GroGenesis Inc (OTCMKTS:GROG) rights holders, developers and producers of innovative agricultural enhancement items announced that as part of its underway business development plans it has decided to refine the commercial roll out and market segmentation potential for its first two products, known as AgraBlast and AgraBurst.
As per the studies conducted, GroGenesis management has resolved to generate increased market knowledge in the growing biostimulant sector. It is one of the growing and recent industry classifications that offer great potential as an agricultural nexus of latest technological developments and commercial adoption. As per the report, within few years since inception, the EBIC highlights that over three million hectares are treated with frequent biostimulant solutions in Europe every year.
MarketsandMarkets of Texas stated that the total value of the worldwide biostimulants industry is expected to increase to $2.5 billion by 2019. Market Publishers of Birmingham states the biostimulants market in North America is projected to grow at a CAGR of 14.1% by 2019. As a result, GroGenesis plans to focus on commencing deals with promising biostimulant distributors that are well-positioned to straight away target North American and European partners seeking to increase crop yields via the development of regional treatment plans featuring AgraBurst.
The expert view
Joe fewer, the CEO and President of GroGenesis Inc (OTCMKTS:GROG) said that they feel the biostimulant segment has come a long way in short period, and they intends to work closely with some of the innovative and new technologies just introduced in the agricultural industry. Remediation and crop protection products combined with unique health enhancement plans seems to be the future of agriculture industry in an increasingly tough global environment. The efforts are expected to have an immense impact on coming future generations. It highlights a shifting societal and economic reality that GroGenesis management believes could result in great future benefits.