India Voluntary Carbon Credit Market (2025-2031) | Size, companies, Share, industry, Revenue, Analysis, Forecast & Trends

Name: India Voluntary Carbon Credit Market | Size & Share 2031
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Voluntary Carbon Credit Market, India Voluntary Carbon Credit Market Trends, India Voluntary Carbon Credit Market Outlook, India Voluntary Carbon Credit Market Forecast, India Voluntary Carbon Credit Market Size

Market Forecast By Types (Voluntary and Compliance), By Project Types (Forestry & Land Use Project, Transportation, Industry and Others), And Competitive Landscape.

Product Code: ETC072161	Publication Date: Feb 2023	Updated Date: Jan 2025	Product Type: Market Research Report
Publisher: 6Wresearch	No. of Pages: 80	No. of Figures: 14	No. of Tables: 8

India Voluntary Carbon Credit Market Highlights

Report Name	India Voluntary Carbon Credit Market
Forecast period	2025-2031
CAGR	9%
Growing Sector	Forestry & Land Use

Topics Covered in the India Voluntary Carbon Credit Market Report

The India Voluntary Carbon Credit Market report thoroughly covers the market by types and by project categories. The market report provides an unbiased and detailed analysis of the ongoing market 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.

India Voluntary Carbon Credit Market Synopsis

The India Voluntary Carbon Credit market is growing steadily, driven by the increasing demand for carbon neutrality and sustainable business practices. The market includes domains such as Forestry & Land Use projects, Transportation, Industry, and Others, facilitating carbon offset initiatives across various sectors. As India's economy continues to expand, carbon credits have become crucial for local and international businesses aiming for a sustainable future. With innovation and sustainability at the forefront, the sector is poised for significant growth in the coming years.

According to 6Wresearch, the India Voluntary Carbon Credit Market revenue is projected to grow at a substantial CAGR of 9% during the forecast period 2025-2031. The Voluntary Carbon Credit market in India is expanding due to increasing demand across various sectors, propelled by the need for carbon offset, sustainable business practices, and compliance with environmental regulations. Advancements in carbon credit projects and the rising preference for sustainable options are fueling this growth. As different sectors seek carbon offset solutions, the market is seeing a steady increase in demand for various types of carbon credits. This trend highlights the critical role of ongoing innovation to meet the evolving needs of diverse sectors, further boosting the India Voluntary Carbon Market growth. Despite the promising outlook, the market faces challenges such as the high cost of carbon credit projects and lack of awareness about the importance and benefits of carbon credits. However, with the growing need for environmental sustainability, and government initiatives promoting green economic transformation, there are ample growth opportunities for players in this market.

India Voluntary Carbon Credit Market Trends

The voluntary carbon credit market in India is experiencing notable growth; driven by green transformation initiatives, increased remote working trends, and evolving business needs. Companies are demanding carbon offset solutions that balance profitability with sustainability, particularly in urban business centers. This includes a preference for projects that enable carbon offset across different locations, reflecting a growing interest in sustainability and quality over traditional business methods.

Investment Opportunities in the India Voluntary Carbon Credit Market

Forestry & Land Use Projects and Compliance-based Solutions: The rise of carbon neutrality and sustainable initiatives present significant growth opportunities. Investing in Forestry & Land Use projects and compliance-based carbon credit solutions can cater to the growing demand from environmentally conscious enterprises.
Local and Regional Carbon Credit Providers: India's evolving green economy is witnessing increased interest in localized solutions. Investing in regional carbon credit providers that cater to specific industry needs can resonate with corporate and government sectors.

Leading Players of the India Voluntary Carbon Credit Market

In the India voluntary carbon credit market, leading players include both international and regional companies that cater to diverse business needs. These providers appeal to businesses seeking reliable, cost-effective, and sustainable business solutions. Some of the key players in this market include TerraPass, Carbonfund.org Foundation, First Environment Inc., and ClimateCare. Other notable players include ClearBlue Markets, EcoSecurities Group plc, and APX Inc.

Government Regulations in the India Voluntary Carbon Credit Market

The Indian government has introduced regulations aimed at promoting carbon neutrality and sustainability within the voluntary carbon credit market. These include guidelines for sustainable business practices, encouraging businesses to adopt carbon offset initiatives. The government is also promoting green economic transformation, providing ample opportunities for businesses in this market. Additionally, the government has also launched several initiatives to create awareness about the benefits of carbon credits and their role in achieving a sustainable future.

Future Insights of the India Voluntary Carbon Credit Market

The future of India's voluntary carbon credit industry looks promising, with continued growth driven by increased adoption of green transformation initiatives, remote work culture, and sustainable business practices. Businesses and institutions are focusing on carbon offset solutions, creating opportunities for companies that align with these demands. Forestry & Land Use projects will play a significant role in shaping the market, with carbon neutral initiatives expected to expand. Moreover, with the government's support and initiatives, the India voluntary carbon credit market is poised for significant growth in the coming years.

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories

Voluntary to Dominate the Market - By Type

According to Ravi Bhandari, Research Head, 6Wresearch, Voluntary carbon credits are projected to dominate due to their flexible mechanisms and broad acceptance. However, Compliance credits are also gaining traction due to the stringent environmental regulations.

Forestry & Land Use to Dominate the Market - By Project Type

In India's voluntary carbon credit market, Forestry & Land Use projects dominate. This is due to their extensive potential for carbon sequestration and the increasing awareness of their environmental benefits. However, Renewable Energy projects are also expected to witness significant growth due to the government's focus on promoting clean energy sources.

Key Attractiveness of the Report

10 Years of Market Numbers.
Historical Data Starting from 2021 to 2024
Base Year: 2024
Forecast Data until 2031.
Key Performance Indicators Impacting the market.
Major Upcoming Developments and Projects.

Key Highlights of the Report:

India Voluntary Carbon Credit Market Overview
India Voluntary Carbon Credit Market Outlook
India Voluntary Carbon Credit Market Forecast
Historical Data and Forecast of India Voluntary Carbon Credit Market Transaction Values, for the Period 2021-2031.
Historical Data and Forecast of India Voluntary Carbon Credit Market Values, for the Period 2021-2031.
Historical Data and Forecast of India Carbon Credit Market, By Types, for the Period 2021-2031.
Historical Data and Forecast of India Carbon Credit Market, By Project Types, for the Period 2021-2031.
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