Global Bioremediation Technology & Services Market: Industry Development Scenario and Forecast to 2025

Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Bioremediation Technology & Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025” offers a detailed analysis of the market providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the global Bioremediation Technology & Services market have been elaborated upon in the research report.

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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.

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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

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