Global Green Walls Market Size By Product (Soil based and Soil Less), By Application (Outdoor and Indoor), By Geographic Scope And Forecast
Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Green Walls Market Size By Product (Soil based and Soil Less), By Application (Outdoor and Indoor), By Geographic Scope And Forecast
Green Walls Market Size And Forecast
Green Walls Market size was valued at USD 12005.44 Million in 2024 and is projected to reach USD 23466.87 Million by 2031, growing at a CAGR of 9.64% from 2024 to 2031.
The rising urbanization across the world might create opportunities for the Global Green walls Market. The Global Green Walls Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Green Walls Market Definition
Green walls refer to the vertical masonry structure made with vegetation or covered with a variety of, choices of different plants. The vegetation on the green walls can be made of plants of different colors, flowers, and the rest of the others. People generally prefer ornamental plants with attractive colors and appearance to add aesthetic value to the areas or the spaces such as rooms, buildings, halls, and commercial spaces, among others.
Green walls offer various lucrative benefits to the end-users. The implementation of green walls across residential, commercial, and industrial areas offers various potential benefits. Green walls help to remove air pollutants, reduce urban temperatures, and thermal benefits to buildings, improve biodiversity, attenuate rainwater, reduce noise, increase productivity & creativity, and improve the sense of well-being, amongst others.
Green walls provide the choice of plants to be implemented in the walls. People can choose plants of their choice but the plants which are suitable for green wall vegetation. Improper choice of plants may create damage to the spaces and reduce the life of the green walls. Approximately 50 plants can be planted in a square meter of the green wall. Thus, it can offer wide and dense vegetation for a specific space, indoor or outdoor.
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Global Green Walls Market Overview
Urbanization is increasing around the globe due to industrialization, and immigration from rural and underdeveloped areas to megacities and urban areas. There is a tremendous rise in urbanization around the world as there is a rise in industrialization. People are shifting towards the urbanized areas leaving their dwelling places for their living as urban areas offer more employment. According to UN World Urbanization prospects, 2018, 55% of people around half of the world are living in urban areas. As compared to developing and underdeveloped countries, the developed nations across Western Europe, and the Americas, over and above 80% of the population live in the urban areas.
On the other hand, in other parts of the world including Eastern Europe, Asia-Pacific, Africa, and South America, 50% to 80% of the total population survive in urban areas such as cities and towns. Thus, the increase in urban population leads to the rise in urbanization across the world, especially in the Asia-Pacific region. This region has accounted for a higher share of urban development. Likewise, according to the UN’s Economic and Social Commission for Asia-Pacific (ESCAP), more than half of the world’s mega-cities (13 out of 22) are now found in the Asia-Pacific region. Thus, the rising urbanization across the world might create opportunities for the Global Green walls Market.
The implementation of green walls across residential, commercial, and industrial areas offers various potential benefits. Green walls help to remove air pollutants, reduce urban temperatures, thermal benefits to buildings, improve biodiversity, attenuate rainwater, reduce noise, increase productivity & creativity, and improve the sense of well-being, amongst others. However, the substitute available in the global market is for the green walls. Green façades are the major substitutes available with various benefits. Green façades are characterized by the wall that is covered with the vegetation growing from the pot or the soil bed at its base. Green façades are comparatively cost-effective, on the other hand, green walls are a little costly. Thus, the demand for green façades is likely high amongst the world population. Therefore, increasing the adoption of green façades around the world might be the major restraining factor of the Global Green Walls Market.
Regulations and laws regarding conserving energy are becoming stringent and promising to save energy across the world. The Federal Energy Management Program (FEMP) and the U.S. Department of Energy had published the final rule to implement provisions in the Energy Conservation and Production Act (ECPA) across the country. However, DOE or EA evaluates the potential environmental impacts of updating the energy efficiency standards for all new Federal low-rise residential constructions to 2015 IECC. According to the Federal Ministry for Economic Affairs and Climate Action, Germany, the Federal Government of Germany has created a legal framework, the Energy Conservation Act (EnEG) to promote energy transition in the buildings sector. This act will apply to all other new residential constructions as of 2021.
