PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1371937
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1371937
Bioremediation Market Forecasts to 2030 - Global Analysis By Type (In Situ Bioremediation, Ex Situ Bioremediation & Other Types), Service (Soil Remediation, Wastewater Remediation, Oilfield Remediation & Other Services), Technology & By Geography
According to Stratistics MRC, the Global Bioremediation Market is accounted for $ 15.3 billion in 2023 and is expected to reach $ 32.5 billion by 2030 growing at a CAGR of 11.3% during the forecast period. Bioremediation is a sustainable and environmentally friendly technique that employs living organisms, such as microorganisms, plants, or fungi, to remove, neutralize, or mitigate pollutants and contaminants from soil, water, and air. To break down or transform dangerous compounds into less toxic or non-toxic forms, it uses the inherent biological processes of these organisms, application areas for bioremediation include industrial sites, oil spill cleanup, agricultural areas, and wastewater treatment. Therefore, this method encourages the repair and revival of ecosystems in addition to helping to minimize environmental harm.
According to the World Bank, waste generated globally is expected to increase to 3.40 billion tones by 2050 and daily per capita generation of waste in high income countries is expected to increase by 19% by 2050 and almost 33% of the waste is managed either by burning or dumping.
Market Dynamics:
Driver:
Government regulations and concerns
The use of bioremediation techniques is influenced by the strict rules that are established by governments and environmental agencies to manage and alleviate pollution. Companies that provide bioremediation solutions benefit from the advantageous market conditions these restrictions generate. Moreover, bioremediation is an increasingly common choice for resolving a variety of environmental concerns since it provides a sustainable and environmentally beneficial method for cleaning up contaminated locations which therefore boost the growth of the market.
Restraint:
Time consuming and cost effective
The degradation of pollutants by microorganisms typically takes a long time throughout the bioremediation process. Additionally, this may present a problem, particularly when working on cleanup initiatives that must be completed quickly or on a large scale. Despite being more affordable than conventional remediation techniques, bioremediation might still be seen as pricey, especially for large-scale operations. Therefore, the financial sustainability of bioremediation methods might be impacted by the cost of monitoring, maintaining ideal conditions, and guaranteeing long-term efficiency.
Opportunity:
Advances in biotechnology
Modern developments in molecular biology, genetic engineering, and biotechnology have helped create more precise and effective bioremediation techniques. These developments have increased the number of toxins that can be cleaned up using bioremediation methods. Furthermore, the creation of integrated solutions, knowledge sharing, and research breakthroughs have all been facilitated by partnerships between bioremediation businesses, environmental consultancy businesses, and academic institutions. Therefore, these partnerships develop innovation and aid in the expansion of the bioremediation industry.
Threat:
Risks and lack of standardization
Legal and regulatory issues may arise due to the liability and potential risks associated with bioremediation operations, such as the unintentional spread of contaminants or the discharge of genetically modified organisms. Bioremediation procedures, in contrast to conventional remediation techniques, may lack established standards and laws. Thus, the widespread adoption of bioremediation techniques may be hampered by the lack of defined rules.
COVID-19 Impact
The bioremediation market declined as a result of the COVID-19 outbreak. Lockdowns and financial difficulties had an impact on the market for bioremediation services since they limited funding for environmental initiatives and hampered regulatory procedures. Moreover, cleanup projects were delayed as a result of numerous fieldwork activities being postponed. The availability of critical tools and supplies was delayed by supply chain disruptions. Furthermore, the pandemic added to environmental difficulties due to the increased use of single-use plastics and medical waste. Hence, the immediate impact of COVID-19 produced challenges in project execution and resource allocation within the industry.
The phytoremediation segment is expected to be the largest during the forecast period
The phytoremediation segment is estimated to hold the largest share. It is a method for environmentally friendly cleanup that uses plants to reduce and eliminate pollutants from soil, water, and the air. Moreover, urban areas and brownfield redevelopment benefit most from phytoremediation since it provides a practical and attractive remedy for cleaning up polluted places, it is a developing area of bioremediation that is in line with the increased emphasis on environmentally friendly and sustainable solutions for reducing environmental pollution and reviving polluted ecosystems. These are thus the long-term solutions for reducing environmental pollution and repairing damaged ecosystems, thereby promoting market growth.
