Voluntary Carbon offsets Market, Global Outlook and Forecast 2023-2035

The global Voluntary Carbon offsets market was valued at US$ 624.7 million in 2022 and is projected to reach US$ 1274.1 million by 2029, at a CAGR of 10.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The total data of this report covers the global voluntary carbon market. In the report, revenue is based on the location of the project supplier rather than the actual location of the project.

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Carbon offsets are measured in metric tons of carbon dioxide-equivalent (CO2e) and may represent six primary categories of greenhouse gases: carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), perfluorocarbons (PFCs), hydrofluorocarbons (HFCs), and sulfur hexafluoride (SF6). One carbon offset represents the reduction of one metric ton of carbon dioxide or its equivalent in other greenhouse gases. There are two markets for carbon offsets. In the larger, compliance market, companies, governments, or other entities buy carbon offsets in order to comply with caps on the total amount of carbon dioxide they are allowed to emit. This market exists in order to achieve compliance with obligations of the Kyoto Protocol, and of liable entities under the EU Emission Trading Scheme. In the much smaller, voluntary market, individuals, companies, or governments purchase carbon offsets to mitigate their own greenhouse gas emissions from transportation, electricity use, and other sources. For example, an individual might purchase carbon offsets to compensate for the greenhouse gas emissions caused by personal air travel. Many companies offer carbon offsets as an up-sell during the sales process so that customers can mitigate the emissions related with their product or service purchase (such as offsetting emissions related to a vacation flight, car rental, hotel stay, consumer good, etc.).

As shown in the figure below, carbon dioxide emissions are constantly increasing, which makes more and more people realize the importance of reducing carbon dioxide emissions. This voluntary market has prompted project developers to create technological innovations to reduce greenhouse gas emissions. Since trading of voluntary carbon offsets first took off in the late 2000’s, voluntary carbon projects have helped to reduce, sequester, or avoid over 435.7 MtCO2e–equivalent to not consuming over one billion barrels of oil. These projects are supported by companies, individuals and governments purchasing carbon offsets.

There are two markets for carbon offsets. In the larger, compliance market, companies, governments, or other entities buy carbon offsets in order to comply with caps on the total amount of carbon dioxide they are allowed to emit. This market exists in order to achieve compliance with obligations of the Kyoto Protocol, and of liable entities under the EU Emission Trading Scheme.

In the much smaller, voluntary market, individuals, companies, or governments purchase carbon offsets to mitigate their own greenhouse gas emissions from transportation, electricity use, and other sources. For example, an individual might purchase carbon offsets to compensate for the greenhouse gas emissions caused by personal air travel. Many companies offer carbon offsets as an up-sell during the sales process so that customers can mitigate the emissions related with their product or service purchase (such as offsetting emissions related to a vacation flight, car rental, hotel stay, consumer good, etc.).

This report aims to provide a comprehensive presentation of the global market for Voluntary Carbon offsets, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Voluntary Carbon offsets. This report contains market size and forecasts of Voluntary Carbon offsets in global, including the following market information:

Global Voluntary Carbon offsets Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)

Global key players of voluntary carbon offsets include South Pole Group, 3Degrees, Aera Group, EcoAct and Terrapass, etc. Top 5 players occupy for a share about 45%. Europe is the largest market, with a share about 50%, followed by North America and Asia Pacific. In terms of product, forestry is the largest segment, with a share about 55%. In terms of application, enterprise is the largest market, with a share about 70%.

We surveyed the Voluntary Carbon offsets companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Voluntary Carbon offsets Market, by Type, 2018-2023, 2024-2029 ($ millions)

Global Voluntary Carbon offsets Market Segment Percentages, by Type, 2022 (%)

Industrial
Household
Energy Industry
Other

Global Voluntary Carbon offsets Market, by Application, 2018-2023, 2024-2029 ($ millions)

Global Voluntary Carbon offsets Market Segment Percentages, by Application, 2022 (%)

REDD Carbon Offset
Renewable Energy
Landfill Methane Projects
Others

Global Voluntary Carbon offsets Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)

Global Voluntary Carbon offsets Market Segment Percentages, By Region and Country, 2022 (%)

North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
The Middle East and Africa (Middle East, Africa)
South and Central America (Brazil, Argentina, Rest of SCA)

Competitor Analysis

The report also provides analysis of leading market participants including:
Key companies Voluntary Carbon offsets revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Voluntary Carbon offsets revenues share in global market, 2022 (%)

Key players include:

Carbon Credit Capital
Terrapass
Renewable Choice
3Degrees
NativeEnergy
GreenTrees
South Pole Group
Aera Group
Allcot Group
Carbon Clear
Forest Carbon
Bioassets
Biofílica
WayCarbon
CBEEX
Guangzhou Greenstone

Outline of Major Chapters:

Chapter 1: Introduces the definition of Voluntary Carbon offsets, market overview.

Chapter 2: Global Voluntary Carbon offsets market size in revenue.

Chapter 3: Detailed analysis of Voluntary Carbon offsets company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Voluntary Carbon offsets in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: The main points and conclusions of the report.

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Table of content

1 Introduction to Research & Analysis Reports
1.1 Voluntary Carbon offsets Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Voluntary Carbon offsets Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Voluntary Carbon offsets Overall Market Size
2.1 Global Voluntary Carbon offsets Market Size: 2022 VS 2035
2.2 Global Voluntary Carbon offsets Market Size, Prospects & Forecasts: 2018-2035
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Voluntary Carbon offsets Players in Global Market
3.2 Top Global Voluntary Carbon offsets Companies Ranked by Revenue
3.3 Global Voluntary Carbon offsets Revenue by Companies
3.4 Top 3 and Top 5 Voluntary Carbon offsets Companies in Global Market, by Revenue in 2022
3.5 Global Companies Voluntary Carbon offsets Product Type
3.6 Tier 1, Tier 2 and Tier 3 Voluntary Carbon offsets Players in Global Market
3.6.1 List of Global Tier 1 Voluntary Carbon offsets Companies
3.6.2 List of Global Tier 2 and Tier 3 Voluntary Carbon offsets Companies
4 Market Sights by Produ

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