Advanced Container Technologies (OTC: ACTX) offers unique controlled environment farms called GrowPods. The company today announced a new report from KD Market Insights indicating that the market for controlled environment agriculture (“CEA”) is estimated to increase at a compound annual growth rate (“CAGR”) of 18.7% to reach $172 billion in 2027. The growth was attributed, in part, to an increase in world population, loss of agricultural land, as well as a strong demand for local foods. The report notes “remarkable advantages of CEA,” that include faster plant growth throughout the year, which allows for larger yields. “In a controlled environment, the plants have better health, which reduces the need for pesticides and other supplements. Owing to their good health, CEA grown produces are noticeably better in both size and quality then soil-grown crops,” the piece reads, further noting increased investment in CEA. “Major investments are being made by start-ups and established corporations in hydroponics, vertical farming, urban agriculture, and technology to optimize plant yield in controlled environments.”
To view the full press release, visit https://ibn.fm/n0kxh
About Advanced Container Technologies Inc.
Advanced Container Technologies is in the business of selling and distributing self-contained, automated, indoor “micro-farms” called Grow Pods, along with 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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