BCC Research Blog | Industry Analysis and Business Consulting

7 Key Players Shaping the Environmental Remediation Market

Written by Karishma Arora | Mar 27, 2024 1:00:00 PM

Environmental remediation deals with the removal of pollution or contaminants from environmental media such as soil, groundwater, sediment, or surface water. Through a carefully designed process, these waste products are removed and disposed of or broken down for the protection of human health, as well as the restoration of the environment. In simpler words, it is a process of cleaning up the environmental sites by removing hazardous substances and containing or treating the contaminants or pollutants from the environment.

Remediation technologies can be categorized into ex-situ and in-situ methods:

  • Ex-situ methods: Involve excavating affected soils and treating them at the surface.
  • In-situ methods: Treat the contamination without removing the soils.

According to BCC Research, the worldwide market size for environmental remediation technologies is projected to rise from $88.4 billion in 2023 to $124.6 billion by the end of 2028. The forecast period of 2023-2028 is expected to see a compound annual growth rate (CAGR) of 7.1%. Join us as we delve into the fascinating realm of Environmental Remediation, where every action brings us closer to a greener future.