Report : Middle East and Africa 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)
Phytoremediation Segment to Dominate Middle East & Africa Bioremediation Technology and Services Market during 2019–2028
According to a new market research study on “Middle East & Africa 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$ 695.57 million by 2028 from US$ 449.94 million in 2021. The market is estimated to grow at a CAGR of 6.4% from 2021 to 2028. Surge in awareness about scarcity of natural resources such as water and oil is the major factor driving the growth of the Middle East & Africa bioremediation technology and services market. However, long duration of bioremediation treatment may hinder the growth of Middle East & Africa bioremediation technology and services market. The report provides trends prevailing in the Middle East & Africa bioremediation technology and services market along with the drivers and restraints pertaining to the market growth.
In Middle East & Africa, the UAE and Saudi Arabia recorded a significant number of COVID-19 positive patients. As MENA cities grow, especially on the coasts, recovery from the COVID-19 crisis calls for a greener, resilient, and inclusive development path to provide less-polluted cities for citizens. Cleaner coasts and oceans can secure millions of "blue economy" jobs through effective and resilient natural resource management. If the strategy includes nature-based solutions that benefit the environment, the region's natural capital, and resource efficiency, the resilient economic recovery will be inclusive.
The Middle East & Africa 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 Middle East & Africa bioremediation technology and services market. Based on technology the Middle East & Africa 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 Middle East & Africa 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 Saudi Arabia, South Africa, UAE, and rest of Asia Pacific. Saudi Arabia contributed a substantial share in 2020.
Aquatech International LLC., InSitu Remediation Services Limited, Ivey International Inc., and Xylem Inc. are among the leading companies in the Middle East & Africa 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 2021, Global water technology company, Xylem, is expanding its investment in youth innovation to empower the next generation to solve the world’s greatest water challenges. The diverse program, including over 60 events in 2021, builds on Xylem’s 25 year sponsorship of the Stockholm Junior Water Prize with innovation competitions, in addition to community outreach initiatives and a global innovation incubator program.
Middle East & Africa Bioremediation Technology and Services Market, By Country, 2020 and 2028 (%)
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