How Crop Insurance Helps to Minimize Risks Facing Farmers?

Crop insurance is the protection against loss of revenue due to decline in prices of agricultural commodities and loss of crops due to natural disasters, such drought, hail, disease & wildlife, floods, fire, and pests. It involves massive participation of a diverse group of insureds such as farmers, ranchers, and other agricultural producers. Moreover, several countries have imposed mandatory norms toward taking crop insurance coverage for farmers availing crop loans in the market.

“Crop Insurance Market size was valued at USD 31.05 Billion in 2019 and is projected to reach USD 50.02 Billion in 2027 with a growing CAGR of 5.1% over the forecast period 2021- 2027. ”

 

The "Global Crop Insurance Market Analysis To 2028" is a specialized and in-depth study of the market industry with a special focus on the global market trend analysis. The report aims to provide an overview Crop Insurance market with detailed market segmentation by type, component, end-users, and geography. The global Crop Insurance market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the Crop Insurance market players and offers key trends and opportunities in the Crop Insurance market.

Segmentation of Crop Insurance Market:

 

In market segmentation by Coverage, Crop Insurance Market report covers:

Multi Peril Crop Insurance (MPCI), Crop-Hail Insurance

In market segmentation by Application,  Crop Insurance Market report covers:

Banks, Brokers / Agents, Insurance Companies, Others

Market Scope and Structure Analysis

Report Metric	Details
Market Size Available for Years	2022–2028
Base Year Considered	2021
Forecast Period	2022–2028
Forecast Unit	Value (USD)
Regions Covered	North America, Europe, Asia-Pacific, and LAMEA
Segments Covered	Coverage, Application, and Region
Companies Covered	PICC,Zurich,Chubb,QBE,China United Property Insurance,American Financial Group,Prudential,XL Catlin,Everest Re Group,Endurance Specialty,CUNA Mutual,Agriculture Insurance Company of India,Tokio Marine,CGB Diversified Services,Farmers Mutual Hail,Archer Daniels Midland,New India Assurance,ICICI Lombard

 

Crop Insurance Market Report contains market data from 2022 to 2028, which provides an overview of the market covering key drivers and risk factors. The report is segmented by top global manufacturers that mention sales, revenue and applicable prices. It also evaluates the competitive scenarios of key players. The report is expanded to include regional market data along with types and applications. This report forecasts sales and revenue from 2022 to 2028. Detailed sales channels are also covered in the study.

Report Highlights:

·         A complete analysis of the market, including the parent industry

·         Important market dynamics and trends

·         Market segmentation

·         Historical, current, and projected size of the market based on value and volume

·         Market shares and strategies of key players

·         Recommendations to companies for strengthening their foothold in the market