The Voluntary Carbon Credit Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
The voluntary carbon credit market has seen considerable growth, expanding from a market size of $1.55 billion in 2024 to an expected value of $1.89 billion in 2025. This represents a compound annual growth rate (CAGR) of 21.9%.
In 2029, the voluntary carbon credit market is projected to reach a size of $4.13 billion, with a compound annual growth rate (CAGR) of 21.6%.
Download Your Free Sample of the 2025 Voluntary Carbon Credit Market Report and Uncover Key Trends Now!The key drivers in the voluntary carbon credit market are:
• Stringent carbon neutrality targets
• Mandatory climate disclosure regulations
• Growing consumer demand for green products
• Increasing corporate net-zero commitments and inclusion of carbon credits in investment portfolios.
The voluntary carbon credit market covered in this report is segmented –
1) By Type: Forestry, Renewable Energy, Waste Disposal, Other Types
2) By Project Type: Removal Or Sequestration Projects, Avoidance Or Reduction Projects
3) By Application: Industrial, Household Devices, Energy, Agriculture, Other Applications
4) By End Use: Government Agencies, Non-Governmental Organizations (NGOs), Private Companies, Individuals
Subsegments:
1) By Forestry: Afforestation, Reforestation, Avoided Deforestation, Forest Management
2) By Renewable Energy: Wind Energy Projects, Solar Energy Projects, Hydropower Projects, Biomass Energy Projects, Geothermal Energy Projects
3) By Waste Disposal: Methane Capture From Landfills, Waste-To-Energy Projects, Composting Projects, Recycling And Circular Economy Initiatives
4) By Other Types: Blue Coastal and Marine Ecosystem Restoration (Carbon), Soil Carbon Sequestration, Carbon Capture and Storage (CCS), Biochar Projects
The key trends in the voluntary carbon credit market are:
• Integration of carbon credits in supply chains is an emerging trend.
• There is an increasing participation of developing economies in the market.
• Premium pricing for high-quality carbon credits is becoming more prevalent.
• Partnerships with indigenous communities and use of automated carbon offset verification tools are also significant trends.
Major players in the voluntary carbon credit market are:
• Ambipar Group
• Rubicon Carbon
• South Pole
• EKI Energy Services Ltd.
• The Carbon Trust
• 3Degrees
• Climate Impact Partners
• Allcot Group
• Green Mountain Energy
• First Climate
• ClimeCo LLC
• Aera Group
• Forliance
• ComBio Energia
• BioCarbon Partners
• CarbonBetter
• Atmosfair
• NativeEnergy
• NatureOffice GmbH
• Carbon Credit Capital LLC
• Finite Carbon
• GreenTrees LLC
• Puro.earth
• Tasman Environmental Markets
• TerraPass
• CarbonClear
• BURN
North America was the largest region in the voluntary carbon credit market in 2024