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Global crop insurance market to more than double to $106.23B by 2035 amid rising climate risks and tech adoption

Market News
23 Jul 2026
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Bullish
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The global crop insurance market, valued at $48.50 billion in 2025, is projected to reach $106.23 billion by 2035, growing at a CAGR of 8.19%. This growth is driven by increasing climate variability, extreme weather events, and the need to protect farmers' incomes. Advances in AI, satellite imagery, and digital agriculture improve risk assessment and claims processing, while government-backed programs and subsidies boost adoption. North America leads the market, with the U.S. expected to grow to $26.67 billion by 2035, followed by Europe and the rapidly growing Asia Pacific region.

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