Share on

Global Industrial Vegetation Management Market Research Report – Segmented By Product Type (Insecticides, Herbicides, Plant Growth Regulators, and Others), End Use Industry (Utilities, Road ways, Rail Ways, Oil and Gas, Industrial Areas, Forestry, Rangeland and Pastureland) and Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) – Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast from 2023 to 2028

Published: March, 2023
ID: 4945
Pages: 175
Formats: report pdf report excel report power bi report ppt

Industrial Vegetation Management Market (2023 to 2028)

The global Industrial vegetation management market is expected to reach USD 1.86 billion by 2028 from USD 1.51 billion in 2023, growing at a compound annual growth rate (CAGR) of 4.55% during the forecast period from 2023 to 2028.

Industrial vegetation management is a process of clearing unwanted vegetation like weeds, grass, and others surrounding the power lines, transportation routes, and industries.

The increasing construction of new pipelines, roads, electrical infrastructure, and railway lines is the primary factor driving the global industrial vegetation management market. In particular, the urbanization trend and the focus on smart cities are improving the need for vegetation management to avoid any interruptions to the infrastructures. Also, the government's emphasis on safety is fuelling the business. In the utility sector, vegetation management is a crucial part of the maintenance to avoid the growth of any unwanted crops around the power lines and pipelines to ensure safety and accurate functionality. Similarly, in the transportation network, this process helps improve visibility for drivers on roadways, railways, and airports. The rising concern about environmental damage and sustainability is promoting eco-friendly vegetation management solutions around the world.

The advent of several new chemical and biological materials has influenced rapid adoption in the global industrial vegetation management market. In addition, the continuous changes in climatic conditions and weather are proving the need for effective vegetation management to avoid unexpected hazards. On the other hand, the need for proper vegetation to avoid infrastructure-related accidents or fires, along with the offered environmental benefits, is further promoting the industrial vegetation management business. The latest trend in drone technologies, remote sensing, GPS systems, and geographical information systems is another positive aspect of the industrial vegetation management market. The modern research and development activities and supporting government initiatives to promote vegetation management, are boosting sales in the business. The need to control invasive plant varieties, create new eco-friendly products, and reduce maintenance costs of infrastructure are predicted to create more opportunities for the industrial vegetation management market in the future.

The major limitation of the industrial vegetation management market is people's resistance to using chemical herbicides and pesticides that can harm the atmosphere through contamination. Also, there is a huge requirement for the market players to improve the trust factor for consumers in terms of using several chemical products as well as having no impact on the environment. In addition, the lack of experienced workers and high expenses associated with the implementation of vegetation management practices are negatively impacting the business. Although herbicides are effectively used in the treatment of weeds and unwanted crops, several species have developed a resistance towards traditional products. As mentioned earlier, the uncertain weather conditions are a great threat to the industrial vegetation management market. Heavy rainfall, floods, and heat can impede performance and result in overgrowth of unwanted crops. Besides, several invasive species cannot be treated with regular procedures and need upgraded products, resulting in additional costs for players in this business. In addition, the challenges associated with vegetation management in remote areas of developing countries are affecting the market boom to a large extent. Besides, the long-term impact of vegetation management processes and the challenges with data privacy due to the applications of GIS and remote sensing are supposed to limit the global industrial vegetation management market.

Impact of COVID-19 on the industrial vegetation management market:

The COVID-19 pandemic had an initial negative impact on the industrial vegetation management market. The lockdown restrictions resulted in supply chain disruptions, transportation limitations, and the cancellation of infrastructure projects. The shutdown of several companies led to a pause in research and development activities and improvements in the vegetation management process. Also, the temporary closures and contactless conditions led to a shortage of workforce for the removal of unwanted plant species. The lockdown also halted new highways and industrial constructions, which hampered the growth of the industrial vegetation management market. In addition, the shift towards addressing the immediate needs of people has hampered the vegetation process in almost all parts of the globe. The focus of the government on improving the healthcare infrastructure to combat the spread of the pandemic also delayed the approval of several new products used in the vegetation management process. However, after the ease of lockdown conditions, the industrial vegetation market started to grow steadily and will experience more demand in the following years due to the rapid urbanization trend across the globe.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022 to 2028

Base Year

2022

Forecast Period

2023 to 2028

CAGR

4.55%

Segments Covered

By Product, End-Use Industry, and Region

Various Analyses Covered

Global, Regional and Country Level Analysis; Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

BASF, DuPont, Dow Agro Sciences, Monsanto, Nufarm, Helena, Boultbee Vegetation Management, DBI Services, Ferrosafe, Lewis Services, Corteva Canada, VegClear, and Aquatic Vegetation Control Inc. Are some major key players involved in the industrial vegetation market.

 

This research report on the global industrial vegetation management market has been segmented and sub-segmented into the following categories.

Industrial Vegetation Management Market – By Product Type:

  • Herbicides
  • Insecticides
  • Plant Growth Hormones

The herbicides segment accounted for a significant share of the global industrial vegetation management market. The availability of effective and affordable herbicides to control the growth of weeds along with the rise in utility, roadways, and railways projects, are promoting the demand in this segment.

