Global Vertical Garden Construction Market Research Report Forecast to 2025
Global Vertical Garden Construction Market: Information by Type (Outdoor Vertical Garden Wall and Indoor Vertical Garden Wall), Application (Residential and Commercial) and Region - Forecast to 2025
The Global Vertical Garden Construction Market is poised to witness significant growth during the forecast period. Factors such as the growing demand for vertical gardens and growing demand for green buildings are powering 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 developing economies can be a revolutionary opportunity driving this market. Asia-Pacific is projected 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 the year 2018, North America held its second-largest market share in the vertical garden construction market. The increasing concern for reducing carbon emission and the government initiatives for the construction of greener buildings have boosted the demand for vertical garden construction, especially in north America.
The global market is segmented by type and application. Based on type, the vertical garden construction market is divided into outdoor vertical garden wall and indoor vertical garden wall. Based on 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 Global Vertical Garden Construction Market is expected to expand at 6.18% CAGR during the Forecast Period.
The Global Vertical Garden Construction Market has been segmented by type and by application. Based on type the market has been segmented into 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). Based on application the market has been segmented into Application and Residential and Commercial.
The Global Vertical Garden Construction Market has been split into different regions like Region-specific analysis of the vertical garden construction market spans across North America, Europe, Asia-Pacific (APAC), Europe and Rest of the World (ROW). Asia-Pacific is responsible for the major market share in the global vertical garden construction industry and is anticipated to witness the highest CAGR until the end of the year 2025, due to the ever-increasing number of construction projects, which are set to go underway. With the nations such as India, China, and South Korea looking to boost their infrastructural base, enhance the aesthetics of the cities, and curtail pollution. Hence, these countries focus on the construction of vertical gardens, which filter the air and lessen the remaining greenhouse gas by transforming carbon dioxide (CO2) into oxygen. 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 proposed spectators in the global vertical garden construction market are huge corporates, SMEs, distributors and wholesalers, Investors and trade experts, Governments, associations and industrial bodies, etc. The major companies functioning in the global vertical garden construction market are concentrating on firming their global ways by entering into untouched markets. LiveWall, LLC (US), Atlantis Corporation Australia Pty Ltd (Australia), ANS Group Global Ltd (UK) and Sempergreen (Netherlands) are some of the major players in the global vertical garden construction market. Some of the key developments in the global vertical garden construction market took place in June 2018, Sempergreen launched LifeMCC, which is an ideal mobile plant system to bring energy and life into an indoor area. This development enabled it to cater to new customers with added products. In August 2019, Biotecture and Balfour Beatty plc formed a partnership to install the first hydroponic living wall under the highways scheme in the UK.