Dublin, Sept. 11, 2024 (GLOBE NEWSWIRE) -- The "RNAi Pesticides Market - A Global and Regional Analysis: Focus on Application, Product, and Competitive Landscape - Analysis and Forecast, 2024-2034" report has been added to ResearchAndMarkets.com's offering.
The RNAi Pesticides Market is a rapidly evolving segment within the broader agricultural industry, focusing on innovative pest control solutions that utilize RNA interference technology.
In a favorable scenario, the market is valued at $1.2 billion in 2024 and is projected to expand at a robust CAGR of 15.7% to reach approximately $5.16 billion by 2034.
RNAi pesticides offer a targeted approach to pest control by specifically interfering with the genetic processes of pests, thereby reducing the need for broad-spectrum chemical pesticides. This technology is increasingly important as the agricultural sector moves towards more sustainable and environmentally friendly practices. The adoption of RNAi pesticides is driven by their ability to address the growing issue of pesticide resistance and their potential to minimize harm to non-target organisms.
As agriculture becomes more sophisticated, the demand for RNAi pesticides is growing. Modern farming practices increasingly require advanced solutions to manage pest populations while meeting regulatory standards and consumer expectations for sustainable food production. RNAi pesticides are poised to meet these needs by providing effective control methods that align with global sustainability goals.
The RNAi pesticides market is segmented based on crop types, pest targets, application methods, and regions. Key crop segments include cereals and grains, fruits and vegetables, and specialty crops. The technology's versatility allows for precise targeting of various pests, including insects and nematodes, enhancing its appeal to a broad range of agricultural applications.
Regional dynamics shape the RNAi pesticides market significantly. North America leads due to its advanced agricultural technology and supportive regulations. The United States and Canada are pivotal in North America's RNAi pesticides market. The U.S. leads with its advanced agricultural technology and strong research initiatives.
Canada recently made headlines on June 14, 2023, when its Pest Management Research Agency (PMRA) approved an RNAi biopesticide by Renaissance Bioscience Corp. This development signifies a move towards more targeted and eco-friendly pest control solutions, further boosting market growth in the region. Europe and Asia-Pacific also play important roles. Europe has a strong agricultural sector and is focusing more on sustainable solutions. Asia-Pacific is growing its interest in advanced pest control technologies. Both regions are adopting RNAi pesticides to manage pests effectively while meeting environmental standards.
Key players such as GreenLight Biosciences, Syngenta, Bayer, and Corteva are leading the expansion of the RNAi pesticides market by leveraging their advanced technology and strategic collaborations. These companies are focusing on innovation and scaling up their production capabilities to meet the increasing demand for sustainable pest management solutions.
A notable development occurred in January 2024 when GreenLight Biosciences received U.S. EPA registration for its RNAi-based bioinsecticide, Calantha, which targets the Colorado potato beetle. This advancement highlights a significant leap in sustainable agriculture, providing farmers with an effective alternative to conventional pesticides and tackling the issue of chemical resistance.
The RNAi pesticides market is set for substantial growth as the agricultural industry continues to embrace innovative technologies for more sustainable and effective pest control. The ongoing advancements in RNAi technology and its integration into modern farming practices underscore the market's potential to transform pest management strategies globally.
Report Scope:
Product/Innovation Strategy: The global RNAi pesticides market has been extensively segmented based on various categories, such as application, crop type, product, and formulation. This can help readers get a clear overview of which segments account for the largest share and which ones are well-positioned to grow in the coming years.
Competitive Strategy: A detailed competitive benchmarking of the players operating in the global RNAi pesticides market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Some of the prominent companies in this market are:
- Syngenta
- GreenLight Biosciences
- Trillium
- Pebble Labs
- AgroSpheres
- Vestaron
- Elemental Enzymes, Inc
Key Questions Answered in this Report:
- What are the main factors driving the demand for RNAi pesticides in the market?
- What are the major patents filed by companies active in the RNAi pesticides market?
- Who are the key players in the RNAi pesticides market, and what are their respective market shares?
- What partnerships or collaborations are prominent among stakeholders in the RNAi pesticides market?
- What strategies are adopted by key companies to gain a competitive edge in the RNAi pesticides market?
- What is the futuristic outlook for the RNAi pesticides market in terms of growth potential?
- What is the current estimation of the RNAi pesticides market, and what growth trajectory is projected from 2024 to 2034?
- Which application and product segments are expected to lead the RNAi pesticides market over the forecast period (2024-2034)?
- Which regions demonstrate the highest adoption rates for RNAi pesticides, and what factors contribute to their leadership?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 105 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value (USD) in 2024 | $1.2 Billion |
| Forecasted Market Value (USD) by 2034 | $5.16 Billion |
| Compound Annual Growth Rate | 15.7% |
| Regions Covered | Global |
Key Topics Covered:
1. Markets: Industry Outlook
1.1 Trends: Current and Future Impact Assessment
1.1.1 Increased Adoption of Integrated Pest Management
1.1.2 Rising Investment in Research and Development
1.2 Supply Chain Overview
1.3 R&D Review
1.4 Regulatory Landscape
1.5 Stakeholder Analysis
1.6 Market Dynamics Overview
1.7 Startup Funding Summary
2. RNAi Pesticides Market by Application
2.1 Application Summary
2.2 RNAi Pesticides Market, by Application, Value and Volume, 2023-2034
2.2.1 Insect Pest Control
2.2.2 Weed Management
2.2.3 Disease Management
2.2.4 Resistance Management
2.3 RNAi Pesticides Market, by Crop Type, Value and Volume, 2023-2034
2.3.1 Agricultural Application
2.3.1.1 Fruits and Vegetables
2.3.1.2 Cereals and Grains
2.3.1.3 Oilseed and Pulses
2.3.2 Non-Agricultural Application
2.3.2.1 Turf and Ornamentals
2.3.2.2 Forestry
2.3.2.3 Residential Pest Control
3. RNAi Pesticides Market by Products
3.1 Product Summary
3.2 RNAi Pesticides Market, by Product, Value and Volume, 2023-2034
3.2.1 Topical RNAi Pesticides
3.2.2 Seed-Embedded RNAi
3.2.3 Transgenic RNAi
3.3 RNAi Pesticides Market, by Formulation, Value and Volume, 2023-2034
3.3.1 Liquid Formulation
3.3.2 Granular Formulation
3.3.3 Powder Formulation
4. RNAi Pesticides Market by Region
5. Markets- Competitive Benchmarking and Companies Profiled
- Syngenta
- GreenLight Biosciences, Inc
- Trillium
- Innatrix
- RNAiSSANE
- Pebble Labs
- AgroSpheres
- Vestaron
- Elemental Enzymes
- SOLASTA Bio
- MICROPEP
- Invaio Sciences
- Genvor
- Corteva
- Bayer
For more information about this report visit https://www.researchandmarkets.com/r/wczzrl
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