Environmental Remediation Technologies Market to Reach $268.3 Billion by 2033; Growing Environmental Standards & Protection Awareness to Propel Growth

Environmental remediation technologies market size from USD 112.3 billion in 2023 to USD 268.3 billion in 10 years. The rapid urbanization, rising environmental standards, and growing awareness regarding environmental protection drive the market’s growth.

Newark, April 22, 2024 (GLOBE NEWSWIRE) — The Brainy Insights estimates that the USD 112.3 billion environmental remediation technologies market will reach USD 268.3 billion by 2033. The growth of environmentally friendly industries and the escalating government requirements about health and safety are the main causes of the growing usage of environmental remediation technology across different sectors. Remedial technology is also in demand due to the growing world population and their need for clean, healthy air and water. Moreover, expanding initiatives in developing countries’ manufacturing and industrial sectors will probably support market expansion. Growing problems with water and soil contamination in developing countries propel the global environmental remediation technology market. Environmental trash is rising due to several enterprises emitting harmful gases, managing and disposing garbage, and producing chemical waste from different industrial processes. The market is growing due to increased funding for pollution management, government rules and enforcement that hinder remediation services, and increased awareness of environmental issues across all industries.

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Report Coverage Details

Report Coverage Details
Forecast Period 2024–2033
Base Year 2023
Market Size in 2023 USD 112.3 Billion
Market Size in 2033 USD 268.3 Billion
CAGR 9.1%
No. of Pages in Report 237
Segments Covered Environment Medium, Site, Application
Drivers Rising environmental legislation for environmental protection
Opportunities Advanced remediation technologies

Key Insighs on Environmental Remediation Technologies Market

Asia Pacific to account for the largest market size during the forecast period.

The largest market for environmental remediation technology is Asia Pacific, which is predicted to develop quicker throughout the forecast period due to the region’s increasing industrialization and population growth, which has exacerbated air and water pollution. The growing demand for mining and forestry is also supporting segment expansion.

The groundwater segment dominated the market with the most significant revenue of USD 64.0 billion.

The groundwater segment dominated the market with the most significant revenue of USD 64.0 billion. The increasing use of fertilisers, leaking landfills, and industrial spills contaminating groundwater have all contributed to the demand for groundwater cleanup. Additionally, hazardous elements, including arsenic, lead, and zinc, are introduced into groundwater by organic waste generated during wastewater treatment and toxic chemicals from storage tanks.

The public site segment dominated the market with the most significant revenue of USD 60.6 billion.

The public site segment dominated the market with the most significant revenue of USD 60.6 billion. The control treatment’s confidence explains this since it can evenly screen, homogenise, and combine the soil. This element increases the need for waste to be disposed of at public locations, opening up profitable potential for the global market for environmental remediation technology.

The oil and gas segment dominated the market with the most significant revenue of USD 25.8 billion.

The oil and gas segment dominated the market with the most significant revenue of USD 25.8 billion. The oil and gas industries use the chemical treatment method involving hydraulic fracturing to treat toxic compounds produced during cleanup. Government rules emphasising the use of remediation technologies in many industries due to their influence on human health and the environment further encourage the growth of this market.

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Market Dynamics:

Drivers: Rising environmental legislation for environmental protection

The market for environmental remediation technology is expected to expand rapidly due to rising pollution levels and environmental rules for protection. Government rules imposed on mining and oil and gas firms drive growth in the environmental remediation technology industry. Growing groundwater and soil safety requirements have led to many previously unidentified locations being classified as toxic, increasing profits for environmental remediation firms. To generate additional cash on the global market, marketing recovered commodities is a part of environmental cleanup activities involving oil or refined oil spills.

Restraint: Expensive excavating equipment

Excavation could be the most expensive solution when a lot of soil needs to be removed or disposed of as toxic or hazardous trash. Heavy equipment such as excavators, bulldozers, loading trucks, and other treatment systems is costly during excavation and treatment operations. It is very expensive to set up a cleaning machine for soil remediation. Furthermore, the plant requires a lot of upkeep. These difficulties prevent environmental remediation technology from being applied globally.

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Some of the major players operating in the environmental remediation technologies market are:

● BRISEA Group
● Cold Chain Technologies, LLC
● Dredging
● Engineering And Maintenance Solutions
● Envirotainer AB
● Golder Associates Corporation
● Inmark LLC
● Newterra Ltd
● Sofrigam SA
● Sonoco Products Company
● Weber Ambiental
● AECOM Technology
● Clean Harbors, Inc.
● Cryopak Industries Inc
● DGP Intelsius GmbH
● Environmental And Marine Engineering NV

Key Segments cover in the market:

By Environment Medium:

● Groundwater
● Soil

By Site:

● Public
● Private

By Application:

● Oil & Gas
● Automotive
● Manufacturing, Industrial and Chemical Production
● Mining and Forestry
● Agriculture
● Landfills and Waste Disposal Site
● Construction and Land Development

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About the report:

The global environmental remediation technologies market is analyzed based on value (USD Billion). All the segments have been analyzed on a worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report offers an in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining critical insight into the market. The study includes Porter’s five forces model, attractiveness analysis, raw material analysis, supply, and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.

About The Brainy Insights:

The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients’ objectives of high-quality output within a short span of time. We provide both customized (clients’ specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients’ requirements whether they are looking to expand or planning to launch a new product in the global market.

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