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.
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.).
Market Analysis and Insights: Global Voluntary Carbon Offsets Market
The global Voluntary Carbon Offsets market size is projected to reach US$ 4276.9 million by 2028, from US$ 607.1 million in 2021, at a CAGR of 31.2% during 2022-2028.
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%.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Voluntary Carbon Offsets market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Voluntary Carbon Offsets market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Voluntary Carbon Offsets market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Voluntary Carbon Offsets market.
Global Voluntary Carbon Offsets Scope and Market Size
Voluntary Carbon Offsets market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Voluntary Carbon Offsets market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
- Forestry
- Renewable Energy
- Waste Disposal
- Others
Segment by Application
By Company
- South Pole Group
- 3Degrees
- EcoAct
- Terrapass
- Green Mountain Energy
- First Climate Markets AG
- ClimatePartner GmbH
- Aera Group
- Forliance
- Element Markets
- Bluesource
- Allcot Group
- Swiss Climate
- Schneider
- NatureOffice GmbH
- Planetly
- GreenTrees
- Bischoff & Ditze Energy GmbH
- NativeEnergy
- Carbon Credit Capital
- UPM Umwelt-Projekt-Management GmbH
- CBEEX
- Bioassets
- Biofilica
By Region
- North America
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Nordic Countries
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
TABLE OF CONTENTS
1 Report Business Overview
- 1.1 Study Scope
- 1.2 Market Analysis by Type
- 1.2.1 Global Voluntary Carbon Offsets Market Size Growth Rate by Type, 2017 VS 2021 VS 2028
- 1.2.2 Forestry
- 1.2.3 Renewable Energy
- 1.2.4 Waste Disposal
- 1.2.5 Others
- 1.3 Market by Application
- 1.3.1 Global Voluntary Carbon Offsets Market Size Growth Rate by Application, 2017 VS 2021 VS 2028
- 1.3.2 Personal
- 1.3.3 Enterprise
- 1.4 Study Objectives
- 1.5 Years Considered
2 Global Growth Trends
- 2.1 Global Voluntary Carbon Offsets Market Perspective (2017-2028)
- 2.2 Voluntary Carbon Offsets Growth Trends by Region
- 2.2.1 Voluntary Carbon Offsets Market Size by Region: 2017 VS 2021 VS 2028
- 2.2.2 Voluntary Carbon Offsets Historic Market Size by Region (2017-2022)
- 2.2.3 Voluntary Carbon Offsets Forecasted Market Size by Region (2023-2028)
- 2.3 Voluntary Carbon Offsets Market Dynamics
- 2.3.1 Voluntary Carbon Offsets Industry Trends
- 2.3.2 Voluntary Carbon Offsets Market Drivers
- 2.3.3 Voluntary Carbon Offsets Market Challenges
- 2.3.4 Voluntary Carbon Offsets Market Restraints
3 Competition Landscape by Key Players
- 3.1 Global Top Voluntary Carbon Offsets Players by Revenue
- 3.1.1 Global Top Voluntary Carbon Offsets Players by Revenue (2017-2022)
- 3.1.2 Global Voluntary Carbon Offsets Revenue Market Share by Players (2017-2022)
- 3.2 Global Voluntary Carbon Offsets Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
- 3.3 Players Covered: Ranking by Voluntary Carbon Offsets Revenue
- 3.4 Global Voluntary Carbon Offsets Market Concentration Ratio
- 3.4.1 Global Voluntary Carbon Offsets Market Concentration Ratio (CR5 and HHI)
