- Vertical farming projected to reach more than $25 billion by 2030, with a CAGR of 23.3%
- MRFR report notes that “vertical farming systems and technologies offer a superior approach to farming methods”
- ACTX GrowPods are essentially vertical micro-farms that can be placed anywhere, allow cultivation of a wide variety of crops, 365 days a year
A recent Market Research Future (“MRFR”) report shows that vertical farming is projected to reach more than $25 billion by 2030, with a CAGR of 23.3% (https://ibn.fm/BSsCd). Those numbers bode well for Advanced Container Technologies (OTC: ACTX), a company in the business of selling GrowPods, self-contained, automated, indoor “micro-farms” that are building a reputation in the vertical farming space.
“Vertical farming systems and technologies offer a superior approach to farming methods, allowing for the growing of large amounts of crops inside a confined land area while requiring little financial investment and having no negative impact on the environment,” reported MRFR’s comprehensive research report. “The main reason for this is because perpendicular stack-based farming lowers the need for additional land and allows for full land utilization for farming, with optimal land and energy use yielding significant returns. The vertical farming market has seen diversified growth in all segments and across different regions as a result of rising populations and rising per capita incomes, which has shifted people’s demands toward more organic, health, and environment-friendly foodstuffs, resulting in the development of the vertical farming market.”
The report also noted that consumers are more aware of what they are eating and are prioritizing health. These changes have “fueled the market for organic farming, which produces fruits and vegetables that are free of insecticides and pesticides and high in nutritional content,” the report continued. “The desire for organic and high-quality foods has transformed vertical farming firms’ production capabilities and created a foundation for ensuring high-quality and quantity-approved production to fulfill rising needs. In addition, people have begun to cultivate fruits and vegetables indoors, giving rise to the concept of indoor vertical farming.”
Advanced Container Technologies is keenly aware of the opportunities in vertical farming and appears uniquely suited for growth in the space. The company is the sole distributor of GrowPods, which are advanced, self-contained hydroponic containers manufactured by GP Solutions Inc.
“These innovative automated systems are essentially micro-farms that can be placed virtually anywhere and, with their controlled and specially filtered environment, allow cultivation of a wide variety of crops, 365 days a year,” states the company. “Grow Pods offer constant temperature, humidity and airflow control, as well as automated watering and lighting schedules for optimal growth and minimal labor requirements, regardless of crop.”
In addition to selling and distributing GrowPods, Advanced Container Technologies offers related equipment and supplies. Additionally, the company designs and sells patented, proprietary medical-grade plastic containers, known as the Medtainer(R), that store and grind pharmaceuticals, herbs, teas and other solids or liquids.
For more information, visit the company’s website at www.AdvancedContainerTechnologies.com.
NOTE TO INVESTORS: The latest news and updates relating to ACTX are available in the company’s newsroom at https://ibn.fm/ACTX
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