The global Agricultural Insurance Market size is estimated to be over USD 30 billion by 2022. The rising demand for crops for direct human consumption as well as industrial processes has led to a growth in automation and other modern practices in agriculture.
Rising incidents of natural calamities across the world has resulted in an increasing number of farmers opting for agriculture insurance to protect their crops, equipment, and livestock. Special emphasis has been witnessed on promoting crop insurance in some of the leading agriculture-oriented countries including India and China.
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Agriculture Insurance Market is strongly guided by following key Players:
- People’s Insurance Company (Group) of China Limited (PICC),
- The Chubb Corporation,
- QBE Insurance Group Limited,
- XL Group Limited,
- Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft
- Tokio Marine Holdings
Agriculture contributed to approximately one-third of the global GDP in 2017. Apart from boosting the economic growth, development in the agriculture sector is also equally important for the growth of the poor population across the globe. According to the World Bank, agriculture is the source of income for 65% of the world’s poor working population. Thus, significant investment in the agriculture sector has become equally important for developing nations, especially for agro-based economies.
The risk involved in agriculture is quite high as the yield is mainly dependent upon the weather. Crop failure due to seasonal variations can severely impact the farmers, as well as the other segments present in the agriculture value chain. Price volatility is another important factor which creates an uncertain environment. Variations in the commodity prices or input prices may impact the profit margin or even cause loss to the agriculture sector. Owing to these factors, investments are being made increasingly in the agriculture insurance sector with high support by the governing as well as international bodies.
Agricultural insurance began mainly for the livestock insurance for protection against the risk of livestock mortality. Insurance against crop failure due to hail was also prominent earlier, especially in the western part of the globe which soon spread to Japan, Canada, and other countries.
Agriculture insurance is prevalent in the developed economies of North America and Europe due to support by various authorized bodies. Developing economies pose a significant opportunity for growth with significant investments made by local bodies to provide insurance against potential risk for crop failure. Overall, the global agriculture insurance market is anticipated to witness impressive growth over coming years with CAGR 2.8%.
The vendor landscape of the global Agricultural Insurance Market is highly fragmented due to the presence of several local players. Typically, majority of the players cater to their local market with presence in overseas as well. Companies such as People’s Insurance Company (Group) of China Limited (PICC), the Chubb Corporation, QBE Insurance Group Limited, XL Group Limited, Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft and Tokio Marine Holdings, Inc. have a broader presence within the global Agricultural Insurance Market.
Key segments of the global Agriculture Insurance Market:
Distribution Channel Overview, 2012 – 2022 (USD Million)
- Agency
- Broker
- Bancassurance
- Direct writing
Insurance Type Overview, 2012 – 2022 (USD Million)
- Crop/MPCI Insurance
- Crop/Hail Insurance
- Livestock Insurance
- Others
Regional Overview, 2012 – 2022 (USD Million)
- North America
- USA
- Canada
- Mexico
- Europe
- Spain
- Poland
- Turkey
- Italy
- Asia-Pacific
- China
- Japan
- Korea
- India
- Southeast Asia
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- Tunisia
- Algeria
- Morocco
- Zimbabwe
- Egypt
- South Africa
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Key industry insights in Agriculture Insurance Market:
- In developed economies such as the USA, insurance is mostly marketed through agents employed by the insurance companies who in turn partner with agricultural product companies and provide a bundled solution
- Over 60% of the global crop insurance premium is gained from Crop/MPCI type of insurance followed by Crop/Hail (Over 25%)
- Asia Pacific has the highest potential for proliferation of insurance as it is highly prone to natural calamities such as earthquakes, floods, cyclones etc. Additionally, there are several economies that depend on agriculture as a primary contributor to the economy of the country. To mitigate the pricing and production risks, more farmers are opting for agricultural insurance and the trend is expected to continue over the projected period.
