Green Roof Market Size And Forecast
According to Verified Market Research, the Global Green Roof Market was valued at USD 1.24 Billion in 2020 and is projected to reach USD 4.25 Billion by 2028, growing at a CAGR of 16.59 % from 2021 to 2028.



The global green roof market has witnessed strong growth owing to the rising awareness about these systems across various application areas. In addition, the development of the residential construction sector is expected to result in improved product awareness due to rapid urbanization coupled with enhanced living conditions, thus driving the demand over the forecast period. 

Global Green Roof Market Definition
A green roof refers to a constant layer of vegetation and soil, including the surface of a roof. The main components needed to construct the product are waterproofing, soil, and plants. Green roofs are also recognized as vegetative or eco-roofs. Green roofs are peculiar for retrofit or redevelopment plans as well as modern buildings and can be installed on small garages or larger industrial, commercial and municipal buildings. They efficiently use the natural functions of plants to filter water and use the air in urban and suburban landscapes. Green roofs increase and decrease energy consumption. They can decrease heating by adding mass and thermal resistance value also can lessen the heat island by enhancing evapotranspiration.

A green roof diminishes loads on a building by fifty to ninety percent, particularly if it is glassed-in to act as a terrarium and passive solar heat reservoir. Green roofs can offer a broad range of public and private advantages and have been actively installed in countries around the world. In North America, the advantages of green roof technologies are poorly recognized and the market persists immature, notwithstanding the efforts of industry leaders. In Europe nonetheless, these technologies have become very well organized. Green roof technologies not only offer the owners of buildings a proven return on investment, but also describe opportunities for notable social, economic, and environmental benefits, particularly in cities.

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Global Green Roof Market Overview
The global green roof market is principally driven by rising awareness about these systems across various application areas. In addition, the development of the residential construction sector is expected to result in improved product awareness due to rapid urbanization coupled with enhanced living conditions, thus driving the demand over the forecast period. Moreover, tax advantages offered to private companies by governments across the globe for the choice of green roofing materials are anticipated to bolster the market growth across the forecast period. In November 2019, the New York Department of Buildings announced that all new buildings and subsisting buildings in the city bearing significant roof renovations will have solar photovoltaic systems, living roof systems, or a combination of both. The implementation of the latest regulation is predicted to result in the expansion of the market over the forecast period.

Furthermore, the construction of green roofs let for modern social development as well as sustainable development in comparison to the conventional gravel-ballasted roof, which adds to the problem of the urban heat island and water scarcity and is also supporting the market to grow. However, the shortage of customary designing layouts and guidelines for the installation of green roofing is anticipated to hinder the growth of the market. Nevertheless, the benefits of tax offered by governments to private companies are projected to present lucrative opportunities for the growth of the green roof market. Further, government support to reduce toxic greenhouse gases and decrease global warming is expected to create lucrative opportunities for the market during the forecast period.

Global Green Roof Market: Segmentation Analysis
The Global Green Roof Market is segmented based on Type, Application, and Geography.

Global Green Roof Market by Type
• Extensive
• Intensive

Based on Type, the market is bifurcated into Extensive and Intensive. The extensive type is supposed to account for more than half of the overall market share by 2027, due to the simple installation of extensive green roof systems along with growing environmental concerns. The intensive segment in the global green roof market is expected to grow at highest CAGR during the forecast period. The growth of the segment is attributed to evolving trend of urban roof farms, vegetable farms, and rooftop farms across the globe.

Global Green Roof Market by Application
• Residential
• Commercial
• Industrial

Based on Application, the market is bifurcated into Residential, Commercial, and Industrial. The commercial segment in the global green roof market is expected to grow at highest CAGR during the forecast period. The living roof assists in decreasing the negative effects of the urban hardscape by reintroducing a real landscape without making significant changes to the city’s infrastructure. The commercial sector, which includes shopping malls & complexes, schools, offices, and government buildings, are significant application segments of living roofs. Intensive green roof systems are commonly used in the commercial sector.

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Global Green Roof Market by Geography
• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of regional analysis, the Global Green Roof Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Europe holds a powerful position in 2019 and Asia-Pacific is anticipated to grow at the highest rate during the forecast period on the account of the rising number of construction activities in countries. In addition, the regions are witnessing a notable product demand since the government in the country is constantly designing and encouraging living roof policies.

Global Green Roof Market Competitive Landscape
The “Global Green Roof Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Axter Limited, Bauder Ltd, Green Roof Blocks, Optigrun International AG, Sempergreen Group, American Hydrotech Inc, Barrett Company, ArchiGreen Roof Ltd, Onduline Group SAS, and XeroFlor North America.

These Major Players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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