- 3.4.2 Global Top 10 and Top 5 Companies by Voluntary Carbon Offsets Revenue in 2021
- 3.5 Voluntary Carbon Offsets Key Players Head office and Area Served
- 3.6 Key Players Voluntary Carbon Offsets Product Solution and Service
- 3.7 Date of Enter into Voluntary Carbon Offsets Market
- 3.8 Mergers & Acquisitions, Expansion Plans
4 Voluntary Carbon Offsets Breakdown Data by Type
- 4.1 Global Voluntary Carbon Offsets Historic Market Size by Type (2017-2022)
- 4.2 Global Voluntary Carbon Offsets Forecasted Market Size by Type (2023-2028)
5 Voluntary Carbon Offsets Breakdown Data by Application
- 5.1 Global Voluntary Carbon Offsets Historic Market Size by Application (2017-2022)
- 5.2 Global Voluntary Carbon Offsets Forecasted Market Size by Application (2023-2028)
6 North America
- 6.1 North America Voluntary Carbon Offsets Market Size (2017-2028)
- 6.2 North America Voluntary Carbon Offsets Market Size by Type
- 6.2.1 North America Voluntary Carbon Offsets Market Size by Type (2017-2022)
- 6.2.2 North America Voluntary Carbon Offsets Market Size by Type (2023-2028)
- 6.2.3 North America Voluntary Carbon Offsets Market Share by Type (2017-2028)
- 6.3 North America Voluntary Carbon Offsets Market Size by Application
- 6.3.1 North America Voluntary Carbon Offsets Market Size by Application (2017-2022)
- 6.3.2 North America Voluntary Carbon Offsets Market Size by Application (2023-2028)
- 6.3.3 North America Voluntary Carbon Offsets Market Share by Application (2017-2028)
- 6.4 North America Voluntary Carbon Offsets Market Size by Country
- 6.4.1 North America Voluntary Carbon Offsets Market Size by Country (2017-2022)
- 6.4.2 North America Voluntary Carbon Offsets Market Size by Country (2023-2028)
- 6.4.3 U.S.
- 6.4.4 Canada
7 Europe
- 7.1 Europe Voluntary Carbon Offsets Market Size (2017-2028)
- 7.2 Europe Voluntary Carbon Offsets Market Size by Type
- 7.2.1 Europe Voluntary Carbon Offsets Market Size by Type (2017-2022)
- 7.2.2 Europe Voluntary Carbon Offsets Market Size by Type (2023-2028)
- 7.2.3 Europe Voluntary Carbon Offsets Market Share by Type (2017-2028)
- 7.3 Europe Voluntary Carbon Offsets Market Size by Application
- 7.3.1 Europe Voluntary Carbon Offsets Market Size by Application (2017-2022)
- 7.3.2 Europe Voluntary Carbon Offsets Market Size by Application (2023-2028)
- 7.3.3 Europe Voluntary Carbon Offsets Market Share by Application (2017-2028)
- 7.4 Europe Voluntary Carbon Offsets Market Size by Country
- 7.4.1 Europe Voluntary Carbon Offsets Market Size by Country (2017-2022)
- 7.4.2 Europe Voluntary Carbon Offsets Market Size by Country (2023-2028)
- 7.4.3 Germany
- 7.4.4 France
- 7.4.5 U.K.
- 7.4.6 Italy
- 7.4.7 Russia
- 7.4.8 Nordic Countries
8 Asia-Pacific
- 8.1 Asia-Pacific Voluntary Carbon Offsets Market Size (2017-2028)
- 8.2 Asia-Pacific Voluntary Carbon Offsets Market Size by Type
- 8.2.1 Asia-Pacific Voluntary Carbon Offsets Market Size by Type (2017-2022)
- 8.2.2 Asia-Pacific Voluntary Carbon Offsets Market Size by Type (2023-2028)
- 8.2.3 Asia-Pacific Voluntary Carbon Offsets Market Share by Type (2017-2028)
- 8.3 Asia-Pacific Voluntary Carbon Offsets Market Size by Application
- 8.3.1 Asia-Pacific Voluntary Carbon Offsets Market Size by Application (2017-2022)
