PUBLISHER: The Business Research Company | PRODUCT CODE: 1731007
PUBLISHER: The Business Research Company | PRODUCT CODE: 1731007
Product carbon footprint verification is the process of evaluating and certifying the total greenhouse gas (GHG) emissions produced throughout a product's lifecycle, from raw material extraction to disposal. This process ensures accuracy, transparency, and compliance with international standards, enabling businesses to validate their environmental impact claims, meet regulatory requirements, and strengthen their sustainability credentials.
The primary services in product carbon footprint verification include carbon footprint assessment, verification, consulting services, software solutions, training, and education. Carbon footprint assessment quantifies the total greenhouse gases, primarily carbon dioxide, emitted by a product, organization, or activity. Verification types include third-party verification, self-verification, and regulatory verification, based on standards such as ISO 14064, ISO 14067, the GHG Protocol, the Science-Based Targets Initiative (SBTI), and the Global Reporting Initiative (GRI). Organizations of various sizes-small, medium, and large enterprises-utilize these services across industries such as manufacturing, food and beverage, retail and e-commerce, transportation and logistics, energy and utilities, textiles and apparel, and aerospace and defense.
The product carbon footprint verification market research report is one of a series of new reports from The Business Research Company that provides product carbon footprint verification market statistics, including product carbon footprint verification industry global market size, regional shares, competitors with a product carbon footprint verification market share, detailed product carbon footprint verification market segments, market trends and opportunities, and any further data you may need to thrive in the product carbon footprint verification industry. This product carbon footprint verification market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The product carbon footprint verification market size has grown exponentially in recent years. It will grow from $12.12 billion in 2024 to $14.72 billion in 2025 at a compound annual growth rate (CAGR) of 21.4%. The growth during the historic period can be attributed to rising regulatory compliance requirements, increasing corporate sustainability commitments, growing consumer demand for eco-labeling, the expansion of carbon offset programs, and a heightened investor focus on ESG criteria.
The product carbon footprint verification market size is expected to see exponential growth in the next few years. It will grow to $31.62 billion in 2029 at a compound annual growth rate (CAGR) of 21.1%. The projected growth in the forecast period is expected to be driven by stricter carbon regulations, rising corporate net-zero targets, increasing supply chain transparency, the expansion of carbon credit markets, and a growing consumer preference for verified sustainability claims. Key trends anticipated during this period include advancements in AI-powered carbon footprint analysis, the use of blockchain for emissions tracking, the integration of real-time monitoring tools, the adoption of digital and AI-powered verification systems, and continuous technological improvements in verification processes.
The rising greenhouse gas (GHG) emissions are expected to drive the growth of the product carbon footprint verification market as businesses and industries seek to mitigate their environmental impact. The increasing emissions primarily stem from the continued reliance on fossil fuels for energy production, transportation, and industrial activities. As global energy demand grows, coal, oil, and natural gas remain dominant sources of energy, releasing large amounts of CO2 and methane (CH4) into the atmosphere. This has heightened the urgency for businesses to adopt sustainable practices and accurately track their carbon footprints. Product carbon footprint verification encourages the use of low-carbon alternatives, such as sustainable materials, energy-efficient production methods, and optimized transportation logistics. Verified carbon footprint data not only helps businesses reduce their environmental impact but also enhances consumer awareness, fueling demand for eco-friendly products and fostering greener supply chains. For example, in July 2024, the U.S. Environmental Protection Agency (EPA) reported a 0.2% increase in greenhouse gas emissions in 2022 compared to 2021, highlighting the growing need for verification solutions to curb emissions. Thus, the increasing levels of GHG emissions are driving demand for product carbon footprint verification services.
Companies in the product carbon footprint verification market are focusing on technological innovations to enhance the accuracy and efficiency of carbon footprint calculations. One notable example is the development of product carbon footprint tools. These tools enable businesses to measure, analyze, and report the total GHG emissions of a product throughout its lifecycle. For instance, in March 2023, HEINZ-GLAS GmbH & Co. KGaA, a Germany-based glass packaging manufacturer, introduced its Product Carbon Footprint (PCF) Tool. This tool provides precise, real-time CO2 emission measurements, independently verified by TUV SUD in compliance with ISO 14067 2019 standards. Unlike traditional methods that rely on rough estimates, this tool delivers highly accurate calculations down to the gram within five minutes, setting a new benchmark for sustainability reporting and transparency in the industry.
In January 2025, Societe Generale de Surveillance SA, a Switzerland-based testing, inspection, and certification company, acquired Aster Global Environmental Solutions, Inc. This acquisition enhances Societe Generale's sustainability services and strengthens its position in GHG emissions validation and verification. Aster Global, a US-based company specializing in GHG auditing, validation, and verification, brings valuable expertise to the table. By integrating Aster Global's capabilities, Societe Generale aims to expand its reach in sustainability solutions and reinforce its corporate responsibility initiatives, further accelerating the growth of the product carbon footprint verification market.
Major players in the product carbon footprint verification market are SGS SA, Bureau Veritas, DEKRA SE, Intertek Group plc, TUV SUD AG, UL Solutions, Applus+ Services SA, TUV Nord AG, BSI Group, Verra, LRQA, DQS Holding, Carbon Trust, SCS Global Services, ClimatePartner, CIRS Group, GEP Environmental, Circular Ecology, TFS Initiative, CTI technology, Carbon Footprint Ltd, DNV GL.
North America was the largest region in the product carbon footprint verification market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in product carbon footprint verification report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the product carbon footprint verification market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The product carbon footprint verification market includes revenues earned by supply chain carbon footprint analysis, carbon neutrality validation, and carbon offset project validation and verification. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Product Carbon Footprint Verification Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on product carbon footprint verification market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for product carbon footprint verification ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The product carbon footprint verification market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.