Bioremediation Market Size to Reach USD 334.70 billion in 2027 | Industry Trend – Rapid Advancements in Remediation Technology
Emergen Research has published its latest report titled, “Bioremediation Market By Technology (Phytoremediation, Biostimulation, Bioaugmentation, Bioreactors, Fungal Remediation, Land-Based Treatments), By Services (Soil Remediation, Wastewater Remediation, Oilfield Remediation, Others), and By Region Forecasts to 2027”
According to Emergen Research, the global bioremediation market size was USD 105.68 billion in 2019 and is expected to reach USD 334.70 billion in 2027 and register a robust revenue CAGR of 15.5% over the forecast period.
Market Dynamics:
Over the recent years, rapidly expanding population and industries across the globe have resulted in disparity in the ecological soil processes, global warming, and uncertain changes in the soil. Bioremediation is a process used for removing pollutants, contaminants, and toxins from water, subsurface material, or soil by altering environmental conditions to stimulate growth of microorganisms and degrade the pollutants. It is highly preferred over chemical and physical remediation methods owing to its eco-friendly features and low costs. Various market players and leading companies are focused on adopting advanced bioremediation technologies such as phytoremediation, biostimulation, bioaugmentation, bioreactors, fungal remediation, and land-based treatments among others to get rid of the contaminants. Government bodies across the globe are also focusing on protecting environment and supporting these bioremediation activities.
Bioremediation is rapidly gaining traction across the globe owing to factors such as increasing environmental pollution, high contamination of soil and water due to rapid urbanization and industrialization. Factors such as increasing adoption of in situ bioremediation technology, increasing investments in research and development activities and high focus on developing more cost-effective and advanced technologies are expected to fuel market revenue growth during the forecast period. However, lack of awareness about bioremediation techniques and high cost of excavation for ex-situ bioremediation are key factors expected to hamper revenue growth of the market to a certain extent over the forecast period.
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COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Phytoremediation Segment to Account for Largest Revenue Share:
The phytoremediation segment is expected to account for largest revenue share during the forecast period owing to factors such as rapid industrialization and urbanization around the world, increasing water and soil contamination issues, and high demand for phytoremediation techniques for degrading xenobiotic and recalcitrant compounds polluting the environment. Phytoremediation is a cost-effective and sustainable application of bioremediation.
Soil Remediation Segment to Register Steady Revenue Growth:
Soil remediation segment revenue is expected to register a steady CAGR over the forecast period owing to increasing soil contamination and rising need to improve soil conditions for better vegetation. Soil remediation is a process used for mitigating and managing contaminants from the soil which can be harmful to human health as well as to the environment.
North America to Lead in Terms of Revenue Share:
North America is expected to account for largest revenue share in the global market over the forecast period owing to factors such as rapid advancements in bioremediation technology, increasing contamination from waste across the region, and rising awareness about bioremediation. Other factors such as increasing government initiatives to cater to emerging water scarcity, rapid urbanization and industrialization, regulations for environmental protection, and increasing investments in research and development activities are expected to fuel market growth in North America during the forecast period.
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Major Companies in the Market Include:
- Probiosphere, Inc.
- Sarva Bio Remed, LLC
- Altogen Labs
- Aquatech International LLC
- InSitu Remediation Services Limited
- Regenesis
- Ivey International, Inc.
- Drylet LLC
- Sumas Remediation Services, Inc.
- Xylem, Inc.
For the purpose of this report, Emergen Research has segmented into the global Bioremediation Market on the technology, services and region:
Technology Outlook (Revenue, USD Billion; 2017-2027)
- Phytoremediation
- Biostimulation
- Bioaugmentation
- Bioreactors
- Fungal Remediation
- Land-Based Treatments
Services Outlook (Revenue, USD Billion; 2017-2027)
- Soil Remediation
- Wastewater Remediation
- Oilfield Remediation
- Others
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Regional Outlook (Revenue, USD Billion; 2017–2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
- This study segments the Bioremediation market and derives the precise valuation of the overall, as well as segment-based, market across different industry verticals, geographies, and products.
- The report will help participants understand the trajectory of the progress of the market and provide information on key drivers, restraints, challenges, threats, and opportunities for the growth of the Bioremediation sectors.
- This Bioremediation report would allow readers to be well-versed with the existing competition and gain more insights to improve their standing in the worldwide business. The competitive landscape considers the dominant competitors, along with product launches and technological advancements, strategic expansions, mergers and acquisitions, and procurement strategies implemented by key players in the Bioremediation market.
Key features of the report:
- To study the key aspects impacting the Bioremediation market size.
- To identify growth prospects in the Bioremediation market.
- To analyze the Bioremediation market segments and deduce the dominant trends observed in the industry.
- To examine the Bioremediation market by investigating the available products, market share, and value proposition of the products.
- To analyze the industry by assessing the scope and application of the Bioremediation market and highlight the growth of each application.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2030
Chapter 3. Key Insights
Chapter 4. Bioremediation Market Segmentation & Impact Analysis
4.1. Bioremediation Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Continued…
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