By Ian Gilson, PhD,
CFA
READ THE FULL MBII RESEARCH
REPORT
NASDAQ:MBII
Crop protection data for 2018 are now available. The overall market
increased from $54.3 billion in 2017 to $57.6, fungicides and
insecticides comprised a $ billion in 2018. This is an increase of
6.0%, well above the long term forecast of 3% a year for 2018 to
2023.
The best performing geographical area was Latin America which
increased by 11.1% to $14.18 billion; USA/Canada/Mexico grew to
$11.62 billion, up 8%; Africa/Middle East gained 7.4% to $2.27
billion and Asia/Pacific was up 7.2% to $17.49 billion. The lone
decliner was Europe which dropped by 3% to $12.00 billion.
Marrone (MBII) has interests in Mexico and
is working to further relationships in Latin America.
Within the overall markets herbicides accounted for 42.7% of the
overall market, fungicides were 28.4% and insecticides 23.3%.
Together fungicides and insecticides, the major markets for
Marrone's current products, were a $30 billion market.
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