Green Roof Market Size And Forecast

Green Roof Market size was valued at USD 1.41 Billion in 2021 and is projected to reach USD 5.37 Billion by 2030, growing at a CAGR of 16.20% from 2022 to 2030.

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. The Global Green Roof Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Green Roof Market Definition

Green roofs are sometimes referred to as grass roofs, living roofs, or sedum roofs. It is defined as an extension of the existing roof of a building that is partially or completely covered with vegetation and a growing medium, planted over a waterproofing membrane. It involves minimum, high-quality water-proofing and additional layers such as root repellent system, drainage, and irrigation system, filter cloth, a lightweight growing medium, and plants. Green roof systems may be designed modular, with drainage layers, growing media, filter cloth, and plants already prepared in movable, often interlocking grids or loose-laid or built-up wherein each component of the system may be installed separately. It involves the creation of “contained” green space on top of a human-made structure. Further, this green space may be below, at, or above grade, but in all the above cases, it exists separate from the ground.  It can be installed on a wide range of buildings, from industrial or commercial facilities to private residences.

There are two most important steps before considering the installation of green roofs which must be taken into consideration. This involves taking due diligence of the strength. The common depth for the soil layer of a green roof without involving any special structural design is four to six inches. The next important step is to choose an ideal location for the green roof. Green roofs are considered easier to install and maintain on a flat roof surface. They can be installed on low-sloping roof surfaces without the need for stabilization. On the other hand, surfaces with a steep slope require an additional reinforcing system such as a tray planting or terracing system to hold soil in place.

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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.

Global Green Roof Market Overview

The GRP’s increasing awareness regarding the systems across several application areas, high adoption of green roofing materials especially in residential areas and tax advantage offered to private companies by governments globally are the major factors driving the growth of the green roof market. The rising existing buildings and new buildings in the city undergoing major roof renovations activities, the implementation of regulations on installing solar photovoltaic systems, living roof systems. The green-roofs market is expected to be driven by the decline in global warming due to green roofs. The implementation and popularity of the green-roof concept are acquiring traction around the globe as it helps in lowering the temperature on roofs, thereby decreasing the ambient temperature. This is achieved by increasing plants on rooftops that help absorb the radiation from the sun and reduce the urban heat island effect.

The rise in residential construction and rapid urbanization in developing countries are some of the factors leading to the growth of the market. For instance, urbanization in India grew by 0.98% from 2018-2019. Besides, employment opportunities provided for educated and skilled individuals who can efficiently manufacture green roofs is another factor, which fuels the growth of the market. However, a green roof will be more expensive to install than a traditional flat roof, as the underlying structure may have to be strengthened to cope with the extra load. There is a two to three-fold rise in capital cost when a green roof is adopted over a conventional roof. The high initial cost is certainly a block to the widespread adoption of green roofs.

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 Product, Application, and Geography.

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Green Roof Market by Product

• Extensive
• Intensive

Based on the product, the market is bifurcated into Extensive and Intensive. Extensive accounted for the largest market share in 2019 and is projected to grow at the highest CAGR of 16.46% during the forecast period. Extensive green roofs are covered in a light layer of vegetation and are lighter than an intensive green roof. Generally, they have thin layers of the substrate (the growing medium) to keep depth and weight to a minimum. The planting medium in extensive green roofs ranges from 1.6 to 6 inches deep and can support up to 25 pounds of vegetation per square foot.

Green Roof Market by Application

• Residential
• Commercial
• Industrial

On the basis of Application, the Global Green Roof Market has been segmented into Commercial, Industrial, and Residential. Commercial accounted for the largest market share in 2019 and is projected to grow at a CAGR of 15.99% during the forecast period. The commercial sector, which comprises shopping centres & complexes, colleges, workplaces, and government buildings, is one of the main application categories of green roofs. Intensive green roofing systems are often used in the commercial sector.

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 the Rest of the world. Europe accounted for the largest market share in 2019 and is projected to grow at a CAGR of 15.72% during the forecast period. In recent years, with changing climate and extreme weather phenomena, European policymakers have realized the need for change and a clear plan of action to prevent at least some of the effects of irresponsible human actions of the past. The European Commission has initiated a Green Infrastructure Strategy to aid such problems. This strategy primarily aims to ensure that the protection, restoration, creation, and enhancement of green infrastructure becomes an integral part of spatial planning and territorial development whenever it provides a better substitute or is complementary, to standard norms.

Key Players

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 Bauder Ltd, 9.4 Green Roof Blocks, Optigrun International AG, Sempergreen Group, Onduline Group SAS, and others.

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