Industrial Vegetation Management Market

Global Industrial Vegetation Management Market Size (2024 to 2029)

The global Industrial vegetation management market size is expected to reach USD 1.58 billion in 2024 and reach USD 1.97 billion by 2029, growing at a CAGR of 4.55% from 2024 to 2029.

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

MARKET DRIVERS

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. 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.

MARKET RESTRAINTS

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 largely affecting the market boom. 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

SEGMENTAL ANALYSIS

Global Industrial Vegetation Management Market Analysis By Product Type

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.

Global Industrial Vegetation Management Market Analysis By End-Use Industry

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.

REGIONAL ANALYSIS

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 are 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 PLAYERS IN THE GLOBAL 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 management market.

RECENT HAPPENINGS IN THE 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.

DETAILED SEGMENTATION OF THE GLOBAL INDUSTRIAL VEGETATION MANAGEMENT MARKET INCLUDED IN THIS REPORT

This research report on the global industrial vegetation management market has been segmented and sub-segmented based on product type, End-use industry, and Region.

By Product Type

• Herbicides
• Insecticides
• Plant Growth Hormones

By End-Use Industry

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

By Region

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