- 8.3.2 Asia-Pacific Voluntary Carbon Offsets Market Size by Application (2023-2028)
- 8.3.3 Asia-Pacific Voluntary Carbon Offsets Market Share by Application (2017-2028)
- 8.4 Asia-Pacific Voluntary Carbon Offsets Market Size by Region
- 8.4.1 Asia-Pacific Voluntary Carbon Offsets Market Size by Region (2017-2022)
- 8.4.2 Asia-Pacific Voluntary Carbon Offsets Market Size by Region (2023-2028)
- 8.4.3 China
- 8.4.4 Japan
- 8.4.5 South Korea
- 8.4.6 Southeast Asia
- 8.4.7 India
- 8.4.8 Australia
9 Latin America
- 9.1 Latin America Voluntary Carbon Offsets Market Size (2017-2028)
- 9.2 Latin America Voluntary Carbon Offsets Market Size by Type
- 9.2.1 Latin America Voluntary Carbon Offsets Market Size by Type (2017-2022)
- 9.2.2 Latin America Voluntary Carbon Offsets Market Size by Type (2023-2028)
- 9.2.3 Latin America Voluntary Carbon Offsets Market Share by Type (2017-2028)
- 9.3 Latin America Voluntary Carbon Offsets Market Size by Application
- 9.3.1 Latin America Voluntary Carbon Offsets Market Size by Application (2017-2022)
- 9.3.2 Latin America Voluntary Carbon Offsets Market Size by Application (2023-2028)
- 9.3.3 Latin America Voluntary Carbon Offsets Market Share by Application (2017-2028)
- 9.4 Latin America Voluntary Carbon Offsets Market Size by Country
- 9.4.1 Latin America Voluntary Carbon Offsets Market Size by Country (2017-2022)
- 9.4.2 Latin America Voluntary Carbon Offsets Market Size by Country (2023-2028)
- 9.4.3 Mexico
- 9.4.4 Brazil
10 Middle East & Africa
- 10.1 Middle East & Africa Voluntary Carbon Offsets Market Size (2017-2028)
- 10.2 Middle East & Africa Voluntary Carbon Offsets Market Size by Type
- 10.2.1 Middle East & Africa Voluntary Carbon Offsets Market Size by Type (2017-2022)
- 10.2.2 Middle East & Africa Voluntary Carbon Offsets Market Size by Type (2023-2028)
- 10.2.3 Middle East & Africa Voluntary Carbon Offsets Market Share by Type (2017-2028)
- 10.3 Middle East & Africa Voluntary Carbon Offsets Market Size by Application
- 10.3.1 Middle East & Africa Voluntary Carbon Offsets Market Size by Application (2017-2022)
- 10.3.2 Middle East & Africa Voluntary Carbon Offsets Market Size by Application (2023-2028)
- 10.3.3 Middle East & Africa Voluntary Carbon Offsets Market Share by Application (2017-2028)
- 10.4 Middle East & Africa Voluntary Carbon Offsets Market Size by Country
- 10.4.1 Middle East & Africa Voluntary Carbon Offsets Market Size by Country (2017-2022)
- 10.4.2 Middle East & Africa Voluntary Carbon Offsets Market Size by Country (2023-2028)
- 10.4.3 Turkey
- 10.4.4 Saudi Arabia
- 10.4.5 UAE
11 Key Players Profiles
- 11.1 South Pole Group
- 11.1.1 South Pole Group Company Details
- 11.1.2 South Pole Group Business Overview
- 11.1.3 South Pole Group Voluntary Carbon Offsets Introduction
- 11.1.4 South Pole Group Revenue in Voluntary Carbon Offsets Business (2017-2022)
- 11.1.5 South Pole Group Recent Developments
- 11.2 3Degrees
- 11.2.1 3Degrees Company Details
- 11.2.2 3Degrees Business Overview
- 11.2.3 3Degrees Voluntary Carbon Offsets Introduction
- 11.2.4 3Degrees Revenue in Voluntary Carbon Offsets Business (2017-2022)
- 11.2.5 3Degrees Recent Developments
- 11.3 EcoAct
- 11.3.1 EcoAct Company Details
- 11.3.2 EcoAct Business Overview
- 11.3.3 EcoAct Voluntary Carbon Offsets Introduction