The soil remediation segment is expected to have the highest CAGR during the forecast period
The soil remediation segment is anticipated to have highest CAGR during the forecast period due to the rapid industrialization and lack of appropriate methods to release hazardous waste into the soil untreated, which has resulted in a rise in harmful toxic pollutants in the soil. Moreover, solvents, paints, oils, dyes, organic waste sites, and other synthetic compounds have all been detoxified using various in-situ bioremediation processes. Additionally, the strategy for bioremediation is created after studying the soil and taking legal compliance into account, which is anticipated to propel revenue growth of the market.
Region with largest share:
North America commanded the largest market share during the extrapolated period owing to the number of businesses providing bioremediation services has significantly increased in the recent past. Furthermore, the market in this area is likely to experience revenue growth due to an increase in the frequency of government financing for research and development (R&D) activities across several bioremediation field segments. For instance, as part of the scheme, the Climate Improvements by means of Modern Biotechnology (CLIMB) Center would offer funds for financing in three major areas: biomonitoring, bioremediation, and carbon capture. Therefore, this is anticipated to increase the demand for bioremediation and fuel market expansion in the area.
Region with highest CAGR:
Europe is expected to witness profitable growth over the projection period, owing to the introduction of genome editing techniques like CRISPR-Cas has aided in the production of new microorganisms that can be utilized for bioremediation, leading to a rapid expansion in interdisciplinary fields like genomics, metabolomics, and proteomics. Furthermore, the EU-funded ELECTRA project will deliver two novel sets of cutting-edge electromicrobiological technologies designed to speed up the removal of contaminants from contaminated soil, sediment, and rivers. Thus, it makes use of recent advances in biotechnology, and long-term revenue growth for the industry is anticipated to be driven by this.
Key players in the market:
Some of the key players in the Bioremediation Market include: Altogen Labs, Aquatech International Corp., Drylet, Inc., Envirogen Technologies, Inc., InSitu Remediation Services Limited, Ivey International, Inc., MicroGen Biotech Ltd., Newterra Ltd., Oil Spill Eater International, Inc., Probiosphere, Inc., Sarva Bio Remed, LLC, Sumas Remediation Service, Inc. and Xylem, Inc.
Key Developments:
In August 2023, Altogen Labs, a preclinical CRO laboratory, has announced the validation of a comprehensive array of 10 lung cancer xenograft models.
In October 2022, Newterra Inc. acquired H2O Engineering Inc. The acquisition can help Newterra to expand its reach into other segments such as controlled environment agriculture, light industrial, remediation, and beverage sectors while enhancing its service delivery, engineering design, and manufacturing base on the West Coast.
In November 2020, In-Situ is introduced RDO Blue, the latest innovation in Optical Rugged Dissolved Oxygen technology, specifically designed to meet the DO-monitoring needs of the aquaculture industry.
Types Covered:
- In Situ Bioremediation
- Ex Situ Bioremediation
- Other Types
Services Covered:
- Soil Remediation
- Wastewater Remediation
- Oilfield Remediation
- Other Services
Technologies Covered:
- Phytoremediation
- Bioreactors
- Bioaugmentation
- Biostimulation
- Land-based Treatments
- Fungal Remediation
- Other Technologies
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Technology Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Bioremediation Market, By Type
- 5.1 Introduction
- 5.2 In Situ Bioremediation
- 5.3 Ex Situ Bioremediation
- 5.4 Other Types
6 Global Bioremediation Market, By Service
- 6.1 Introduction
- 6.2 Soil Remediation
- 6.3 Wastewater Remediation
- 6.4 Oilfield Remediation
- 6.5 Other Services
7 Global Bioremediation Market, By Technology
- 7.1 Introduction
- 7.2 Phytoremediation
- 7.3 Bioreactors
- 7.4 Bioaugmentation
- 7.5 Biostimulation
- 7.6 Land-based Treatments
- 7.7 Fungal Remediation
- 7.8 Other Technologies
8 Global Bioremediation Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Altogen Labs
- 10.2 Aquatech International Corp.
