GrowPods - Controlled Environment Farms From ACTX - May Have An Important Role In The Future Of Farming

Rhea-AI Summary

Advanced Container Technologies, Inc. (Ticker: ACTX) recently highlighted the potential of its innovative GrowPods in addressing global food demands as the population nears 10 billion by 2050. The company emphasizes that Controlled Environment Agriculture (CEA) can significantly increase food production efficiency, predicting that vertical farming may dominate 50% of the leafy greens market in the U.S. in the next decade. CEA offers the ability to produce high yields in small spaces with reduced resource use. The USDA notes vertical farms can achieve yields 10 to 20 times higher per acre compared to traditional farming.

Positive

• Predicted 50% market share in leafy greens for vertical farming within 10 years.
• GrowPods allow for high yield production in limited space with minimal resource use.
• Emphasis on sustainability and reduced transportation needs aligns with environmental trends.

Negative

• None.

Controlled Environment Farms can improve access to affordable, high-quality and nutritious food

Leading researcher said vertical farming may take over approximately 50% of the leafy green markets in the U.S.

CORONA, Calif., March 27, 2023 /PRNewswire/ -- Advanced Container Technologies, Inc. (Ticker: ACTX), announced that GrowPods – its brand of innovative controlled environment farms – may play an important role in feeding the world, which is predicted to explode to almost 10 billion people in about one generation.

Wilbur-Ellis, a global leader in agriculture technology and products, said that Controlled Environment Agriculture will play an important role in future farming by improving access to affordable, high-quality, and nutritious produce. "Its potential to offer consumers and supply chain stakeholders resilient, sustainable, local produce is becoming increasingly valuable in the face of rising input costs and environmental variability."

What is Controlled Environment Agriculture (CEA)?

CEA includes indoor and vertical farming practices such as hydroponics, aeroponics, and aquaponics that create sustainable, optimized growing conditions while protecting crops from pests and diseases.

CEA encompasses a variety of systems that deliver tangible environmental and production benefits growers can realize quickly after adoption.

Foresight News reports this new breed of modern farming is looking to completely revolutionize the way in which we produce food, moving away from the soil and open spaces of the countryside and into the abandoned buildings and tight spaces of the city.

The Urgent Need for CEA

The United Nations reports that global population is expected to reach nearly 10 billion by 2050, which will require a 70% increase from current levels of global food production.

In this context, Controlled Environment Agriculture has emerged as a potential solution due to its ability to produce high yields in small spaces using little water and no soil.

For certain crops vertical farms can provide from 10 to 20 times the yield per acre compared to open-field crops, according to the US Department of Agriculture. Furthermore, in places such as deserts or high-population urban areas where traditional open-field farming is not practical, vertical farms can provide crop production year round, which multiplies the productivity of the farmed surface by a factor of between four and six, depending on the crop.

Furthermore, there are CO2 reduction benefits tied to the fact that with localized production there is no need for long distance transportation or certain kinds of farm machinery. 

Another major advantage of vertical farming is the efficiency that can be gained from automation. Software, robotics and data science allows for unprecedented accuracy in controlling water use, temperature, lighting, and humidity.

The Future

Dr. Kai-Shu Ling, a research plant pathologist, said in an interview with the US Department of Agriculture that although vertical farming is an emerging technology it has huge potential for growth.

"I believe that it's possible that vertical farming can take over approximately 50% of leafy green markets in the U.S. and portions of small fruit and tomato markets in 10 years," he said.

GrowPods are designed and manufactured in America, and can be used by individuals and businesses looking to grow the finest quality hemp, vegetables, and leafy greens.

For information on GrowPods, call ACTX at: (951) 381-2555 or visit: www.AdvancedContainerTechnologies.com

Forward-Looking Statements

This release contains forward-looking statements made under the "safe harbor" provisions of U.S. Securities Acts. Forward-Looking Statements involve risks and uncertainties, and actual results can differ. Readers are cautioned not to place undue reliance on forward-looking statements. ACTX undertakes no duty to update information in this release except as required.

View original content:https://www.prnewswire.com/news-releases/growpods---controlled-environment-farms-from-actx--may-have-an-important-role-in-the-future-of-farming-301782035.html

SOURCE Advanced Container Technologies, Inc.

FAQ

What is the significance of GrowPods by ACTX?

GrowPods are designed for high-yield production of hemp, vegetables, and leafy greens using Controlled Environment Agriculture, addressing future food demands.

What market share does ACTX expect for vertical farming in the U.S.?

ACTX anticipates that vertical farming could capture approximately 50% of the leafy green market in the U.S. within the next decade.

How does Controlled Environment Agriculture benefit food production?

Controlled Environment Agriculture allows for increased yields using less water and without soil, making it ideal for urban and limited-space settings.

What are the expected growth prospects for ACTX's farming technology?

Experts suggest significant growth potential for vertical farming technology, with ACTX's GrowPods positioned to play a key role.