Bioremediation Technology and Services: Natural phenomenon of eliminating or stabilizing contamination
Market Overview According to a new report published by Reports Monitor titled, “Bioremediation Technology and Services Market by Technology, and Services: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the bioremediation technology and services market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
In past couple of years the ecosystem has got affected badly due to direct release of industrial wastes into the natural environment. Therefore there is high demand for easy and reliable methods to neutralize this hazardous material from contaminating various sites. Bioremediation technology and services serves this purpose. The technology uses microorganism’s metabolism to remove pollutants. Water and soil ecology polluted with oil and other industrial waste degradation is accomplished by organisms that survive on hydrocarbons. Bioremediation reinstates the environment to its natural state after excluding toxic material from a site.
The compelling urgency and rising awareness regarding bioremediation has intensified the growth of the market. Growing number of gas and oil companies are forced to follow bioremediation technology and services so as to reinstate surroundings back to its normal state after frequent incidences of oil spills in ocean. Rising industrialization, government supportive activities aiming to achieve environment sustainability and need for pollution free environment in order to have healthy life further boosts the growth of the market. However, risk of fatal infections such as jaundice or diarrhoea etc. are popping up owing to exposure of contaminated waste to healthy living beings that might hinder the growth of the market. Rising number of companies offering bioremediation services as well as new product launch and huge investment in R&D favours the growth of the market in North America. According to EPA 2016 estimates, approximately $ 271 billion will be required to regulate and improve the wastewater infrastructure of the U.S. This is anticipated to incorporate worthwhile growth opportunities for companies engaged in the wastewater management in coming few years.
The global bioremediation technology and services market is segmented on the basis of technology, services and region. Considering technology segment market is categorized into phytoremediation, bioaugmentation, biostimulation, bioreactors, fungal remediation and land based treatments. In terms of services the market is separated into soil remediation, oilfield remediation, waste water remediation and other.
Key Players In Current scenario the bioremediation technologies and services market is highly fragmented in nature due to presence of many established and emerging players in the industry. Major players operating in the market are Altogen Labs, Ivey International, Inc., InSitu Remediation Services Limited, Sarva Bio Remed, LLC, PROBIOSPHERE Inc., REGENESIS, Aquatech International LLC, Drylet, LLC, Environmental Services, Inc., Sumas Remediation Services Inc., and Xylem Inc.
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