COVID-19 Impact Analysis 

• The unfavorable global effects of COVID-19 are already evident and it has had a big impact on the environmental remediation in 2020.
• The World Health Organization (WHO) has declared a public health emergency after the COVID-19 virus outbreak in December 2019. The disease has spread in over 100 nations and resulted in massive deaths across the world. Exports & imports, global manufacturing, tourism, and financial sectors have all been heavily damaged.
• The downward pressure on the global economy, which had previously shown signs of improvement, has escalated once more. The outbreak of the virus has added danger factors to the international economy's already sluggish development. Many international groups have stated that the global economy is experiencing its most difficult moment since the financial crisis.
• Since the pandemic, the restriction of imports and exports has affected the environmental remediation to a great extent as consumers’ consumption and demand patterns are changing amidst the pandemic. 

Top Impacting Factors

The growth in government policies for protection of the environment is a major factor that drives the growth of the global environmental remediation market. The rise in awareness regarding effects of toxic waste on ecology and human life among individuals and increase in initiatives for local ecology protection are also factors that increase the demand for environmental remediation. Increase in number of environment-friendly industries is another factor that fuels growth of the global environmental remediation market. Furthermore, the surge in industrial and manufacturing sectors in emerging economies as well as requirement of clean water and air with growing population are factors expected to boost the growth of the global environmental remediation market in coming years.

Market Trends

• Increase in Government Initiatives for Environmental Protection is a Key Driver Environmental Remediation Market
• The increase in environmental pollution affects humans, animals, and the ecosystem. Pollution can lead to various diseases among humans, including jaundice, typhoid, diarrhea, hormonal disruptions, and even cancer; whereas acid rain destroys trees and plants, harms animals, and also destroys crucial layers of the ecosystem. To protect the environment from the adverse effects of pollution, governments of many countries have started enacting various environmental protection and restoration policies and legislations, which resulted in the rise in adoption of environmental remediation technologies globally.
• Development of Advanced Remediation Technologies is A Major Boost for Market Growth
• The nano-remediation technology, which uses nanoparticles for remediation, also facilitates the environmental pollution detection and remediation processes. Nano-materials with analytical techniques are used to develop inexpensive, easy-to-use, and miniaturized devices for the detection of a variety of environmental contaminants. They also have a strong potential for use in technologies for the treatment of contaminated water, soil, and sediment.
• Increase in Oil and Gas Excavation Activities Resulted in Growth of Environmental Remediation Market
• The oil & gas application is expected to continue to account for the largest size of the environmental remediation market, because of the high demand for remediation solutions to clean volatile organic compounds in this industry. Pollution is associated with different stages of oil and gas production, including wastewater, gas emission, solid waste, and aerosols generated during production, and refining, as well as during transportation, when spillage of oil and petroleum products make take place. Remediation technologies are used in the oil & gas industry to remove contaminants such as methane, propane, sulfur dioxide, volatile organic compounds, and other toxins.