Global Vertical Garden Construction Market to Reach US$2.4 Billion by 2030
The global market for Vertical Garden Construction estimated at US$1.3 Billion in the year 2023, is expected to reach US$2.4 Billion by 2030, growing at a CAGR of 9.2% over the analysis period 2023-2030. Outdoor Vertical Garden Construction, one of the segments analyzed in the report, is expected to record a 9.6% CAGR and reach US$1.7 Billion by the end of the analysis period. Growth in the Indoor Vertical Garden Construction segment is estimated at 8.1% CAGR over the analysis period.
The U.S. Market is Estimated at US$349.6 Million While China is Forecast to Grow at 12.6% CAGR
The Vertical Garden Construction market in the U.S. is estimated at US$349.6 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$534.0 Million by the year 2030 trailing a CAGR of 12.6% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.8% and 7.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.0% CAGR.
Global Vertical Garden Construction Market - Key Trends & Drivers Summarized
Vertical garden construction, also known as green walls or living walls, has become increasingly popular in urban areas as a solution to the lack of green space and as a means to improve air quality and aesthetic appeal. These gardens involve growing plants vertically on structures such as walls, using soil or hydroponic systems. They are utilized in both residential and commercial buildings to enhance environmental sustainability and reduce urban heat islands. Vertical gardens offer a space-efficient way to incorporate greenery into densely populated areas, contributing to the overall well-being of urban dwellers.
The construction of vertical gardens involves the use of various materials and technologies, including modular panels, geotextiles, irrigation systems, and smart sensors. These components ensure that plants receive adequate water and nutrients while being anchored securely to the vertical surface. The choice of plants for vertical gardens is critical, often including species that are hardy, low-maintenance, and suitable for the local climate. The aesthetic and functional benefits of vertical gardens have made them a favored choice for urban planners and architects aiming to integrate nature into urban infrastructure.
The growth in the vertical garden construction market is driven by several factors. Increasing urbanization and the resultant reduction in horizontal green spaces have heightened the demand for vertical gardens as a viable alternative. Advances in construction technology and materials, such as lightweight, durable panels and efficient irrigation systems, have made vertical garden installations more feasible and cost-effective. The rising awareness of environmental sustainability and the benefits of green spaces, such as improved air quality and reduced urban heat, are also significant drivers. Additionally, government incentives and regulations promoting green building practices are encouraging the adoption of vertical gardens in urban planning and development projects. The aesthetic appeal and the ability to enhance property values further contribute to the market`s growth.
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