Vertical Forest Market Size, Share, Trends, Forecast 2030
According to the report, the global Vertical Forest market was valued at USD 2.33 Billion in 2019 and is expected to reach over USD 12.27 Billion by 2026, growing at a CAGR of around 26.5% during the forecast period from 2020 to 2026.
The Vertical Forest market is anticipated to register growth owing to tremendous focus of all the countries on sustainable development which focuses development of environment. Demand for smart cities across the globe is also driving the requirement of vertical forest.
Global Vertical Forest Market: Overview
In the district of Porta Nuova, Bosco Verticale, a pair of residential towers has more than 900 trees planted within the tower. This concept of planting trees in the towers and complexes is known as a vertical forest. The benefits of vertical forest are numerous to be precise it is the most efficient method to absorb the atmospheric carbon dioxide. It is estimated that around 20,000 trees can approximately absorb 44,000 pounds of carbon dioxide. The benefits obtained from the vertical forest such as producing humidity, absorbing CO2 and dust particles, and producing oxygen will increase its demand in the coming years.
Global Vertical Forest Market: Growth Factors
The homes of the future will be rapidly adopting the concept of a vertical forest. The major factor that is triggering the demand for the vertical forest market is the exponentially growing air pollution. The growing sales of the automobiles and the rapid industrialization have contributed to the rise in the air pollution in the world. Thus there is an immense pressure in finding out ways to control this atmospheric air pollution. Since one of the solutions to resolve air pollution is vertical forest, as trees are the efficient means of absorbing carbon dioxide, the popularity of the vertical forest market will increase in the future years. Other benefits of constructing vertical forests are it helps in keeping the indoor temperatures cool, reduces the intensity of sound pollution, and helps in filtering the dust particles. Factors such as housing shortages and the rapidly changing climatic conditions will favor the growth of the vertical forest market. The factor that may limit the growth of the market is the extra investment that is required for the regular maintenance of the plants.
Global Vertical Forest Market: Segmentation
The global vertical forest market can be segmented on the basis of plants and the end-user. Based on the type of plants, the vertical forest market can be divided into flowering plants, non-flowering plants, trailing plants, herbs, shrubs, and others. Based on the end-user, the market can be bifurcated into residential and commercial complexes.
Vertical Forest Market Report Scope :
Global Vertical Forest Market: Regional Analysis
As vertical forest market is still an emerging market it is diversified in five major regions such as Asia Pacific, Europe, North America, and the Middle East and Africa. The first emergence of the vertical forest was in Milan, Italy. This concept was a huge hit thus, later on, this idea was adopted by several other regions. Europe is anticipated to lead the vertical forest market due to the increased investments in the infrastructure development. Asia Pacific vertical forest market is anticipated to grow at a rapid rate in the coming years. Nanjing, the city in China is in the process of building a vertical forest. This project will consist of two buildings that will have 1,100 trees and more than 2,500 other types of plants. It is expected that in the coming years, North America will witness a good growth rate in the vertical forest market.
Global Vertical Forest Market: Competitive Players
As the vertical forest market is still in the emerging phase the market players are involved are limited. The design for the vertical forest in Nanjing Towers was conceived by Stefano Boeri, Stefano Boeri Architetti (SBA) — the Milan based design firm.
Global Vertical Forest Market is segmented as follows:
By Type of Plants
- Flowering Plants
- Non-Flowering Plants
- Trailing Plants
- Herbs
- Shrubs
- Others
By End-User
- Residential
- Commercial Complexes
Global Vertical Forest Market: Regional Segment Analysis
- North America
- The U.S.
- EuropeThe UKFranceGermany
- The Asia PacificChinaJapanIndia
- Latin AmericaBrazil
- The Middle East and Africa
What Reports Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.
About Zion Market Research:
Zion Market Research is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Zion Market Research are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.
Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Contact Us:
Zion Market Research
USA: +1 3479038971 | +1 7187054574
USA/Canada Toll Free: 1 (855) 465–4651 | Newark: 1 (302) 444–0166
UK: +44 2032 894158
India: +91 7768 006 007 | +91 7768 006 008
Email: sales@zionmarketresearch.com | Web: https://www.zionmarketresearch.com/
Follow Us on — LinkedIn | Twitter | Facebook | Pinterest | YouTube
Also Read Our Blogs: https://zmrblog.com/