, stringent environmental laws, and new product introductions by top industry players. Major industry participants are developing new products to capitalize on the rising demand for hazardous disposable bags. For example, in Feb 2021, the Justrite Safety Group, introduced a new series of poly waste bags.  These bags, which come in two colors —Red for biohazard material and yellow colour bags for infected linen—are intended to distinguish between medical trash that contains biohazards and contagious linen. Additionally, there are three sizes available. The hazardous disposable bags market is projected that the expanding urbanisation in developing nations and the growing burden of biomedical waste would drive the market demand for Hazardous Disposal Bags throughout the projection period. The cost of hazardous disposable bags and usage of plastic for their manufacturing can restrain the market growth of hazardous disposable bags.

Key Developments:

In Feb 2020, Stericycle entered into a necessary agreement to sell its Domestic Environmental Solutions division to Harsco Corporation with some exception

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