- Over the past few years, there has been a trend of insurance companies exiting the agriculture insurance sector as they are incurring more loss due to claims and buyouts
Major Points from TOC of Agricultural Insurance Market report:
Chapter 1 Executive Summary
Chapter 2 Research Methodology
- Research approach
- Scope, definition, and assumptions
- Data sources
Chapter 3 Agriculture Insurance Market Outlook
- Introduction
- Key trends
- Drivers
- Restraints
- Opportunity
- PESTLE analysis
- Value chain analysis
Chapter 4 Agricultural Insurance Market Overview, By Type
- Global agriculture insurance market share, by type, 2012 & 2022
- Crop/MPCI Insurance
- Market size and projections, 2012-2022
- Crop/Hail Insurance
- Market size and projections, 2012-2022
- Livestock Insurance
- Market size and projections, 2012-2022
- Others
- Market size and projections, 2012-2022
Chapter 5 Agricultural Insurance Market Overview, By Distribution Channel
- Global agriculture insurance market share, by distribution channel, 2012 & 2022
- Agency
- Broker
- Bancassurance
- Direct Writing
Chapter 6 Agriculture Insurance Market Overview, By Region
Chapter 7 Company Profiles PICC
Chapter 8 Industry Structure
- Competitive landscape analysis, 2017
- Strategic framework
….Continued
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The global bioinformatics market is a field of study stately including computer sciences, molecular biology, biotechnology, statistics, and engineering.
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The global bioinformatics market is further segmented into proteomics, genomics, drug design, chemo informatics, molecular phylogenetic, transcriptomics, metabolomics in that genomics is going to be the leading market in the next five years.Key Development in the global bioinformatics marketSome of the key development happened in recent years are stated,In January 2018, Thermo Fisher Scientific introduced Ion GeneStudio S5 Series (next generation sequencers)In November 2017, Biomillenia collaborated with QIAGEN for the use of Microbial Genomics Pro SuiteIn August 2017, Agilent Technologies and Eurofins Genomics collaborated for the expansion of SureVectorSome of the major players are Qiagen, Affymetrics, Geneva Bioinformatics SA Illumina, Agilent technologies, and Perkinelmer.
Reimbursement hurdles for the manufacturer and high-capital investment are another challenges for the market right now.ConclusionMajor Players in the bioinformatics industry are helping in elevating the demand and working on a higher growth application of bioinformatics in drug discovery.
The crucial need for integrated bioinformatics systems in genomics and proteomics is also into improvising the operational process and revealing the scope to grow in a specific area of the market.Enquire more details of the report at: https://www.adroitmarketresearch.com/industry-reports/bioinformatics-market About Us:Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018.
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Market is also expected to grow at a decent rate over the forecast period driven by rising number of cancer patients, facilities for financial funding, decreased cost of sequencing, and high concentration on research & development.
In emerging economies, the industry offers advantageous opportunities for growth with rising concentration on adoption and precision as well as personalization in medicines.
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The overall market can be segmented by technologies into Northern Blotting, SAGE, Micro array, DNA, NGS, and PCR.
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Global Sourdough Market Research Report 2021-2028The Sourdough Market research report study the market position worldwide, from different angles, such as from the geological regions, key player’s point, types of product, and application.This Sourdough market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market.The sourdough market is expected to witness market growth at a rate of 5.8% in the forecast period of 2021 to 2028.
Sourdough Market by Product Type-Type IType IIType IIISourdough Market by Application-Food and BeveragesPancakesWafflesDessertsOthersCrucial points covered in the report:Powerful insights to support grow your business.Analysis of efficient strategies to improve market performanceGuidance to transform your strategic and outfitted programsThe analysis helps you to build result-oriented business modelsRight directions guide you to develop internal capabilities for booming your business valueGuidance on right decision-making and performance enhancementCompetitive Analysis: Sourdough MarketErnst Böcker GmbH & Co. KG, PURATOS, Boudin Bakery, Truckee Sourdough Company, Morabito Baking Co., Inc., Don Rodrigo Sourdough Bakery, Rotella’s Italian Bakery, Wild Wheat, Nantucket Baking Company, Casa Dolce, Macphie, Shepherds Artisan Bakehouse, among other domestic and global players.Key questions answered in this report:-What will be the market size and what will be the growth rate in 2028?What are the challenges for market expansion?What are the main aspects that help to drive the Sourdough Market?Who are the key competitors of this Global Sourdough Market industry?What are the Sourdough Market opportunities and threats faced by the manufacturers in the Sourdough industry?What are the revenue and sales analysis of the Sourdough Market?This research report offers an in-depth analysis of the current as well as future market trends, and key regions of the Sourdough industry.
