New York 10013, United States of America – March 24, 2022 —
Vertical Garden Construction Market Overview
During the forecast timeframe, the vertical garden construction market is estimated to grow at a compound annual growth rate of a CAGR of 6.18 percent from 2022 to 2030.
An increasing number of vertical gardens are being built throughout the world, and this market is expected to develop significantly in the coming years. Rapid growth for vertical gardens and increasing demand for environmentally friendly architecture are fueling the market growth. While the market is expected to develop throughout the projected period, a satisfactory operation is a significant problem. Therefore, growing markets have the potential to be a source of future development for this industry. As a result of the existence of large markets such as Singapore, China, Malaysia, India, and Australia, the Asia-Pacific area is expected to be an important location for the building of vertical gardens.
The COVID-19 pandemic has indeed exposed the system’s flaws and left a lasting impression. Since the debut of the vertical garden, there has been a lot of buzzes. However, the outbreak had a negative impact on this industry, and it was not exempt. Producers couldn’t bring their goods to market, and small retailers had to close because they couldn’t get their products to market. An excellent side to the epidemic was the rise in popularity of the gardens. Using this system, crops may be irrigated, illuminated with Light bulbs, and nourished year-round, independent of the soil types or temperature fluctuations, all with no effort. Re-engineering and rethinking the world’s food networks has been one of the lessons of the epidemic, after the ease with which constraints were eased. In this situation, a vertical garden is a lifesaver.
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Key Players
The major market players in the market are
- Sempergreen (Netherlands)
- ANS Group Global Ltd (UK)
- LiveWall, LLC (US)
- Atlantis Corporation Australia Pty Ltd (Australia)
Vertical Garden Construction Market Segmentation
The worldwide market is divided into two categories: type and application. The vertical garden construction market is categorized based on type, with the most common outdoor vertical garden walls and interior vertical garden walls. A large number of projects have been completed in the outside vertical garden wall category, as well as a diversity of applications like resorts and residences. As a result, the outside vertical garden wall section now holds the largest market share.
The vertical garden construction market is categorized based on the application, with residential being the most popular. However, the corporate sector is the most dominant segment due to the wide variety of uses and the rising use of sustainable architecture construction techniques, which has further proved popular for the vertical garden construction industry across the globe.
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Regional Classification
The vertical garden construction market in the Asia-Pacific region is predicted to expand at the industry’s quickest and most unprecedented rates. Expansion in the construction industry, as well as a focus on environmentally friendly techniques, will lead to an increase in the need for vertical gardens. In addition, customers in countries like India, China, and Japan are becoming more environmentally conscious, which has contributed to the development of power and green building methods. Furthermore, the industry for environmental ceilings and walls is expected to develop over the forecast timeframe due to federal measures to decrease pollution levels, lower stormwater runoff volume, and lessen the heating impact.
Recent Development
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.
Sempergreen developed LifeMCC in June 2018 as an excellent mobile plant system for bringing energy and vitality into an interior space. In addition, it was able to expand its consumer base by offering additional items as a result of this development.
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.
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Table of Content
1 Executive Summary
1.1 MARKET ATTRACTIVENESS ANALYSIS 14
1.1.1 GLOBAL VERTICAL GARDEN CONSTRUCTION MARKET, BY TYPE 14
1.1.2 GLOBAL VERTICAL GARDEN CONSTRUCTION MARKET, BY APPLICATION 15
1.1.3 GLOBAL VERTICAL GARDEN CONSTRUCTION MARKET, BY REGION 16
2 Market Introduction
2.1 DEFINITION 17
2.2 SCOPE OF THE STUDY 17
2.3 MARKET STRUCTURE 17
2.4 KEY BUYING CRITERIA 18
3 Research Methodology
3.1 RESEARCH PROCESS 19
3.2 PRIMARY RESEARCH 20
3.3 SECONDARY RESEARCH 21
3.4 MARKET SIZE ESTIMATION 21
3.5 TOP-DOWN AND BOTTOM-UP APPROACH 22
3.6 FORECAST MODEL 23
3.7 LIST OF ASSUMPTIONS 24
4 MARKET INSIGHTS
5 MARKET DYNAMICS
5.1 INTRODUCTION 27
5.2 DRIVERS 27
5.2.1 GROWING DEMAND FOR VERTICAL GARDENS 27
5.2.2 GROWING DEMAND FOR GREEN BUILDINGS 29
5.2.3 DRIVERS IMPACT ANALYSIS 30
5.3 OPPORTUNITY 30
5.3.1 SCOPE FOR GROWTH IN EMERGING ECONOMIES 30
5.4 CHALLENGE 31
5.4.1 NEED FOR PROPER MAINTENANCE 31
6 MARKET FACTOR ANALYSIS
6.1 SUPPLY CHAIN ANALYSIS 32
6.1.1 RAW MATERIAL/COMPONENT SUPPLY 32
6.1.2 COMPONENT DESIGN 32
6.1.3 PROJECT EXECUTION 32
6.1.4 END USE 33
6.1.5 OPERATION & MAINTENANCE 33
6.2 PORTER’S FIVE FORCES MODEL 34
6.2.1 THREAT OF NEW ENTRANTS 34
6.2.2 BARGAINING POWER OF SUPPLIERS 34
6.2.3 THREAT OF SUBSTITUTES 35
6.2.4 BARGAINING POWER OF BUYERS 35
6.2.5 RIVALRY 35
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