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.
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: Regional Segment Analysis
- North America
- The U.S.
- Europe
- The UK
- France
- Germany
- The Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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