Voluntary Carbon Credit Market Size-By End Use (Agriculture, Carbon Capture & Storage, Chemical Process, Household & Community, Industrial & Commercial, Forestry & Land Use, Renewable Energy, Transportation, Waste Management) & Forecast, 2023-2032

Description

List of Tables

Global Voluntary Carbon Credit Market will expand at a 27.4% CAGR from 2023 to 2032, attributed to government regulations and global initiatives incentivizing businesses to offset their carbon footprints. With an increasing emphasis on environmental responsibility and achieving carbon neutrality, companies seek to participate in carbon credit programs. Regulatory frameworks and international agreements create a conducive environment for businesses to adopt sustainable practices, contributing to the substantial expansion of the VCC industry as organizations align with global efforts to address climate change.

Organizations and governments are collaboratively taking measures to bolster the voluntary carbon credit industry, implementing initiatives that promote transparency, adherence to standards, and overall sustainability, thereby contributing to the market's robust growth. For instance, in 2023, the Commodity Futures Trading Commission approved a guidance proposal and solicitation of public input concerning the trading listing of derivative contracts tied to voluntary carbon credit. The outlined guidance specifies specific considerations for a CFTC-regulated exchange, or designated contract market, in addressing the stipulations of the CEA (Commodity Exchange Act) and relevant CFTC regulations during the contract design and listing process.

The voluntary carbon credit market is bifurcated based on end use and region.

The carbon capture and storage (CCS) end-use segment will achieve a notable share through 2032, propelled by the imperative to mitigate greenhouse gas emissions, with CCS initiatives playing a pivotal role in achieving carbon neutrality goals. As industries increasingly prioritize sustainability, the demand for voluntary carbon credits in the CCS sector rises. With a focus on environmental responsibility, the CCS segment will emerge as a key driver in shaping the voluntary carbon credit industry size.

Europe voluntary carbon credit industry will register at a notable CAGR from 2023 to 2032 due to the region's robust commitment to environmental sustainability and climate mitigation. Stringent regulations, in line with an increasing emphasis on corporate responsibility and carbon neutrality, drive the demand for voluntary carbon credits. As businesses and governments intensify efforts to combat climate change, Europe will stand as a leader in adopting and promoting voluntary carbon credit initiatives, solidifying its pivotal role in shaping the largest share of the evolving market.

Product Code: 6937

Chapter 1 Methodology & Scope

1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Voluntary carbon credit industry 360 degree synopsis, 2019 - 2032
- 2.1.1 Business trends
- 2.1.2 End use trends
- 2.1.3 Regional trends

Chapter 3 Voluntary Carbon Credit Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Vendor matrix
3.2 Regulatory landscape
3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls & challenges
3.4 Growth potential analysis
3.5 Porter's Analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
3.6 PESTEL Analysis

Chapter 4 Competitive Benchmarking

4.1 Innovation & sustainability landscape
4.2 Competitive landscape, 2022
- 4.2.1 Strategic dashboard

Chapter 5 Voluntary Carbon Credit Market, By End Use (Million Credit, USD Million)

5.1 Key end use trends
5.2 Agriculture
5.3 Carbon Capture & Storage
5.4 Chemical Process
5.5 Household & Community
5.6 Industrial & Commercial
5.7 Forestry & Land Use
5.8 Renewable Energy
5.9 Transportation
5.10 Waste Management

Chapter 6 Voluntary Carbon Credit Market, By Region (Million Credit, USD Million)

6.1 Key regional trends
6.2 North America
- 6.2.1 U.S.
- 6.2.2 Canada
- 6.2.3 Mexico
6.3 Europe
- 6.3.1 France
- 6.3.2 Germany
- 6.3.3 Netherlands
- 6.3.4 Switzerland
6.4 Asia Pacific
- 6.4.1 China
- 6.4.2 Taiwan
- 6.4.3 India
- 6.4.4 Bangladesh
- 6.4.5 Indonesia
- 6.4.6 Thailand
6.5 Middle East & Africa
- 6.5.1 Turkey
- 6.5.2 Kenya
- 6.5.3 Nigeria
- 6.5.4 South Africa
6.6 Latin America
- 6.6.1 Brazil
- 6.6.2 Chile
- 6.6.3 Peru

Chapter 7 Company Profiles

7.1 The Carbon Trust
7.2 Climate Impact Partners
7.3 South Pole
7.4 3Degrees
7.5 VERRA
7.6 TerraPass
7.7 CarbonClear
7.8 Shell
7.9 Microsoft
7.10 PwC
7.11 EcoAct
7.12 ClimeCo LLC.
7.13 Ecosecurities
7.14 ALLCOT
7.15 Atmosfair
7.16 The Carbon Collective Company