- 10.3 Drylet, Inc.
- 10.4 Envirogen Technologies, Inc.
- 10.5 InSitu Remediation Services Limited
- 10.6 Ivey International, Inc.
- 10.7 MicroGen Biotech Ltd.
- 10.8 Newterra Ltd.
- 10.9 Oil Spill Eater International, Inc.
- 10.10 Probiosphere, Inc.
- 10.11 Sarva Bio Remed, LLC
- 10.12 Sumas Remediation Service, Inc.
- 10.13 Xylem, Inc.
List of Tables
- Table 1 Global Bioremediation Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Bioremediation Market Outlook, By Type (2021-2030) ($MN)
- Table 3 Global Bioremediation Market Outlook, By In Situ Bioremediation (2021-2030) ($MN)
- Table 4 Global Bioremediation Market Outlook, By Ex Situ Bioremediation (2021-2030) ($MN)
- Table 5 Global Bioremediation Market Outlook, By Other Types (2021-2030) ($MN)
- Table 6 Global Bioremediation Market Outlook, By Service (2021-2030) ($MN)
- Table 7 Global Bioremediation Market Outlook, By Soil Remediation (2021-2030) ($MN)
- Table 8 Global Bioremediation Market Outlook, By Wastewater Remediation (2021-2030) ($MN)
- Table 9 Global Bioremediation Market Outlook, By Oilfield Remediation (2021-2030) ($MN)
- Table 10 Global Bioremediation Market Outlook, By Other Services (2021-2030) ($MN)
- Table 11 Global Bioremediation Market Outlook, By Technology (2021-2030) ($MN)
- Table 12 Global Bioremediation Market Outlook, By Phytoremediation (2021-2030) ($MN)
- Table 13 Global Bioremediation Market Outlook, By Bioreactors (2021-2030) ($MN)
- Table 14 Global Bioremediation Market Outlook, By Bioaugmentation (2021-2030) ($MN)
- Table 15 Global Bioremediation Market Outlook, By Biostimulation (2021-2030) ($MN)
- Table 16 Global Bioremediation Market Outlook, By Land-based Treatments (2021-2030) ($MN)
- Table 17 Global Bioremediation Market Outlook, By Fungal Remediation (2021-2030) ($MN)
- Table 18 Global Bioremediation Market Outlook, By Other Technologies (2021-2030) ($MN)
- Table 19 North America Bioremediation Market Outlook, By Country (2021-2030) ($MN)
- Table 20 North America Bioremediation Market Outlook, By Type (2021-2030) ($MN)
- Table 21 North America Bioremediation Market Outlook, By In Situ Bioremediation (2021-2030) ($MN)
- Table 22 North America Bioremediation Market Outlook, By Ex Situ Bioremediation (2021-2030) ($MN)
- Table 23 North America Bioremediation Market Outlook, By Other Types (2021-2030) ($MN)
- Table 24 North America Bioremediation Market Outlook, By Service (2021-2030) ($MN)
- Table 25 North America Bioremediation Market Outlook, By Soil Remediation (2021-2030) ($MN)
- Table 26 North America Bioremediation Market Outlook, By Wastewater Remediation (2021-2030) ($MN)
- Table 27 North America Bioremediation Market Outlook, By Oilfield Remediation (2021-2030) ($MN)
- Table 28 North America Bioremediation Market Outlook, By Other Services (2021-2030) ($MN)
- Table 29 North America Bioremediation Market Outlook, By Technology (2021-2030) ($MN)
- Table 30 North America Bioremediation Market Outlook, By Phytoremediation (2021-2030) ($MN)
- Table 31 North America Bioremediation Market Outlook, By Bioreactors (2021-2030) ($MN)
- Table 32 North America Bioremediation Market Outlook, By Bioaugmentation (2021-2030) ($MN)
- Table 33 North America Bioremediation Market Outlook, By Biostimulation (2021-2030) ($MN)
- Table 34 North America Bioremediation Market Outlook, By Land-based Treatments (2021-2030) ($MN)
- Table 35 North America Bioremediation Market Outlook, By Fungal Remediation (2021-2030) ($MN)
