The global trade credit insurance market is projected to reach $41.1 billion by 2033, growing at a CAGR of 10.7% from 2024 to 2033. According to a report from Allied Market Research the key factors driving this growth include the benefits of trade credit insurance, rapid geographic expansion, and increasing commercial threats. However, challenges such as varying trade regulations and a lack of awareness about trade credit insurance may hinder market growth.
On the other hand, the rise of small and medium enterprises and the untapped potential in emerging economies present significant growth opportunities for the market. The global trade credit insurance market was valued at $14.9 billion in 2023.
