Bioremediation Technology And Services Market Demand, Investment And Forecast 2028

According to Premium Market Insights new research study on "Bioremediation Technology And Services Market is projected to reach US$ 11.90 billion by 2028 from US$ 20.95 billion in 2021; it is expected to grow at a CAGR of 8.4% during 2021-2028. The market growth is mainly attributed to government regulations and funding for research & development activities in bioremediation globally.

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Some Of the Major Players Influencing are Xylem Inc., REGENESIS, Aquatech International LLC., Drylet, Inc., Altogen Labs, InSitu Remediation Services Limited, Probiosphere, Ivey International Inc., Sumas Remediation Services, Inc., Sarva Bio Remed, LLC.

Zinc oxide is an essential ingredient in many enzymes, sunscreens, and ointments for pain and itch relief. Its microcrystals are very efficient light absorbers in the ultraviolet A and B region of spectra due to wide-bandgap. The impact of zinc oxide on biological functions depends on its morphology, particle size, exposure time, concentration, pH, and biocompatibility. They are more effective against microorganisms such as bacillus subtilis, bacillus megaterium, staphylococcus aureus, sarcina lutea, escherichia coli, pseudomonas aeruginosa, klebsiella pneumonia, pseudomonas vulgaris, candida albicans, and aspergillus niger.

The Environmental Protection Agency is the primary federal agency in charge of enforcing environmental regulations in the US. Most countries have environmental protection agencies that assist in implementing laws concerning environmental issues and human health protection. Governments of various countries are funding for research & development activities in bioremediation. For instance, the EiCLaR project was launched in January 2021. The EU and PR China-i.e., including 13 Europe and 5 Chinese partners-collaborated on this US$ 7.48 million project. Over the next 48 months, EiCLaR will develop scientific and technical innovations for in situ bioremediation technologies that will be directly developed into industrial processes for rapid, efficient, and cost-effective treatment of various pollutants such as chlorinated solvents, heavy metals, and pesticides.

In addition, the partnership program, which focuses on cooperation between academics, industries, government, and other entities, received UBC Science researchers funding worth US$ 1.2 million in May 2019. The Natural Sciences and Engineering Research Council of Canada's (NSERC) Strategic Partnership Grants program has awarded funding to five UBC projects, including green chemistry and microbial bioremediation. These successful applications prompted private and government entities to invest in advancements in bioremediation technology.

Similarly, the US National Institute of Environmental Health Sciences' Superfund Research Program promotes research in innovative bioremediation technologies for hazardous wastes. The US Department of Energy's Biological and Environmental Research program has also supported the research. Bioremediation research is also supported by international public institutes in India and China. Due to such funding, scientists are creating genetically modified microorganisms (GMMs) with a wide range of possible bioremediation applications.

Furthermore, the Department of Energy's (DoE) Office of Health and Environmental Research sponsored a workshop to promote its new foundational scientific program in Natural and Accelerated Bioremediation Research (NABIR). The NABIR program aims to provide the scientific knowledge needed to harness natural processes for bioremediation and to create techniques to speed up these processes for the bioremediation of contaminated sediments, soils, and groundwater at DoE facilities. NABIR focuses on bioremediation of complex contaminant mixtures, primarily emphasizing metals, radionuclides, solvents, explosives (e.g., TNT, HMX, RDX), chelating agents, and organic acids. Natural and Accelerated Bioremediation Research (NABIR) is the only federal program that funds fundamental bioremediation research on environmental metal and radionuclide contamination. The program's greatest strength is bringing together skills and knowledge from various fields to tackle complex research challenges. NABIR's findings will affect the development of successful bioremediation methods and contribute a new understanding of the microbiological and geochemical functions. These advancements may lead to more effective natural resource stewardship and DoE site rehabilitation.

Also, the Agriculture-Based Remediation Program is funding the Technology Development and Training in Bioremediation project, led by the University of Hawaii (ABRP). The United States Department of Agriculture's Cooperative State Research, Education, and Extension Service (USDA-CSREES), the United States Army Environmental Center (USAEC), and the United States Army Corps of Engineers Waterways Experiment Station have all contributed to the program's success (USACE-WES). The project aims to enhance bioremediation skills locally, grow a bioremediation sector that can service Hawaii and other parts of Asia Pacific, and raise public awareness of agriculture-based bioremediation technology.

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Thus, the continuous funding for research & development activities in bioremediation by the governments is expected to drive the bioremediation technology and services market.
Type-Based Insights
Based on type, the global bioremediation technology and services market is segmented into in situ bioremediation and ex situ bioremediation. In 2021, the in situ bioremediation segment held a larger share of the market and is expected to register a higher CAGR in during 2021-2028. Advantages offered by in situ bioremediation and the number of in situ bioremediation projects launched by the collaboration of private and government organizations in the global markets are factors expected to drive the segment growth during the forecast period.

Technology-Based Insights
Based on technology, the bioremediation technology and services market is segmented into phytoremediation, bio stimulation, bioaugmentation, bioreactors, fungal remediation, and land-based treatments. The phytoremediation segment held the largest market share in 2021. However, the fungal remediation is expected to hold a significant market share during the forecast period.

Service-Based Insights
Based on services, the bioremediation technology and services market is segmented into soil remediation, wastewater remediation, oilfield remediation, and others. The soil remediation segment held the largest market share in 2021. However, the oilfield remediation segment is expected to hold a significant market share during the forecast period.

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A few major primary and secondary sources referred to while preparing the report on the global bioremediation technology and services market are the Federal Ministry of Research and Technology (BMFT), UK environment agency, World Health Organizations (WHO), Organization of the Petroleum Exporting Countries (OPEC), Organization of the Petroleum Exporting Countries (OPAC), Journal of Bioremediation & Biodegradation, Worldometer.

Table Of Contents
1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Bioremediation Technology and Services Market - By Type
1.3.2 Global Bioremediation Technology and Services Market - By Technology
1.3.3 Global Bioremediation Technology and Services Market - By Service
1.3.4 Global Bioremediation Technology and Services Market - By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Bioremediation Technology and Services Market - Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 Asia Pacific PEST Analysis
4.2.4 Middle East and Africa PEST Analysis
4.2.5 South and Central America PEST Analysis
4.3 Experts Opinion
5. Bioremediation Technology and Services Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Government Regulations and Funding for Research & Development Activities in Bioremediation
5.1.2 Rise in Awareness About Scarcity of Natural Resources such as Water and Oil
5.2 Market Restraints
5.2.1 Long Duration of Bioremediation Treatment
5.3 Market Opportunities
5.3.1 Rising Level of Micro-Nano Plastics (MNPs) in natural Ecosystem
5.4 Future Trends
5.4.1 Nanobiotechnology for Bioremediation
5.5 Impact Analysis
Continued…...!

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This release was published on openPR.