- Table 36 North America Bioremediation Market Outlook, By Other Technologies (2021-2030) ($MN)
- Table 37 Europe Bioremediation Market Outlook, By Country (2021-2030) ($MN)
- Table 38 Europe Bioremediation Market Outlook, By Type (2021-2030) ($MN)
- Table 39 Europe Bioremediation Market Outlook, By In Situ Bioremediation (2021-2030) ($MN)
- Table 40 Europe Bioremediation Market Outlook, By Ex Situ Bioremediation (2021-2030) ($MN)
- Table 41 Europe Bioremediation Market Outlook, By Other Types (2021-2030) ($MN)
- Table 42 Europe Bioremediation Market Outlook, By Service (2021-2030) ($MN)
- Table 43 Europe Bioremediation Market Outlook, By Soil Remediation (2021-2030) ($MN)
- Table 44 Europe Bioremediation Market Outlook, By Wastewater Remediation (2021-2030) ($MN)
- Table 45 Europe Bioremediation Market Outlook, By Oilfield Remediation (2021-2030) ($MN)
- Table 46 Europe Bioremediation Market Outlook, By Other Services (2021-2030) ($MN)
- Table 47 Europe Bioremediation Market Outlook, By Technology (2021-2030) ($MN)
- Table 48 Europe Bioremediation Market Outlook, By Phytoremediation (2021-2030) ($MN)
- Table 49 Europe Bioremediation Market Outlook, By Bioreactors (2021-2030) ($MN)
- Table 50 Europe Bioremediation Market Outlook, By Bioaugmentation (2021-2030) ($MN)
- Table 51 Europe Bioremediation Market Outlook, By Biostimulation (2021-2030) ($MN)
- Table 52 Europe Bioremediation Market Outlook, By Land-based Treatments (2021-2030) ($MN)
- Table 53 Europe Bioremediation Market Outlook, By Fungal Remediation (2021-2030) ($MN)
- Table 54 Europe Bioremediation Market Outlook, By Other Technologies (2021-2030) ($MN)
- Table 55 Asia Pacific Bioremediation Market Outlook, By Country (2021-2030) ($MN)
- Table 56 Asia Pacific Bioremediation Market Outlook, By Type (2021-2030) ($MN)
- Table 57 Asia Pacific Bioremediation Market Outlook, By In Situ Bioremediation (2021-2030) ($MN)
- Table 58 Asia Pacific Bioremediation Market Outlook, By Ex Situ Bioremediation (2021-2030) ($MN)
- Table 59 Asia Pacific Bioremediation Market Outlook, By Other Types (2021-2030) ($MN)
- Table 60 Asia Pacific Bioremediation Market Outlook, By Service (2021-2030) ($MN)
- Table 61 Asia Pacific Bioremediation Market Outlook, By Soil Remediation (2021-2030) ($MN)
- Table 62 Asia Pacific Bioremediation Market Outlook, By Wastewater Remediation (2021-2030) ($MN)
- Table 63 Asia Pacific Bioremediation Market Outlook, By Oilfield Remediation (2021-2030) ($MN)
- Table 64 Asia Pacific Bioremediation Market Outlook, By Other Services (2021-2030) ($MN)
- Table 65 Asia Pacific Bioremediation Market Outlook, By Technology (2021-2030) ($MN)
- Table 66 Asia Pacific Bioremediation Market Outlook, By Phytoremediation (2021-2030) ($MN)
- Table 67 Asia Pacific Bioremediation Market Outlook, By Bioreactors (2021-2030) ($MN)
- Table 68 Asia Pacific Bioremediation Market Outlook, By Bioaugmentation (2021-2030) ($MN)
- Table 69 Asia Pacific Bioremediation Market Outlook, By Biostimulation (2021-2030) ($MN)
- Table 70 Asia Pacific Bioremediation Market Outlook, By Land-based Treatments (2021-2030) ($MN)
- Table 71 Asia Pacific Bioremediation Market Outlook, By Fungal Remediation (2021-2030) ($MN)
- Table 72 Asia Pacific Bioremediation Market Outlook, By Other Technologies (2021-2030) ($MN)
- Table 73 South America Bioremediation Market Outlook, By Country (2021-2030) ($MN)
