Bioremediation Technology & Services Market
Bioremediation Technology & Services Market (Services - Soil Remediation, Wastewater Remediation, and Oilfield Remediation; Technology - Phytoremediation, Biostimulation, Bioaugmentation, Bioreactors, Fungal Remediation, and Land-based Treatments) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Press Release :
Global Bioremediation Technology & Services Market: Snapshot
Bioremediation is a scientific waste management process that uses various, fungi, microorganisms, green plants and their enzymes to reinstate the environment to its original state after removing pollutants from a contaminated site. Bioremediation of water and soil, which is polluted by oil and other industrial waste; is performed by a variety of microorganisms that survive on hydrocarbons. Degradation of pollutants by bacterial microorganisms breaks down the hazardous substances into less toxic biodegradable substances. However, not all pollutants and contaminants are treated by bioremediation using microorganisms. The rise in awareness program and industrialization have been driving the bioremediation technology & services companies in the health care & biotechnology industry toward co-development of bioremediation technology & services market and other services. Risk of infection due disposal of waste water from industries can increase some serious diseases such as diarrhoea, jaundice, etc. This factors can restrain the market growth.
Fungal Remediation Segment Held Dominance among Available Technologies
Based on technology, the bioremediation technology & services market is segmented as phytoremediation, biostimulation, bioaugmentation, bioreactors, fungal remediation, and land-based treatments. The fungal remediation segment dominated the global bioremediation technology & services market accounting for the growing market share by 2025 as these technology are mostly utilized by the pharmaceutical, heavy metal industries for treating pollution of waterways, radioactive contaminated areas, etc. According to the Journal of Bioremediation & Biodegradation, only 15% to 35% of respondents use bioremediation technologies to address environmental pollution problems, of which low-cost in situ bioremediation technologies has increased usage of fungi or biomass remediation procedures to treat contaminated soil in the U.S. The phytoremediation segment is also expected to register the fastest growth during the forecast period due to increase in number of metal-contaminated sites, rapid industrialization, and deeper soil contamination with toxic radioactive pollutants. Biostimulation segment is projected to grow with the highest CAGR between 2017 and 2025 due to rise in oil trading, emerging use of biostimulation products in cosmetic applications, and increase in oil-contaminated sites. According to the Brazilian Archives of Biology and Technology, biostimulation is the best study for rehabilitation of used motor oil contaminated soil at commercial level due to its highest rate of metal removal process. Biostimulation has 2.1% metal removal rate compared to bioaugmentation technology
Bioremediation technology & services are established by various industries with different services including soil remediation, wastewater remediation, oilfield remediation, and others. The waste water remediation segment held the largest market share in 2016 owing to increasing decentralized approach (traditional end-of-pipe solutions) to treat the selected wastewater streams globally. The segment is also projected to grow at the fastest CAGR within the services segment. The major factor driving the wastewater remediation services segment is that new wastewater treatment technologies for optimizing resource consumption, rise in discharge of effluents from industries are some of the key factors responsible for the preference for services over oilfield remediation and soil remediation. Furthermore, initiation of various programs by UNESCO is also one of the factors raising the attractiveness of the wastewater remediation segment. Based on the services segment, soil remediation is expected to have second higher market share by 2025 in compare to oilfield remediation, and other segments. The major factors which fuels the soil remediation segment is that rapid industrialization, increase in disposal of pharmaceutical products, and rise in use of asbestos, harmful insecticides, and pesticides, petroleum hydrocarbons, chlorinated solvents, and even pollutants. The oilfield remediation segment is likely to grow with higher CAGR between 2017 and 2025.
