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Crop Reinsurance Market By Product (Multi-Peril Crop Insurance, Crop-hail Insurance, Green House Insurance, Other) , By Distribution Channel (Banks, Insurance Companies, Broker/Agents, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2032

July 2024 | 455 pages | ID: C9914A6568F6EN
Allied Market Research

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Crop Reinsurance Market

The crop reinsurance market was valued at $41.0 billion in 2023 and is projected t%li%reach $73.5 billion by 2032, growing at a CAGR of 7% from 2024 t%li%2032.

Crop reinsurance is a form of insurance policy in which farmers are offered compensation for the expected crop yield in case of unexpected losses. Pre-sowing and post-harvest losses are covered in the policy in case of natural disasters such as cyclonic rains or rainfall deficit. Crop reinsurance is pivotal t%li%reduce the financial risks associated with crop losses, hence helping t%li%increase the agricultural output and stabilize the farming industry. Along with the financial benefit, the insurance providers engage with the farmers t%li%enhance their technological awareness which helps them t%li%accelerate their crop production.

Increase in the prevalence of natural disasters and extreme weather conditions such as floods, heatwaves, and droughts has posed a significant threat t%li%agricultural productivity in recent years. This has been a major driver of the growth of the crop reinsurance market. Furthermore, notable support from government regulations, such as the Federal Crop Insurance Program by the U.S. government, boosts the adoption of reinsurance policies among farmers. In recent times, the integration of data analytics in reinsurance policies is acquiring traction among insurers as the technology aids in precise risk modeling, hence enabling the customization of reinsurance solutions.

However, the penetration of the crop reinsurance market is substantially low across the globe, thereby experiencing constrained growth. The uptake of reinsurance solutions is less in developing countries due t%li%lack of awareness and affordability. T%li%mitigate the affordability concern, governments in several nations are implementing ingenious schemes in accordance with the situations of farmers. For instance, the state government in Maharashtra, India has recently launched a scheme which will provide crop insurance for Re 1. The scheme is applicable for a selected variety of crops. Farmers need t%li%maintain a record of the crops sown by them in the e-crop inspection. The insurance cover applies when the projected yield reduces by more than 50% of the marginal yield due t%li%natural calamities.

Segment Review

The crop reinsurance market is segmented int%li%product, distribution channel, and region. On the basis of product, the market is divided int%li%multi-peril crop insurance, crop-hail insurance, livestock insurance, green house insurance, and other. As per distribution channel, it is classified int%li%banks, insurance companies, broker/agents, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

On the basis of the product, the crop-hail insurance segment is anticipated t%li%dominate the market during the forecast period.

As per distribution channel, the broker/agents segment is expected t%li%be the highest shareholder by 2032.

Region wise, Asia-Pacific is projected t%li%be the largest revenue generator by 2032.

Competition Analysis

The major players operating in the global crop reinsurance market include Somp%li%International Holdings Ltd., AXA XL, Syngenta, Munich Re, Agroinsurance, Hanover Re, Partner Re, Scor Re, Gramcover, and Mapfre Re. These players have adopted various key developmental strategies such as business expansion, new product launches, and partnerships t%li%strengthen their foothold in the market.

Additional benefits you will get with this purchase are:
  • Quarterly Update and* (only available with a corporate license, on listed price)
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  • Free Upcoming Version on the Purchase of Five and Enterprise User License.
      • 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting t%li%16 analyst hours t%li%solve questions, and post-sale queries)
    • 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent t%li%3 working days of free work, applicable once)
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Possible Customization with this report (with additional cost and timeline, please talk t%li%the sales executive t%li%know more)
  • End user preferences and pain points
  • Industry life cycle assessment, by region
  • Product Benchmarking / Product specification and applications
  • Product Life Cycles
    • Scenari%li%Analysis & Growth Trend Comparison
  • Supply Chain Analysis & Vendor Margins
  • Technology Trend Analysis
      • G%li%T%li%Market Strategy
  • Market share analysis of players by products/segments
  • New Product Development/ Product Matrix of Key Players
  • Pain Point Analysis
  • Strategic Recommendations
    • Additional company profiles with specific t%li%client's interest
  • Additional country or region analysis- market size and forecast
  • Criss-cross segment analysis- market size and forecast
  • Expanded list for Company Profiles
  • Historic market data
  • Key player details (including location, contact details, supplier/vendor network etc. in excel format)
  • Market share analysis of players at global/region/country level
  • SWOT Analysis
Key Market Segments

