QYR Market Research Global Vertical Farming and Plant Factory Market | Page 3

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• Increasing inclination towards healthy food without pesticides, rising urban
population and no weather-related crop failures are the factors favoring the
market growth. However, limited variety of crops, high initial investment and
lack of technical insights are the restraining factors for vertical farming
market. Rapidly increasing city population has made farm land inadequate for
cultivation, so there is need for alternative farming techniques which acts as
opportunity for vertical farming.
• Vertical farms in urban areas are a relatively new phenomenon, but interest in
this approach is growing, and the number of vertical farms is expanding every
year. There are several variations of vertical farms being tested throughout
the world, and new innovations and technology will likely increase the energy
efficiency and profit margins of these farms in the future.
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