Forestry Landuse Carbon Credit Market Size

Forestry & Landuse Carbon Credit Market size is expected to reach USD 67 billion by the end of 2036, growing at a CAGR of 14% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of forestry & landuse carbon credit was close to USD 23 billion. This growth of the revenue in the market is poised to be encouraged by the growing prevalence of deforestation. Grass deforestation in the world reached over 6 million hectares and the situation in tropical forests is set to be worse where Denmark-sized land has been lost. As a result, the demand for forestry & landuse carbon credit is predicted to rise.

Furthermore, strict regulations have been launched by regulatory bodies which is further influencing the organizations to understand their responsibility towards the environment and additionally boosting their desire to increase environmental credentials. They are achieving this by purchasing carbon credits hence displaying their commitment towards sustainability. Therefore, this element is also poised to encourage the market expansion for forestry & landuse carbon credit over the years to come.