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Global Cannabis Crop Insurance Market Size study & Forecast, by Coverage (Living Plant Material, Harvested Plant Material and Finished Stock), By Type (Product Liability Insurance and Business Income Insurance), By Application (Lightning, Theft, Fire, Explosions, Hail or Windstorms, Vandalism, Smoke, Leakage from Automatic Automated Fire Safety Systems, Plumbing Accidental Discharges and Water Damage from Air Conditioning & Heating Devices) and Regional Analysis, 2022-2029

October 2022 | 200 pages | ID: G6958A634EF6EN
Bizwit Research & Consulting LLP

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Global Cannabis Crop Insurance Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Cannabis Crop Insurance is a specialized insurance product that provides protection against the loss of Cannabis Crops. This insurance product covers loss that occurred due to damage to Cannabis Crop under certain weather conditions such as heavy wind, fire, and flooding among others. In addition, it also covers diseased or inadequately fertilized crops. The rising cannabis sales worldwide and increasing demand for cannabinoid-based pharmaceuticals as well as growing adoption of advanced technological tools in claims management are key factors accelerating the market growth.

According to Statista – in 2020, the legal adult-use cannabis market in Canada was estimated at USD 2 billion, and the market is projected to grow to USD 6.64 billion by 2026. Moreover, increasing demand for cannabinoid-based pharmaceuticals is another factor driving the market growth. For instance, as per Statista – in 2021, consumer market for cannabinoid-based pharmaceuticals in the United States was estimated at USD 5 billion, and the market is projected to grow to USD 25 billion in 2025 and further USD 50 billion by 2029. Also, rising expansion of the cannabis crop insurance product line and increasing government support to protect the cannabis crop sellers would create lucrative growth prospectus for the Market over the forecast period. However, lack of awareness of Cannabis Crop insurance as well as high premium cost associated with Cannabis Crop insurance impede the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Cannabis Crop Insurance Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share owing to presence of leading market players as well as increasing demand for Cannabis in the region. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising pharmaceuticals sector as well as increasing demand for marijuana in the region.

Major market players included in this report are:
American Financial Group
Chubb
Fairfax Financial Holdings Limited
QBE Insurance Group Limited
Sompo International Holdings Limited
Tokio Marine HCC
Zurich Insurance Group
American International Group Inc.
PICC
ICICI Lombard General Insurance Company Limited

Recent Developments in the Market:
In December 2020, The U.S. Department of Agriculture (USDA) announced extension to its Multi-Peril Crop Insurance program. MPCI offers coverage against the loss of hemp grown for fiber, grain, or cannabidiol (CBD) oil. The department would extend its hemp risk mitigation coverage to additional states and counties. USDA would extend the program to Arizona and Texas, and more counties in Tennessee, Colorado, and Kentucky.

In April 2021, The National Cannabis Risk Management Association (NCRMA) USA announced a suite of insurance products for its members and cannabis industry. The association partnered with Trichome, a Cannabis Insurance Company to jointly offer insurance products.

Global Cannabis Crop Insurance Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Coverage, Type, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Coverage:
Living Plant Material
Harvested Plant Material
Finished Stock
By Type:
Product Liability Insurance
Business Income Insurance
By Application:
Lightning
Theft
Fire
Explosions
Hail or Windstorms
Vandalism
Smoke
Leakage from Automatic Automated Fire Safety Systems
Plumbing Accidental Discharges
Water Damage from Air Conditioning & Heating Devices

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
  1.2.1. Cannabis Crop Insurance Market, by Region, 2019-2029 (USD Billion)
  1.2.2. Cannabis Crop Insurance Market, by Coverage, 2019-2029 (USD Billion)
  1.2.3. Cannabis Crop Insurance Market, by Type, 2019-2029 (USD Billion)
  1.2.4. Cannabis Crop Insurance Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL CANNABIS CROP INSURANCE MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL CANNABIS CROP INSURANCE MARKET DYNAMICS

