Bioremediation is a scientific waste management process that uses various, fungi, microorganisms, green plants and their enzymes to reinstate the environment to its original state after removing pollutants from a contaminated site. Bioremediation of water and soil, which is polluted by oil and other industrial waste; is performed by a variety of microorganisms that survive on hydrocarbons.
Degradation of pollutants by bacterial microorganisms breaks down the hazardous substances into less toxic biodegradable substances. However, not all pollutants and contaminants are treated by bioremediation using microorganisms. For example, metals such as lead and cadmium are not easily captured or absorbed by microorganisms. In the geographical analysis, North America closely followed by Europe is the largest market for bioremediation technologies and services owing to the stringent environmental protection policies and regulations as well as oil spill accidents.
For instance, a recent oil spill accident happened in the city of Los Angeles witnessed an oil spill of nearly 50,000 gallons which had ultimately contaminated the soil. These industrial hazards, which occur frequently across the globe, are expected to propel the sales of bioremediation technologies and services in these regions.
Moreover, strict orders and policies from environmental protection agencies and groups are also compelling various industrial units to treat their waste products before releasing it in the environment. However, other regions such as South East Asia, Latin America and Middle East are expected to be the potential markets in the near future. Due to the increase in industrial plants and stringent environment safety concerns, these regions are expected to be the potential markets in the near future
The overall bioremediation technologies and services market is expected to witness an admirable growth due to the increasing awareness for environmental safety and protection. Moreover, stringent government regulations and policies for environmental restoration initiatives is further fuelling the popularity of biotechnology based bioremediation technologies and services globally.