The global Carbon Offset/Carbon Credit Market is projected to reach USD 1,602.7 billion in 2028 from USD 414.8 billion in 2023 at a CAGR of 31.0% according to a new report by MarketsandMarkets™. The Carbon Offset/Carbon Credit Market growth has been attributed to the rising global warming and the need to remove the carbon from the atmosphere. The market is driven by factors such as growing compliance requirements and regulatory schemes across the regions.
The technology-based segment in removal/sequestration projects, by project type, is expected to be the fastest segment during the forecast period.
Removal/sequestration projects are segmented into nature-based and technology-based projects. In the coming decades, carbon removal is expected to gain significant importance as the companies get closer to their net-zero targets. Once net zero is achieved, all new residual emissions must be neutralized with carbon removals and hence is a driver for the market during the forecast period. Carbon dioxide removal technologies include direct air capture, bioenergy with carbon capture and storage, biochar, and others. Advancements in various carbon dioxide removal technologies through research and development and government policies are major drivers for this market. The support from businesses, landowners, and the general public to implement such technologies is expected to boost market growth during the forecast period.
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The forestry and land use in voluntary market, by type, is expected to grow at the highest CAGR during the forecast period.
Based on type, the Carbon Offset/Carbon Credit Market has been categorized into the voluntary market and the compliance market. The voluntary market has been further sub-segmented into forestry and land use, renewable energy, waste disposal, chemical processes/industrial manufacturing, energy efficiency/fuel switching, and others. Forestry and land use, includes afforestation, reforestation, revegetation, and forest management. Out of the total offset generated, forestry and land use occupy the maximum share. Forest projects are in widespread development today for use in carbon offset markets as nature-based solutions have broad societal and environmental co-benefits.
Europe is expected to be the largest region in the Carbon Offset/Carbon Credit Market
Europe is expected to be the largest Carbon Offset/Carbon Credit Market during the forecast period. The market growth in Europe can be attributed to the rising focus on decarbonization with the increased investments in green technologies in the region.
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Key Market Players:
Some of the major players in the Carbon Offset/Carbon Credit Market are South Pole Group (Switzerland), 3Degrees (US), Finite Carbon (US), EKI Energy Services Ltd. (India), and NativeEnergy (US) to boost their position in the carbon offset market. Companies operating in this market also focus on product launches, agreements, and contracts to increase their market shares and expand their geographic presence.
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Carbon Offset/Carbon Credit Trading Service market Overview(2021-2027)This report studies the Carbon Offset/Carbon Credit Trading Service Market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers.
Find the complete Carbon Offset/Carbon Credit Trading Service Market analysis segmented by companies, region, type and applications in the report.The report offers valuable insight into the Carbon Offset/Carbon Credit Trading Service market progress and approaches related to the Carbon Offset/Carbon Credit Trading Service market with an analysis of each region.
The report goes on to talk about the dominant aspects of the market and examine each segment.Top Manufacturer’s/ Keyplayers in the Global Carbon Offset/Carbon Credit Trading Service Market:Key Players: Carbon Credit Capital, Terrapass, Renewable Choice, 3Degrees, NativeEnergy, GreenTrees, South Pole Group, Aera Group, Allcot Group, Carbon Clear, Forest Carbon, Bioassets, Biofílica, WayCarbon, CBEEX, and Guangzhou GreenstoneClick Here To Access The Sample Carbon Offset/Carbon Credit Trading Service Market ReportResearch MethodologyThe various research methodologies such as the Primary research mechanism and secondary research mechanism are considered in the Carbon Offset/Carbon Credit Trading Service market report.
The data that is collected in the market report is provided through these research mechanisms.
The tools such as Porter’s Five Force model is used to perform a quantitative and qualitative analysis of the Carbon Offset/Carbon Credit Trading Service market.
The various historical data along with the future aspects are analyzed to provide information about the overall market size of the Carbon Offset/Carbon Credit Trading Service market at various levels.Buy Full Copy Global Carbon Offset/Carbon Credit Trading Service Report 2021-2026 @Research objectives:To study and analyze the global Carbon Offset/Carbon Credit Trading Service market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2027.To understand the structure of Carbon Offset/Carbon Credit Trading Service market by identifying its various sub segments.Focuses on the key global Carbon Offset/Carbon Credit Trading Service players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the Carbon Offset/Carbon Credit Trading Service with respect to individual growth trends, future prospects, and their contribution to the total market.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).To project the size of Carbon Offset/Carbon Credit Trading Service submarkets, with respect to key regions (along with their respective key countries).To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.To strategically profile the key players and comprehensively analyze their growth strategies.The report lists the major players in the regions and their respective market share on the basis of global revenue.
