Phytoremediation Segment to Dominate Europe Bioremediation Technology and Services Market during 2019–2028

According to a new market research study on “Europe Bioremediation Technology and Services Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Technology, and Services,” is expected to reach US$  5,998.23 million by 2028 from US$  3,487.61 million in 2021. The market is estimated to grow at a CAGR of 8.1% from 2021 to 2028. Rising Level of Micro-Nano Plastics (MNPs) in natural ecosystem is the major factor driving the growth of the Europe bioremediation technology and services market. However, long duration of bioremediation treatment may hinder the growth of Europe bioremediation technology and services market. The report provides trends prevailing in the Europe bioremediation technology and services market along with the drivers and restraints pertaining to the market growth.

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.

The Europe bioremediation technology and services market is segmented into type, technology, services, and country. Based on type, the market is segmented into in situ bioremediation and ex situ bioremediation. In 2020, the in situ bioremediation segment held the largest share Europe bioremediation technology and services market. Based on technology the Europe bioremediation technology and services market is divided into phytoremediation, bio stimulation, bioaugmentation, bioreactors, fungal remediation, and land-based treatments. In 2020, the phytoremediation segment held the largest share Europe bioremediation technology and services market. On the basis of services, the market is segmented into soil remediation, wastewater remediation, oilfield remediation, and others. The soil remediation segment accounts for largest market share in the 2020. Similarly, based on country, the market is segmented into Germany, UK, France, Italy, Spain, and rest of Europe. The rest of Europe contributed a substantial share in 2020. 

Drylet, Inc.; InSitu Remediation Services Limited; Ivey International Inc.; Probiosphere; REGENESIS; and Xylem Inc. are among the leading companies in the Europe Bioremediation Technology and Services Market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, In-Situ Inc. announced that it has acquired ChemScan Inc., formerly known as ASA Analytics. The acquisition will expand In-Situ’s ability to serve process applications including municipal and industrial wastewater, drinking water, and other industrial water process markets.

Europe Bioremediation Technology and Services Market, By Country, 2020 and 2028 (%)

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