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,

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)

The bioremediation technology and services market in North America is expected to grow from US$ 5,040.96 million in 2021 to US$ 9,019.34 million by 2028; it is estimated to grow at a CAGR of 8.7% from 2021 to 2028. Most countries have environmental protection agencies that assist in implementing laws concerning environmental issues and human health protection. For instance, the Environmental Protection Agency is the primary federal agency in charge of enforcing environmental regulations in the US. Also, governments of various countries are funding research & development activities in bioremediation. In addition, the partnership program between academics, industries, governments, and other entities received UBC Science researchers funding worth US$ 1.2 million in May 2019. The Natural Sciences and Engineering Research Council of Canada's (NSERC) Strategic Partnership Grants program awarded funding to five UBC projects, including green chemistry and microbial bioremediation. The successful applications prompted private and government entities to invest in advancements in bioremediation technology. Similarly, the US National Institute of Environmental Health Sciences' Superfund Research Program promotes research in innovative bioremediation technologies for hazardous wastes. The US Department of Energy's Biological and Environmental Research program has also supported the research. Thus, the continuous funding for research & development activities in bioremediation by the governments drives the growth of the North America bioremediation technology and services market.

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.

Based on type, the bioremediation technology and services market is segmented into in situ bioremediation and ex situ bioremediation. In 2020, the in situ bioremediation segment held a larger market share. In situ bioremediation (ISB) is a biological treatment of pollutants underground, usually groundwater. ISB integrates an understanding of microbiology, chemistry, hydrogeology, and engineering into a consistent strategy for planned and controlled microbial degradation of specific organic classes. A few aspects that must be considered to accomplish this chain of events are microorganisms, contaminants, and geological conditions at the site. In situ bioremediation techniques include natural attenuation; enhanced bioslurping, bioventing, biosparging, and phytoremediation; and permeable reactive barrier. An essential element in the design of the ISB system is to provide various complements to the target section of the groundwater plume. Different delivery mechanisms have been used, such as good vertical recirculation, horizontal recirculation, filtration trench recirculation, direct liquid replenishment infusion, gas amendment injection, and pass-through or reactive cell design. In situ remediation strategies are cheap and effective to address groundwater and soil contamination at local hazardous waste sites. Thus, advantages offered by in situ bioremediation and the number of in situ bioremediation projects launched by the collaboration of private and government organizations in the markets are expected to drive the North America bioremediation technology and services market growth for the in situ bioremediation segment during the forecast period.

The overall North America 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 North America 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 North America bioremediation technology and services market. 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 players operating in the market.

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