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Prominent Carbon Credit For Agriculture, Forestry, And Land Use Market Trend for 2025: Advancing The Carbon Credit Market Through Multi-Activity SaaS Platforms
What industry-specific factors are fueling the growth of the carbon credit for agriculture, forestry, and land use market?The push for decreasing carbon emissions is anticipated to drive the expansion of the carbon credit for agriculture, forestry, and land use market in the future. Carbon emissions involve the release of carbon dioxide (CO2) and other greenhouse gases into the environment. This pressing need to lower carbon emissions is encouraging innovative thinking and research in sectors like renewable energy, battery storage, carbon capture and storage (CCS), and eco-friendly agriculture to guarantee enduring and sustainable effects. Carbon credits aid in reduction of emissions by promoting actions that absorb carbon dioxide or deter emissions, thus equalizing the carbon output in agriculture, forestry, and land use. For example, 2022's Environmental Sustainability Report by Microsoft, an American software development corporation, reveals that the company has purchased 1.44 million metric tons of carbon credits in 2022 and retired 514,156 metric tons in adherence with their annual commitment to carbon neutrality. Hence, the increasing demand for decreasing carbon emissions is fueling the upward trajectory of the carbon credit for agriculture, forestry, and land use market.
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What Is the projected market size and growth rate for the carbon credit for agriculture, forestry, and land use market?
In recent times, the market size for agricultural, forestry, and land use carbon credits has seen a significant upswing. The market which will be valued at $5.83 billion in 2024, is expected to reach $7.53 billion by the end of 2025, at a compound annual growth rate (CAGR) of 29.2%. The historical growth of this market sector can be related to advancements in carbon offset projects, heightened initiatives to enlighten stakeholders, the influence of climate-related policies, development of renewable energy projects, and a rising consumer inclination towards eco-friendly goods.
The market size for carbon credit in agriculture, forestry, and land use is anticipated for a significant upturn in the coming years, reaching an estimate of $20.79 billion in 2029 with a CAGR of 28.9%. This surge during the forecast span can be credited to enhancements in reporting norms, the immediate need to tackle climate change, endorsing biodiversity preservation, consistent endeavors to standardize carbon credit, and capital investments in climate-resilient agricultural and forestry methods. Key trends for the forecast period take into account satellite imaging, machine learning, blockchain technology, effective monitoring mechanisms, and progress in soil carbon sequestration.
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What new trends are reshaping the carbon credit for agriculture, forestry, and land use market and its opportunities?
Leading firms in the agricultural, forestry, and land use carbon credit market are adopting innovative technological solutions, such as the multi-activity carbon credit SaaS platform, to aid global decarbonization efforts. This software solution accelerates the generation of superior carbon offsets from a range of mitigation activities, by utilizing an array of data sources and technological tools. For instance, CERO Technologies, an Indian software organization, introduced a SaaS platform for generating carbon credits in September 2023. This platform, known as the digital measurement, reporting, and verification (dMRV) platform, addresses current supply constraints, inefficiencies, and credibility challenges in the market. By interfacing with high-quality data, it facilitates faster carbon credit computation and verification, while generating top-notch carbon credits instantaneously.
What major market segments define the scope and growth 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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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.
Which key market leaders are driving the carbon credit for agriculture, forestry, and land use industry growth?
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.
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What Is Covered In The Carbon Credit For Agriculture, Forestry, And Land Use Global Market Report?
•Market Size Forecast: Examine the carbon credit for agriculture, forestry, and land use market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the carbon credit for agriculture, forestry, and land use market for a structured understanding.
•Key Players Overview: Analyze major players in the carbon credit for agriculture, forestry, and land use market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the carbon credit for agriculture, forestry, and land use market.
•Segment Contributions: Evaluate how different segments drive overall growth in the carbon credit for agriculture, forestry, and land use market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the carbon credit for agriculture, forestry, and land use market.
•Industry Challenges: Identify potential risks and obstacles affecting the carbon credit for agriculture, forestry, and land use market.
•Competitive Landscape: Review strategic developments in the carbon credit for agriculture, forestry, and land use market, including expansions, agreements, and new product launches.
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