Global Bioremediation Technology and Services Market to Reach $78.4 Billion by 2030
The global market for Bioremediation Technology and Services estimated at US$49.2 Billion in the year 2023, is expected to reach US$78.4 Billion by 2030, growing at a CAGR of 6.9% over the analysis period 2023-2030. Soil Remediation, one of the segments analyzed in the report, is expected to record a 6.1% CAGR and reach US$23.4 Billion by the end of the analysis period. Growth in the Wastewater Remediation segment is estimated at 7.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $15 Billion, While China is Forecast to Grow at 6.5% CAGR
The Bioremediation Technology and Services market in the U.S. is estimated at US$15 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$13.6 Billion by the year 2030 trailing a CAGR of 6.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.7% and 5.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 5.6% CAGR.
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