Comparing the current results to its competitors, Marrone Bio Innovations Inc reported Revenue increase in the 1 quarter 2022 by 0.53 % year on year. The revenue growth was below Marrone Bio Innovations Inc 's competitors' average revenue growth of 22.98 %, achieved in the same quarter.
Marrone Bio Innovations Inc , slower than the average decrease reported by the company's competitors of -57.31 %. recorded a net loss and most of the company's competitors saw a decline in earnings by -57.31 %
Marrone Bio Innovations Inc 's Comment on Competition and Industry Peers
For pest management products, performance and value are critical competitive
factors. To compete against manufacturers of conventional chemical pesticides
and genetically modified crops, we need to demonstrate the advantages of our
products over these more established pest management products. Many large agrichemical
companies are developing, and have introduced, new conventional chemical pesticides
and genetically modified products that they believe are safer and more environmentally
friendly than older conventional chemical products.
The pest management market is very competitive and is dominated by multinational
chemical and life sciences companies such as Arysta, BASF, Bayer, Dow Agrosciences
and DuPont (potentially merging to become DowDuPont), FMC, Monsanto (being acquired
by Bayer), Sumitomo Chemical and Syngenta (being acquired by ChemChina). Universities,
research institutes and government agencies may also conduct research, seek
patent protection and, through collaborations, develop competitive pest management
products. Other companies, including bio-specialized biopesticide businesses
such as AgraQuest (now a part of Bayer), Certis USA (now a part of Mitsui),
Novozymes (in a joint venture with Monsanto) and Valent Biosciences (now a part
of Sumitomo) may prove to be significant competitors in the bio-based pest management
and plant health market. In addition, we could face competition in the future
from new, well-financed start-up companies such as AgBiome and Indigo.
In many instances, agrichemical companies have substantially greater financial,
technical, development, distribution and sales and marketing resources than
we do. Moreover, these companies may have greater name recognition than we do
and may offer discounts as a competitive tactic. There can be no assurance that
our competitors will not succeed in developing pest management products that
are more effective or less expensive than ours or that would render our products
obsolete or less competitive. Our success will depend in large part on our ability
to maintain a competitive position with our technologies and products.
With modest revenue growth of 0.53 % within Overall company, Marrone Bio Innovations Inc failed to increase sales with the same pace, like most of company's peers within this division. << More on MBII Market Share.
*Market share is calculated based on total revenue.
Publicly Traded Peers of Marrone Bio Innovations Inc
American Vanguard Corporation Share Performance
-65.66%
One Year
American Vanguard Corporation
Profile
American Vanguard Corporation is a specialty chemical manufacturer that operates through two segments - the Crop Protection segment, which develops and sells chemicals for crop protection, and the Other segment, which includes the marketing and distribution of agricultural, animal health, and consumer products. They focus on providing solutions to enhance agricultural productivity and sustainability while meeting the needs of their customers in various industries.
Arcadia Biosciences Inc is a biotechnology company that utilizes advanced breeding techniques to improve crops, enhance their nutritional value, and make them more resistant to diseases and environmental stressors. They collaborate with agricultural partners and seed companies to bring these cost-effective and sustainable solutions to the market.
Mosaic Cos business model focuses on the production and distribution of fertilizers and crop nutrition solutions, primarily through the mining and manufacturing of phosphate and potash. The company operates globally, leveraging its expertise in fertilizer technology to meet the needs of agricultural customers while promoting sustainable farming practices.
Muliang Viagoo Technology Inc's business model involves utilizing advanced technology to provide innovative solutions and products for various industries.
Sources:
Marrone Bio Innovations Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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