Advanced Container Technologies Emerges from Pandemic Stronger than Ever

Rhea-AI Summary

Advanced Container Technologies, Inc. (ACTX) announced significant growth post-pandemic, highlighting a 209% increase in year-over-year revenues. The company operates in flourishing sectors such as packaging, clean food, and vertical farming, projected to reach $1.6 trillion and $24.11 billion respectively by 2027 and 2030. U.S. organic product sales surpassed $60 billion in 2020. ACTX CEO Douglas Heldoorn expressed optimism about the company’s future, emphasizing innovation and market positioning as key drivers for success.

Positive

• 209% year-over-year revenue increase.
• Strong demand in multiple growing verticals.
• Packaging market projected to reach $1.6 trillion by 2027.
• Vertical farming market expected to reach $24.11 billion by 2030.
• U.S. organic product sales exceeded $60 billion in 2020.

Negative

• None.

CORONA, Calif., Nov. 4, 2021 /PRNewswire/ -- A, November 4, 2021. Advanced Container Technologies, Inc (Ticker: ACTX), announced it will emerge from the pandemic stronger than ever. Revenues are up and demand for products is strong among all verticals, including: packaging, clean food and cash crop cultivation, and distribution.

The company operates in several verticals, all of which are growing significantly:

The packaging industry accounted for $926.43 billion in 2019 and is expected to reach an eye-popping $1.6 trillion by 2027, growing at a CAGR of 7.5%.

U.S. organic product sales climbed 12.4% in 2020, breaking the $60 billion mark for the first time, more than doubling the previous year's growth.

The vertical farming market size was valued at $3.24 billion in 2020, and is projected to reach $24.11 billion by 2030, registering an astonishing CAGR of 22.9%. 

And, according to CNN, despite the global pandemic, "the cannabis industry is flourishing." Sales are on pace to top $26 billion this year, and projected to leapfrog to $45.9 billion in 2025, which would make the cannabis industry larger than the craft beer industry.

"We are in the right markets, with the right products, at the right time," says Douglas Heldoorn, CEO of Advanced Container Technologies. "We our continued focus on bringing innovation and flawless execution to these markets, we are optimistic about the future."

ABOUT ACTX

ACTX provides a single-point solution by offering a wide range of products and services, including packaging, lighting, controlled-environment cultivation systems, nutrients, and distribution networks to get products into stores.

The company's 3-part mission is to revolutionize the agriculture industry by producing and enabling clean crops where needed most; eliminating lengthy, unreliable and environmentally damaging supply chains; and reducing food contamination caused by runoffs and chemicals.

ACTX recently announced its year-over-year revenues, which showed an increase of 209% increase over the prior period.

For information, contact:
Advanced Container Technologies
(951) 381-2555
www.advancedcontainertechnologies.com.

Forward-Looking Statements

This release includes predictions or information considered "forward-looking" within securities laws. These statements represent Company's current judgments but are subject to uncertainties that could cause results to differ. Readers are cautioned to not place undue reliance on these statements, which reflect management's opinions only as of the date of this release. The Company is not obligated to revise any statements in light of new information or events.

View original content:https://www.prnewswire.com/news-releases/advanced-container-technologies-emerges-from-pandemic-stronger-than-ever-301416618.html

SOURCE Advanced Container Technologies, Inc.

FAQ

What was Advanced Container Technologies' year-over-year revenue increase?

ACTX reported a 209% increase in year-over-year revenues.

Which markets is ACTX focusing on for growth?

ACTX operates in the packaging, clean food, and vertical farming sectors.

What is the projected value of the packaging market by 2027?

The packaging market is projected to reach $1.6 trillion by 2027.

What is the expected size of the vertical farming market by 2030?

The vertical farming market is expected to reach $24.11 billion by 2030.

How much did U.S. organic product sales reach in 2020?

U.S. organic product sales surpassed $60 billion in 2020.