Agricultural Insurance- Market Review: Long-Term Opportunity Vs. Short-Term Challenges

Agricultural Insurance- Market Latest Edition Published with Forecast to 2027
According to the report, Growing Awareness of Benefits of Crop Insurance by Providers is one of the primary growth factors for the market. Rise in Adoption of Agriculture Insurance is also expected to contribute significantly to the Agricultural Insurance- market. Overall, applications of Agricultural Insurance-, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models – a trend that will continue in the future.

AMA’s Analyst on the Global Agricultural Insurance- Market identified that the demand is rising in many different parts of the world due to "Rapid Development in Public and Private Partnership in Agriculture sector". Furthermore, some recent industry insights like "In August 2022, despite the rising premium burden under the Prime Minister’s Crop Insurance Scheme (Pradhan Mantri Fasal Bima Yojana-PMFBY) and the Centre gradually reducing its share of premium subsidy, the Tamil Nadu government has sanctioned around USD 296 million towards its share of premium subsidy for the current year." is constantly making the industry dynamic. One of the challenges that industry facing is "Lack of Transparency, Delay in Conducting Crop Cutting Experiments and Non-Payment/Delayed Payment of Claims to Farmers"

The Distribution Channels, such as Banks, is boosting the Agricultural Insurance- market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Agricultural Insurance- market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Agricultural Insurance- market and other related sub-markets covered in the study.

o Key & emerging players in the Agricultural Insurance- market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Agricultural Insurance- market size is calculated using market estimation process, the Agricultural Insurance- market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Agricultural Insurance- market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager