Global Carbon Offset/Carbon Credit Trading Service Market Growth (Status and Outlook) 2023-2029

Global Carbon Offset/Carbon Credit Trading Service Market Growth (Status and Outlook) 2023-2029

Carbon offsets are measured in metric tons of carbon dioxide-equivalent (CO2e) and may represent six primary categories of greenhouse gases: carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), perfluorocarbons (PFCs), hydrofluorocarbons (HFCs), and sulfur hexafluoride (SF6). One carbon offset represents the reduction of one metric ton of carbon dioxide or its equivalent in other greenhouse gases.
There are two markets for carbon offsets. In the larger, compliance market, companies, governments, or other entities buy carbon offsets in order to comply with caps on the total amount of carbon dioxide they are allowed to emit. This market exists in order to achieve compliance with obligations of the Kyoto Protocol, and of liable entities under the EU Emission Trading Scheme.
In the much smaller, voluntary market, individuals, companies, or governments purchase carbon offsets to mitigate their own greenhouse gas emissions from transportation, electricity use, and other sources. For example, an individual might purchase carbon offsets to compensate for the greenhouse gas emissions caused by personal air travel. Many companies offer carbon offsets as an up-sell during the sales process so that customers can mitigate the emissions related with their product or service purchase (such as offsetting emissions related to a vacation flight, car rental, hotel stay, consumer good, etc.).
LPI (LP Information)' newest research report, the “Carbon Offset/Carbon Credit Trading Service Industry Forecast” looks at past sales and reviews total world Carbon Offset/Carbon Credit Trading Service sales in 2022, providing a comprehensive analysis by region and market sector of projected Carbon Offset/Carbon Credit Trading Service sales for 2023 through 2029. With Carbon Offset/Carbon Credit Trading Service sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Carbon Offset/Carbon Credit Trading Service industry.
This Insight Report provides a comprehensive analysis of the global Carbon Offset/Carbon Credit Trading Service landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Carbon Offset/Carbon Credit Trading Service portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Carbon Offset/Carbon Credit Trading Service market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Carbon Offset/Carbon Credit Trading Service and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Carbon Offset/Carbon Credit Trading Service.
The global Carbon Offset/Carbon Credit Trading Service market size is projected to grow from US$ 198.6 million in 2022 to US$ 187.3 million in 2029; it is expected to grow at a CAGR of -0.8% from 2023 to 2029.
Global Carbon Offset/Carbon Credit Trading Service key players include South Pole Group, Aera Group, Terrapass, etc. Global top three manufacturers hold a share nearly 20%.
Europe is the largest market, with a share about 40%, followed by USA, and South America, both have a share about 40 percent.
In terms of product, REDD Carbon Offset is the largest segment, with a share about 40%. And in terms of application, the largest application is Industrial, followed by Household, Energy Industrial, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Carbon Offset/Carbon Credit Trading Service market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Industrial
Household
Energy Industrial
Others
Segmentation by application
REDD Carbon Offset
Renewable Energy
Landfill Methane Projects
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Carbon Credit Capital
Terrapass
Renewable Choice
3Degrees
NativeEnergy
GreenTrees
South Pole Group
Aera Group
Allcot Group
Carbon Clear
Forest Carbon
Bioassets
Biofílica
WayCarbon
CBEEX
Guangzhou Greenstone

Please note: The report will take approximately 2 business days to prepare and deliver.