Global Vertical Garden Construction Market is expected to expand at 6.18% CAGR during the Forecast Period.
The Global Vertical Garden Construction Market is poised to witness substantial growth during the forecast period. Factors such as the growing demand for vertical gardens and growing demand for green buildings are driving the market. However, the need for proper maintenance acts as a challenge for the market growth during the forecast period. Moreover, the scope for growth in emerging economies can be a futuristic opportunity driving this market. Asia-Pacific is estimated to be a prominent region for the vertical garden construction market owing to the presence of key markets namely China, India, Malaysia, Singapore, and Australia being the major markets of the region. In 2018, North America held the second-largest market share in the vertical garden construction market. The growing concern for reducing carbon emission and the government initiatives for the construction of greener buildings have boosted the demand for vertical garden construction, particularly in North America.
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.
Region-specific analysis of the vertical garden construction market spans across North America, Europe, Asia-Pacific (APAC), Europe and Rest of the World (ROW).
Global Vertical Garden Construction Market, by Region, 2018
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).
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).
Key Questions Addressed by the Report
|Market Size||2027: Significant Value|
|CAGR||6.18% CAGR (2020-2027)|
|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||
Frequently Asked Questions (FAQ) :
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.