According to the most recent analysis by Emergen Research, the global market for microbial bioremediation had a value of USD 46,865.2 million in 2021 and is projected to grow at a rate of 11.0 percent during the forecast period.
According to the most recent analysis by Emergen Research, the global market for microbial bioremediation had a value of USD 46,865.2 million in 2021 and is projected to grow at a rate of 11.0 percent during the forecast period. Through microbial activity, biodegradation is a very lucrative and alluring method for purifying, regulating, and rebuilding contaminated ecosystems. Market expansion is anticipated to be aided by a greater emphasis on utilising modern technology for the benefit of society and the environment.
Numerous businesses, governmental bodies, and non-governmental groups are becoming interested in microbial bioremediation because to its many advantages. As a result, the rate of expansion has accelerated, and technology and services have advanced. For instance, MicroGen Biotech raised USD 3.8 million in Series A funding from American and European Agtech investors in May 2020 to enhance food safety and soil health worldwide.
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One of the key factors boosting the capabilities of modern technologies is the expansion of collaborations between market players. For instance, in March 2020, Roche Ireland Limited and Verde Environmental Consultants Limited began a five-year agreement for the provision of environmental consulting services at Roche’s Clarecastle Pharmaceutical Plant. Through a phase of decommissioning, decontamination, strip-out, demolition, and brownfield site reinstatement, the location is currently changing from an active manufacturing site to a brownfield site.
However, inconsistent government restrictions in different nations and a temporary drop in demand from the oil and gas sector due to COVID-19 are some of the issues hindering market expansion.
Some Key Highlights From the Report
- The organic pollutants segment’s income is anticipated to grow at a significantly high CAGR throughout the projection period based on pollutants. Chemical pollutants of the organic variety include Dichlorodiphenyltrichloroethane (DDT), liquid manure, sewage treatment sludge, and others. Utilizing microorganisms to totally convert organic pollutants to water and carbon dioxide or to less hazardous forms is known as microbial remediation of organic pollutants. Over the course of the forecast period, the category for organic pollutants is anticipated to hold a sizable market share.
- Due to its numerous applications in the bioremediation process, the bacteria segment, which is based on organisms, is anticipated to experience a considerably strong revenue growth rate over the course of the projection period.
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- Due to growing urbanisation and the existence of major market players who offer bioremediation applications, North America is anticipated to see a significantly stable revenue growth rate over the course of the projection period. The U.S. government is weighing the advantages and disadvantages of bioremediation methods in order to concentrate on monitoring and resolving contamination issues and safeguard future generations from resource constraint. For instance, the U.S. Army Corps of Engineers is using bioremediation methods to clean groundwater contaminated by explosives. Additionally, these activities are probably going to boost the market’s growth potential throughout the region.
- Altogen Labs, Carus, Corp., Drylet LLC, Envirogen Technologies, Kankyo Group, Microgen Biotech, Ltd., Regenesis, Verde Environmental Group, Advanced Microbial Services, Inc., Probiosphere Inc., Geovation Engineering P.C., JRW Bioremediation Llc, RNAS Remediation Products, and Envera are a few of the major companies mentioned in the market report (U.S.).
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Emergen Research has segmented global microbial bioremediation based on pollutants, organisms, type, technology, application, end-use, and region:
- Pollutants Outlook (Revenue, USD Million; 2019–2030)
- Organic Pollutants
- Inorganic Pollutants
- Organisms Outlook (Revenue, USD Million; 2019–2030)
- Bacteria
- Fungi
- Archaea
- Type Outlook (Revenue, USD Million; 2019–2030)
- In Situ Bioremediation
- Ex Situ Bioremediation
- Technology Outlook (Revenue, USD Million; 2019–2030)
- Bio-stimulation
- Bioattenuation
- Bioaugmentation
- Bioventing
- Biopiling
- Land-Based Treatments
- Biofilters
- Application Outlook (Revenue, USD Million; 2019–2030)
- Soil Remediation
- Wastewater
- Remediation
- Oilfield Remediation
- Others Applications
- End-use Outlook (Revenue, USD Million; 2019–2030)
- Commercial
- Residential
- Regional Outlook (Revenue, USD Million; 2019–2030)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- Africa
- Rest of MEA
- North America
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