Asia Pacific Voluntary Carbon Credit Market Outlook (2021-2027) | Size, Share, industry, Revenue, Forecast, Analysis, Outlook & COVID-19 IMPACT

Asia Pacific Voluntary Carbon Credit Market report comprehensively covers the market by types, project types, and by countries. Asia Pacific voluntary carbon credit market report provides an unbiased and detailed analysis of the ongoing trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Latest 2023 Development of the Asia Pacific Voluntary Carbon Credit Market

Asia Pacific Voluntary Carbon Credit Market is expected to proliferate in the upcoming years. The major trends in the market include the increasing interest in voluntary carbon offsetting from companies in the region. The emergence of new carbon offset standards and certification schemes in the Asia-Pacific region is another major development in this market. The Asia Pacific region has become an increasingly important player in the voluntary carbon credit industry owing to several growth factors such as an increased focus on sustainable development in the Asia Pacific region. In response to this, many companies are looking for ways to reduce their carbon footprint.

Many companies in the Asia Pacific region are shifting their emphasis on corporate social responsibility and sustainability. The Asia Pacific region is experiencing rapid growth in renewable energy, particularly in the areas of solar and wind power. Consequently, this growth is creating demand for voluntary carbon credits and propels the growth of the Asia Pacific Voluntary Carbon Credit Industry. 

Asia Pacific Voluntary Carbon Credit Market Synopsis

The Asia Pacific region is becoming a key focus for carbon offset project developers as the region has the highest potential in terms of generating carbon offsets. With large developing nations like India and China, the region is expected to show the highest growth in terms of carbon offset supply volume over the forecast period. However, the outbreak of the COVID-19 pandemic has resulted in a slowdown in projects, especially during 2020 and the market has recovered gradually over the next few years.

According to 6Wresearch, the Asia Pacific Voluntary Carbon Credit market is expected to grow at a CAGR of 47.87% during 2021-2027. India and China account for 31.8% of total active voluntary offsets projects, while Thailand and Vietnam account for 2.72% of total active voluntary offsets projects.

Market Analysis By Project Type

Renewable energy and forestry & land-use projects are growing at the highest rate in the region. Further, Carbon offset supply from the region was muted over the historic period and further witnessed a slump in the year 2020, due to lockdown measures imposed around the region. However, the region is expected to gain pace and account for more than one-fourth of the global annual carbon offset supply by 2025.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 6 Years Market Numbers.
• Estimated Data Starting from 2021 to 2027F.
• Base Year: 2021
• Forecast Data until 2027F.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Asia Pacific Carbon Credit Market Overview
• Asia Pacific Carbon Credit Market Outlook
• Asia Pacific Carbon Credit Market Forecast
• Historical Data and Forecast of Asia Pacific Carbon Credit Market Transaction Values, for the Period 2017-2027F
• Historical Data and Forecast of Asia Pacific Carbon Credit Market Values, for the Period 2017-2027F
• Historical Data and Forecast of Asia Pacific Carbon Credit Market, By Types, for the Period 2017-2027F
• Historical Data and Forecast of Asia Pacific Carbon Credit Market, By Project Types, for the Period 2017-2027F
• Historical Data and Forecast of Asia Pacific Carbon Credit Market, By Countries, for the Period 2017-2027F
• Impact Analysis of Covid-19
• Market Drivers, Restraints, and Trends
• Key Performance Indicators
• Industry Life Cycle & Porter’s Five Force Analysis
• Market Opportunity Assessment
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Types

• Voluntary
• Compliance

By Project Types

• Forestry & Land Use Project
• Transportation
• Industry
• Others

By Countries

• India
• China