- Table 74 South America Bioremediation Market Outlook, By Type (2021-2030) ($MN)
- Table 75 South America Bioremediation Market Outlook, By In Situ Bioremediation (2021-2030) ($MN)
- Table 76 South America Bioremediation Market Outlook, By Ex Situ Bioremediation (2021-2030) ($MN)
- Table 77 South America Bioremediation Market Outlook, By Other Types (2021-2030) ($MN)
- Table 78 South America Bioremediation Market Outlook, By Service (2021-2030) ($MN)
- Table 79 South America Bioremediation Market Outlook, By Soil Remediation (2021-2030) ($MN)
- Table 80 South America Bioremediation Market Outlook, By Wastewater Remediation (2021-2030) ($MN)
- Table 81 South America Bioremediation Market Outlook, By Oilfield Remediation (2021-2030) ($MN)
- Table 82 South America Bioremediation Market Outlook, By Other Services (2021-2030) ($MN)
- Table 83 South America Bioremediation Market Outlook, By Technology (2021-2030) ($MN)
- Table 84 South America Bioremediation Market Outlook, By Phytoremediation (2021-2030) ($MN)
- Table 85 South America Bioremediation Market Outlook, By Bioreactors (2021-2030) ($MN)
- Table 86 South America Bioremediation Market Outlook, By Bioaugmentation (2021-2030) ($MN)
- Table 87 South America Bioremediation Market Outlook, By Biostimulation (2021-2030) ($MN)
- Table 88 South America Bioremediation Market Outlook, By Land-based Treatments (2021-2030) ($MN)
- Table 89 South America Bioremediation Market Outlook, By Fungal Remediation (2021-2030) ($MN)
- Table 90 South America Bioremediation Market Outlook, By Other Technologies (2021-2030) ($MN)
- Table 91 Middle East & Africa Bioremediation Market Outlook, By Country (2021-2030) ($MN)
- Table 92 Middle East & Africa Bioremediation Market Outlook, By Type (2021-2030) ($MN)
- Table 93 Middle East & Africa Bioremediation Market Outlook, By In Situ Bioremediation (2021-2030) ($MN)
- Table 94 Middle East & Africa Bioremediation Market Outlook, By Ex Situ Bioremediation (2021-2030) ($MN)
- Table 95 Middle East & Africa Bioremediation Market Outlook, By Other Types (2021-2030) ($MN)
- Table 96 Middle East & Africa Bioremediation Market Outlook, By Service (2021-2030) ($MN)
- Table 97 Middle East & Africa Bioremediation Market Outlook, By Soil Remediation (2021-2030) ($MN)
- Table 98 Middle East & Africa Bioremediation Market Outlook, By Wastewater Remediation (2021-2030) ($MN)
- Table 99 Middle East & Africa Bioremediation Market Outlook, By Oilfield Remediation (2021-2030) ($MN)
- Table 100 Middle East & Africa Bioremediation Market Outlook, By Other Services (2021-2030) ($MN)
- Table 101 Middle East & Africa Bioremediation Market Outlook, By Technology (2021-2030) ($MN)
- Table 102 Middle East & Africa Bioremediation Market Outlook, By Phytoremediation (2021-2030) ($MN)
- Table 103 Middle East & Africa Bioremediation Market Outlook, By Bioreactors (2021-2030) ($MN)
- Table 104 Middle East & Africa Bioremediation Market Outlook, By Bioaugmentation (2021-2030) ($MN)
- Table 105 Middle East & Africa Bioremediation Market Outlook, By Biostimulation (2021-2030) ($MN)
- Table 106 Middle East & Africa Bioremediation Market Outlook, By Land-based Treatments (2021-2030) ($MN)
- Table 107 Middle East & Africa Bioremediation Market Outlook, By Fungal Remediation (2021-2030) ($MN)
- Table 108 Middle East & Africa Bioremediation Market Outlook, By Other Technologies (2021-2030) ($MN)
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