PUBLISHER: Allied Market Research | PRODUCT CODE: 1298370
PUBLISHER: Allied Market Research | PRODUCT CODE: 1298370
The global vertical garden construction market was valued at $10,81,723.7 thousand in 2022 and is projected to reach $24,68,326.9 thousand by 2032, registering a CAGR of 8.6% from 2023 to 2032. Vertical gardens include all the natural gardens that are constructed in a vertical fashion. They are typically found indoors and outdoors in buildings. In the indoor application, vertical gardens are either mounted on the wall or stand freely on a specifically made support structure. Moreover, for the exterior application, vertical gardens are mostly found on the facade of the building.
With the growing popularity of sustainable living and energy-efficient buildings, demand for gardens has increased in recent years. Plants, trees, and other vegetations are essential for absorbing CO2 from the building, which eventually decreases the carbon footprint of the building. However, having a garden comes with many benefits, but the conventional horizontal garden can be expensive as it takes up excessive space which can be used for other more important purposes; therefore, the adoption of vertical gardens is increasing. Apart from enhancing the appearance of the building, a vertical garden also boosts the mood of inhabitants and increases their general productivity. The market is anticipated to grow rapidly in the coming years, owing to the introduction of technology into vertical gardens. Contrarily, the high cost of maintenance of facade gardens is anticipated to have an unfavorable influence on market growth.
Furthermore, due to COVID-19, the vertical garden construction market witnessed a halt, which led to a small-term decline in the market. However, as the number of COVID-19 cases has dropped significantly, the market has fully recovered.
The vertical garden construction market is segmented on the basis of type, garden type, application, and region. By type, the market is bifurcated into indoor vertical garden wall, and outdoor vertical garden wall. Depending upon garden type, the market is categorized into green wall vertical garden, green facades vertical garden, freestanding vertical garden, and others. On the basis of application, it is divided into residential and commercial. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competitive analysis and profiles of the major players in the vertical garden construction market are provided in the report. Major companies in the report include, ANS Group Global Ltd., Atlantis Corporation Australia Pty Ltd, Biotecture Limited, Elmich Pte Ltd, Four Leaf Landscape and Civiltech Pvt Ltd., Fytogreen Australia, LiveWall, LLC, PAISAJISMO URBANO, Sempergreen BV, and ZTC International Landscape Solutions (P) Ltd.