Product Code: PMRREP33769
Persistence Market Research has recently released a comprehensive report on the worldwide market for carbon credits and carbon offsets. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.
Key Insights:
- Carbon Credit/Carbon Offset Market Size (2024E): USD 1,001.1 Bn
- Projected Market Value (2031F): USD 2,227.8 Bn
- Global Market Growth Rate (CAGR 2024 to 2031): 12.1%
Carbon Credit/Carbon Offset Market - Report Scope:
The carbon credit/carbon offset market plays a crucial role in mitigating greenhouse gas emissions by allowing entities to purchase credits or offsets that correspond to a reduction in emissions elsewhere. This market caters to various industries, including energy, manufacturing, transportation, and agriculture, offering a range of offset types, including forestry projects, renewable energy initiatives, and community-based emission reduction programs. Market growth is driven by increasing regulatory pressures, corporate sustainability commitments, and advancements in carbon measurement and verification technologies.
Market Growth Drivers:
The global carbon credit/carbon offset market is propelled by several key factors, including growing awareness about climate change and the urgent need to reduce carbon footprints. Regulatory frameworks, such as the Paris Agreement, mandate emission reduction targets, driving demand for carbon credits and offsets. Corporate sustainability initiatives and the rise of ESG (Environmental, Social, and Governance) investing further stimulate market expansion. Technological advancements in blockchain and AI for carbon tracking and verification enhance market transparency and credibility, fostering trust and participation among stakeholders.
Market Restraints:
Despite promising growth prospects, the carbon credit/carbon offset market faces challenges related to regulatory compliance, market volatility, and the complexity of verifying carbon reduction claims. Stringent regulations governing the issuance and trading of carbon credits impose compliance burdens on market participants, affecting market entry barriers and operational costs. Furthermore, fluctuations in carbon credit prices and the risk of greenwashing pose challenges for market stability and credibility. Addressing these regulatory and economic barriers requires collaboration between industry stakeholders, policymakers, and third-party verifiers to promote access to reliable and affordable carbon offset solutions.
Market Opportunities:
The carbon credit/carbon offset market presents significant growth opportunities driven by technological innovations, demographic trends, and evolving corporate sustainability practices. The integration of digital platforms, such as blockchain-based carbon registries and AI-driven carbon tracking systems, enhances market efficiency and transparency. Furthermore, the expanding application of carbon credits beyond traditional industries, including in the finance sector through green bonds and carbon trading platforms, broadens the market scope and stimulates innovation. Strategic partnerships, investment in nature-based solutions, and the introduction of user-friendly, cost-effective carbon offset products are essential to capitalize on emerging opportunities and sustain market leadership in the dynamic carbon credit landscape.
Key Questions Answered in the Report:
- What are the primary factors driving the growth of the carbon credit/carbon offset market globally?
- Which offset types and applications are driving carbon credit adoption across different industries?
- How are technological advancements reshaping the competitive landscape of the carbon credit/carbon offset market?
- Who are the key players contributing to the carbon credit/carbon offset market, and what strategies are they employing to maintain market relevance?
- What are the emerging trends and future prospects in the global carbon credit/carbon offset market?
Competitive Intelligence and Business Strategy:
Leading players in the global carbon credit/carbon offset market, including Verra, Gold Standard, and Climate Action Reserve, focus on innovation, standardization, and strategic partnerships to gain a competitive edge. These organizations invest in R&D to develop advanced carbon offset methodologies, including reforestation projects, methane capture initiatives, and carbon capture and storage (CCS) technologies. Collaborations with corporate buyers, NGOs, and government bodies facilitate market access and promote the adoption of high-quality carbon offsets. Moreover, emphasis on transparency, third-party verification, and stakeholder education fosters market growth and enhances credibility in the rapidly evolving carbon credit landscape.
Key Companies Profiled:
- EKI Energy Services Ltd.
