The Green Roof Market size was valued at USD 1.41 Billion in 2022 and is projected to reach USD 5.37 Billion by 2030, growing at a CAGR of 16.20% from 2023 to 2030.

Green Roof Market Overview:

Sometimes green roofs are called grass roofs, living roofs, or sedum roofs. It is an extension of a building's existing roof that is partly or completely covered with plants and a growing medium that are grown on top of a waterproofing membrane. It requires a minimum of high-quality waterproofing and extra layers like a root-repellent system, a drainage and irrigation system, filter cloth, a lightweight growing medium, and plants. Green roof systems can be built in a modular way, with drainage layers, growing media, filter cloth, and plants already set up in moveable, often interlocking grids. They can also be built in a loose-laid or built-up way, where each part can be installed separately. It involves putting a "contained" green space on top of something that was made by people. Also, this green space could be below, at, or above grade, but it would still be separate from the ground in all of those cases. It can be put up on a wide range of buildings, from businesses and factories to private homes.

Before thinking about putting in green roofs, there are two most important steps that must be taken into account. This means giving the strength the attention it deserves. The soil layer on a green roof is usually between 4 and 6 inches deep if it doesn't have any special building features. The next important step is to decide where the green roof should go. People think that green roofs are easier to install and keep up on flat roofs. They can be put up on roofs with low slopes without the need for extra support. On the other hand, surfaces with a steep slope need an extra way to hold the soil in place, like a tray planting or terracing system.

A green roof can reduce the weight of a building by 50–90%, especially if it is glassed in to act as a terrarium and store passive solar heat. Green roofs can help both the public and the private sectors in many ways, and they are being put in all over the world. In North America, the benefits of green roof technologies aren't well known, and despite the efforts of industry leaders, the market is still young. Still, these technologies are now very well organized in Europe. Green roof technologies not only have a proven return on investment for building owners, but they also describe opportunities for big social, economic, and environmental benefits, especially in cities.

Market Dynamics

The green roof market is growing because more people are learning about the systems and how they can be used in different areas. Green roofing materials are especially popular in residential areas, and governments around the world offer tax breaks to private companies. Existing and new buildings in the city are going through major roof renovations, and new rules about installing solar photovoltaic systems and living roof systems are being put into place. The market for green roofs is likely to be driven by the fact that global warming will slow down because of green roofs. The green-roof idea is becoming more popular and more widely used around the world because it helps lower the temperature on roofs, which lowers the temperature of the surrounding area. This is done by putting more plants on rooftops, which help soak up the sun's rays and reduce the effect of the urban heat island.

The market is growing because of things like more people building homes and more people moving to cities in developing countries. For example, India's population grew by 0.98 percent from 2018 to 2019. The growth of the market is also helped by the fact that educated and skilled people who can make green roofs well can get jobs in the industry. But a green roof will cost more to put on than a traditional flat roof because the structure below it may need to be strengthened to handle the extra weight. When a green roof is used instead of a regular roof, the capital cost goes up by two to three times. Green roofs aren't used as often as they could be because of how much they cost at first.

The main thing driving the global green roof market is that more and more people are learning about these systems and how they can be used. Also, as the residential construction industry grows, more people will learn about the products because of rapid urbanization and better living conditions. This will drive demand over the forecast period. Also, tax breaks that governments around the world give to private companies that use green roofing materials are expected to help the market grow over the next few years. In November 2019, the New York Department of Buildings said that all new buildings and existing buildings with major roof renovations in the city will have solar photovoltaic systems, living roof systems, or a combination of both. It is expected that the market will grow over the next few years after the latest regulation is put into place.

Also, the building of green roofs allowed for modern social development and sustainable development, unlike the traditional gravel-ballasted roof, which adds to the problems of urban heat islands and water shortages and helps the market grow. But the market for green roofing isn't expected to grow because there aren't any standard plans or instructions for how to instal it. Still, the tax breaks that governments give to private companies are expected to help the green roof market grow in ways that are good for business. During the forecast period, the market is also likely to benefit from government support to reduce harmful greenhouse gases and slow down global warming.

