Report : North America 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 North America Bioremediation Technology and Services Market during 2019–2028
According to a new market research study on “North America 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$ 9,019.34 million by 2028 from US$ 5,040.96 million in 2021. The market is estimated to grow at a CAGR of 8.7% from 2021 to 2028. Growing awareness about scarcity of natural resources such as water and oil is the major factor driving the growth of the North America bioremediation technology and services market. However, long duration of bioremediation treatment may hinder the growth of North America bioremediation technology and services market. The report provides trends prevailing in the North America bioremediation technology and services market along with the drivers and restraints pertaining to the market growth.
North America has been adversely affected by the COVID-19 pandemic. The pandemic impact varies from one country to another across the region. In North America, the US recorded the highest numbers of COVID-19 infection cases, although cases decreased by nearly one million over the last week. In many of Mexico’s southern states. infection cases were tripled over the last seven days. Environmental service contractors are at the forefront since they provide both services and products. The pandemic impacted the availability of 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 region slowly recovers, the way businesses are conducted will never be the same. COVID-19 pandemic 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. However, such predictions will be aggravated by the excessive use and consumption of single-use plastics (including personal protective equipment such as masks and gloves) due to COVID-19 pandemic.
The North America 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 North America bioremediation technology and services market. Based on technology the North America 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 North America 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 US, Canada, and Mexico. The US contributed a substantial share in 2020.
Altogen Labs; Aquatech International LLC.; Drylet, Inc.; InSitu Remediation Services Limited; Ivey International Inc.; Probiosphere; REGENESIS; Sarva Bio Remed, LLC; Sumas Remediation Services, Inc.; and Xylem Inc. are among the leading companies in the North America 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.
North America Bioremediation Technology and Services Market, By Country, 2020 and 2028 (%)
Contact Person: Sameer Joshi
Email Id: email@example.com