- 3Degrees
- Finite Carbon
- Climeco LLC
- CarbonBetter
- Tasman Environmental Markets
- ClimatePartner GmbH
- Terrapass
- Carbon Credit Capital LLC
- South Pole Group
- Puro.earth
- Xpansiv
- Carbon Trade Exchange
- AirCarbon Exchange
- Deloitte
Carbon credit/Carbon offset Market Research Segmentation
Type
- Voluntary Market
- Compliance Market
Project Type
- Avoidance/Reduction Projects
- Removal/Sequestration Projects
End-User
- Power
- Energy
- Aviation
- Transportation
- Buildings
- Industrial
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Contents
1. Executive Summary
- 1.1. Global Carbon Credit/Carbon Offset Market Snapshot, 2024 and 2031
- 1.2. Market Opportunity Assessment, 2024-2031, US$ Mn
- 1.3. Key Market Trends
- 1.4. Future Market Projections
- 1.5. Premium Market Insights
- 1.6. Industry Developments and Key Market Events
- 1.7. PMR Analysis and Recommendations
2. Market Overview
- 2.1. Market Scope and Definition
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
- 2.3. Nature Lifecycle Analysis
- 2.4. Carbon Credit/Carbon Offset Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
- 2.5. Porter Five Force's Analysis
- 2.6. Geopolitical Tensions: Market Impact
- 2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
- 2.8. Forecast Factors - Relevance and Impact
- 2.9. Regulatory and Technology Landscape
3. Global Carbon Credit/Carbon Offset Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
- 3.2. Market Size (US$ Bn ) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2019-2023
- 3.2.2. Current Market Size Forecast, 2024-2031
- 3.3. Global Carbon Credit/Carbon Offset Market Outlook: Nature
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Bn ) and Volume (Units) Analysis By Nature, 2019-2023
- 3.3.3. Current Market Size (US$ Bn ) and Volume (Units) Forecast By Nature, 2024-2031
- 3.3.3.1. Compliance Market
- 3.3.3.2. Voluntary Market
- 3.4. Market Attractiveness Analysis: Nature
- 3.5. Global Carbon Credit/Carbon Offset Market Outlook: Project Type
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Bn ) and Volume (Units) Analysis By Project Type, 2019-2023
- 3.5.3. Current Market Size (US$ Bn ) and Volume (Units) Forecast By Project Type, 2024-2031
- 3.5.3.1. Renewable Energy Projects
- 3.5.3.2. Energy Efficiency Projects
- 3.5.3.3. Afforestation and Reforestation Projects
- 3.5.3.4. Methane Capture Projects
- 3.5.3.5. Industrial Process Emission Reduction Projects
- 3.6. Market Attractiveness Analysis: Project Type
- 3.7. Global Carbon Credit/Carbon Offset Market Outlook: Application
- 3.7.1. Introduction / Key Findings
- 3.7.2. Historical Market Size (US$ Bn ) and Volume (Units) Analysis By Application, 2019-2023
- 3.7.3. Current Market Size (US$ Bn ) and Volume (Units) Forecast By Application, 2024-2031
- 3.7.3.1. Aviation
- 3.7.3.2. Energy and Utilities
- 3.7.3.3. Manufacturing and Industrial Processes
- 3.7.3.4. Transportation
- 3.7.3.5. Others
- 3.8. Market Attractiveness Analysis: Application
- 3.9. Global Carbon Credit/Carbon Offset Market Outlook: End User
- 3.9.1. Introduction / Key Findings
- 3.9.2. Historical Market Size (US$ Bn ) and Volume (Units) Analysis By End User, 2019-2023
- 3.9.3. Current Market Size (US$ Bn ) and Volume (Units) Forecast By End User, 2024-2031
- 3.9.3.1. Corporate Sector
- 3.9.3.2. Government and Municipalities
- 3.9.3.3. Individuals and Households
- 3.10. Market Attractiveness Analysis: End User
4. Global Carbon Credit/Carbon Offset Market Outlook: Region
- 4.1. Key Highlights
- 4.2. Historical Market Size (US$ Bn ) and Volume (Units) Analysis By Region, 2019-2023
- 4.3. Current Market Size (US$ Bn ) and Volume (Units) Forecast By Region, 2024-2031
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
- 4.4. Market Attractiveness Analysis: Region
5. North America Carbon Credit/Carbon Offset Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 5.1. Key Highlights
- 5.2. Pricing Analysis
- 5.3. Historical Market Size (US$ Bn ) and Volume (Units) Analysis By Market, 2019-2023
- 5.3.1. By Country
- 5.3.2. By Nature
- 5.3.3. By Project Type
- 5.3.4. By Application
- 5.3.5. By End User
- 5.4. Current Market Size (US$ Bn ) and Volume (Units) Forecast By Country, 2024-2031
- 5.4.1. U.S.
