The global Bioremediation Market will be worth USD 334.70 billion by 2027, according to a current analysis by Emergen Research. Rapid growth in the quantity of hazardous wastes and to complement that, remediation of these wastes is becoming a major concern throughout the world. To emphasize on monitoring and tackling the contamination issues to secure the future generations from resource scarcity, governments of the developed as well as the developing economies are analyzing the pros and cons on bioremediation techniques.
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The consistent deposition of xenobiotic recalcitrant compounds in the environment has resulted in hazardous repercussions owing to which, several disposing techniques and strategies have emerged recently. Presently, one of the most popular disposing strategies that have gained much popularity is bioremediation.
In the last few years, the bioremediation technology & services market has experienced a considerable spur of activity as key market participants continue to prioritize launching cutting-edge bioremediation solutions that support sequestration, stabilization, recovery, and destruction of contaminants. Developments in the global bioremediation technology and services market over the forecast period are projected to occur in two major areas, including advancements that aim to improve the resolution at which the overlay of contaminants and hydrogeology can be interpreted. These advancements will, in turn, boost the market demand of the bioremediation market.
Key participants Probiosphere, Sarva Bio Remed, LLC, Altogen Labs, Aquatech International LLC, InSitu Remediation Services Limited, Regenesis, Ivey International, Inc., Drylet LLC, Sumas Remediation Services, Inc., and Xylem, Inc among others.
Research and development activities, coupled with the increasing number of government initiatives and investments to support these activities are estimated to boost the development of the global bioremediation technology and services market.
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)
- Fungal Remediation
- Land-Based Treatments
Services Outlook (Revenue, USD Billion; 2017-2027)
- Soil Remediation
- Wastewater Remediation
- Oilfield Remediation
North America emerged as the dominator of the global bioremediation market. In 2020, in terms of revenue, the North America bioremediation market accounted for USD 9.66 billion which is expected to expand at a CAGR of 6.52% during the forecast period. This growth can be attributed to the presence of key players in this region.
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Asia-Pacific will emerge as the fastest-growing region expanding with a CAGR of 9.86% during the forecast period, rising industrialization and urbanization has led to serious environmental pollution problems. Government initiatives for river conservation through bioremediation and involvement of public-private partnerships for bioremediation activities are expected to fuel the growth of the bioremediation technology and services market by 2027.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
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
188.8.131.52. Increased growth of population and industrialization across developing countries
184.108.40.206. Growing government initiatives regarding the usage of bioremediation products
4.2.3. Market restraints analysis
220.127.116.11. Implementation process is slow for environmental protection regulations
18.104.22.168. High procuring cost of heavy equipment for excavation
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
Chapter 5. Bioremediation Market By Technology Insights & Trends, Revenue (USD Million)
5.1. Technology Dynamics & Market Share, 2019 & 2027
5.1.5. Fungal Remediation
5.1.6. Land-based Treatments
Chapter 6. Bioremediation Market By Services Insights & Trends, Revenue (USD Million)
6.1. Services Dynamics & Market Share, 2019 & 2027
6.1.1. Soil Remediation
6.1.2. Wastewater Remediation
6.1.3. Oilfield Remediation
Chapter 7. Bioremediation Market Regional Outlook
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