3.1. Cannabis Crop Insurance Market Impact Analysis (2019-2029)
  3.1.1. Market Drivers
    3.1.1.1. Rising cannabis sales worldwide
    3.1.1.2. Increasing demand for cannabinoid-based pharmaceuticals
    3.1.1.3. Growing adoption of advanced technological tools in claims management
  3.1.2. Market Challenges
    3.1.2.1. Lack of awareness towards Cannabis Crop insurance
  3.1.3. Market Opportunities
    3.1.3.1. Rising expansion of the cannabis crop insurance product line
    3.1.3.2. Increasing government support to protect the cannabis crop sellers

CHAPTER 4. GLOBAL CANNABIS CROP INSURANCE MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies

CHAPTER 5. RISK ASSESSMENT: COVID-19 IMPACT

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

CHAPTER 6. GLOBAL CANNABIS CROP INSURANCE MARKET, BY COVERAGE

6.1. Market Snapshot
6.2. Global Cannabis Crop Insurance Market by Coverage, Performance - Potential Analysis
6.3. Global Cannabis Crop Insurance Market Estimates & Forecasts by Coverage, 2019-2029 (USD Billion)
6.4. Cannabis Crop Insurance Market, Sub Segment Analysis
  6.4.1. Living Plant Material
  6.4.2. Harvested Plant Material
  6.4.3. Finished Stock

CHAPTER 7. GLOBAL CANNABIS CROP INSURANCE MARKET, BY TYPE

7.1. Market Snapshot
7.2. Global Cannabis Crop Insurance Market by Type, Performance - Potential Analysis
7.3. Global Cannabis Crop Insurance Market Estimates & Forecasts by Type, 2019-2029 (USD Billion)
7.4. Cannabis Crop Insurance Market, Sub Segment Analysis
  7.4.1. Product Liability Insurance
  7.4.2. Business Income Insurance

CHAPTER 8. GLOBAL CANNABIS CROP INSURANCE MARKET, BY APPLICATION

8.1. Market Snapshot
8.2. Global Cannabis Crop Insurance Market by Application, Performance - Potential Analysis
8.3. Global Cannabis Crop Insurance Market Estimates & Forecasts by Application, 2019-2029 (USD Billion)
8.4. Cannabis Crop Insurance Market, Sub Segment Analysis
  8.4.1. Lightning
  8.4.2. Theft
  8.4.3. Fire
  8.4.4. Explosions
  8.4.5. Hail or Windstorms
  8.4.6. Vandalism
  8.4.7. Smoke
  8.4.8. Leakage from Automatic Automated Fire Safety Systems
  8.4.9. Plumbing Accidental Discharges
  8.4.10. Water Damage from Air Conditioning & Heating Devices

CHAPTER 9. GLOBAL CANNABIS CROP INSURANCE MARKET, REGIONAL ANALYSIS

9.1. Cannabis Crop Insurance Market, Regional Market Snapshot
9.2. North America Cannabis Crop Insurance Market
  9.2.1. U.S. Cannabis Crop Insurance Market
    9.2.1.1. Coverage breakdown estimates & forecasts, 2019-2029
    9.2.1.2. Type breakdown estimates & forecasts, 2019-2029
    9.2.1.3. Application breakdown estimates & forecasts, 2019-2029
  9.2.2. Canada Cannabis Crop Insurance Market
9.3. Europe Cannabis Crop Insurance Market Snapshot
  9.3.1. U.K. Cannabis Crop Insurance Market
  9.3.2. Germany Cannabis Crop Insurance Market
  9.3.3. France Cannabis Crop Insurance Market
  9.3.4. Spain Cannabis Crop Insurance Market
  9.3.5. Italy Cannabis Crop Insurance Market
  9.3.6. Rest of Europe Cannabis Crop Insurance Market
9.4. Asia-Pacific Cannabis Crop Insurance Market Snapshot
  9.4.1. China Cannabis Crop Insurance Market
  9.4.2. India Cannabis Crop Insurance Market
  9.4.3. Japan Cannabis Crop Insurance Market
  9.4.4. Australia Cannabis Crop Insurance Market
  9.4.5. South Korea Cannabis Crop Insurance Market
  9.4.6. Rest of Asia Pacific Cannabis Crop Insurance Market
9.5. Latin America Cannabis Crop Insurance Market Snapshot
  9.5.1. Brazil Cannabis Crop Insurance Market
  9.5.2. Mexico Cannabis Crop Insurance Market
9.6. Rest of The World Cannabis Crop Insurance Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Top Market Strategies
10.2. Company Profiles
  10.2.1. American Financial Group
    10.2.1.1. Key Information
    10.2.1.2. Overview
    10.2.1.3. Financial (Subject to Data Availability)
    10.2.1.4. Product Summary
    10.2.1.5. Recent Developments
  10.2.2. Chubb
  10.2.3. Fairfax Financial Holdings Limited
  10.2.4. QBE Insurance Group Limited
  10.2.5. Sompo International Holdings Limited
  10.2.6. Tokio Marine HCC
  10.2.7. Zurich Insurance Group
  10.2.8. American International Group Inc.
  10.2.9. PICC
  10.2.10. ICICI Lombard General Insurance Company Limited

