The global carbon offsets market size stood at USD938.75 billion in 2022. The market is set to surge from USD 1,067.74 billion in
2023 to USD 2,549.42 billion by 2030, exhibiting a CAGR of 13.1% over the
analysis period.
Carbon offsetting involves numerous processes, such as carbonsequestration and carbon capture technologies. Carbon offsets are being favored
by the increasing investments by traders and end-user industries in the carbon
credit sector.
FortuneBusiness Insights™ provides this information in itsresearch report, titled “Carbon Offsets Market, 2023-2030”.
COVID-19Impact:
Fluctuationsin Carbon Credit Prices on Stock Exchange Platforms Impacted Industry Growth
The pandemic led to a fluctuation in the prices of carboncredits on stock exchange platforms. This led to uncertainty among major
players and investors. The period also recorded a drop in greenhouse gas
emissions. These factors considerably affected industry expansion during the
pandemic period.
Segmentation:
ComplianceMarket Accounted for Leading Share Due to Rising Investments in Various
Projects
Based on type, the market is segmented into voluntary market andcompliance market. The compliance market segment held a prominent share of the
market in 2022. The increasing investments by companies in various carbon
offset projects in light of carbon credits offered by the government are set to
drive segment growth over the coming years.
By geography, the market for carbon offsets has been studiedacross Europe, Asia Pacific, North America, and the rest of the world.
ReportCoverage:
The report presents an overview of the pivotal trends in themarket. It also gives an account of the major factors touted to boost the
global business scenario over the coming years. The major steps deployed by
leading companies to strengthen their market have also been provided in the
report.
