By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Econo Asia™
  • English
    • العربية (Arabic)
    • বাংলাদেশ (Bengali)
    • 简体中文 (Chinese (Simplified))
    • हिन्दी (Hindi)
    • Indonesia (Indonesian)
    • 日本語 (Japanese)
    • Tiếng Việt (Vietnamese)
Submit News
  • Home
  • Economy
  • FinTech
  • Markets
    • Bombay Stock Exchange (BSE)
    • Hong Kong Stock Exchange (SEHK)
    • Korea Exchange (KRX)
    • National Stock Exchange (NSE)
    • Shanghai Stock Exchange (SSE)
    • Shenzhen Stock Exchange (SZSE)
    • Singapore Exchange (SGX)
    • Taiwan Stock Exchange (TWSE)
    • Tehran Stock Exchange (TSE)
    • Tokyo Stock Exchange (TSE)
  • Asia
    AsiaShow More
    JETOUR تكشف عن هندسة GAIA الذكية للطرق الوعرة، وتعرض G700 و G900 في معرض شنغهاي للسيارات
    April 27, 2025
    “JETOUR “تكشف عن منصة هجينة ثورية للطرق الوعرة في معرض شنغهاي الدولي للسيارات
    April 17, 2025
    Arab Newswire on Skills Essential for Media and Communications Professionals in the Middle East and North Africa (MENA) Today
    March 19, 2025
    Study shows walnut-rich breakfast may help to boost your brain power
    March 12, 2025
    تُظهر الدراسة أن وجبة الإفطار الغنية بالجوز من الممكن أن تساعد في تعزيز قوة دماغك
    March 12, 2025
  • Middle East
    Middle EastShow More
    How Health Insurance Promotes Work-Life Balance
    May 13, 2025
    Arab Newswire on The Role of Press Release Distribution in AI Search Engines
    May 5, 2025
    Arab-Sino Leader Mr. Yao Lei Receives the World’s Most Expensive Mocktail at Jimmydixs – Dubai’s Latest Luxury Milestone
    April 16, 2025
    Arab Newswire on Understanding Press Releases in the Life Sciences Industry
    April 14, 2025
    Arab Newswire on Skills Essential for Media and Communications Professionals in the Middle East and North Africa (MENA) Today
    March 19, 2025
  • Press Releases
    Press ReleasesShow More
    Wine Market Poised for Steady Growth with Dominance of Still Wines and Supermarket Channels as per Maximize Research
    May 11, 2025
    Market for Call Center Outsourcing Advances with Inbound Services and Voice Support Leading the Segment Growth as per Maximize Research.
    May 11, 2025
    WealthTech Solutions Market Poised for Significant Growth, Driven by Changing Consumer Preferences and Digital Advancements as per Maximize Research.
    May 11, 2025
    Portable Navigation Device Market to See Steady Growth with Advances in GPS Technology and Dynamic Mapping Solutions as per Maximize Research.
    May 10, 2025
    Saffron Market Fueled by Growing Demand for Natural Ingredients and Expanding Applications Across Industries Maximize Research.
    May 10, 2025
Reading: Global Agricultural Insurance Market is projected to witness lucrative growth by reaching up to USD 5,482.2 million by 2030
Share
  • About Us
  • Contact Us
Aa
Econo Asia™Econo Asia™
Search
  • English
    • العربية (Arabic)
    • বাংলাদেশ (Bengali)
    • 简体中文 (Chinese (Simplified))
    • हिन्दी (Hindi)
    • Indonesia (Indonesian)
    • 日本語 (Japanese)
    • Tiếng Việt (Vietnamese)
  • Home
  • News
  • Economy
  • FinTech
  • Markets
    • Bombay Stock Exchange (BSE)
    • Hong Kong Stock Exchange (SEHK)
    • Korea Exchange (KRX)
    • National Stock Exchange (NSE)
    • Shanghai Stock Exchange (SSE)
    • Shenzhen Stock Exchange (SZSE)
    • Singapore Exchange (SGX)
    • Taiwan Stock Exchange (TWSE)
    • Tehran Stock Exchange (TSE)
    • Tokyo Stock Exchange (TSE)
  • Asia
  • Middle East
  • Press Releases
  • About Us
  • Contact Us
  • Submit News
Econo Asia™ is part of GroupWeb Media Network. © GroupWeb Media LLC
Econo Asia™ > Blog > News > Press Releases > Global Agricultural Insurance Market is projected to witness lucrative growth by reaching up to USD 5,482.2 million by 2030
Press Releases

Global Agricultural Insurance Market is projected to witness lucrative growth by reaching up to USD 5,482.2 million by 2030

NEWSROOM
Last updated: 2025/03/27 at 7:00 AM
By NEWSROOM 4 Min Read
Share
SHARE


 


DataM Intelligence

(EMAILWIRE.COM, March 27, 2025 ) Global Agricultural Insurance Market size reached USD 3214.7 million in 2022 and is projected to witness lucrative growth by reaching up to USD 5,482.2 million by 2030. The market is growing at a CAGR of 6.9% during the forecast period 2024-2031.

Download Free Sample: https://www.datamintelligence.com/download-sample/agricultural-insurance-market

Market Dynamics

Rising Demand for Sustainable Agriculture Practices Fuels Market Growth
As the agriculture industry shifts toward sustainability, the demand for insurance products and services that support eco-friendly farming practices is driving rapid growth in the agriculture insurance market.

