Impact of Carbon Credits on Agriculture, Forestry, and Land Use Market Driver: Leading Transformation in the Carbon Credit For Agriculture, Forestry, And Land Use Market in 2025

What Are the Projected Growth and Market Size Trends for the Carbon Credit For Agriculture, Forestry, And Land Use Market?
The market size for carbon credit in the fields of agriculture, forestry, and land use has experienced unprecedented growth in the past years. It is projected to rise from a value of $5.83 billion in 2024 to $7.53 billion in 2025, reflecting a compound annual growth rate (CAGR) of 29.2%. The historic period's growth is attributed to factors such as the expansion of carbon offset projects, initiatives to educate stakeholders, the influence of Climate Policies, the development of renewable energy projects, and the heightened consumer inclination towards eco-friendly products.

The market size of carbon credit in relation to agriculture, forestry, and land utilization is predicted to undergo significant expansion in the coming years, rising to an estimated worth of $20.79 billion by 2029, with a compound annual growth rate (CAGR) hypothesized at 28.9%. The projected growth over this period is largely attributed to enhancements in reporting standards, an increasing sense of urgency to tackle climate change, efforts to conserve biodiversity, persistent attempts to standardize carbon credits, and monetary commitments to both agricultural and forestry practices that are conducive to climate resilience. Key trends expected to dominate within this forecast period encompass advancements in satellite imaging, machine learning, implementation of blockchain technology, the development of solid monitoring methods, and progress in the field of soil carbon sequestration.

What Are the Main Catalysts for Growth in the Carbon Credit For Agriculture, Forestry, And Land Use Market?
The escalating need to lessen carbon emissions is anticipated to promote the expansion of the carbon credit in the agriculture, forestry, and land use sector. Carbon emissions pertain to the discharge of carbon dioxide (CO2) and other greenhouse gases into the atmosphere. This growing urgency for carbon reduction is prompting innovations and research within areas including renewable energy, battery storage, carbon capture and storage (CCS), and sustainable farming to obtain durable and long-term impacts. Carbon credits curb emissions by promoting actions that extract carbon dioxide or prevent emissions, thereby settling the carbon footprint in agriculture, forestry, and land use. For example, in its 2022 Environmental Sustainability Report, the US-based software development firm Microsoft indicated that it acquired 1.44 million metric tons of carbon credits in 2022 and retired 514,156 metric tons, upholding their yearly carbon neutrality commitment. Thus, the intensifying need to cut back on carbon emissions is fueling the expansion of the carbon credit within the agriculture, forestry, and land use sector.

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Which Leading Companies Are Shaping the Growth of the Carbon Credit For Agriculture, Forestry, And Land Use Market?
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.

What Are the Major Trends Shaping the Carbon Credit For Agriculture, Forestry, And Land Use Market?
Leading firms in the carbon credit for agriculture, forestry, and land use market are concentrating their efforts on creating novel technological responses, including a multi-activity carbon credit SaaS platform, to aid the global community in reaching its decarbonization goals. This kind of software solution produces high-grade carbon compensations from an array of mitigation actions by drawing from various data sources and technological applications. As an example, in September 2023, CERO Technologies, a software organisation based in India, unveiled a SaaS platform for generating carbon credits. This system, known as the digital measurement, reporting and verification (dMRV) platform, addresses current limitations, inefficiencies, and trust issues in the market. It expedites the carbon credit estimation and verification process by utilising high-grade data and generating high-quality carbon credits on the spot.

What Are the Key Segments 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

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Which Region Dominates 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 2023. 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.

What Is Covered In The Carbon Credit For Agriculture, Forestry, And Land Use Global Market Report?

- Market Size Analysis: Analyze the Carbon Credit For Agriculture, Forestry, And Land Use Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Carbon Credit For Agriculture, Forestry, And Land Use Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Carbon Credit For Agriculture, Forestry, And Land Use Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Carbon Credit For Agriculture, Forestry, And Land Use Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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