- 5.4.2. Canada
- 5.5. Current Market Size (US$ Bn ) and Volume (Units) Forecast By Nature, 2024-2031
- 5.5.1. Compliance Market
- 5.5.2. Voluntary Market
- 5.6. Current Market Size (US$ Bn ) and Volume (Units) Forecast By Project Type, 2024-2031
- 5.6.1. Renewable Energy Projects
- 5.6.2. Energy Efficiency Projects
- 5.6.3. Afforestation and Reforestation Projects
- 5.6.4. Methane Capture Projects
- 5.6.5. Industrial Process Emission Reduction Projects
- 5.7. Current Market Size (US$ Bn ) and Volume (Units) Forecast By Application, 2024-2031
- 5.7.1. Aviation
- 5.7.2. Energy and Utilities
- 5.7.3. Manufacturing and Industrial Processes
- 5.7.4. Transportation
- 5.7.5. Others
- 5.8. Current Market Size (US$ Bn ) and Volume (Units) Forecast By End User, 2024-2031
- 5.8.1. Corporate Sector
- 5.8.2. Government and Municipalities
- 5.8.3. Individuals and Households
- 5.9. Market Attractiveness Analysis
6. Europe Carbon Credit/Carbon Offset Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 6.1. Key Highlights
- 6.2. Pricing Analysis
- 6.3. Historical Market Size (US$ Bn ) and Volume (Units) Analysis By Market, 2019-2023
- 6.3.1. By Country
- 6.3.2. By Nature
- 6.3.3. By Project Type
- 6.3.4. By Application
- 6.3.5. By End User
- 6.4. Current Market Size (US$ Bn ) and Volume (Units) Forecast By Country, 2024-2031
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkey
- 6.4.8. Rest of Europe
- 6.5. Current Market Size (US$ Bn ) and Volume (Units) Forecast By Nature, 2024-2031
- 6.5.1. Compliance Market
- 6.5.2. Voluntary Market
- 6.6. Current Market Size (US$ Bn ) and Volume (Units) Forecast By Project Type, 2024-2031
- 6.6.1. Renewable Energy Projects
- 6.6.2. Energy Efficiency Projects
- 6.6.3. Afforestation and Reforestation Projects
- 6.6.4. Methane Capture Projects
- 6.6.5. Industrial Process Emission Reduction Projects
- 6.7. Current Market Size (US$ Bn ) and Volume (Units) Forecast By Application, 2024-2031
- 6.7.1. Aviation
- 6.7.2. Energy and Utilities
- 6.7.3. Manufacturing and Industrial Processes
- 6.7.4. Transportation
- 6.7.5. Others
- 6.8. Current Market Size (US$ Bn ) and Volume (Units) Forecast By End User, 2024-2031
- 6.8.1. Corporate Sector
- 6.8.2. Government and Municipalities
- 6.8.3. Individuals and Households
- 6.9. Market Attractiveness Analysis
7. East Asia Carbon Credit/Carbon Offset Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 7.1. Key Highlights
- 7.2. Pricing Analysis
- 7.3. Historical Market Size (US$ Bn ) and Volume (Units) Analysis By Market, 2019-2023
- 7.3.1. By Country
- 7.3.2. By Nature
- 7.3.3. By Project Type
- 7.3.4. By Application
- 7.3.5. By End User
- 7.4. Current Market Size (US$ Bn ) and Volume (Units) Forecast By Country, 2024-2031
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
- 7.5. Current Market Size (US$ Bn ) and Volume (Units) Forecast By Nature, 2024-2031
- 7.5.1. Compliance Market
- 7.5.2. Voluntary Market
- 7.6. Current Market Size (US$ Bn ) and Volume (Units) Forecast By Project Type, 2024-2031
- 7.6.1. Renewable Energy Projects
- 7.6.2. Energy Efficiency Projects
- 7.6.3. Afforestation and Reforestation Projects
- 7.6.4. Methane Capture Projects
- 7.6.5. Industrial Process Emission Reduction Projects
- 7.7. Current Market Size (US$ Bn ) and Volume (Units) Forecast By Application, 2024-2031
- 7.7.1. Aviation
- 7.7.2. Energy and Utilities
- 7.7.3. Manufacturing and Industrial Processes
- 7.7.4. Transportation
- 7.7.5. Others
- 7.8. Current Market Size (US$ Bn ) and Volume (Units) Forecast By End User, 2024-2031