By Product
  • Multi-Peril Crop Insurance
  • Crop-hail Insurance
  • Green House Insurance
  • Other
By Distribution Channel
  • Banks
  • Insurance Companies
  • Broker/Agents
  • Others
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • Germany
  • Italy
  • Spain
  • UK
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Thailand
  • Malaysia
  • Indonesia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Saudi Arabia
  • UAE
  • Argentina
  • Rest of LAMEA
  • Key Market Players
    • Somp%li%International Holdings Ltd.
  • AXA XL
  • Syngenta
  • Munich Re
  • Agroinsurance
  • Hanover Re
  • Partner Re
  • Scor Re
  • Gramcover
  • Mapfre Re
CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
  1.4.1. Primary Research
  1.4.2. Secondary Research
  1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
  3.2.1. Top Investment Pockets
  3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
  3.3.1. Bargaining Power of Suppliers
  3.3.2. Threat of New Entrants
  3.3.3. Threat of Substitutes
  3.3.4. Competitive Rivalry
  3.3.5. Bargaining Power among Buyers
3.5. Market Dynamics
  3.5.1. Drivers
  3.5.2. Restraints
  3.5.3. Opportunities

CHAPTER 4: ENTERAL SYRINGE MARKET, BY TYPE

4.1. Market Overview
  4.1.1 Market Size and Forecast, By Type
4.2. Reusable
  4.2.1. Key Market Trends, Growth Factors and Opportunities
  4.2.2. Market Size and Forecast, By Region
  4.2.3. Market Share Analysis, By Country
4.3. Disposable
  4.3.1. Key Market Trends, Growth Factors and Opportunities
  4.3.2. Market Size and Forecast, By Region
  4.3.3. Market Share Analysis, By Country

CHAPTER 5: ENTERAL SYRINGE MARKET, BY AGE GROUP

5.1. Market Overview
  5.1.1 Market Size and Forecast, By Age Group
5.2. Adults
  5.2.1. Key Market Trends, Growth Factors and Opportunities
  5.2.2. Market Size and Forecast, By Region
  5.2.3. Market Share Analysis, By Country
5.3. Pediatrics
  5.3.1. Key Market Trends, Growth Factors and Opportunities
  5.3.2. Market Size and Forecast, By Region
  5.3.3. Market Share Analysis, By Country

CHAPTER 6: ENTERAL SYRINGE MARKET, BY END USER

6.1. Market Overview
  6.1.1 Market Size and Forecast, By End User
6.2. Hospitals
  6.2.1. Key Market Trends, Growth Factors and Opportunities
  6.2.2. Market Size and Forecast, By Region
  6.2.3. Market Share Analysis, By Country
6.3. Ambulatory Surgical Centers
  6.3.1. Key Market Trends, Growth Factors and Opportunities
  6.3.2. Market Size and Forecast, By Region
  6.3.3. Market Share Analysis, By Country
6.4. Homecare
  6.4.1. Key Market Trends, Growth Factors and Opportunities
  6.4.2. Market Size and Forecast, By Region
  6.4.3. Market Share Analysis, By Country