Global Green Walls Market Segmentation Analysis
The Global Green Walls Market is segmented on the basis of Product, Application, and Geography.
Green Walls Market, By Product
• Soil based• Soil Less
To Get Summarized Market Report By Product-
Based on Product, the market is bifurcated into Soil based and Soil Less. The Soil-based segment is accounted for the largest market share in 2021 and is projected to grow at a CAGR of 9.34% during the forecast period. Systems that integrate soil, compost or a specially designed lightweight soil-based growing medium on building surfaces or within buildings are known as soil-based systems for cultivating edible plants on buildings. Growing crops in containers (huge containers in the case of an intensive green roof, and container systems built for mounting to walls in the case of edible vertical walls where the containers are on the building’s surface) is essential, to what this is about. Containers for growing food on buildings can be designed with water reservoirs to keep some water within the system during times of drought, in addition to the soil retaining water. Soil-based systems help long-term urban drainage by retaining stormwater and gradually releasing it. Irrigation systems for soil-based systems are similar to those used for growing plants in the ground (hand-watering, automatic pumps with irrigation pipes, seep hoses, etc.)
Green Walls Market, By Application
• Outdoor• Indoor
Based on Application, the Global Green Walls Market has been segmented into Outdoor and Indoor. The Outdoor segment is accounted for the largest market share and is projected to grow at the highest CAGR of 9.11% during the forecast period. A green wall is a kind of wall that is covered with greenery and includes soil or a substrate. They are also known as the vertical garden or the living wall. Green walls are mostly composed of climbing plants. However, there are different alternatives that architects have used in which the plants are developed in an environment that uses development media like soil. It has an integrated water delivery system that provides insulation to balance out the temperature of a building. The green wall’s construction design is similar to normal wall constructions. The structure of the green wall depends on the clients’ requirements. There are various benefits of the green wall that include maintaining and changing the temperature within the building, reducing noise pollution and air pollution, and water-efficient processes. In addition to this, the green wall also helps in reducing the consumption of energy for cooling as well as heating.
Green Walls Market, By Geography
• North America• Europe• Asia Pacific• Rest of the world
To Get Summarized Market Report By Geography-
Based on regional analysis, the Global Green Walls Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Europe accounted for the largest market share and is projected to grow at a CAGR of 9.36% during the forecast period. Europe dominated the global market in 2021 and is likely to continue its dominance over the projected period. The European Commission’s research and innovation strategies for applying nature-based solutions are credited with this increase. Since the German government is constantly establishing and pushing living roof policies, there has been a noticeable increase in product demand. For instance, the funding program for greening measures implemented in Stuttgart city of Germany has supported the installation of the green walls and roofs, thereby positively influencing the overall market growth.
Key Players
The “Global Green Walls Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as ELT India, TREEBOX, Biotecture Ltd, Lang+Fulton, ANS Group Global Ltd, GreenBlue Urban Ltd, Hy-Tex (UK) Limited, Green-Tech, GSky Plant System Inc, Palmstead, and others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Green Walls Market Infographic
Key Developments
• In April 2022, SoluForm MSE Soil Filled Bagwork is a new product from Green-tech. SoluForm MSE Soil-Filled Bagworkis geotextile bags made from mechanically stabilized earth (MSE) that are used to build earthworks such as riverbanks, slopes, and walls.
• In May 2021, Staffordshire County Council (SCC) and Amey are working with innovators Biotecture and 40two to trial an active green wall on a school playground wall in Newcastle-under-Lyme as well as a living moss wall in Burton-on-Trent.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (USD Million) |
KEY COMPANIES PROFILED | ELT India, TREEBOX, Biotecture Ltd, Lang+Fulton, ANS Group Global Ltd, GreenBlue Urban Ltd, Hy-Tex (UK) Limited, Green-Tech, GSky Plant System Inc, & Others |
SEGMENTS COVERED |
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CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Market Research
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