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption
LIST OF TABLES

TABLE 1. Global Cannabis Crop Insurance Market, report scope
TABLE 2. Global Cannabis Crop Insurance Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Cannabis Crop Insurance Market estimates & forecasts by Coverage 2019-2029 (USD Billion)
TABLE 4. Global Cannabis Crop Insurance Market estimates & forecasts by Type 2019-2029 (USD Billion)
TABLE 5. Global Cannabis Crop Insurance Market estimates & forecasts by Application 2019-2029 (USD Billion)
TABLE 6. Global Cannabis Crop Insurance Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Cannabis Crop Insurance Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Cannabis Crop Insurance Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Cannabis Crop Insurance Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Cannabis Crop Insurance Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Cannabis Crop Insurance Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Cannabis Crop Insurance Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Cannabis Crop Insurance Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Cannabis Crop Insurance Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global Cannabis Crop Insurance Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Cannabis Crop Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. U.S. Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. U.S. Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. Canada Cannabis Crop Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 20. Canada Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. Canada Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. UK Cannabis Crop Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 23. UK Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. UK Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. Germany Cannabis Crop Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 26. Germany Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. Germany Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. France Cannabis Crop Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 29. France Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. France Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. Italy Cannabis Crop Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 32. Italy Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Italy Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. Spain Cannabis Crop Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 35. Spain Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. Spain Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. RoE Cannabis Crop Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 38. RoE Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. RoE Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. China Cannabis Crop Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 41. China Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. China Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. India Cannabis Crop Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 44. India Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. India Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. Japan Cannabis Crop Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 47. Japan Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. Japan Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. South Korea Cannabis Crop Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 50. South Korea Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. South Korea Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. Australia Cannabis Crop Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 53. Australia Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. Australia Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. RoAPAC Cannabis Crop Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 56. RoAPAC Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. RoAPAC Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. Brazil Cannabis Crop Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 59. Brazil Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Brazil Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Mexico Cannabis Crop Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 62. Mexico Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. Mexico Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. RoLA Cannabis Crop Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 65. RoLA Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. RoLA Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. Row Cannabis Crop Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 68. Row Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. Row Cannabis Crop Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Cannabis Crop Insurance Market
TABLE 71. List of primary sources, used in the study of global Cannabis Crop Insurance Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
LIST OF FIGURES

FIG 1. Global Cannabis Crop Insurance Market, research methodology
FIG 2. Global Cannabis Crop Insurance Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Cannabis Crop Insurance Market, key trends 2021
FIG 5. Global Cannabis Crop Insurance Market, growth prospects 2022-2029
FIG 6. Global Cannabis Crop Insurance Market, porters 5 force model
FIG 7. Global Cannabis Crop Insurance Market, pest analysis
FIG 8. Global Cannabis Crop Insurance Market, value chain analysis
FIG 9. Global Cannabis Crop Insurance Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Cannabis Crop Insurance Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Cannabis Crop Insurance Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Cannabis Crop Insurance Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Cannabis Crop Insurance Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Cannabis Crop Insurance Market, regional snapshot 2019 & 2029
FIG 15. North America Cannabis Crop Insurance Market 2019 & 2029 (USD Billion)
FIG 16. Europe Cannabis Crop Insurance Market 2019 & 2029 (USD Billion)
FIG 17. Asia Pacific Cannabis Crop Insurance Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Cannabis Crop Insurance Market 2019 & 2029 (USD Billion)
FIG 19. Global Cannabis Crop Insurance Market, company Market share analysis (2021)


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