CHAPTER 7: ENTERAL SYRINGE MARKET, BY REGION

7.1. Market Overview
  7.1.1 Market Size and Forecast, By Region
7.2. North America
  7.2.1. Key Market Trends and Opportunities
  7.2.2. Market Size and Forecast, By Type
  7.2.3. Market Size and Forecast, By Age Group
  7.2.4. Market Size and Forecast, By End User
  7.2.5. Market Size and Forecast, By Country
  7.2.6. U.S. Enteral Syringe Market
    7.2.6.1. Market Size and Forecast, By Type
    7.2.6.2. Market Size and Forecast, By Age Group
    7.2.6.3. Market Size and Forecast, By End User
  7.2.7. Canada Enteral Syringe Market
    7.2.7.1. Market Size and Forecast, By Type
    7.2.7.2. Market Size and Forecast, By Age Group
    7.2.7.3. Market Size and Forecast, By End User
  7.2.8. Mexico Enteral Syringe Market
    7.2.8.1. Market Size and Forecast, By Type
    7.2.8.2. Market Size and Forecast, By Age Group
    7.2.8.3. Market Size and Forecast, By End User
7.3. Europe
  7.3.1. Key Market Trends and Opportunities
  7.3.2. Market Size and Forecast, By Type
  7.3.3. Market Size and Forecast, By Age Group
  7.3.4. Market Size and Forecast, By End User
  7.3.5. Market Size and Forecast, By Country
  7.3.6. Germany Enteral Syringe Market
    7.3.6.1. Market Size and Forecast, By Type
    7.3.6.2. Market Size and Forecast, By Age Group
    7.3.6.3. Market Size and Forecast, By End User
  7.3.7. France Enteral Syringe Market
    7.3.7.1. Market Size and Forecast, By Type
    7.3.7.2. Market Size and Forecast, By Age Group
    7.3.7.3. Market Size and Forecast, By End User
  7.3.8. UK Enteral Syringe Market
    7.3.8.1. Market Size and Forecast, By Type
    7.3.8.2. Market Size and Forecast, By Age Group
    7.3.8.3. Market Size and Forecast, By End User
  7.3.9. Italy Enteral Syringe Market
    7.3.9.1. Market Size and Forecast, By Type
    7.3.9.2. Market Size and Forecast, By Age Group
    7.3.9.3. Market Size and Forecast, By End User
  7.3.10. Spain Enteral Syringe Market
    7.3.10.1. Market Size and Forecast, By Type
    7.3.10.2. Market Size and Forecast, By Age Group
    7.3.10.3. Market Size and Forecast, By End User
  7.3.11. Rest of Europe Enteral Syringe Market
    7.3.11.1. Market Size and Forecast, By Type
    7.3.11.2. Market Size and Forecast, By Age Group
    7.3.11.3. Market Size and Forecast, By End User
7.4. Asia-Pacific
  7.4.1. Key Market Trends and Opportunities
  7.4.2. Market Size and Forecast, By Type
  7.4.3. Market Size and Forecast, By Age Group
  7.4.4. Market Size and Forecast, By End User
  7.4.5. Market Size and Forecast, By Country
  7.4.6. Japan Enteral Syringe Market
    7.4.6.1. Market Size and Forecast, By Type
    7.4.6.2. Market Size and Forecast, By Age Group
    7.4.6.3. Market Size and Forecast, By End User
  7.4.7. China Enteral Syringe Market
    7.4.7.1. Market Size and Forecast, By Type
    7.4.7.2. Market Size and Forecast, By Age Group
    7.4.7.3. Market Size and Forecast, By End User
  7.4.8. India Enteral Syringe Market
    7.4.8.1. Market Size and Forecast, By Type
    7.4.8.2. Market Size and Forecast, By Age Group
    7.4.8.3. Market Size and Forecast, By End User
  7.4.9. Australia Enteral Syringe Market
    7.4.9.1. Market Size and Forecast, By Type
    7.4.9.2. Market Size and Forecast, By Age Group
    7.4.9.3. Market Size and Forecast, By End User
  7.4.10. South Korea Enteral Syringe Market
    7.4.10.1. Market Size and Forecast, By Type
    7.4.10.2. Market Size and Forecast, By Age Group
    7.4.10.3. Market Size and Forecast, By End User
  7.4.11. Rest of Asia-Pacific Enteral Syringe Market
    7.4.11.1. Market Size and Forecast, By Type
    7.4.11.2. Market Size and Forecast, By Age Group
    7.4.11.3. Market Size and Forecast, By End User
7.5. LAMEA
  7.5.1. Key Market Trends and Opportunities
  7.5.2. Market Size and Forecast, By Type
  7.5.3. Market Size and Forecast, By Age Group
  7.5.4. Market Size and Forecast, By End User
  7.5.5. Market Size and Forecast, By Country
  7.5.6. Brazil Enteral Syringe Market
    7.5.6.1. Market Size and Forecast, By Type
    7.5.6.2. Market Size and Forecast, By Age Group
    7.5.6.3. Market Size and Forecast, By End User
  7.5.7. Saudi Arabia Enteral Syringe Market
    7.5.7.1. Market Size and Forecast, By Type
    7.5.7.2. Market Size and Forecast, By Age Group
    7.5.7.3. Market Size and Forecast, By End User
  7.5.8. South Africa Enteral Syringe Market
    7.5.8.1. Market Size and Forecast, By Type
    7.5.8.2. Market Size and Forecast, By Age Group
    7.5.8.3. Market Size and Forecast, By End User
  7.5.9. Rest of LAMEA Enteral Syringe Market
    7.5.9.1. Market Size and Forecast, By Type
    7.5.9.2. Market Size and Forecast, By Age Group
    7.5.9.3. Market Size and Forecast, By End User

