Europe 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

Europe 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)

The bioremediation technology and services market in Europe is expected to grow from US$ 3,487.61 million in 2021 to US$ 5,998.23 million by 2028; it is estimated to grow at a CAGR of 8.1% from 2021 to 2028. Bioremediation is a waste management technique involving organisms neutralizing or removing pollutants from a contaminated site. The technique does not use chemicals, and it allows waste to get recycled. Hence, it has evolved as one of the most crucial methods. Existing traditional techniques are not practical and efficient for environmental remediation. Developed from nanobiotechnology, the technology can detect, control, and remediate contaminants by acting as sensors. Nanomaterials have fewer toxic effects and reduced consumption time and cost. Nanoparticles developed using microbial systems provide green nanotechnology and help keep the environment clean. Green nanotechnology needs to evolve to make a hygienic environment with outstanding ecological balance on earth. The concept deals with traditional bioremediation, nanobiotechnology methods, and future aspects. Nano bioremediation is a new remediation method for multiple harmful pollutants using biosynthetic nanoparticles. This is a low-cost and skilled technique for controlling dangerous contaminants in air, soil, and water. In addition to being less toxic to microorganisms, it also enhances the microbial function of toxic scrap products, reducing overall energy consumption and expenditure. Owing to all these advantages, the use of nanobiotechnology for bioremediation is expected to emerge as a trend during the forecast period.

Russia, Spain, Italy, Germany, France, and the UK are among the most-affected European countries due to the COVID-19 pandemic. According to the European Commission's forecast for 2020, Europe (EU) will experience a 7.6% decrease in gross domestic Type (GDP). The tremendous improvement in air quality, notably in some of the most polluted cities, has been one of the most visible short-term results of lockdowns.

Based on technology, the Europe bioremediation technology and services market is segmented into phytoremediation, bio stimulation, bioaugmentation, bioreactors, fungal remediation, and land-based treatments. In 2020, the phytoremediation segment held the largest market share. Phytoremediation is a technology based on the combined action of plants and their associated microbial communities. The technology is used to degrade, remove, transform, or immobilize toxic compounds located in soils and sediments, as well as in polluted ground water and wastewater in treatment wetlands. Phytoremediation could be used to treat different types of contaminants, such as petroleum hydrocarbons, chlorinated solvents, pesticides, explosives, and heavy metals and radionuclides, in soil and water. The advantages of phytoremediation compared to conventional techniques are lower cost, lower disruptiveness to the environment, more public acceptance, and potentiality to remediate various pollutants. The use of plants in conjunction with plant associated bacteria (rhizosphere or endophytic) offers greater potential for bioremediation of organic compounds and in some cases, inorganic pollutants than using plants alone in bioremediation. The implementation of treatment wetlands for phytoremediation of wastewater or polluted water originating from various sources allows removing organic and inorganic pollutants from water in an environmentally friendly and economically feasible way. Presently, different processes of phytoremediation in treatment wetlands are less studied than phytoremediation of polluted soils. Further research is needed to advance the understanding of the pollutant removal mechanisms in treatment wetlands with vegetation. Therefore, the advantages offered by the technique drive the growth of the Europe bioremediation technology and services market for the phytoremediation segment.

The overall Europe bioremediation technology and services market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the Europe bioremediation technology and services market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Europe bioremediation technology and services market. Drylet, Inc.; InSitu Remediation Services Limited; Ivey International Inc.; Probiosphere; REGENESIS; and Xylem Inc. are among the players operating in the market.

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