Market by Type, Technology, Services, and Country Outlook | Forecast 2022-2028
A report by Triton Market Research has highlighted that North America's bioremediation technology and services market would grow with a CAGR of 8.33% in the forecasted period between 2022 and 2028.
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The countries studied across
the region include:
• Canada
• The United States
The region's market is expected to grow owing to favorable regulations
and policies by the governments. Further, efforts to promote environmental
conservation by organizations such as the US Environmental Protection Authority
are also expected to enhance the adoption of bioremediation. Additionally,
rapid industrialization and urbanization have led to groundwater and soil
contamination. Such degradation and contamination is boosting the demand for
bioremediation technology and services in the region.
In the United States, the Environment Protection Authority (EPA) works
toward treating and improving contaminated regions. The authority runs a
Superfund Program, which aims to clean the polluted regions in the country. The
country's Superfund Research Program of the National Institute of Environmental
Health Sciences encourages research into new bioremediation solutions for
hazardous wastes. This research was also financed by the US Department of
Energy's Biological and Environmental Research program. Additionally, the
presence of established players boosts the country's market growth.
In Canada, terrestrial bioremediation has proven successful by
encouraging new research into its potential use in the marine environment. The
country's government has implemented several programs and rigorous restrictions
that provide an opportunity to minimize water scarcity. In 2018, the country
invested $45.5 million to start the Multi-Partner Research Initiative (MPRI)
for encouraging oil spill research by experts and improving the country's
preparedness and response capabilities. Government initiatives and financing to
support the country's bioremediation activities are projected to drive market
growth throughout the forecast period.
Ex situ treatment entails transporting contaminated material to a remote
treatment facility. This involves excavating contaminated soil and transporting
it offsite. The primary benefit of ex situ bioremediation is that it helps to
restrict and regulate bioremediation products or equipment while also making
the polluted area useful. Ex situ procedures are more efficient, easier to
regulate, and can treat a wider spectrum of pollutants. As a result, the
segment is predicted to rise during the forecast period.
The studied report assesses the market's growth
based on type, technology and service. Here, the type segment comprises in situ
bioremediation and ex situ bioremediation.
The established players in the bioremediation
technology and services market include RT Environmental Services Inc, Altogen
Labs, Drylet Inc, Regenesis Remediation Solutions, InSitu Remediation Services
Ltd, Sevenson Environmental Services Inc, and Carus Corporation LLC.
Founded in 2008, Altogen Labs is a laboratory practice-compliant
contract research services laboratory that provides biotechnology research
services for biotechnology, pharmaceutical and academic institutions worldwide.
One of the company's biotechnology focus areas is the development of innovative
bioremediation methods. In vivo toxicity investigations, effectiveness studies,
drug discovery, drug development, and other research and development studies
are among the services the company provides.
Key deliverables of the
report:
● Market CAGR during the forecasting years 2022-2028
● Detailed data highlighting key insights, industry components, and market strategies
● Comprehensive information and estimation of the the bioremediation technology and services market revenue growth in North America and its influence on the parent market
● In-depth study of forthcoming trends in consumer behavioral patterns
● A meticulous analysis of the competitive landscape, vendor scorecard, and Porter's Five Forces Analysis Model
●
A wide-ranging study of factors that will challenge the North
America the bioremediation technology and services market's growth during the
upcoming years
Want to get specific insights? Our team of analysts can customize this
report based on your preferences. Connect with us here.
