Green Walls Market Eyewitness Massive Growth, Forecast 2032

As per the report published by The Brainy Insights, the global green walls market is expected to grow from USD 2 billion in 2022 to USD 4.31 billion by 2032, at a CAGR of 8% during the forecast period 2023-2032. The North American region emerged as the most prominent global green walls market, with a 36% market revenue share in 2022. North American region will account for the largest market share with revenue growth. The growing infrastructural investment by the public and private players will propel the growth of the building and construction sector, thereby driving the regional green walls market's growth. Furthermore, the technological advancements and greater access to products, given the presence of key players in the market, will propel the region's growth. The increasing emphasis on sustainable measures in the economic sector of the market will bode well for the regional green walls market.

Leading companies in the industry include ANS Group Global Ltd, Biotecture Ltd, ELT India, Green Mood, GreenBlue Urban Ltd, GSky Plant System Inc, Meamea, Moss Trend, Paisajismo Panot Vegetal, and TREEBOX, among others, are offering more significant opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.

The type segment is divided into felt, panel and trellis. The panel segment dominated the market, with a market share of around 43% in 2022. Panel systems are versatile as they can be used in any weather conditions in both indoor and outdoor spaces. The application segment is divided into indoor and outdoor. The outdoor segment dominated the market, with a market share of around 57% in 2022. 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. The medium segment is divided into loose growth, mat, sheet and structural. The mat segment dominated the market, with a market share of around 35% in 2022. Mat media systems are thin which works well within buildings. The end-user segment is divided into office spaces, hospitals, residential, landscaping, hotels and restaurants, public spaces, manufacturing facilities and others. The manufacturing facilities segment dominated the market, with a market share of around 30% in 2022. Rapid industrialization in the developing world will drive the demand for green walls in manufacturing facilities. Given the rising population, the increasing consumer demand will drive the growth of manufacturing facilities, which will drive the segment's growth in the global green walls market.

The rate of global industrialization and urbanization has accelerated in the recent past. The demand for housing has grown as the per capita income of the population has increased. Property developers are multiplying worldwide to meet the soaring demand for housing. Similarly to this, governments are expanding their investments in infrastructure. Building and construction are expected to be in higher demand as efforts are made to improve connection and networking through roads, ports, railroads, and airports. Governments have been pushed to increase their expenditure on constructing hospitals, schools, affordable housing, community spaces, and public utilities due to the need to raise citizens' quality of life and standard of living. The use of green walls will increase with the rapid pace of infrastructural development, given the need to balance sustainability with the nation's growth.

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