What Has Driven the Growth of the Green Roof Market in Recent Years?
The green roof market has seen considerable growth due to a variety of factors.
• The size of the green roof market has seen a quick expansion in the recent times. It is projected to increase from $2.1 billion in 2024 to $2.46 billion in 2025, with a compound annual growth rate (CAGR) of 17.1%. The upsurge during the historical period can be tied to factors like enhanced environmental consciousness, regulatory backing, urban development patterns, establishment of building regulations and standards, along with worries about energy efficiency.
What Is the Forecasted Market Size and Growth Rate for The Green Roof Market in the Coming Years?
The Green Roof market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, we anticipate a swift expansion of the green roof market, with its projected value being pegged at $4.53 billion in 2029, growing at a compound annual growth rate (CAGR) of 16.5%.
Climate change mitigation efforts, urban development strategies, increasing energy expenses, wellness and health trends, along with the global sustainability objectives, are all contributing factors to this anticipated growth in the projected period. Highlighted trends for the forecast period encompass technological progress, creation of biodiversity and habitats, focus on energy efficiency and insulation, increased inter-industry collaborations, as well as governmental incentives and regulations.
What Factors Are Driving Growth In The Green Roof Market?
The surge in the building of commercial, residential, and industrial properties is predicted to stimulate the expansion of the green roof market. The idea encompasses a business that involves the planning, creation, and construction of buildings using building materials. Increased building activities can result in heat generation and air contamination, effectively mitigated through the use of green roofs. For example, as reported by the US Census Bureau, a government agency, the worth of construction activities escalated from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Hence, the escalating requirement for construction and infrastructure advancements is expected to stimulate the green roof market.
What Are The Main Segments Of The Global Green Roof Market?
The green roof market covered in this report is segmented –
1) By Type: Extensive, Intensive
2) By Distribution Channel: Online, Offline
3) By Application: Residential, Commercial, Industrial
Subsegments:
1) By Extensive: Sedum Green Roofs, Herbaceous Plant Green Roofs, Low-Growing Vegetation
2) By Intensive: Garden Green Roofs, Flowering Plant Green Roofs, Edible Plant Green Roofs
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What Emerging Trends Are Influencing The Growth Of The Green Roof Market?
Leading enterprises functioning in the green roof market are embracing ground-breaking green roof ventures to augment urban biodiversity, enhance the quality of air, minimize energy utilization and foster sustainable architecture. The purpose of this initiative is to bolster urban sustainability with the incorporation of green roofs, which prove beneficial in managing stormwater, purifying the air, and mitigating the impact of heat islands. For instance, a company based in the US, Applied Mulch & Soil Inc, accomplished an inventive green roof project in the Bronx in March 2024, making a significant contribution toward urban sustainability endeavours. The green roof, offering insulation, can reduce energy expenses incurred through heating and cooling of buildings. This project tackles the heat island effect in urban areas by cooling the local vicinity through evapotranspiration generated by plants. The venture might also engage local communities in upkeep activities and learning sessions linked with green infrastructure.
Who Are the Key Players In The Green Roof Market?
Major companies operating in the green roof market include:
• Sika AG
• ArchiGreen Roof Ltd.
• Axter Ltd.
• Barrett Company LLC
• Columbia Green Technologies
• Bauder Flat Roofs Limited
• Optigreen International AG
• Green Roof Blocks LLC
• Sempergreen BV
• XeroFlor North America LLC
• ZinCo GmbH
• Soprema SAS
• Onduline Group
• Geo Green Power Limited
• Q-BOT Ltd.
• Dow Chemicals International Private Limited
• Plant-e BV
• ICAX Ltd.
• Optigrun International
• Tremco Inc.
• Bioroof Systems Inc.
• Vitaroofs
• Tajima Industries Ltd.
• Liveroof LLC
• Roofing Superstore Inc.
• Eco Green Roofs Ltd.
What Is The Most Dominant Region In The Green Roof Market?
Europe was the largest region in the green roof market share in 2024. The regions covered in the green roof market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