Industrial Vegetation Management Market – By End Use Industry:

  • Utilities
  • Roadways
  • Railways
  • Oil & Gas
  • Industrial Areas
  • Forestry
  • Rangeland and Pastureland

The utilities sector recorded a notable share of the industrial vegetation management market because of the current modifications to the traditional power lines and utility infrastructure. In addition, the transportation segment is likely to register significant growth in the coming years owing to the expanding transportation and logistics sector that requires roadways and railways for the movement of goods. Similarly, the rangeland and pastureland segment is also estimated to witness steady growth in the following years.

Industrial Vegetation Management Market - By Region:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

North America dominated the global industrial vegetation management system market due to the rising demand for advanced transportation and utility infrastructure within the area. Canada and the USA are the leading nations in this region. California is a prominent state in the USA with huge spending on vegetation management. In addition, the supportive government initiatives coupled with the adoption of the latest technologies are contributing to the US industrial vegetation management system market. Similarly, Canada is also an emerging market in North America, and with harsh climatic conditions, there is a huge need for continuous maintenance of industrial sites, transportation, and utilities, which will benefit the industrial vegetation management business in this locale.

Asia Pacific is predicted to record the highest growth rate in the forecast period. The spike in the number of highway projects and utility infrastructure modernization in several nations like India, China, Japan, and others is propelling business growth in this area. In particular, India has the longest railway network that requires continuous maintenance, providing a huge scope for the industrial vegetation management market. Similarly, the implementation of new electric lines, pipelines, and highway networks is foreseen to boost sales in the local business.

Europe is also a notable player in the global industrial vegetation management market. The region has a well-connected network of roadways and railways, which, if not properly maintained, can lead to several mishaps. Therefore, industrial vegetation management is essential to avoid any such events and ensure the safety of the drivers.

Latin America is an emerging player in the worldwide market owing to the recent changes in the economic conditions and expanding developments in nations like Brazil and Argentina. Similarly, the Middle East and Africa is an untapped market for industrial vegetation management with huge growth potential. Nations like Saudi Arabia, South Africa, and Dubai are focusing on exploring different options other than the tourism sector to strengthen their economies. This results in new construction and infrastructure projects that need constant maintenance, which will offer lucrative opportunities for the global industrial vegetation management market in the predicted timeframe.

KEY MARKET PLAYERS:

BASF, DuPont, Dow Agro Sciences, Monsanto, Nufarm, Helena, Boultbee Vegetation Management, DBI Services, Ferrosafe, Lewis Services, Corteva Canada, VegClear, and Aquatic Vegetation Control Inc. Are some major key players involved in the industrial vegetation market.

RECENT HAPPENINGS IN THIS MARKET:

  • In September 2023, AiDash, a renowned utility vegetation management company, introduced its new Intelligent Vegetation Management System (IVMS) 2.0, which provides additional features to modify vegetation management solutions using SatelliteVision and VegetationAI-based software.
  • In August 2023, Alamo Group announced its second-quarter financial results that showed a tremendous increase of 11.9% compared to the second quarter of 2022, where vegetation management sales accounted for a 2.5% increase.
  • In May 2023, Syngenta Crop Protection, a renowned company in agricultural innovation, confirmed its takeover of Macspred Australia to expand its footprint into forestry products and industrial vegetation. Macspred, with over three decades of experience, offers vegetation management solutions for roads, rails, utilities, forestry, and infrastructure industries.
  • In February 2023, Swap Robotics, a start-up company in Canada, raised an investment of USD 7 million through seed funding to improve its model of robotics-as-a-service to replace conventional solar vegetation management and use autonomous robots. Also, these robots are likely to expand their operations to snow plowing.

 

Please wait. . . . Your request is being processed

FAQ's

Which factors contribute to the growth of the industrial vegetation management market in Europe?

The growth in the European market is driven by increasing awareness of environmental conservation and stringent regulations regarding vegetation control in industrial areas.

What trends are shaping the industrial vegetation management market in Latin America?

In Latin America, the market is witnessing a shift towards sustainable and eco-friendly vegetation management practices, driven by a growing emphasis on environmental stewardship.

What is the expected compound annual growth rate (CAGR) of the global industrial vegetation management market over the next five years?

The global industrial vegetation management market is projected to grow at a CAGR of 4.55% from 2023 to 2028.

What are the major growth drivers for the industrial vegetation management market in Latin America?

Increasing industrialization, coupled with a rising focus on sustainable development, is propelling the growth of the industrial vegetation management market in Latin America.

What Is The Current Size Of The Industrial Vegetation Management Market?

The current size of the Industrial Vegetation Management Market is USD 1.51 billion in 2023.

What Are The Key Market players Involved In Industrial Vegetation Management Market?

BASF, DuPont, Dow Agro Sciences, Monsanto, Nufarm, Helena, Boultbee Vegetation Management, DBI Services, Ferrosafe, Lewis Services, Corteva Canada, VegClear, and Aquatic Vegetation Control Inc. Are some major key players involved in the industrial vegetation market.

Related Reports

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]

Click for Request Sample