For example, on May 17, 2022, Zurich North America’s RCIS, a leading crop insurance provider, expanded its portfolio of precision agriculture services by integrating Climate FieldView. This advanced tool streamlines the collection, storage, and analysis of planting and harvest data through a user-friendly platform. Supported by expert customer service and data-driven insights, FieldView enhances decision-making for farmers while leveraging cutting-edge scientific technology.

By allowing farmers to electronically connect their field data to RCIS systems, FieldView ensures a more seamless, secure, and accurate crop insurance reporting experience. Such innovations highlight the increasing role of precision agriculture in supporting sustainable farming and accelerating market expansion.

Market Segments
• By Product (Managed Crop Hail Insurance, Multi-Peril Crop Insurance, Greenhouse Insurance, Aquaculture Insurance, Others)
• By Organization (Government, Private)
• By Distribution Channel (Digital & Direct Channel, Broker, Agency, Others)
• By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Read Our Report: https://www.datamintelligence.com/research-report/agricultural-insurance-market

Market Regional Share
Rising Consumer Awareness and Adoption of Agriculture Insurance in North America

North America dominated the agriculture insurance market in 2022, holding over 40% of the market share. This growth is largely driven by the widespread adoption of multi-peril crop insurance, which provides coverage against various risks, including adverse weather conditions, pests, and diseases.

According to the Minister of Agriculture for Saskatchewan, average crop coverage in 2023 reached a record-high level of $446 per acre. Additionally, the total crop insurance premium increased by nearly $2.75 per acre, rising from $12.05 in 2022 to $14.79 in 2023. A key development in 2023 was the transition to individual premiums tailored to each insured crop, enhancing the program’s efficiency and adaptability.

With growing awareness and the adoption of advanced insurance models, North America’s agriculture insurance market is expected to continue its strong growth trajectory.

Key Market Players
Key players are Insurance Company of India, Prudentisl and XL Callin, China United Property Insurance, American Insurance Group, Tokio Mariane, New India Assurance, Farmers Mutual Hail, Everest Re Group, ICICI Lombard and Chubb.

Recent Developments

• On March 23, 2023, the Union Minister of Agriculture and Farmers Welfare India launched the Pradhan Mantri Fasal Bima Yojana’s (PMFBY) DigiClaim, which digitized the claim settlement module for the National Crop Insurance Portal. The automated claim settlement procedure will now be a continuous endeavor to simplify the lives of all insured farmers and offer them sustainable financial flow and support.

• In February 2022, the HDFC ERGO General Insurance Company launched a new Cyber Sachet Insurance Policy, a specialized insurance product made to shield consumers from cyber-related and digital risks.



Source link

You Might Also Like

Wine Market Poised for Steady Growth with Dominance of Still Wines and Supermarket Channels as per Maximize Research

Market for Call Center Outsourcing Advances with Inbound Services and Voice Support Leading the Segment Growth as per Maximize Research.

WealthTech Solutions Market Poised for Significant Growth, Driven by Changing Consumer Preferences and Digital Advancements as per Maximize Research.

Portable Navigation Device Market to See Steady Growth with Advances in GPS Technology and Dynamic Mapping Solutions as per Maximize Research.

Saffron Market Fueled by Growing Demand for Natural Ingredients and Expanding Applications Across Industries Maximize Research.

NEWSROOM March 27, 2025 March 27, 2025
Share This Article
Facebook Twitter Email Print
Previous Article Drone Battery Swapping Market is expected to reach US$ 13.9 billion by 2031
Next Article Global Swarm Robotics Market is expected to reach US$ 6.9 Billion by 2031

Share Us

- Advertisement -
Ad image

Latest News

How Health Insurance Promotes Work-Life Balance
Middle East
WealthTech Solutions Market Poised for Significant Growth, Driven by Changing Consumer Preferences and Digital Advancements as per Maximize Research.
Press Releases
Market for Call Center Outsourcing Advances with Inbound Services and Voice Support Leading the Segment Growth as per Maximize Research.
Press Releases
Wine Market Poised for Steady Growth with Dominance of Still Wines and Supermarket Channels as per Maximize Research
Press Releases

About Us

Econo Asia™ publishes news on Asia’s econimic outlook with focus on Finance, FinTech and the Stock Market. News is aggregated and pubished as it is available on the web. Econo Asia™ is part of GroupWeb Media Network. Econo Asia™ in association with AsiaNewswire.Net, publishes and distributes press release to media in Asia.

Contact Us

  • WhatsApp: +1 832-716-2363
  • Skype: Groupwebmedia
  • Telegram: @groupwebmedia

Categories

News
Economy
FinTech
Markets
Asia
Middle East
Press Releases

 
 

 

 

Recent News

How Health Insurance Promotes Work-Life Balance
May 13, 2025
WealthTech Solutions Market Poised for Significant Growth, Driven by Changing Consumer Preferences and Digital Advancements as per Maximize Research.
May 11, 2025
Market for Call Center Outsourcing Advances with Inbound Services and Voice Support Leading the Segment Growth as per Maximize Research.
May 11, 2025
  • العربية (Arabic)
  • বাংলাদেশ (Bengali)
  • 简体中文 (Chinese (Simplified))
  • English
  • हिन्दी (Hindi)
  • Indonesia (Indonesian)
  • 日本語 (Japanese)
  • Tiếng Việt (Vietnamese)
Econo Asia™ is part of GroupWeb Media Network. © 2024 GroupWeb Media LLC
  • About Us
  • Contact Us
  • Submit News
Welcome Back!

Sign in to your account

Lost your password?