- 11.3.4 EcoAct Revenue in Voluntary Carbon Offsets Business (2017-2022)
- 11.3.5 EcoAct Recent Developments
- 11.4 Terrapass
- 11.4.1 Terrapass Company Details
- 11.4.2 Terrapass Business Overview
- 11.4.3 Terrapass Voluntary Carbon Offsets Introduction
- 11.4.4 Terrapass Revenue in Voluntary Carbon Offsets Business (2017-2022)
- 11.4.5 Terrapass Recent Developments
- 11.5 Green Mountain Energy
- 11.5.1 Green Mountain Energy Company Details
- 11.5.2 Green Mountain Energy Business Overview
- 11.5.3 Green Mountain Energy Voluntary Carbon Offsets Introduction
- 11.5.4 Green Mountain Energy Revenue in Voluntary Carbon Offsets Business (2017-2022)
- 11.5.5 Green Mountain Energy Recent Developments
- 11.6 First Climate Markets AG
- 11.6.1 First Climate Markets AG Company Details
- 11.6.2 First Climate Markets AG Business Overview
- 11.6.3 First Climate Markets AG Voluntary Carbon Offsets Introduction
- 11.6.4 First Climate Markets AG Revenue in Voluntary Carbon Offsets Business (2017-2022)
- 11.6.5 First Climate Markets AG Recent Developments
- 11.7 ClimatePartner GmbH
- 11.7.1 ClimatePartner GmbH Company Details
- 11.7.2 ClimatePartner GmbH Business Overview
- 11.7.3 ClimatePartner GmbH Voluntary Carbon Offsets Introduction
- 11.7.4 ClimatePartner GmbH Revenue in Voluntary Carbon Offsets Business (2017-2022)
- 11.7.5 ClimatePartner GmbH Recent Developments
- 11.8 Aera Group
- 11.8.1 Aera Group Company Details
- 11.8.2 Aera Group Business Overview
- 11.8.3 Aera Group Voluntary Carbon Offsets Introduction
- 11.8.4 Aera Group Revenue in Voluntary Carbon Offsets Business (2017-2022)
- 11.8.5 Aera Group Recent Developments
- 11.9 Forliance
- 11.9.1 Forliance Company Details
- 11.9.2 Forliance Business Overview
- 11.9.3 Forliance Voluntary Carbon Offsets Introduction
- 11.9.4 Forliance Revenue in Voluntary Carbon Offsets Business (2017-2022)
- 11.9.5 Forliance Recent Developments
- 11.10 Element Markets
- 11.10.1 Element Markets Company Details
- 11.10.2 Element Markets Business Overview
- 11.10.3 Element Markets Voluntary Carbon Offsets Introduction
- 11.10.4 Element Markets Revenue in Voluntary Carbon Offsets Business (2017-2022)
- 11.10.5 Element Markets Recent Developments
- 11.11 Bluesource
- 11.11.1 Bluesource Company Details
- 11.11.2 Bluesource Business Overview
- 11.11.3 Bluesource Voluntary Carbon Offsets Introduction
- 11.11.4 Bluesource Revenue in Voluntary Carbon Offsets Business (2017-2022)
- 11.11.5 Bluesource Recent Developments
- 11.12 Allcot Group
- 11.12.1 Allcot Group Company Details
- 11.12.2 Allcot Group Business Overview
- 11.12.3 Allcot Group Voluntary Carbon Offsets Introduction
- 11.12.4 Allcot Group Revenue in Voluntary Carbon Offsets Business (2017-2022)
- 11.12.5 Allcot Group Recent Developments
- 11.13 Swiss Climate
- 11.13.1 Swiss Climate Company Details
- 11.13.2 Swiss Climate Business Overview
- 11.13.3 Swiss Climate Voluntary Carbon Offsets Introduction
- 11.13.4 Swiss Climate Revenue in Voluntary Carbon Offsets Business (2017-2022)
- 11.13.5 Swiss Climate Recent Developments
- 11.14 Schneider
- 11.14.1 Schneider Company Details
- 11.14.2 Schneider Business Overview
- 11.14.3 Schneider Voluntary Carbon Offsets Introduction
- 11.14.4 Schneider Revenue in Voluntary Carbon Offsets Business (2017-2022)