1. NORTH
AMERICA BIOREMEDIATION TECHNOLOGY AND SERVICES MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE BIOREMEDIATION TECHNOLOGY AND SERVICES MARKET
2.2. KEY
INSIGHTS
2.2.1. ADOPTION
OF NANOTECHNOLOGY FOR WASTEWATER MANAGEMENT
2.2.2. RAPID
ADOPTION OF IN SITU BIOREMEDIATION TECHNOLOGY
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. KEY
IMPACT ANALYSIS
2.4.1. PRICE
2.4.2. TIME
2.4.3. PERFORMANCE
2.5. MARKET
ATTRACTIVENESS INDEX
2.6. VENDOR
SCORECARD
2.7. INDUSTRY
COMPONENTS
2.7.1. SITE
ASSESSMENT
2.7.2. SELECTION
AND MONITORING
2.7.3. SITE
RESTORATION
2.8. KEY
MARKET STRATEGIES
2.8.1. MERGERS
& ACQUISITIONS
2.8.2. PRODUCT
LAUNCHES & DEVELOPMENTS
2.8.3. PARTNERSHIPS
& AGREEMENTS
2.9. MARKET
DRIVERS
2.9.1. INCREASING
RESEARCH AND DEVELOPMENT IN BIOREMEDIATION
2.9.2. APPLICATIONS
OF BIOREMEDIATION IN DIFFERENT INDUSTRIES
2.10. MARKET
CHALLENGES
2.10.1. LONG
DURATION OF BIOREMEDIATION PROCESS
2.10.2. DEPENDENCE
OF BIOREMEDIATION ON ENVIRONMENTAL FACTORS
2.11. MARKET
OPPORTUNITIES
2.11.1. FUNGAL
REMEDIATION TO GAIN TRACTION
2.11.2. INCORPORATION
OF OXYGEN-RELEASING COMPOUNDS IN AEROBIC BIOREMEDIATION
3. NORTH
AMERICA BIOREMEDIATION TECHNOLOGY AND SERVICES MARKET OUTLOOK - BY TYPE
3.1. IN
SITU BIOREMEDIATION
3.2. EX
SITU BIOREMEDIATION
4. NORTH
AMERICA BIOREMEDIATION TECHNOLOGY AND SERVICES MARKET OUTLOOK - BY TECHNOLOGY
4.1. PHYTOREMEDIATION
4.2. BIOSTIMULATION
4.3. BIOAUGMENTATION
4.4. BIOREACTORS
4.5. FUNGAL
REMEDIATION
4.6. LAND-BASED
TREATMENTS
5. NORTH
AMERICA BIOREMEDIATION TECHNOLOGY AND SERVICES MARKT OUTLOOK - BY SERVICE
5.1. SOIL
REMEDIATION
5.2. WASTEWATER
REMEDIATION
5.3. OILFIELD
REMEDIATION
5.4. OTHER
SERVICES
6. NORTH
AMERICA BIOREMEDIATION TECHNOLOGY AND SERVICES MARKET – COUNTRY OUTLOOK
6.1. UNITED
STATES
6.2. CANADA
7. COMPETITIVE
LANDSCAPE
7.1. ALTOGEN
LABS
7.2. DRYLET
INC
7.3. PROBIOSPHERE
INC
7.4. REGENESIS
REMEDIATION SOLUTIONS
7.5. XYLEM
INC
7.6. INSITU
REMEDIATION SERVICES LTD
7.7. RT
ENVIRONMENTAL SERVICES INC
7.8. SARVA
BIO REMED LLC
7.9. SEVENSON
ENVIRONMENTAL SERVICES INC
7.10. SUMAS
ENVIRONMENTAL SERVICES
7.11. VERDE
ENVIRONMENTAL GROUP
7.12. SOILUTIONS
LTD
7.13. AQUATECH
INTERNATIONAL
7.14. IVEY
INTERNATIONAL INC
7.15. CARUS
CORPORATION LLC
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: NORTH AMERICA BIOREMEDIATION TECHNOLOGY AND SERVICES MARKET, BY
COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: LIST OF MERGERS & ACQUISITIONS
TABLE 4: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 5: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 6: APPLICATION OF BIOREMEDIATION IN DIFFERENT FIELDS