Type Insights

By 2027, extensive type is expected to make up more than half of the market. This segment is likely to grow because it is easy to install large green roof systems and more people are concerned about the environment. The soil in these systems is between 1.6 and 6 inches deep. Most of the time, a large green roof is used on homes, sheds, and garages. The product is easy to put up and is often added to roofs that are already there. Sedums and grasses that don't need much water and have shallow roots are the most common plants used.

One of the most popular types is the intensive type, which had a demand of USD 178.9 million in 2019 and is expected to grow at the fastest CAGR of 17.5% from 2020 to 2027. Urban rooftop farms, vegetable farms, and rooftop farms are becoming more popular around the world, which is expected to increase the demand for intensive living roofs. A green roof system with a lot of plants, from herbs to small trees, is called an intensive green roof system. This plant life needs professional care and an advanced irrigation system for a living roof. These systems are used in everything from small backyard gardens to large public parks.

Application Insights

In 2019, commercial applications made up the biggest part of the green roofs market, and they are expected to grow at the fastest CAGR of 17.6% over the next five years. Living roofs help to lessen the bad effects of urban hardscape by bringing back a natural landscape without making big changes to the city's infrastructure.
One of the most common places where living roofs are used is in the commercial sector. This includes shopping malls and complexes, schools, offices, and government buildings. Most intensive green roof systems are used in businesses.

From 2020 to 2027, the residential application segment is expected to have a high CAGR. This is because the world's population is growing and more people need homes. Green roofing is good for homeowners because it makes their homes look better and makes the air better. Also, these systems encourage using recycled materials as the medium for growing plants.
Putting a living roof on a house keeps rainwater from running off and changes its temperature. It also acts as a natural filter. People are becoming more aware of the need to protect the environment, which is expected to lead to significant growth in the residential application segment.

Regional Insights

During the Forecast Period, Europe is anticipated to be the largest market by region.

The Global Green Roof Market is divided into North America, Europe, Asia-Pacific, and the rest of the world based on an analysis of regional trends. Europe had the biggest share of the market in 2019 and is expected to grow at a CAGR of 15.72% over the next five years. In recent years, climate change and extreme weather have made it clear to European policymakers that they need to make changes and come up with a clear plan of action to stop at least some of the effects of irresponsible human actions from happening. To help with these kinds of problems, the European Commission has started a plan called the Green Infrastructure Strategy. The main goal of this strategy is to make sure that the protection, restoration, creation, and improvement of green infrastructure become a part of spatial planning and territorial development whenever green infrastructure is a better alternative to standard norms or works well with them.

Scope Analysis

Competitive Analysis

The key players profiled in the global green roof industry report include 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.

Most of the big players in the green roof market grew by putting out new products, forming partnerships, and buying other companies. For example, in August 2019, the U.S.-based Keen Family of Companies bought Barrett Company. The goal of the purchase was to improve the U.S. roofing and green roof market.

Recent Development

• In March 2020, Green Roof Blocks manufactures roof garden modules and paks providing simple solutions for green roof systems. The Green Paks green roof system brings simplicity to green building for less money than other gardens capes products. Each Green Pak is a completely self-contained module made of a long-lasting, unique knitted high density polyethylene.
• In August 2019, Keene Family of Companies announces an addition to its portfolio. Barrett Company has been acquired and will join Keene Family of Companies: Keene Building Products, Dependable, LLC, Continental Products, Ltd and Keene Village Plastics. Barrett was founded in 1928 by Emmett R. Barrett, Sr. and his father Noah Barrett.

Market Segmentation

By Product Type

• Extensive
• Intensive

By Application

• Residential
• Commercial
• Industria

By Companies

• Axter Limited
• Bauder Ltd
• Green Roof Blocks
• Optigrun International AG
• Sempergreen Group
• American Hydrotech Inc
• Barrett Company
• ArchiGreen Roof Ltd
• Onduline Group SASand
• XeroFlor North America.