- 7.8.1. Corporate Sector
- 7.8.2. Government and Municipalities
- 7.8.3. Individuals and Households
- 7.9. Market Attractiveness Analysis
8. South Asia & Oceania Carbon Credit/Carbon Offset Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 8.1. Key Highlights
- 8.2. Pricing Analysis
- 8.3. Historical Market Size (US$ Bn ) and Volume (Units) Analysis By Market, 2019-2023
- 8.3.1. By Country
- 8.3.2. By Nature
- 8.3.3. By Project Type
- 8.3.4. By Application
- 8.3.5. By End User
- 8.4. Current Market Size (US$ Bn ) and Volume (Units) Forecast By Country, 2024-2031
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
- 8.5. Current Market Size (US$ Bn ) and Volume (Units) Forecast By Nature, 2024-2031
- 8.5.1. Compliance Market
- 8.5.2. Voluntary Market
- 8.6. Current Market Size (US$ Bn ) and Volume (Units) Forecast By Project Type, 2024-2031
- 8.6.1. Renewable Energy Projects
- 8.6.2. Energy Efficiency Projects
- 8.6.3. Afforestation and Reforestation Projects
- 8.6.4. Methane Capture Projects
- 8.6.5. Industrial Process Emission Reduction Projects
- 8.7. Current Market Size (US$ Bn ) and Volume (Units) Forecast By Application, 2024-2031
- 8.7.1. Aviation
- 8.7.2. Energy and Utilities
- 8.7.3. Manufacturing and Industrial Processes
- 8.7.4. Transportation
- 8.7.5. Others
- 8.8. Current Market Size (US$ Bn ) and Volume (Units) Forecast By End User, 2024-2031
- 8.8.1. Corporate Sector
- 8.8.2. Government and Municipalities
- 8.8.3. Individuals and Households
- 8.9. Market Attractiveness Analysis
9. Latin America Carbon Credit/Carbon Offset Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 9.1. Key Highlights
- 9.2. Pricing Analysis
- 9.3. Historical Market Size (US$ Bn ) and Volume (Units) Analysis By Market, 2019-2023
- 9.3.1. By Country
- 9.3.2. By Nature
- 9.3.3. By Project Type
- 9.3.4. By Application
- 9.3.5. By End User
- 9.4. Current Market Size (US$ Bn ) and Volume (Units) Forecast By Country, 2024-2031
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
- 9.5. Current Market Size (US$ Bn ) and Volume (Units) Forecast By Nature, 2024-2031
- 9.5.1. Compliance Market
- 9.5.2. Voluntary Market
- 9.6. Current Market Size (US$ Bn ) and Volume (Units) Forecast By Project Type, 2024-2031
- 9.6.1. Renewable Energy Projects
- 9.6.2. Energy Efficiency Projects
- 9.6.3. Afforestation and Reforestation Projects
- 9.6.4. Methane Capture Projects
- 9.6.5. Industrial Process Emission Reduction Projects
- 9.7. Current Market Size (US$ Bn ) and Volume (Units) Forecast By Application, 2024-2031
- 9.7.1. Aviation
- 9.7.2. Energy and Utilities
- 9.7.3. Manufacturing and Industrial Processes
- 9.7.4. Transportation
- 9.7.5. Others
- 9.8. Current Market Size (US$ Bn ) and Volume (Units) Forecast By End User, 2024-2031
- 9.8.1. Corporate Sector
- 9.8.2. Government and Municipalities
- 9.8.3. Individuals and Households
- 9.9. Market Attractiveness Analysis
10. Middle East & Africa Carbon Credit/Carbon Offset Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 10.1. Key Highlights
- 10.2. Pricing Analysis
- 10.3. Historical Market Size (US$ Bn ) and Volume (Units) Analysis By Market, 2019-2023
- 10.3.1. By Country
- 10.3.2. By Nature
- 10.3.3. By Project Type
- 10.3.4. By Application
- 10.3.5. By End User
- 10.4. Current Market Size (US$ Bn ) and Volume (Units) Forecast By Country, 2024-2031
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
- 10.5. Current Market Size (US$ Bn ) and Volume (Units) Forecast By Nature, 2024-2031
