Vertical Garden Construction Market Set to Exceed $13 Billion by 2030
In a recent report published by MarkWide Research, titled “Vertical Garden Construction Market,” the global market for vertical garden construction is on an upward trajectory of significant growth. This surge is propelled by the increasing interest in urban green spaces, sustainability initiatives, advancements in vertical garden technology, and the aesthetic appeal of vertical gardens in both residential and commercial settings.
Vertical garden construction involves the design and installation of living plant walls on vertical surfaces, offering numerous environmental, aesthetic, and health-related benefits.
The global vertical garden construction market is expected to exceed a valuation of $13 billion by 2030, with a projected compound annual growth rate (CAGR) of 3.8% from 2023 to 2030. Several key factors are contributing to this growth:
1. Urbanization and Limited Space: Growing urbanization has led to limited green spaces, making vertical gardens an attractive solution for incorporating nature into city environments.
2. Sustainability and Green Building: Vertical gardens contribute to energy efficiency, air quality improvement, and thermal insulation, aligning with green building standards and sustainability goals.
3. Aesthetic Appeal: The visually striking appearance of vertical gardens enhances the aesthetics of buildings and public spaces, attracting property developers and architects.
4. Wellness and Well-being: Greenery in urban environments is associated with improved mental well-being and reduced stress, driving the demand for vertical gardens.
5. Indoor Applications: Vertical gardens are increasingly used indoors, in homes, offices, and shopping malls, creating a niche market for interior landscaping.
6. Technological Advancements: Innovations in vertical garden systems, including automated irrigation and monitoring, improve ease of maintenance.
7. Air Purification: Vertical gardens act as natural air purifiers, filtering pollutants and enhancing indoor air quality.
8. Educational and Therapeutic Benefits: Vertical gardens are used in educational institutions and healthcare facilities for their educational and therapeutic benefits.
MarkWide Research’s comprehensive analysis of the global vertical garden construction market provides valuable insights into market dynamics, key players, and emerging trends. This information equips industry stakeholders with the knowledge needed to make informed decisions and capitalize on the growing opportunities within the market.
In conclusion, the global vertical garden construction market is poised for significant growth, driven by the desire for urban green spaces, sustainability objectives, and the aesthetic and well-being benefits of vertical gardens. With a projected CAGR of 3.8% by 2030, the market offers substantial opportunities for landscape architects, construction companies, and property developers seeking to enhance the greenery and appeal of urban environments.