North America Owes its Dominance to Presence of Several Companies Therein
The global bioremediation technology & services market has been segmented into five major regions, namely, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa., which are further categorized into various countries under each region. North America dominated the global bioremediation technology & services market in 2016 with the growing market share due to factors such as rise in the number of companies offering bioremediation services as well as new product launches in the region. Furthermore, growing recommendation for the rise in funding by local governments for bioremediation-related research are also boosting the growth of the bioremediation technology & services market in North America. According to the U.S. Environmental Protection Agency (EPA) 2016 estimates, about US$ 271 Bn will be required to maintain and upgrade the wastewater infrastructure of the U.S. This is expected to offer lucrative growth opportunities for companies involved in the wastewater management in the next few years. In August 2017, the government of Canada announced its intention to invest US$ 149,984 in establishing a laboratory and field analysis facility that would be used to conduct research on bioremediation and bio-mining wastes which is likely to drive the growth of the bioremediation technology & services market. However, Asia Pacific is projected to highest growth rate over the forecast period. The rationale behind such high growth has been attributed due to increasing industrialization and urbanization that has resulted in serious environmental pollution problems. Moreover, improving government initiatives for river conservation through bioremediation and involvement of public–private partnerships for bioremediation-related activities would also drive the growth of the bioremediation technology & services market by 2025.
Major factors attributed to its dominance are product portfolio, acquisitions, and widespread market presence. Other players in the global bioremediation technology & services market include Altogen Labs, Aquatech International LLC, Drylet, LLC, InSitu Remediation Services Limited, Ivey International, Inc., PROBIOSPHERE Inc., REGENESIS, Sarva Bio Remed, LLC, Sevenson, Environmental Services, Inc., Soilutions Ltd, Sumas Remediation Services Inc., Xylem Inc.; and Others.
Global Bioremediation Technology & Services Market: Overview
This report on the bioremediation technology & services market analyzes the current and future scenario of the global market. Large number of industrialization, oil spills and soil pollution are increasing the usage of bioremediation technology & services. Government regulations and initiatives for environmental sustainability and increasing awareness about water scarcity in the future are the major drivers of the global bioremediation technology & services market.
The bioremediation technology & services market report comprises an elaborate executive summary, which includes a market snapshot that provides information about various segments of the market. It also provides information and data analysis of the global market with respect to the segments based on technology, services, and geography. A detailed qualitative analysis of drivers and restraints of the market and opportunities has been provided in the market overview section. In addition, the section comprises competitive matrix and company profiles with business overview to understand the competitive landscape in the market. This section of the report also provides market attractiveness analysis, by geography and market share analysis by key players, thus presenting a thorough analysis of the overall competitive scenario in the global bioremediation technology & services market.
Global Bioremediation Technology & Services Market: Key Segments
Based on technology, the market has been segmented into phytoremediation, biostimulation, bioaugmentation, bioreactors, fungal remediation, and land-based treatments. The technology market segments have been analyzed based on available approved technology, cost-effectiveness, and preference for industries. The market size and forecast for each of these segments have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year.
Based on services, the bioremediation technology & services market has been segmented into four major categories: soil remediation, wastewater remediation, oilfield remediation, and others. The market segments have been extensively analyzed based on new technologies, increasing demand for environment services, increasing demand for bioremediation technologies and the geographical coverage. The market size and forecast in terms of US$ Mn for each segment have been provided for the period from 2015 to 2025. The report also provides the compound annual growth rate (CAGR %) for each market segment for the forecast period from 2017 to 2025, considering 2016 as the base year.
Global Bioremediation Technology & Services Market: Regional Outlook
Geographically, the global bioremediation technology & services market has been categorized into five major regions and the key countries in the respective region: North America (the U.S., Canada), Europe (the U.K., Germany, France, Spain, Italy, and Rest of Europe), Asia Pacific ex. Japan (India, China, Australia & New Zealand and Rest of Asia Pacific), Japan, Latin America (Brazil, Mexico, and Rest of Latin America) and Middle East & Africa (South Africa, GCC countries and Rest of Middle East & Africa). The market size and forecast for each of these regions and the mentioned countries have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year. The research study also covers the competitive scenario in these regions.
Companies Mentioned in Report
The report also profiles major players in the global Bioremediation Technology & Services Market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. The major players in the bioremediation technology & services market are – Altogen Labs, Aquatech International LLC, Drylet, LLC, InSitu Remediation Services Limited, Ivey International, Inc., PROBIOSPHERE Inc., REGENESIS, Sarva Bio Remed LLC, Sevenson, Environmental Services, Inc., Soilutions Ltd, Sumas Remediation Services Inc., Xylem Inc.; and Others.
The global bioremediation technology & services market is segmented as given below: