ID: MRFR/CO/2546-CR | 97 Pages | Published By Tejas Chaudhary on February 2020
Vertical Garden Construction Market is projected to be worth USD 1.4 Billion by 2030, registering a CAGR of 8.2% during the forecast period (2022 - 2030).
2022 to 2030
Vertical Garden Construction Market is expected to expand at 6.18% CAGR during the Forecast Period (2022 to 2030). Today, the popularity of green buildings is high. These buildings promote energy efficiency and eco-friendliness. The growth of Vertical garden construction in such places is higher. Most of these buildings incorporate vertical gardens as supports for the environment. The green buildings work on solar power, they use natural lighting and fresh air. For all these purposes the need for the vertical garden is surging. Further, the growing concern about carbon emission is a crucial diver in the market.
Today, carbon emission is beyond the danger level. Due to this man governments are taking initiatives to reduce such emissions. The plenty of initiatives taken by the government leads to more adoption for the market. Further, demand from the merging nations plays an important role. These regions have the highest need for new buildings and constructions. The infrastructural development in such nations is higher.
The concept of a vertical garden is becoming more prevalent in these countries. Countries such as China, India, Japan and Malaysia have the highest investments in such gardening. Both the residential and commercial building prefers the vertical garden. Apart from this malls and multistory buildings have the highest adoption. This entire factor will raise overall market value immensely.
The global market is segmented by type and application. By type, the vertical garden construction market is segmented into outdoor vertical garden wall and indoor vertical garden wall. The outdoor vertical garden wall segment is dominating the market, owing to many projects implemented in the outdoor vertical garden wall and several applications such as hotels and buildings.
By application, the vertical garden construction market is segmented into residential and commercial. The commercial segment is the dominating segment, owing to its extensive applications and increasing sustainable building construction practices has further boosted the demand for the vertical garden construction market.
The Key Players operating in the market are Sempergreen (Netherlands), ANS Group Global Ltd (UK), LiveWall, LLC (US), and Atlantis Corporation Australia Pty Ltd (Australia).
Region-specific analysis of the vertical garden construction market spans across North America, Europe, Asia-Pacific (APAC), Europe and Rest of the World (ROW).
Source: MRFR Analysis
Asia-Pacific accounts for the largest market share in the global vertical garden construction industry and is estimated to witness the highest CAGR untill the end of 2025, due to the increasing number of construction projects, which are set to go underway. With the nations such as India, China, and South Korea looking to strengthen their infrastructural base, boost the aesthetics of the cities, and curb pollution. Therefore, these countries focus on the construction of vertical gardens, which filter the air and reduce the existing greenhouse gas by converting carbon dioxide (CO2) into oxygen. For instance, in August 2019, the Korea Land and Housing Corp. (LH) announced to introduce vertical gardens in Seoul for public housing by applying an “automated irrigation system”, which can automatically water plants according to the temperature. Furthermore, the company plans to introduce plant purification benches in Seoul on a trial base, a combined rest area of plants and benches, for helping residents ease concerns over fine dust.
Furthermore, inspired by other countries such as China and Italy, India is also focusing on the construction of vertical gardens in cities such as Bengaluru, Mumbai, and Noida. In 2017, India’s first vertical garden was set up at the Hosur Road Electronics City Flyover in Bengaluru, Karnataka for controlling the pollution level of the city. Moreover, it will act as a soundproofing barrier.
The global vertical garden construction market has been segmented on the basis of type and application. By type, the market is segmented as outdoor vertical garden wall and indoor vertical garden wall. The outdoor vertical garden wall segment is dominating the market, owing to high aesthetic appeal, greener urban space, improves outdoor climate and reduces greenhouse gases such as carbon dioxide (CO2), carbon monoxide (CO) and nitrogen dioxide (NO2).
Sempergreen is a mobile plant system that operates in an indoor area. This place brings energy and life to this building. This new development of the company is expected to increase the supply of the market. New customers and demand are possible.
Biotecture and Balfour beauty companies are forming a partnership. This joint venture is expected to create new developments. The installation of their first hydroponic living wall was launched under the scheme. This development will create more opportunities in the market. The European portfolio will enhance the supply and demand of the market.
Key Questions Addressed by the Report
|Market Size||2030: Significant Value|
|CAGR||6.18% CAGR (2022 to 2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Application, Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Sempergreen (Netherlands), ANS Group Global Ltd (UK), LiveWall, LLC (US), and Atlantis Corporation Australia Pty Ltd (Australia).|
|Key Market Opportunities||Increasing sustainable building construction practices|
|Key Market Drivers||
The global vertical garden construction market is anticipated to account for a substantial revenue generation by 2023, expanding at a considerable CAGR of 6.18% over the review period.
The foremost market players operating in the global vertical garden construction market include Sempergreen (Netherlands), ANS Group Global Ltd (UK), LiveWall, LLC (US), and Atlantis Corporation Australia Pty Ltd (Australia), among others.
The global vertical garden construction market segmentation is conducted based on type and applications.
The regional analysis of the global vertical garden construction market is conducted in four major regions, including Europe, the Asia Pacific, North America, and the rest of the world (including the Middle East and Africa, and Latin America).
The Asia Pacific region in the global vertical garden construction market is slated to dominate the market share over the review period, while the report projects the steady growth in North America.