The bioremediation technology and services market is projected to reach US$ 20.95 billion by 2028 from US$ 11.90 billion in 2021; it is estimated to grow at a CAGR of 8.4% from 2021 to 2028.
The use of biological organisms to clean up groundwater, soil, and underground is known as bioremediation. Bioremediation professionals mimic and stimulate nature's biodegradation processes to remediate pollutants, including oil, pesticides, solvents, and different petroleum products. It is the process of breaking down hazardous compounds into non-toxic or less toxic substances using naturally occurring microbes.
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Bioremediation Technology and Services Market: Strategic Insights
Market Size Value in US$ 11.90 Billion in 2021 Market Size Value by US$ 20.95 Billion by 2028 Growth rate CAGR of 8.4% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Bioremediation Technology and Services Market: Strategic Insights
| Market Size Value in | US$ 11.90 Billion in 2021 |
| Market Size Value by | US$ 20.95 Billion by 2028 |
| Growth rate | CAGR of 8.4% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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The bioremediation technology and services market is segmented on the basis of type, technology, service, and geography. The market, by geography, is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South and Central America. The report offers in-depth insights into the bioremediation technology and services market, emphasizing parameters such as market trends, technological advancements, and market dynamics, along with the analysis of the competitive landscape of leading market players.
Lucrative Regions for Bioremediation Technology and Services Market
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Market Insights
Government Regulations and Funding for Research & Development Activities in Bioremediation
Contributes Significantly to Bioremediation Technology and Services Market Growth
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, including 13 Europe and 5 Chinese partners, collaborate 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 the 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.
Thus, the continuous funding for research & development activities in bioremediation by the governments is expected to drive the bioremediation technology and services market.
Rise in Awareness About Scarcity of Natural Resources such as Water and Oil Contributes Significantly to Bioremediation Technology and Services Bioremediation Technology and Services Market Growth
Bioremediation is a waste management technology that uses microorganisms to break down toxic chemicals in soil, water, and air. Municipalities, government agencies, and industries may change the way organic chemical spills minimize their environmental impact. In Canada, terrestrial bioremediation has proven successful in the north, encouraging new research into its potential use in the marine environment. Governments have established appropriate policies and strict rules that provide opportunities to reduce water scarcity. Government policies play a crucial role in reducing the problem of water scarcity, and governments include projects and awareness programs to recognize the importance of water conservation so that countries can avoid water overexploitation.
The United Nations (UN) encourages the creation of national parks worldwide. The UN also established World Water Day to raise awareness and promote water conservation. Several organizations seek to spread awareness about the environment and promote activities and attitudes that lead to conserving the environment and natural resources. For instance, the partnership between the Fisheries and Oceans Canada (DFO) and the National Research Council (NRC) aims to determine the rate of petroleum biodegradation, especially in cold oceanic climates.
Many local and international organizations and some governments are taking initiatives in conservation efforts. For instance, in November 2021, Dr. Doug Muench, a professor in the Department of Biological Sciences, co-leading a multi-institutional grant valued over US$ 6.3 million from Genome Canada to improve constructed wetland treatment systems for the bioremediation of oilsands process-affected water (OSPW).
Furthermore, in August 2019, two McGill researchers developed a solution to cleanse marine oil spills on the Northwest Passage and the waters around Canada and secured US$ 3.7 million from the MultiPartner Research Initiative (MPRI). Minister Lametti announced funding for two research projects led by Concordia University. In total, this investment exceeds US$ 8.2 million and supports 19 graduate research positions.
Thus, the growing awareness about the scarcity of natural resources such as water and oil is expected to drive the bioremediation technology and services market during the forecast period.
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 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 segment 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.
Bioremediation Technology and Services Market, by Type – 2021 and 2028
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Product launches, and mergers and acquisitions are highly adopted strategies by the global bioremediation technology and services market players. A few of the recent key market developments are listed below:
In August 2021, Global water technology company, Xylem, invested in youth innovation to empower the next generation to solve the world’s greatest water challenges. The diverse program, including over 60 events in 2021, builds on Xylem’s 25-year sponsorship of the Stockholm Junior Water Prize with innovation competitions in addition to community outreach initiatives and a global innovation incubator program.
Environmental service contractors are at the forefront since they provide services and products. The pandemic impacted both materials and labor, which are two of the most expensive components of remediation projects, posing a threat to ongoing project delivery, company liquidity, and entire business models. The clean-up supply chain has been severely harmed, resulting in project delays and/or additional expenditures. As the world slowly recovers, the way businesses are conducted will never be the same. COVID-19 has altered the corporate landscape in general. Plastics have become a severe transboundary threat to natural ecosystems and human health, with studies predicting a twofold increase in the number of plastic debris (including micro and nano-sized plastics) by 2030. Such predictions will likely be aggravated by the excessive use and consumption of single-use plastics (including personal protective equipment such as masks and gloves) due to the COVID-19 pandemic. The pandemic has pushed the world into a new challenge of waste management.
Bioremediation Technology and Services – Market Segmentation
The global bioremediation technology and services market is segmented on the basis of type, technology, services, and geography. Based on type, the bioremediation technology and services market has been subsegmented into situ bioremediation and ex situ bioremediation. Based on technology, the bioremediation technology and services market is bifurcated into phytoremediation, bio stimulation, bioaugmentation, bioreactors, fungal remediation, and land-based treatments. Based on services, bioremediation technology and services market is segmented into soil remediation, wastewater remediation, oilfield remediation, and others. The market, by geography, is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South and Central America.
Company Profiles
- 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.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Technology, and Service
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, RoSCAM, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The use of biological organisms to clean up groundwater, soil, and underground contamination is known as bioremediation. Bioremediation professionals mimic and stimulate nature's biodegradation processes to remediate pollutants including oil, pesticides, solvents, and different petroleum products. It is the process of breaking down hazardous compounds into non-toxic or less toxic substances using naturally occurring microbes.
The factors that are driving and restraining factors that will affect the bioremediation technology and services market in the coming years. Factors such as government regulations and funding for research & development activities in bioremediation and a rise in awareness about the scarcity of natural resources such as water and oil are expected to drive the market. However, the long duration of bioremediation treatment is expected to hamper the market's growth.
The bioremediation technology and services market majorly consists of the players such as 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. amongst others.
The global bioremediation technology and services market based on type, is segmented into in situ bioremediation, and ex situ bioremediation. The in situ bioremediation,held the largest share of the market in 2021 and the same segment register the highest CAGR during the forecast period.
The List of Companies - Bioremediation Technology and Services Market
- 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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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