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top Winning Strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top Player Positioning, 2023

CHAPTER 9: COMPANY PROFILES

9.1. Fresenius SE And Co. KGaA
  9.1.1. Company Overview
  9.1.2. Key Executives
  9.1.3. Company Snapshot
  9.1.4. Operating Business Segments
  9.1.5. Product Portfolio
  9.1.6. Business Performance
  9.1.7. Key Strategic Moves and Developments
9.2. Boston Scientific Corporation
  9.2.1. Company Overview
  9.2.2. Key Executives
  9.2.3. Company Snapshot
  9.2.4. Operating Business Segments
  9.2.5. Product Portfolio
  9.2.6. Business Performance
  9.2.7. Key Strategic Moves and Developments
9.3. Danone
  9.3.1. Company Overview
  9.3.2. Key Executives
  9.3.3. Company Snapshot
  9.3.4. Operating Business Segments
  9.3.5. Product Portfolio
  9.3.6. Business Performance
  9.3.7. Key Strategic Moves and Developments
9.4. Cook Medical, Inc.
  9.4.1. Company Overview
  9.4.2. Key Executives
  9.4.3. Company Snapshot
  9.4.4. Operating Business Segments
  9.4.5. Product Portfolio
  9.4.6. Business Performance
  9.4.7. Key Strategic Moves and Developments
9.5. Cardinal Health Inc.
  9.5.1. Company Overview
  9.5.2. Key Executives
  9.5.3. Company Snapshot
  9.5.4. Operating Business Segments
  9.5.5. Product Portfolio
  9.5.6. Business Performance
  9.5.7. Key Strategic Moves and Developments
9.6. Becton, Dickinson And Company
  9.6.1. Company Overview
  9.6.2. Key Executives
  9.6.3. Company Snapshot
  9.6.4. Operating Business Segments
  9.6.5. Product Portfolio
  9.6.6. Business Performance
  9.6.7. Key Strategic Moves and Developments
9.7. Moog Inc.
  9.7.1. Company Overview
  9.7.2. Key Executives
  9.7.3. Company Snapshot
  9.7.4. Operating Business Segments
  9.7.5. Product Portfolio
  9.7.6. Business Performance
  9.7.7. Key Strategic Moves and Developments
9.8. B. Braun Melsungen AG
  9.8.1. Company Overview
  9.8.2. Key Executives
  9.8.3. Company Snapshot
  9.8.4. Operating Business Segments
  9.8.5. Product Portfolio
  9.8.6. Business Performance
  9.8.7. Key Strategic Moves and Developments
9.9. Owens And Minor, Inc.
  9.9.1. Company Overview
  9.9.2. Key Executives
  9.9.3. Company Snapshot
  9.9.4. Operating Business Segments
  9.9.5. Product Portfolio
  9.9.6. Business Performance
  9.9.7. Key Strategic Moves and Developments
9.10. NestlŠ¹ S.A.
  9.10.1. Company Overview
  9.10.2. Key Executives
  9.10.3. Company Snapshot
  9.10.4. Operating Business Segments
  9.10.5. Product Portfolio
  9.10.6. Business Performance
  9.10.7. Key Strategic Moves and Developments


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