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Growing focus on development of environment-friendly industries is one of the key factors driving market revenue growth

VANCOUVER, BC, CANADA, June 2, 2022 /EINPresswire.com/ -- The Global Microbial Bioremediation Market size reached USD 46,865.2 Million in 2021 and is expected to register a revenue CAGR of 11.0% during the forecast period, according to latest analysis by Emergen Research. Biodegradation is a very profitable and appealing technology for cleaning, controlling, and restoring polluted environments through microbial activity. Increased focus on implementing current technologies for welfare of the environment and society is projected to boost market growth. Various benefits of microbial bioremediation are gaining attention and attracting various enterprises, governments, and non-government organizations. As a result, there has been an increase in rate of expansion as well as advancements in technology and services. For instance, in May 2020, MicroGen Biotech raised USD 3.8 Million Series A financing from the U.S. and European Agtech investors to improve soil health and food safety globally.

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Increasing partnerships between market players is one of the major causes that is playing a major role in increasing capabilities of current technologies. For instance, in March 2020, Verde Environmental Consultants Limited commenced a five-year contract with Roche Ireland Limited to provide Environmental Consultancy services at their Clarecastle Pharmaceutical Plant. The site is currently transitioning from an operating manufacturing site to a brownfield site through a phase of decommissioning, decontamination, strip-out, demolition, and brownfield site reinstatement

However, inconsistencies in government regulations in various countries and short-term decline in demand from oil & gas industry due to COVID-19 are some of the factors creating a challenge to market growth.

According to the regional analysis, the market is primarily spread over key geographical regions as follows:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies, and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions among others.

Prominent Players Analyzed in the Report:

Altogen Labs (U.S.), Carus, Corp. (U.S.), Drylet LLC, Envirogen Technologies (U.S.), Kankyo Group (India), Microgen Biotech, Ltd. (Ireland), Regenesis (U.S.), Verde Environmental Group (Ireland), Advanced Microbial Services, Inc. (India), Probiosphere Inc. (U.S.), Geovation Engineering P.C (U.S.), JRW Bioremediation Llc (U.S.), RNAS Remediation Products (U.S.), and Envera (U.S.).

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Furthermore, the report divides the Microbial Bioremediation market into key segments and sub-segments to offer an analysis of the product type and application spectrum of the industry. It also offers predictions about the segments expected to show significant growth during the projected timeline.

Pollutants Outlook (Revenue, USD Million; 2019–2030)

Organic Pollutants

Inorganic Pollutants

Organisms Outlook (Revenue, USD Million; 2019–2030)

Bacteria

Fungi

Archaea

Type Outlook (Revenue, USD Million; 2019–2030)

In Situ Bioremediation

Ex Situ Bioremediation

Technology Outlook (Revenue, USD Million; 2019–2030)

Bio-stimulation

Bioattenuation

Bioaugmentation

Bioventing

Biopiling

Land-Based Treatments

Biofilters

Application Outlook (Revenue, USD Million; 2019–2030)

Soil Remediation

Wastewater

Remediation

Oilfield Remediation

Others Applications

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End-use Outlook (Revenue, USD Million; 2019–2030)

Commercial

Residential

Overview of the Microbial Bioremediation Market Report:

Introduction, Product Scope, Market Overview, and Opportunities

Analysis of the Manufacturers with sales, revenue, and price analysis

Comprehensive analysis of the competitive landscape

Extensive profiling of the key competitors along with their business strategies and market size

Regional analysis of the market along with sales, revenue, market share, and global position

Country-wise analysis of the market along with types, applications, and manufacturing

Strategic recommendations to established players as well as new entrants

In-depth analysis of the risks, restraints, and limitations in the Microbial Bioremediation industry

Thank you for reading our report. Please connect with us to know more about the report or the customization of the report. Our team will ensure the report is best suited to meet your requirements.

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