- 11.14.5 Schneider Recent Developments
- 11.15 NatureOffice GmbH
- 11.15.1 NatureOffice GmbH Company Details
- 11.15.2 NatureOffice GmbH Business Overview
- 11.15.3 NatureOffice GmbH Voluntary Carbon Offsets Introduction
- 11.15.4 NatureOffice GmbH Revenue in Voluntary Carbon Offsets Business (2017-2022)
- 11.15.5 NatureOffice GmbH Recent Developments
- 11.16 Planetly
- 11.16.1 Planetly Company Details
- 11.16.2 Planetly Business Overview
- 11.16.3 Planetly Voluntary Carbon Offsets Introduction
- 11.16.4 Planetly Revenue in Voluntary Carbon Offsets Business (2017-2022)
- 11.16.5 Planetly Recent Developments
- 11.17 GreenTrees
- 11.17.1 GreenTrees Company Details
- 11.17.2 GreenTrees Business Overview
- 11.17.3 GreenTrees Voluntary Carbon Offsets Introduction
- 11.17.4 GreenTrees Revenue in Voluntary Carbon Offsets Business (2017-2022)
- 11.17.5 GreenTrees Recent Developments
- 11.18 Bischoff & Ditze Energy GmbH
- 11.18.1 Bischoff & Ditze Energy GmbH Company Details
- 11.18.2 Bischoff & Ditze Energy GmbH Business Overview
- 11.18.3 Bischoff & Ditze Energy GmbH Voluntary Carbon Offsets Introduction
- 11.18.4 Bischoff & Ditze Energy GmbH Revenue in Voluntary Carbon Offsets Business (2017-2022)
- 11.18.5 Bischoff & Ditze Energy GmbH Recent Developments
- 11.19 NativeEnergy
- 11.19.1 NativeEnergy Company Details
- 11.19.2 NativeEnergy Business Overview
- 11.19.3 NativeEnergy Voluntary Carbon Offsets Introduction
- 11.19.4 NativeEnergy Revenue in Voluntary Carbon Offsets Business (2017-2022)
- 11.19.5 NativeEnergy Recent Developments
- 11.20 Carbon Credit Capital
- 11.20.1 Carbon Credit Capital Company Details
- 11.20.2 Carbon Credit Capital Business Overview
- 11.20.3 Carbon Credit Capital Voluntary Carbon Offsets Introduction
- 11.20.4 Carbon Credit Capital Revenue in Voluntary Carbon Offsets Business (2017-2022)
- 11.20.5 Carbon Credit Capital Recent Developments
- 11.21 UPM Umwelt-Projekt-Management GmbH
- 11.21.1 UPM Umwelt-Projekt-Management GmbH Company Details
- 11.21.2 UPM Umwelt-Projekt-Management GmbH Business Overview
- 11.21.3 UPM Umwelt-Projekt-Management GmbH Voluntary Carbon Offsets Introduction
- 11.21.4 UPM Umwelt-Projekt-Management GmbH Revenue in Voluntary Carbon Offsets Business (2017-2022)
- 11.21.5 UPM Umwelt-Projekt-Management GmbH Recent Developments
- 11.22 CBEEX
- 11.22.1 CBEEX Company Details
- 11.22.2 CBEEX Business Overview
- 11.22.3 CBEEX Voluntary Carbon Offsets Introduction
- 11.22.4 CBEEX Revenue in Voluntary Carbon Offsets Business (2017-2022)
- 11.22.5 CBEEX Recent Developments
- 11.23 Bioassets
- 11.23.1 Bioassets Company Details
- 11.23.2 Bioassets Business Overview
- 11.23.3 Bioassets Voluntary Carbon Offsets Introduction
- 11.23.4 Bioassets Revenue in Voluntary Carbon Offsets Business (2017-2022)
- 11.23.5 Bioassets Recent Developments
- 11.24 Biofilica
- 11.24.1 Biofilica Company Details
- 11.24.2 Biofilica Business Overview
- 11.24.3 Biofilica Voluntary Carbon Offsets Introduction
- 11.24.4 Biofilica Revenue in Voluntary Carbon Offsets Business (2017-2022)
- 11.24.5 Biofilica Recent Developments
12 Analyst's Viewpoints/Conclusions
13 Appendix
- 13.1 Research Methodology
- 13.1.1 Methodology/Research Approach
- 13.1.2 Data Source
- 13.2 Author Details
- 13.3 Disclaimer