Global Carbon Credit For Agriculture, Forestry, And Land Use Market Insights 2029: Drivers, Challenges, and Revenue Forecast
Claim your 20% discount on Global Market Reports with code ONLINE20. Limited time only.
What Is The Predicted Market Size Of The Carbon Credit For Agriculture, Forestry, And Land Use Industry By 2029?
The market size for carbon credits in agriculture, forestry, and land use has experienced substantial expansion lately. It’s projected to rise from $5.83 billion in 2024 to $7.51 billion in 2025, with a compound annual growth rate (CAGR) of 28.8%. This growth during the past period can be ascribed to the dispersion of carbon offset projects, elevation in attempts to enlighten stakeholders, the influence of Climate Policies, growth in renewable energy projects, and a rising inclination among consumers for eco-friendly products.
Anticipated to witness substantial growth in the coming years, the market size for agricultural, forestry, and land-use carbon credit is projected to skyrocket to $20.56 billion in 2029, with a compound annual growth rate (CAGR) of 28.6%. The predicted uptick during this period is largely credited to enhanced reporting standards, the pressing need to combat climate change, promotion of biodiversity preservation, ongoing endeavours for carbon credit standardization, and capital inflows into climate-resistant agricultural and forestry measures. Key trends likely to define this forecast period range from satellite imagery and machine learning to blockchain technology, efficient monitoring methods, and progression in soil carbon capture.
Get A Free Sample Of The Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18281&type=smp
Which Industry Forces Are Driving The Carbon Credit For Agriculture, Forestry, And Land Use Market Forward?
The increasing need to cut down on carbon emissions is anticipated to push the expansion of the carbon credit market in agriculture, forestry, and land use. Carbon emissions are defined as the release of carbon dioxide and other greenhouse gases into our environment. This call for a reduction in carbon emissions is inspiring fresh innovations and research in areas like renewable energy sources, battery storage, carbon capturing and storage (CCS), and eco-friendly agriculture to create sustainable and long-term effects. Carbon credits assist in lowering emissions by encouraging practices that either remove or inhibit the release of carbon dioxide, helping to offset the carbon footprint within agriculture, forestry, and land use. For example, Microsoft’s 2022 Environmental Sustainability Report noted that the US-based software development firm acquired 1.44 million metric tons of carbon credits in 2022 and retired 514,156 metric tons, supporting their yearly commitment to carbon neutrality. As a result, the increasing need for carbon emission cuts is bolstering the expansion of the carbon credit market pertaining to agriculture, forestry, and land use.
What Is The Segment Breakdown Of The Carbon Credit For Agriculture, Forestry, And Land Use Market?
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
How Are Global Trends Impacting The Development Of The Carbon Credit For Agriculture, Forestry, And Land Use Market?
Leading firms in the carbon credit for agriculture forestry and land use market are targeting the creation of unconventional technical solutions, such as the multi-activity carbon credit SaaS platform, to assist the global efforts in achieving carbon emission reduction goals. A multi-activity carbon credit SaaS platform is an application that produces superior carbon offsets from different mitigation activities by utilizing a diverse range of data sources and technologies. In September 2023, for example, CERO Technologies, a software company originating from India, introduced its carbon credit generation SaaS platform. This technological innovation, known as the digital measurement, reporting, and verification (dMRV) platform, addresses the current limitations in supply, inefficiencies, and credibility issues within the market. The platform enhances the speed of carbon credit computation and validation by engaging with premium data and generating high-quality carbon credits in a real-time manner.
Which Companies Are Contributing Significantly To The Carbon Credit For Agriculture, Forestry, And Land Use Market Growth?
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.
Access The Complete Report Here:
Which Region Is Leading Innovation In 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 2024. 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.
Customize Your Report Here:
https://www.thebusinessresearchcompany.com/customise?id=18281&type=smp
Browse Through More Reports Similar to the Global Carbon Credit For Agriculture, Forestry, And Land Use Market 2025, By The Business Research Company
Activated Carbon Global Market Report 2025
https://www.thebusinessresearchcompany.com/report/activated-carbon-global-market-report
Carbon Footprint Management Global Market Report 2025
https://www.thebusinessresearchcompany.com/report/carbon-footprint-management-global-market-report
Carbon Capture Utilization And Storage Market 2025
https://www.thebusinessresearchcompany.com/report/carbon-capture-utilization-and-storage-market
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Get in touch with us:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 310-496-7795
Asia +44 7882 955267 & +91 8897263534
Europe +44 7882 955267
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
