Owing to benefits improved human health, improvement in the environment of previously developed land, better productivity of land, boosts in ecosystem, potential reduction in material damage, improved aesthetics are some key factors encouraging further adoption of environmental remediation, thus fostering growth of global environmental remediation market.
The size of the global market for Environmental Remediation is expected to reach $ 200.1 billion by 2031, expanding at a compound annual growth rate (CAGR) of 6.7%.
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Covid-19 Impact & Market Status
The pandemic affected entire value chain of environmental remediation market by disrupting service and product providers while at the same time affecting the key cost components both materials and labor. As a result, it impacted the on-going project delivery, operations, liquidity, and the overall business models. At the same time, environmental remediation market is gaining momentum due to increased demand for environmental health protection activities, growing importance of corporate environmental, social and data governance (ESG) initiatives, private and public sector activities focused on environment preservation activities. Additionally, increasing infrastructure investments have also spurred the environmental remediation undertakings.
This global environmental remediation market report provides in-depth study of the global market of environmental remediation along with latest trends, events, and future market estimations for investments.
The report extensively analyzes the segments that help better understand the product and opportunities in each market segment. Moreover, the report profiles key players in the market analyzing them thoroughly based in certain criteria such as market size, annual share, total revenue, customer base, etc.
Soil Environmental Remediation Segment to Emerge as the Most Lucrative Segment
The global Environmental Remediation market is classified into soil, groundwater, sediment, surface water based on medium. Among these, the soil environmental remediation segment is expected to account for the largest market share in the forecast span owing to multiple factors such as excessive remediation programmes, increase in environmental regulations, growing importance of corporate environmental, social and governance (ESG) initiatives, private and public sector activities focused on soil preservation activities.
Industrial Applications to Ensure Revenue Maximization
The global Environmental Remediation market is classified into in-situ, ex-situ, excavation, pump and treat, thermal desorption, solidification and stabilization, oxidation, nanoremediation, soil vapour extraction, bioremediation based on technology. Among these, bioremediation segment accounted for largest market revenue of global environmental remediation market. The key factors such as growing demand for bioremediation of both soil and water for better human and environmental health, increasing government initiatives, and public and private firms increasing investments for bioremediation.
North American Region to Render Ample Investment Avenues
North America especially United States and Canada are expected to share maximum share of global environmental remediation market. The key factors such as increasing pollution levels fuelling growth in environment protection activities, increasing infrastructure investment, growing population, industrialization, government led stringent health and safety regulations is driving demand for environmental remediation thereby fuelling growth of global environmental remediation market.
The need of water purification, drinking water treatment and industrial wastewater treatment plants, mitigation of global water shortages and global climate change for protection of human health and restoration of the environment has improved the reliance on environmental remediation.
Rapid application environmental applications to remediate contaminated soil, groundwater, surface water, sediment, etc are fostering remarkable progress in the global environmental remediation market.
Advantages such as superlatives capabilities of reclaiming the contaminated area by removing contaminants from soil, surface water, groundwater, sediment, etc leading to improved environmental quality, human health, well-being and safety are encouraging further adoption of environmental remediation.
Environmental remediation refers to removal of environmental contamination from both removal of natural and anthropogenic sources for protecting people and environment against potential harmful effects from exposure to contaminants.
Factors such as excessive remediation programmes, increase in environmental regulations, growing importance of corporate environmental, social and governance (ESG) initiatives, private and public sector activities focused on environment preservation activities is boosting the global environmental remediation market. Additionally, growing investments in infrastructural development are expected to upsurge needs for environmental redress.
However, waste generation from remediation, ethical issues, occupational exposure due to remediation works, radiation risk to the population due to the land use, significant costs are major factors likely to hamper the market growth. Furthermore, government initiatives for environmental protection, financial assistance by governments, advanced remediation technologies, increasing health and safety regulations are anticipated to provide growth opportunity to the global environmental remediation market.
The major services providers, companies and investors in global environmental remediation market are ENTACT, Terra Systems, Engineering and Maintenance Solutions, HDR, Brisea Group, Golder Associates, Jacobs Engineering Group, DEME NV, AECOM Technology, and Clean Harbors among all other well-established and emerging players. These companies provide efficient identification and assessment of contaminated sites. Moreover, they implement appropriate technologies, advanced mechanisms, technical expertise, and have upgraded disposal facilities and monitoring equipment. The market players to stay competitive are focusing on specific human and environmental health aspects, fortifying services through advanced mechanisms, technical expertise, and have upgraded disposal facilities and monitoring equipment.
Latest Innovations in the Global Environmental Remediation Market: a Snapshot
- Bergen County Utilities Authority (BCUA), AECOM Technology, and Columbia University entered into a collaborative agreement to understand Covid-19 RNA in BCUA sewer shed and wastewater.
- Golder Associates, in October 2020, inked partnership deal with Canada based E2metrix, CanmetMINING, and Osisko Mining.
- Companies like Terra Systems and Engineering and Maintenance Solutions to stay competitive are focusing on specific human and environmental health aspects, fortifying services through advanced mechanisms, technical expertise, and have upgraded disposal facilities and monitoring equipment.
- Natural Resources Canada is a pilot project undersigned by E2metrix, Golder Associates Inc., Investissement Québec, CanmetMINING (Canada), and Quebec’s Ministry of Economy and Innovation The partnership is aimed at removing contaminants like ammonia nitrogen from mining wastewater.
- DNR and Entact, geotechnical construction and remediation specialising firms, set up main staging site on East Mullett Street for removing sediment from the Portage Canal.
Environmental Remediation Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2031 |
| Study Period | 2018-2031 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2031 | $ 200.1 billion |
| Growth Rate | CAGR of 6.7 % during 2021-2031 |
| Segment Covered | By Environmental Medium, By Technology, Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Environmental Remediation Resources Pty Ltd., GEO Inc., Newterra Ltd., Weber Ambiental, Clean Harbors, Inc., Dredging, Environmental and Marine Engineering NV (Deme Group), Golder Associates Corporation, Brisea Group, Inc., Entact LLC and among others. |
Key Segments of the Global Environmental Remediation Market
Medium Overview (USD Billion)
- Soil
- Groundwater
- Sediment
- Surface water
Technology Overview (USD Billion)
- In-situ
- Ex-situ
- Excavation
- Pump and treat
- Thermal Desorption
- Solidification and stabilization
- Oxidation
- Nanoremediation
- Soil vapour extraction
- Bioremediation
Regional Overview (USD Billion)
North America
- U.S
- Canada
Europe
- Germany
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
South America
- Mexico
- Brazil
- Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
Environmental remediation market size is expected to reach $ 200.1 billion with an annualized growth rate of 6.7 % by 2031.
The soil medium segment of environmental remediation market is expected to account for the largest market share in the forecast span.
Avail the COVID-19 imapct analysis on market evolution during 2022 to 2031.