Report : Asia Pacific Bioremediation Technology and Services Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (In Situ Bioremediation and Ex Situ Bioremediation), Technology (Phytoremediation, Bio Stimulation, Bioaugmentation, Bioreactors, Fungal Remediation, and Land-Based Treatments), and Services (Soil Remediation, Wastewater Remediation, Oilfield Remediation, and Others)
In Situ Bioremediation Segment to Dominate Asia-Pacific Bioremediation Technology and Services Market during 2019–2028
According to a new market research study on “Asia-Pacific Bioremediation Technology and Services Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Technology, and Services,” is expected to reach US$ 4,156.65 million by 2028 from US$ 2,249.68 million in 2021. The market is estimated to grow at a CAGR of 9.2% from 2021 to 2028. Rising level of micro-nano plastics (MNPs) in natural ecosystem is the major factor driving the growth of the Asia-Pacific bioremediation technology and services market. However, long duration of bioremediation treatment may hinder the growth of Asia-Pacific bioremediation technology and services market. The report provides trends prevailing in the Asia-Pacific bioremediation technology and services market along with the drivers and restraints pertaining to the market growth.
COVID-19 policies in Asia-Pacific have slowed the region's economic recovery compared to the rest of the world. Plastic garbage that has not been properly managed poses a serious threat to natural ecosystems and public health and safety. Nonetheless, governmental institutions, scientific communities, and public are paying less and less attention to environmental health issues. Several national and state-level agreements on the usage and consumption of plastics have been withdrawn as evidence of this. Cities with high COVID-19 incidence rates are trying to keep up with the rapid growth in medical waste generated by hospitals. The rapid increase in medical waste is straining any country's or municipality's ability to handle and treat it properly. Due to the SARS-CoV-2 virus's persistence and high contagiousness, many countries have classified all hospital trash as infectious, requiring it to be burnt at high temperatures for sterilize, followed by landfilling of the leftover ash.
The Asia-Pacific bioremediation technology and services market is segmented into type, technology, services, and country. Based on type, the market is segmented into in situ bioremediation and ex situ bioremediation. In 2020, the in situ bioremediation segment held the largest share Asia-Pacific bioremediation technology and services market. Based on technology the Asia-Pacific bioremediation technology and services market is divided into phytoremediation, bio stimulation, bioaugmentation, bioreactors, fungal remediation, and land-based treatments. In 2020, the phytoremediation segment held the largest share Asia-Pacific bioremediation technology and services market. On the basis of services, the market is segmented into soil remediation, wastewater remediation, oilfield remediation, and others. The soil remediation segment accounts for largest market share in the 2020. Similarly, based on country, the market is segmented into China, Japan, India, South Korea, Australia, and rest of Asia Pacific. The China contributed a substantial share in 2020.
Aquatech International LLC., InSitu Remediation Services Limited, Ivey International Inc., REGENESIS, and Xylem Inc. are among the leading companies in the Asia-Pacific Bioremediation Technology and Services Market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, REGENESIS, the recognized leader in soil and groundwater remediation solutions and vapor intrusion mitigation technologies, is proud to announce it has expanded its operations to include a new state-of-the-art manufacturing and distribution warehouse strategically located outside of Nashville, Tenn. Enhancing the production and warehousing of its Land Science division’s full-suite of vapor mitigation technologies and REGENESIS’ soil and groundwater remediation solutions offers clients greater flexibility, while providing improved control over delivery times due to the facility’s central location.
Asia-Pacific Bioremediation Technology and Services Market, By Country, 2020 and 2028 (%)
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