TABLE 7: NORTH AMERICA BIOREMEDIATION TECHNOLOGY AND SERVICES MARKET, BY
TYPE, 2022-2028 (IN $ MILLION)
TABLE 8: NORTH AMERICA BIOREMEDIATION TECHNOLOGY AND SERVICES MARKET, BY
TECHNOLOGY, 2022-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA BIOREMEDIATION TECHNOLOGY AND SERVICES MARKET, BY
SERVICE, 2022-2028 (IN $ MILLION)
TABLE 10: NORTH AMERICA BIOREMEDIATION TECHNOLOGY AND SERVICES MARKET, BY
COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
FIGURE 1: KEY BUYING IMPACT
ANALYSIS
FIGURE 2: MARKET ATTRACTIVENESS
INDEX
FIGURE 3: INDUSTRY COMPONENTS
FIGURE 4: NORTH AMERICA
BIOREMEDIATION TECHNOLOGY AND SERVICES MARKET, BY TYPE, 2021 & 2028 (IN %)
FIGURE 5: NORTH AMERICA
BIOREMEDIATION TECHNOLOGY AND SERVICES MARKET, BY IN SITU BIOREMEDIATION,
2022-2028 (IN $ MILLION)
FIGURE 6: NORTH AMERICA
BIOREMEDIATION TECHNOLOGY AND SERVICES MARKET, BY EX SITU BIOREMEDIATION,
2022-2028 (IN $ MILLION)
FIGURE 7: NORTH AMERICA
BIOREMEDIATION TECHNOLOGY AND SERVICES MARKET, BY TECHNOLOGY, 2021 & 2028
(IN %)
FIGURE 8: NORTH AMERICA
BIOREMEDIATION TECHNOLOGY AND SERVICES MARKET, BY PHYTOREMEDIATION, 2022-2028
(IN $ MILLION)
FIGURE 9: NORTH AMERICA
BIOREMEDIATION TECHNOLOGY AND SERVICES MARKET, BY BIOSTIMULATION, 2022-2028 (IN
$ MILLION)
FIGURE 10: NORTH AMERICA
BIOREMEDIATION TECHNOLOGY AND SERVICES MARKET, BY BIOAUGMENTATION, 2022-2028
(IN $ MILLION)
FIGURE 11: NORTH AMERICA
BIOREMEDIATION TECHNOLOGY AND SERVICES MARKET, BY BIOREACTORS, 2022-2028 (IN $
MILLION)
FIGURE 12: NORTH AMERICA
BIOREMEDIATION TECHNOLOGY AND SERVICES MARKET, BY FUNGAL REMEDIATION, 2022-2028
(IN $ MILLION)
FIGURE 13: NORTH AMERICA
BIOREMEDIATION TECHNOLOGY AND SERVICES MARKET, BY LAND-BASED TREATMENTS,
2022-2028 (IN $ MILLION)
FIGURE 14: NORTH AMERICA
BIOREMEDIATION TECHNOLOGY AND SERVICES MARKET, BY SERVICE, 2021 & 2028 (IN
%)
FIGURE 15: NORTH AMERICA
BIOREMEDIATION TECHNOLOGY AND SERVICES MARKET, BY SOIL REMEDIATION, 2022-2028
(IN $ MILLION)
FIGURE 16: NORTH AMERICA
BIOREMEDIATION TECHNOLOGY AND SERVICES MARKET, BY WASTEWATER REMEDIATION,
2022-2028 (IN $ MILLION)
FIGURE 17: NORTH AMERICA
BIOREMEDIATION TECHNOLOGY AND SERVICES MARKET, BY OILFIELD REMEDIATION,
2022-2028 (IN $ MILLION)
FIGURE 18: NORTH AMERICA
BIOREMEDIATION TECHNOLOGY AND SERVICES MARKET, BY OTHER SERVICES, 2022-2028 (IN
$ MILLION)
FIGURE 19: NORTH AMERICA
BIOREMEDIATION TECHNOLOGY AND SERVICES MARKET, COUNTRY OUTLOOK, 2021 & 2028
(IN %)
FIGURE 20: UNITED STATES
BIOREMEDIATION TECHNOLOGY AND SERVICES MARKET 2022-2028 (IN $ MILLION)
FIGURE 21: CANADA BIOREMEDIATION
TECHNOLOGY AND SERVICES MARKET 2022-2028 (IN $ MILLION)