What are the Historical Developments and Current Growth Metrics of the Carbon Credit For Agriculture, Forestry, And Land Use Market?
The carbon credit for agriculture, forestry, and land use market has seen considerable growth due to a variety of factors.
• The carbon credit market for agriculture, forestry, and land use has grown exponentially in recent years. It will rise from $5.83 billion in 2024 to $7.53 billion in 2025, at a compound annual growth rate (CAGR) of 29.2%.
Growth drivers include the expansion of carbon offset projects, greater educational efforts, the impact of climate policies, the growth of renewable energy initiatives, and consumer preference for environmentally friendly products.
What Is The Projected Growth Of The Carbon Credit For Agriculture, Forestry, And Land Use Template Market?
The carbon credit for agriculture, forestry, and land use market is expected to maintain its strong growth trajectory in upcoming years.
• The carbon credit for agriculture, forestry, and land use market is expected to grow exponentially, reaching $20.79 billion by 2029, with a CAGR of 28.9%.
This growth is driven by improved reporting standards, urgency to address climate change, biodiversity conservation efforts, standardized carbon credits, and investments in climate-resilient practices. Key trends include satellite imaging, machine learning, blockchain technology, advanced monitoring techniques, and soil carbon sequestration advancements.
What Are The Key Drivers Fueling Growth In The Carbon Credit For Agriculture, Forestry, And Land Use Market?
The growing focus on reducing carbon emissions is expected to propel the carbon credit for agriculture, forestry, and land use market. Efforts to cut emissions have led to advancements in renewable energy, carbon capture, and sustainable agriculture. Carbon credits help reduce emissions by rewarding activities that absorb carbon or prevent its release, thus balancing carbon footprints in sectors like agriculture and forestry. For example, Microsoft's 2022 Environmental Sustainability Report highlighted the acquisition of 1.44 million metric tons of carbon credits in line with their carbon neutrality goals. As such, the increasing push to reduce carbon emissions is driving the growth of the carbon credit market.
What Are The Principal Market Segments In The Global Carbon Credit For Agriculture, Forestry, And Land Use Industry?
The carbon credit for agriculture, forestry, and land use market covered in this report is segmented –
1) By Type: Voluntary, Compliance
2) By Project Type: Forestry And Land Use, Agriculture
3) By Application: Avoidance Projects, Removal Projects, Combination Projects
Subsegments:
1) By Voluntary: Carbon Offset Projects, Carbon Credit Trading
2) By Compliance: Cap-And-Trade Systems, Emission Reduction Programs
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What Trends Are Shaping The Carbon Credit For Agriculture, Forestry, And Land Use Market?
Companies in the carbon credit for agriculture, forestry, and land use market are investing in innovative technologies like multi-activity carbon credit SaaS platforms to aid global decarbonization efforts. Such platforms generate carbon offsets from various activities using diverse data sources. For example, in September 2023, CERO Technologies, based in India, launched a carbon credit generation platform known as dMRV. This technology speeds up the carbon credit process by providing real-time, verifiable carbon credits, addressing market inefficiencies and credibility concerns.
Who Are the Key Players In The Carbon Credit For Agriculture, Forestry, And Land Use Market?
Major companies operating in the carbon credit for agriculture
• forestry
• and land use market are:
• Cargill Incorporated
• Bayer AG
• WGL Holdings Inc.
• Conservation International
• Indigo AG Inc.
• Green Mountain Energy
• The Carbon Trust
• 3Degrees Group Inc.
• Terra Global Capital LLC
• EcoAct
• Verra
• American Carbon Registry
• Carbon Credit Capital LLC
• Land Life Company
• Allcot Group
• Enking International
• natureOffice GmbH
• South Pole
• Ecosystem Services Market Consortium
• Sterling Planet Inc.
• Finite Carbon Corporation
• GreenTrees LLC
• Gold Standard
• Nori Inc.
What Are The Regional Insights Into The Carbon Credit For Agriculture, Forestry, And Land Use Market?
Asia-Pacific was the largest region in the carbon credit for agriculture, forestry, and land use market in 2023. The regions covered in the carbon credit for agriculture, forestry, and land use market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
