A new report from BCC Research, “Bioremediation: Global Markets and Technologies to 2023″ names Verde Environmental Group as a top leader in the bioremediation market.
- Market analysis. In situ bioremediation – treating the contaminated groundwater or soil in the location where it is found – is expected to see the largest market growth compared to ex situ bioremediation or pumping groundwater or excavating contaminated soil before it can be treated. From 2018 to 2023, in situ and ex situ bioremediation are expected to grow at CAGRs of 15.0% and 16.7%, respectively.
- Market segment analysis. The use of bioremediation methods in agriculture is expected to be the fastest-growing market segment, thanks to the rise in the agriculture industries, which has augmented the growth of hazardous pollutants in the environment.
- Global market analysis. As the largest regional market for bioremediation, North America was valued at $27.4 billion in 2017, and it is anticipated to reach $62.4 billion by 2023, growing at a compound annual growth rate (CAGR) of 15.0%.
“The bioremediation market is growing rapidly due to rising public concerns for environmental safety. The increasing adoption of eco-friendly cleaning agents in various industries to eliminate contaminants from soil and water is therefore expected to drive the bioremediation market until 2023,” said BCC Research analyst Sinha Gaurav.
Source – Digital Journal