The global vertical garden construction market revenue is expected to expand at a significant CAGR over the forecast period. Rise in construction projects and activities in various countries across the globe as well as rising popularity of green screens on buildings are among some of the primary factors expected to drive market growth over the forecast period.
Vertical gardens also known as vertical planting systems, green walls, plant walls which have been successfully implemented in several projects around the world over the past 15 years. Growth of the vertical garden construction market could be attributed to the growing urbanization and rising demand for high quality food with no use of pesticides and herbicides. However, the high initial investments acting as a major restraining factor for the market.
Global market report has been segmented on the basis of type, application, and region.
On the basis of type, the target market is segmented into indoor vertical garden wall and outdoor vertical garden wall. On the basis of application, it is segmented into residential and non-residential.
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Based on region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. European and Canadian projects have taken the lead in implementing these planting systems. Whereas, market in Asia Pacific is projected to account for highest share in terms of revenue over the forecast period, owing to growing building & construction activities, rising urbanization, changing consumer preferences and supportive government measures. Continuous growth of sustainable design and construction, vertical gardens will play an increasing role to bring improved aesthetics and energy use to buildings. In addition, many public places across the globe featuring vertical gardens to improve aesthetics and reduce energy costs. For instance, a number of airports such as Chhatrapati Shivaji International Airport in India, Singapore Changi Airport and Edmonton International Airport in Canada includes vertical gardens in their architecture.
Key players operating in the global vertical garden construction market include LiveWall, LLC, Sempergreen BV, The Greenwall Company, ZTC International Landscape Solutions (P) Ltd., Rentokil Initial plc., American Hydrotech, Inc., ANS Group Global Ltd, Biotecture Ltd., Elmich Australia, Fytogreen Australia, A+ Lawn and Landscape and others.