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Vertical Garden Construction Market Growth Projections and Opportunities
The worldwide market for building vertical gardens is growing because more people want these special gardens and there's a greater demand for eco-friendly buildings. But, taking care of these gardens properly is a bit tricky, and that's a challenge for the market to keep growing in the future. Experts think that the global market for vertical garden construction will increase by about 6.18% every year.
Divided the market into different parts based on the type of vertical garden, where it's used, and the region. First, the types of vertical gardens are split into outdoor ones that you put on walls outside and indoor ones you set up inside your home or office. In 2018, the outdoor wall type was more popular, making up 61.10% of the market, valued at $458.6 million. And they think it will keep growing at a rate of 6.49% each year.
They're used either in houses (that's the residential part) or in places like offices and shops (that's the commercial part). In 2018, the commercial use was more common, making up 77.23% of the market, with a value of $579.7 million. And just like the outdoor gardens, they expect this to keep growing at a rate of 6.47% every year.
Lastly, they looked at different regions of the world to see where these gardens are most popular. In 2018, Asia-Pacific was the leader, making up 31.77% of the market, with a value of $238.4 million. And they think it will keep growing at a faster rate of 7.69% each year.
More people are interested in having vertical gardens, especially outside on walls. Businesses use them more than homes, and in Asia-Pacific, these gardens are especially popular and expected to become even more so in the future. But, the challenge is making sure they're taken care of properly. Experts predict that the market for building these gardens will keep growing by around 6-7% every year.
Covered Aspects:| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 0.8 Billion |
| Market Size Value In 2023 | USD 0.9 Billion |
| Growth Rate | 8.20% (2023-2032) |
Vertical Garden Construction Market Highlights:
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