Green wall Market Size, Share, Growth, and Industry Analysis by Type (Indoor Green Wall, Outdoor Green Wall), by Application (Commercial, Residential, Others), and Regional Insights and Forecast to 2031

Updated On: 29 April 2024

GREEN WALL MARKET REPORT OVERVIEW

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The global green wall market size was USD 713.07 million in 2021 and the market is projected to touch USD 1491.69 million by 2031, exhibiting a CAGR of 7.66% during the forecast period.

Green wall 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. 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 provide the choice of plants to be implemented in the walls. Experts in creating green wall designs and incorporating them into architectural plans. Participants are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact:  Pandemic Hampered The Market Due To Unexpected Disruption In The Sector

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID- 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID- 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

LATEST TRENDS

"Use of Innovative Products To Boost The Market Growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

GREEN WALL MARKET SEGMENTATION

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• By Type Analysis

According to type, the market can be segmented into indoor green wall, outdoor green wall.

Outdoor green wall will capture the maximum market share through forecast period. The government and local bodies are driving the outdoor segment as they are extensively using green walls on roadsides, flyovers and bridges to control air pollution and high temperatures.

• By Application Analysis

According to application, the market can be segmented into commercial, residential, others.

Green wall market players cover segment as commercial will dominate the market share during forecast period. Green walls in offices offer aesthetic appeal, improve indoor air quality, and can positively impact employee well-being and productivity. Green walls add a touch of nature and sophistication to hospitality spaces, enhancing ambiance and providing a unique feature.

DRIVING FACTORS

"Increasing Green Infrastructure In Urban Region To Boost The Market Growth"

Nature-based solutions can sustainably modify ecosystems for the improvement of general problems adaptively. Increase in the green infrastructure offers benefits for biodiversity as well as human wellbeing. Ecological gains by offering solutions and networks of urban interconnections with green spaces in order to surge the quality of life this support the market growth of green walls.

"Technological Advancement and Innovation To Upsurge The Market"

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the green wall market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. Constant development are one of the trends in the market in variety of practices.  Innovations in irrigation systems, sustainable materials, and plant care technology have improved the efficiency and sustainability of green walls.

RESTRAINING FACTOR

"High Cost To Hamper The Market Growth"

High initial cost is hampering development of green wall market. Installation of green walls involves significant upfront investment including materials, irrigation systems and maintenance. It requires regular maintenance to ensure plant health. Technical difficulties will reduce the industry revenue.

GREEN WALL MARKET REGIONAL INSIGHTS

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"Asia Pacific to Dominate the Region Due To Rapid Urbanization"

Asia Pacific is further expected to witness growth in the green wall market share. The region is dominating the market due to rapid urbanization and government initiatives promoting green infrastructure. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

KEY INDUSTRY PLAYERS

"Key Players Focus On Partnerships To Gain Competitive Advantage"

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger. The collective efforts of these major players expressively impact the competitive landscape and future path of the market.

List Of Market Players Profiled

• Bright Green (U.S.)
• ELT India (India)
• LiveWall, LLC (U.S.)
• The Greenwall Company (Australia)
• Greenscreen (U.S.)

INDUSTRIAL DEVELOPMENT

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.

REPORT COVERAGE

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.