Global Bioremediation Market

Bioremediation Market Size, Share, Growth Analysis, By Type (Situ Bioremediation, And Ex Situ Bioremediation), By Technology (Biostimulation, Phytoremediation), By Service (Soil Remediation, Oilfield Remediation), By Region - Industry Forecast 2025-2032

Report ID: SQMIG20L2052 | Region: Global | Published Date: November, 2024
Pages: 205 | Tables: 93 | Figures: 66

Bioremediation Market News

  • Back in March 2023, BioMar, a renowned company known for its aquaculture feeds, announced the launch of a new bioremediation solution. The new solution will help create an optimal environmental situation for shrimp farming and maintain the ideal environment.
  • In May 2023, a new bioremediation solution was launched by Allonnia, a leading biotechnology company. The new offering was capable of degrading 1,4-dioxane in contaminated groundwater with an impressive efficacy of 99%.
  • In May 2023, a glyphosate bioremediation product was launched by a company called Ancient Organics. Paleo Power became the only available solution capable of breaking down glyphosate in contaminated soil, making it a big win for the company behind its launch.
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FAQs

Global Bioremediation Market size was valued at USD 13.61 billion in 2022 and is poised to grow from USD 14.96 billion in 2023 to USD 31.91 billion by 2031, growing at a CAGR of 9.93% in the forecast period (2024-2031).

Bioremediation companies should focus on developing new bioremediation solutions that are affordable and efficient for all types of users. Incorporation of advanced technologies will also create new opportunities for bioremediation companies in the future. Bioremediation market players can also take advantage of supportive government initiatives and subsidies to help them boost their market share going forward. 'Xylem, Inc. (US) ', 'Aquatech International LLC (US) ', 'Newterra Ltd. (Canada) ', 'Altogen Labs (US) ', 'InSitu Remediation Services Limited (Canada) ', 'Probiosphere (Canada) ', 'Ivey International, Inc. (Canada) ', 'Sumas Remediation Services, Inc. (US) ', 'Sarva Bio Remed, LLC (India) ', 'Envirogen Technologies (US) ', 'Drylet, Inc. (US) ', 'Regenesis Corp. (US) ', 'MicroGen Biotech Ltd. (Ireland) ', 'Oil Spill Eater International, Inc. (US) ', 'Texas A&M AgriLife (US) ', 'Allonnia (US)'

Rapidly increasing industrialization and urbanization are contributing to increasing pollution around the world. This increase in pollutants is estimated to promote the demand for bioremediation as environmental pollution contributes to the imminent climate change threat.

Use of Genetically Engineered Microorganisms: Bioremediation providers can experiment with the use of genetically engineered microorganisms to speed up their operations. With advancements in genetic engineering and genetic modifications, the possibilities for bioremediation companies are virtually endless if they pursue this trend.

North America is estimated to account for a dominant share of the global bioremediation market. The presence of key bioremediation providers in this region coupled with the availability of a developed infrastructure are projected to drive the demand for bioremediation over the coming years. Canada and the United States are estimated to offer highly rewarding opportunities for bioremediation providers in the long run. Imposition of stringent mandates to conserve the environment and launch of new initiatives for the same are also expected to uplift the demand for bioremediation solutions and services in this region going forward.

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Global Bioremediation Market

Report ID: SQMIG20L2052

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