Bioremediation Market Growth & Trends
The global bioremediation market size is expected to reach USD 28.92 billion by 2030, registering a CAGR of 9.93% over the forecast period, according to a new report by Grand View Research, Inc. Rapid growth in industrialization & increasing environmental deterioration, advancements in synthetic technologies, and increasing government support for bioremediation research and innovations are driving the market growth.Genome editing tools, such as CRISPR-Cas and TALEN, are facilitating metabolic engineering applications for the production of optimized enzymes and metabolic pathways that aid in the biodegradation process. Similarly, quorum sensing-based microbial interactions can be effectively used for designing gene circuits and microbial biosensors for the detection and degradation of persistent recalcitrant pollutants.
These factors can accelerate the adoption of bioremediation techniques and fuel market growth. Furthermore, synthetic biology also enables the designing of biological molecules with the desired chemical composition that can be used for the degradation of target contaminant molecules. Several enzyme modification approaches have been developed in this domain, such as enzyme immobilization, using magnetic nanoparticles, production of designer enzymes, and generation of single enzyme nanoparticles, among others. Therefore, the use of synthetic technology for utilizing the bio-degradative capabilities of enzymes is expected to drive the industry.In addition, government authorities are raising awareness about the implementation of bioremediation strategies to drive the adoption of the technique.
For instance, in June 2020, the Indian Government issued an advisory for the treatment and disposal of solid waste through the bioremediation process for reclamation of landfill sites. The advisory was directed toward Urban Local Bodies and signified the increasing attention drawn by bioremediation in the country.The COVID-19 pandemic has led to increased awareness about disinfection, sterilization, and remediation of contaminated areas in public spaces and homes. Furthermore, as the SARS-CoV-2 virus continues to undergo mutations, causing recurrent waves of infection cases around the globe, demand for bioremediation services for reducing the risk of contamination is expected to rise. Similarly, large quantities of Personal Protective Equipment (PPE) and face masks used have led to new challenges in the disposal and treatment of medical waste, which present new growth opportunities for bioremediation.
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Bioremediation Market Report
Bioremediation Market Report Highlights
- The in situ bioremediation segment held the highest share of the global revenue in 2021 due to its cost-effectiveness, ease of use, and increasing applications for groundwater treatment
- Phytoremediation was the dominant technology segment in 2021. This can be attributed to the high demand for the technology for the removal of heavy metals, radionuclides, organic contaminants, and pesticides with the help of plants
- The soil remediation segment dominated the industry in 2021 due to the high demand generated from soil degradation caused by industrial pollutants, agrochemicals, and municipal waste
- North America dominated the industry in 2021 due to the presence of sophisticated infrastructure, high industrial growth & waste production, and presence of key market players, such as Regenesis Corp., Probiosphere, Inc., and Xylem, Inc.
- Asia Pacific is expected to register the fastestCAGR over the forecast period due to increasing awareness about environmental protection and the production of large quantities of hazardous waste caused by rising economic development in the region
