2018-2023 Global Agricultural Crop Insurance Consumption Market Report
In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Agricultural Crop Insurance market for 2018-2023.
Agricultural Crop insurance is purchased by agricultural producers, including farmers, ranchers, and others to protect themselves against either the loss of their crops due to natural disasters, such as hail, drought, and floods, or the loss of Premiums due to declines in the prices of agricultural commodities.
The main types of Agricultural Crop Insurance are: MPCI and Hail. MPCI enjoyed the largest proportion in global market, accounting for over 87%.
Geographically, the global Agricultural Crop Insurance has been segmented into North America, Europe, Asia-Pacific, Latin America, Africa and RoW. The North America held the largest share in the global Agricultural Crop Insurance market, its premiums of global market exceeds 51% in 2017.
Along with the Asia-Pacific region; European countries have had some form of crop insurance for more than a century. They are now mature markets with high penetration rates and offer comprehensive risk coverage for farmers. The developing countries that have succeeded in setting up a strong Agricultural Crop Insurance system (India, China), show that this success has been due, in large part, to public support granted through premium subsidies or reinsurance. Growth of the Agricultural Crop Insurance industry could also be attributed to North America which introduced the revenue-based Agricultural Corp Insurance and, more recently, from emerging markets such as China, India and Brazil, driven by rapidly increasing insurance penetration.
Over the next five years, LPI(LP Information) projects that Agricultural Crop Insurance will register a 4.4% CAGR in terms of revenue, reach US$ 34000 million by 2023, from US$ 26300 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Agricultural Crop Insurance market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Segmentation by application:
Digital & Direct Channel
This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
China United Property Insurance
American Financial Group
Everest Re Group
Agriculture Insurance Company of India
CGB Diversified Services
Farmers Mutual Hail
Archer Daniels Midland
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Agricultural Crop Insurance consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Agricultural Crop Insurance market by identifying its various subsegments.
Focuses on the key global Agricultural Crop Insurance manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Agricultural Crop Insurance with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Agricultural Crop Insurance submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.