- 10.5.1. Compliance Market
- 10.5.2. Voluntary Market
- 10.6. Current Market Size (US$ Bn ) and Volume (Units) Forecast By Project Type, 2024-2031
- 10.6.1. Renewable Energy Projects
- 10.6.2. Energy Efficiency Projects
- 10.6.3. Afforestation and Reforestation Projects
- 10.6.4. Methane Capture Projects
- 10.6.5. Industrial Process Emission Reduction Projects
- 10.7. Current Market Size (US$ Bn ) and Volume (Units) Forecast By Application, 2024-2031
- 10.7.1. Aviation
- 10.7.2. Energy and Utilities
- 10.7.3. Manufacturing and Industrial Processes
- 10.7.4. Transportation
- 10.7.5. Others
- 10.8. Current Market Size (US$ Bn ) and Volume (Units) Forecast By End User, 2024-2031
- 10.8.1. Corporate Sector
- 10.8.2. Government and Municipalities
- 10.8.3. Individuals and Households
- 10.9. Market Attractiveness Analysis
11. Competition Landscape
- 11.1. Market Share Analysis, 2024
- 11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Dashboard
- 11.2.3. Apparent Product Capacity
- 11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Carbon Care Asia
- 11.3.1.1. Overview
- 11.3.1.2. Segments and Product
- 11.3.1.3. Key Financials
- 11.3.1.4. Market Developments
- 11.3.1.5. Market Strategy
- 11.3.2. 3 Degrees
- 11.3.2.1. Overview
- 11.3.2.2. Segments and Product
- 11.3.2.3. Key Financials
- 11.3.2.4. Market Developments
- 11.3.2.5. Market Strategy
- 11.3.3. South Pole Group
- 11.3.3.1. Overview
- 11.3.3.2. Segments and Product
- 11.3.3.3. Key Financials
- 11.3.3.4. Market Developments
- 11.3.3.5. Market Strategy
- 11.3.4. Finite Carbon
- 11.3.4.1. Overview
- 11.3.4.2. Segments and Product
- 11.3.4.3. Key Financials
- 11.3.4.4. Market Developments
- 11.3.4.5. Market Strategy
- 11.3.5. Eki Energy Services, Ltd.
- 11.3.5.1. Overview
- 11.3.5.2. Segments and Product
- 11.3.5.3. Key Financials
- 11.3.5.4. Market Developments
- 11.3.5.5. Market Strategy
- 11.3.6. Carbon Better
- 11.3.6.1. Overview
- 11.3.6.2. Segments and Product
- 11.3.6.3. Key Financials
- 11.3.6.4. Market Developments
- 11.3.6.5. Market Strategy
- 11.3.7. Climetrek Ltd.
- 11.3.7.1. Overview
- 11.3.7.2. Segments and Product
- 11.3.7.3. Key Financials
- 11.3.7.4. Market Developments
- 11.3.7.5. Market Strategy
- 11.3.8. Carbon Credit Capital
- 11.3.8.1. Overview
- 11.3.8.2. Segments and Product
- 11.3.8.3. Key Financials
- 11.3.8.4. Market Developments
- 11.3.8.5. Market Strategy
- 11.3.9. Natureoffice GmbH
- 11.3.9.1. Overview
- 11.3.9.2. Segments and Product
- 11.3.9.3. Key Financials
- 11.3.9.4. Market Developments
- 11.3.9.5. Market Strategy
- 11.3.10. Bluesource LLC.
- 11.3.10.1. Overview
- 11.3.10.2. Segments and Product
- 11.3.10.3. Key Financials
- 11.3.10.4. Market Developments
- 11.3.10.5. Market Strategy
- 11.3.11. TEM
- 11.3.11.1. Overview
- 11.3.11.2. Segments and Product
- 11.3.11.3. Key Financials
- 11.3.11.4. Market Developments
- 11.3.11.5. Market Strategy
- 11.3.12. Climate Impact Partners
- 11.3.12.1. Overview
- 11.3.12.2. Segments and Product
- 11.3.12.3. Key Financials
- 11.3.12.4. Market Developments
- 11.3.12.5. Market Strategy
- 11.3.13. Climeco LLC
- 11.3.13.1. Overview
- 11.3.13.2. Segments and Product
- 11.3.13.3. Key Financials
- 11.3.13.4. Market Developments
- 11.3.13.5. Market Strategy
- 11.3.14. Carbonfund
- 11.3.14.1. Overview
- 11.3.14.2. Segments and Product
- 11.3.14.3. Key Financials
- 11.3.14.4. Market Developments
- 11.3.14.5. Market Strategy
12. Appendix
- 12.1. Research Methodology
- 12.2. Research Assumptions
- 12.3. Acronyms and Abbreviations