Industrial Vegetation Management Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Industrial Vegetation Management Market: Product Type (Herbicides, Insecticides, Plant Growth Regulators, Others), Industrial Application (Roadways, Railways, Aquatic Areas, Electric Utilities and Pipelines, Rangeland and Pastureland, Others), and Geography

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Report

Description

The industrial vegetation management market is estimated to be valued at USD 1,446.8 Million in 2021 and is poised to grow at a significant CAGR of 6.3% over 2022-2028. Industrial vegetation management is described as the technique of deliberately encouraging the low-growing vegetation to reduce the growth of undesirable species such as weeds and avoid service interruptions. Electric companies utilize a variety of technologies to regulate or remove vegetation in a safe and ecologically conscientious manner to avoid such outages. The goal of vegetation management is to avoid tree damage while preserving a healthy relationship with the environment. Based on product type, the global industrial vegetation market is segmented into Herbicides, Insecticides, Plant Growth Regulators, and Others. Herbicides segment accounted to have largest share and is projected to grow at a significant CAGR over the forecasting period. Chemical control with herbicides has been an important tool for managing weeds in crops and landscapes for many years. Most of the current herbicides are more effective and selective. Although herbicides are widely used, few people understand how they work to control undesirable plants. Considering these benefits herbicide segment is used widely. The increasing need for industrial vegetation management solely in forestry, electric utility railways, and roadways are major factors that help the market’s growth. Furthermore, power utilities, pipelines, and aquatic areas are key drivers boosting the global industrial vegetation management market’s growth.

Recent Market Developments:

In July 2017 – DBi Services acquired railroad vegetation management specialist reforestation services. The transaction adds to DBi Services existing presence, further increasing its resource capabilities across the United States. In combination to its existing vegetation management and varied service capabilities.

Industrial Vegetation Management Market

MARKET SUMMARY
-
6.3% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 6.3%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– North America

Industrial Vegetation Management Market

  • The industrial vegetation management market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The industrial vegetation management market is segmented based on Product Type, Industrial Application, and geography.
Key Players
  • BASF
  • Nufarm
  • DuPont
  • Makhteshim Agan
  • Dow AgroSciences
Industrial Vegetation Management Market

Dynamics

The market is expected to offer lucrative opportunities due to transmission failure and power outages are most caused by overgrown vegetation. Near electricity lines, tree branches can arc and ignite flames. Trees and vegetation close to residential or commercial properties, power lines, or on land accessible to the public need careful management. To reduce this problem the vegetation management products, have high demand and the growth is expected to be primarily driven by increasing demand and adoption of the category across those few regions including North America, Europe, and APAC. According to the power grid, the vegetation management is frequently the single largest line item in annual operating budgets, exceeding $100 million annually in many larger utilities.


North-America Got Significant Share

Industrial Vegetation Management Market

North America accounted for the largest share of the industrial vegetation management market and the market is expected to grow at a significant growth rate over the forecast years owing to California alone, utilities spent about $1 Billion annually on vegetation management. However, in the absence of actionable intelligence on industrial vegetation management, buyers may end up focusing on a tactical sourcing strategy without any focus on cost-saving opportunities. Moreover, Asia Pacific is expected to be the fastest expanding region in the market due to the hot, humid climate and an enormous variety of habitats that have given rise to an abundance and diversity of vegetative forms unlike that in any other area of the world.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The industrial vegetation management market report provides granular level information about the market size, regional market share, historic market (2016-2021) and forecast (2022-2028)
  • The industrial vegetation management market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The industrial vegetation management market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The global market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Industrial Vegetation Management Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Company Profile

  • BASF
  • Nufarm
  • DuPont
  • Helena
  • Monsanto
  • Dbi services
  • Makhteshim Agan
  • Dow AgroSciences
  • Boultbee Vegetation Management.

Description

The industrial vegetation management market is estimated to be valued at USD 1,446.8 Million in 2021 and is poised to grow at a significant CAGR of 6.3% over 2022-2028. Industrial vegetation management is described as the technique of deliberately encouraging the low-growing vegetation to reduce the growth of undesirable species such as weeds and avoid service interruptions. Electric companies utilize a variety of technologies to regulate or remove vegetation in a safe and ecologically conscientious manner to avoid such outages. The goal of vegetation management is to avoid tree damage while preserving a healthy relationship with the environment. Based on product type, the global industrial vegetation market is segmented into Herbicides, Insecticides, Plant Growth Regulators, and Others. Herbicides segment accounted to have largest share and is projected to grow at a significant CAGR over the forecasting period. Chemical control with herbicides has been an important tool for managing weeds in crops and landscapes for many years. Most of the current herbicides are more effective and selective. Although herbicides are widely used, few people understand how they work to control undesirable plants. Considering these benefits herbicide segment is used widely. The increasing need for industrial vegetation management solely in forestry, electric utility railways, and roadways are major factors that help the market’s growth. Furthermore, power utilities, pipelines, and aquatic areas are key drivers boosting the global industrial vegetation management market’s growth.

Recent Market Developments:

In July 2017 – DBi Services acquired railroad vegetation management specialist reforestation services. The transaction adds to DBi Services existing presence, further increasing its resource capabilities across the United States. In combination to its existing vegetation management and varied service capabilities.

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