Industrial Vegetation Management Market Scope
Transmission failure and power outages are most commonly caused by overgrown vegetation. Near electricity lines, tree branches can arc and ignite flames. The loss of utility service can jeopardize people's lives and livelihoods, as well as the provider's reputation. Industrial Vegetation Management is described as the process of using acceptable, environmentally sound, and cost-effective control measures to promote desirable, stable, low-growing plant communities that will resist invasion by tall-growing tree species. Chemical, biological, cultural, mechanical, and/or physical treatments are some of the options available. The IVM strategy aims to balance the benefits of cost, environmental quality, public health, and regulatory compliance while managing vegetation and the environment.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Nufarm (Australia), Dow AgroSciences (United States), BASF SE (Germany), Gunnison Tree Services LLC (United States), Monsanto (Bayer AG) (United States), ADAMA Ltd. (Israel), Boultbee Vegetation (Canada), Helena Professional Products. (United States) and DBi Services (United States) |
CAGR | 4.2% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that Global Vendors will contribute to the maximum growth of Global Industrial Vegetation Management market throughout the predicted period.
Nufarm (Australia), Dow AgroSciences (United States), BASF SE (Germany), Gunnison Tree Services LLC (United States), Monsanto (Bayer AG) (United States), ADAMA Ltd. (Israel), Boultbee Vegetation (Canada), Helena Professional Products. (United States) and DBi Services (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Fecon Inc. (United States), Profile Products LLC (United States), DuPont (United States) and StrategiTech, LLC (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Industrial Vegetation Management market by Type , by Application (Forestry, Rangeland and Pastureland, Roadways and Others) and Region with country level break-up.
On the basis of geography, the market of Industrial Vegetation Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In Mach 2024, Liberty Missouri and LiveEO announce that LiveEO has entered a collaboration with Liberty Missouri, a significant development in our ongoing expansion in North America. This collaboration underscores our shared commitment to innovative and sustainable utility management practices.
In September 2020, Nufarm Americas, Inc. recently announced the launch of Panther MTZ herbicide. Panther MTZ is the latest in Nufarm’s portfolio of innovative Panther herbicides formulated to help growers gain weed management efficacy, resistance management and lasting residual control that improves flexibility come spring.
Influencing Trend:
Stringent Forest Care Norms and High Investment in Vegetation Management R&D
Market Growth Drivers:
Growth in Number of Tree Plantation Projects and Rising Environmental Awareness
Challenges:
Fierce Competitive Pressure
Restraints:
Lack of User Awareness
Opportunities:
Increasing Green Infrastructure Across European Regions and Demand for Cost Effective Vegetation Management
Key Target Audience
Industrial Vegetation Management Solution Providers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others