Carbon offset essentially refers to a reduction in emission of carbon dioxide or greenhouse gases made to compensate for emissions made elsewhere. Carbon offsets are used to counterbalance emissions from various industrial operations such as fossil fuel-based energy generation. Carbon offsets help address global climate change by lowering emission levels at the source. Carbon offset projects aim to reduce emissions in sectors like agriculture, forestry, renewable energy and waste management. Carbon offsets credits allow individuals and organizations to invest in emission mitigation projects so as to neutralize the impact of carbon footprint.
The global Carbon Offset Market is estimated to be valued at US$ 477.85 Mn in 2024 and is expected to exhibit a CAGR of 8.6% over the forecast period 2024 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity
Reducing the environmental footprint of organizations represents one of the major opportunities in the carbon offset market. With growing awareness about climate change impacts, there is increasing pressure on companies and governments to lower carbon emissions and adopt more sustainable practices. Carbon offset programs provide an effective way for entities to neutralize their emissions through funding of certified reduction projects. The market is expected to witness higher growth as more businesses commit to achieving carbon neutrality targets over the next decade through procurement of carbon credits. Adoption of emission mitigation strategies like offsetting will be crucial for organizations to transition to a low carbon economy.
Porter's Analysis
Threat of new entrants: The carbon offset market requires high initial investment in establishing offset projects and certification which poses a barrier for new players. However, the growing market provides opportunities for expansion.
Bargaining power of buyers: Large buyers such as corporations have significant bargaining power to negotiate prices given the fragmented nature of offset projects. However, compliance with regulations limits switching.
Bargaining power of suppliers: Offset project developers and verifiers have moderate power given the availability of offsets and options for buyers. However, offerings need to meet compliance standards.
Threat of new substitutes: No close substitutes exist, though emission reduction programmes provide an alternative to offsetting. Renewable projects also partially address decarbonization.
Competitive rivalry: Intense rivalry exists between offset registry, broker and developer firms to enhance market share. Brand building and diversification across geographies and project types is seen.
SWOT Analysis
Strengths: Established standards and protocols give credibility. Growing carbon pricing and net-zero goals boost demand.Project diversification reduces risk.
Weaknesses: Perceptions of “non-additionality” of some offsets. High verification and transaction costs. Lack of fungibility across registries/schemes.
Opportunities: Expanding compliance and voluntary markets especially in Asia. Emerging opportunities in nature-based solutions and carbon removal.
Threats: Stricter additionality rules. Risks from unmitigated climate impacts on projects. Policy and regulatory changes affecting eligibility and demand.
Key Takeaways
The global Carbon Offset Market Demand is expected to witness high growth over the forecast period driven by stringent emission targets.
Regional analysis: Europe dominates with the EU ETS being the largest compliance carbon market globally. However, China has emerged as the fastest growing regional market owing to focus on carbon neutrality by 2060. Countries like Japan, Korea and others in Asia are strengthening climate commitments augmenting demand. In the Americas, compliance requirements and voluntary buying is driving the North American offset industry.
Key players operating in the carbon offset market are AptarGroup, Weener Plastics Group, Bormioli Rocco Pharma, Pacific Packaging Components, PCC Exol, SHL Group, O.Berk Company, Winfield Laboratories, O.Berk, Comar, RPC Group, Alpha Packaging, Pretium Packaging, Silgan Holdings, Origin Pharma Packaging, Vidchem pty ltd, Mold-Rite Plastics, Berry Global, Amcor, Gerresheimer. These players are focusing on diversifying their offset portfolio across project types and geographies to capitalize on emission reduction opportunities. Partnerships are also seen across the offset value chain from project development to brokering.
Explore more related article on this topic: https://www.newswirestats.com/carbon-offset-market-demand-analysis/
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.
In this report, our team offers a comprehensive analysis of UV Offset Inks market, SWOT analysis of the most prominent players in this landscape.
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Download Free Sample Report @ https://www.radiantinsights.com/research/global-uv-offset-inks-market-2020-2026/request-sample This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, covering• BASF• Brancher• TandK TOKA• TOYO Ink• Flint Group• Siegwerk• Huber Group• Megami Ink• Suzhou Kingswood• Aria Ink• Zeller Gmelin• Ayusi Ink On the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split into• Polyethylene Type• Polypropylene Type• Polyvinyl Chloride Type• Other Type By Application, this report focuses on Sales, Market share and Growth Rate of each application, can be divided into• Food Packaging Printing• Consumer Goods Packaging Printing• Industrial Goods Packaging Printing• Other By Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2014 to 2026 (forecast), like• China• USA• Europe• Japan• Korea• India• Southeast Asia• South America Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-uv-offset-inks-market-2020-2026 Table of Contents Global UV Offset Inks Market Professional Survey Report 20191 Report Overview1.1 Definition and Specification1.2 Manufacturers and Region Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.3 Type Overview1.3.1 Polyethylene Type1.3.2 Polypropylene Type1.3.3 Polyvinyl Chloride Type1.3.4 Other Type1.4 Application Overview1.4.1 Food Packaging Printing1.4.2 Consumer Goods Packaging Printing1.4.3 Industrial Goods Packaging Printing1.4.4 Other1.5 Industrial Chain1.5.1 UV Offset Inks Industrial Chain1.5.2 Upstream1.5.3 Downstream 2.1 The Overall Market Performance(Volume)2.1.1 Polyethylene Type2.1.2 Polypropylene Type2.1.3 Polyvinyl Chloride Type2.1.4 Other Type2.2 The Overall Market Performance(Value)2.2.1 Polyethylene Type2.2.2 Polypropylene Type2.2.3 Polyvinyl Chloride Type2.2.4 Other Type 3 Global UV Offset Inks Market Assessment by Application3.1 Overall Market Performance (Volume)3.2 Food Packaging Printing3.3 Consumer Goods Packaging Printing3.4 Industrial Goods Packaging Printing3.5 Other Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/chemicals-and-materials About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
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