PUBLISHER: Inkwood Research | PRODUCT CODE: 1112730
PUBLISHER: Inkwood Research | PRODUCT CODE: 1112730
The Asia-Pacific bioremediation technology and services market is set to surge with a 9.00% CAGR during the forecast years 2022 and 2030. Rapidly surging urbanization, industrialization, and increased oil consumption drive the market growth in the region.
The Asia-Pacific bioremediation technology and services market growth assessment includes the analysis of India, Indonesia, Australia & New Zealand, Singapore, China, Taiwan, South Korea, Japan, and Rest of Asia-Pacific. India follows various laws to minimize health and environmental risks. Therefore, it is expected that there will be an increased demand for bioremediation services in the country. A wide range of rules has been adopted under Solid Waste Management Rules, Hazardous and Other Waste Management Rules, Construction and Demolition Waste Management, etc. These laws are anticipated to support the India bioremediation technology and services market during the forecast period.
On the other hand, in South Korea, government regulations and initiatives to promote waste management and prevent environmental and health risks from waste are anticipated to drive market growth during the forecast period. The Constitution of the Republic of Korea sets out the guidelines for interpreting citizens' environmental rights and obligations of the state while laying down legal principles. The green life movement in Korea promoted the reduction of food waste and the development of green homes. Such initiatives demand bioremediation products and services. Therefore, the market is expected to grow during the forecast period.
Leading market players include Altogen Labs, Systec GmbH, Team One Biotech, Terra Systems Inc, BPC Instruments AB, etc.