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