In recent years, with the increasing population, the demand for food and energy resources has gone up; therefore, human intervention in the environment to obtain food and energy has disturbed the natural balance, especially in terms of soil and climate. Environmental remediation is a process in which pollution and toxic substances are removed or significantly reduced from the environment for human and environmental health. Unfortunately, the time-consuming implementation of environmental laws and the cost of remediation equipment have hindered the growth of this market.
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Table of Contents
Market / Industry segment of environment remediation
|Base Year||Market size(B$)||Duration(YEAR)||CAGR(%)||Source Name|
|2019||106.23||9||7.50%||Verified market research|
|2016||79.57||6||7.50%||Zion market research|
Influencing factors that changes market size of environment remediation
The size of the market value changes under the influence of many factors; the increase and decrease in the rate of these influential factors lead to changes in the value of the market size, which is provided by direct and reverse drivers in the market of environmental remediation.
- The impact of social networks
- Increasing number of environmental NGOs
- Young population structure
- Increased water and soil pollution
- Lack of necessary awareness
- High price of drilling equipment and tools
- Lack of investment
This market may also be threatened by following risks:
In all different markets and industries, the risk is always one of the factors that business founders should be sufficiently aware of. The first step is a risk assessment to identify risks in the market to perform risk management. The market of environment remediation may also be threatened by the following risks:
- Legislation risk
- Manufacturing risk
- Funding risk
- Sales and marketing risk
- Stage of business