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Innovative vehicle designs and stringent norms on driver and passenger safety can make up a large part of production strategy of closures.
The global automotive closure market report by Market Research Future (MRFR) is segmented by application, component, and type for offering an unbiased view of the industry and supported by growth engines, obstacles, opportunities, and trends for the period of 2017 to 2023 (forecast period).
The COVID-19 outbreak and its impact on the automotive sector have been covered in the report.Get Latest Sample Report Here @ https://www.marketresearchfuture.com/sample_request/5775 Market ScopeThe global automotive closure market is estimated to grow at a CAGR of 7% over the forecast period.SegmentationOn the basis of application, the most widely used applications of the automotive closure system (which are economical, to fit), are the power windows and sliding doors.
Applications, such as sunroof and convertible roof, fall into the luxury automobile category and hence, cannot be fitted into budget vehicles.On the basis of component, motor & actuator and switch are the most widely used in all types of automobile.
Thus, though not favored, these relay and latch mechanisms are particularly used in case of budget automobiles.On the basis of type, manual variety is used more in developing markets and budget automobiles, while the automatic variety is preferred in mid to high-end automobiles.New Business Strategies, Challenges & Policies are mentioned in Table of Content, Inquire Now (Kindly Use Your Business/Corporate Email Id) @ https://www.marketresearchfuture.com/enquiry/5775 Regional AnalysisNorth America region (the U.S. and Canada, specifically) is one of the largest automotive markets in the world.
The Europe region is known for its customers preferring high-end cars with best possible features.
The global district heating and cooling market size is projected to cross USD 320.0 billion by 2025.
Several nations are now taking efforts towards improving their conventional heat generation, distribution and transmission infrastructure to reduce carbon footprints and make a resilient heat supply system.Developed economies such as the European Union, Russia, Japan and Australia are in compliance with the Kyoto Protocol climate reforms and have accordingly started to implement future carbon emission control targets.
This technology is considered as another important growth supporting factor of district heating, owing to its capability of producing high electricity at a local level combined with waste heat, thus improving the primary energy efficiency of the heat and electricity systems.District cooling has witnessed a fast projection in the market growth, and is considered to rise at over 8% CAGR during the forecast period, owing to the globally increasing energy consumption in space cooling in Asia Pacific, Middle East & Africa and South America.
GCC countries constituted more than 30% of the global district cooling market share in 2017.
Shinryo Corporation has about 80 operational district energy plants in Japan alone.Enquire more details of the report at: https://www.adroitmarketresearch.com/researchreport/purchase/77Key segments of the global district heating and cooling marketType Overview, 2013 – 2025 (TWh) (USD Million)District heatingDistrict coolingApplication Overview, 2013 – 2025 (TWh) (USD Million)ResidentialCommercialIndustrialRegional Overview, 2013 – 2025 (TWh) (USD Million)North AmericaS.CanadaMexicoEuropeGermanyFranceUKRussiaItalyDenmarkFinlandAsia PacificChinaJapanSouth KoreaIndiaSoutheast AsiaLatin AmericaBrazilMiddle East & AfricaGCCReasons for the studyThe purpose of the study is to give an in-depth outlook of the global district heating and cooling market.
Key notable trends that formed the basis of our study include:The global energy & power industry has been aiming at reducing carbon emissions, through implementing low carbon technologies, thus promoting the development of district heating and cooling systems in the worldIncreased focus of the government on improving their heating and cooling infrastructure coupled with inclusion of renewable sources in the fuel mix has been on the rise worldwideDistrict heating has established itself significantly on the global platform while district cooling is witnessing an emerging growth.
