Share this article Share this article PUNE, India, Jan. 29, 2021 /PRNewswire/ -- According to a recent market study published by Growth Market Reports (GMR), titled, "Carbon Offset/Carbon Credit Trading Service Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast", the market was valued at USD 210.8 Million in 2019 and is expected to grow at a healthy growth rate of 19.9% by 2027. The global carbon offset/carbon credit trading service market is anticipated to grow owing to the increasing demand for carbon credits in developed nations.
The global carbon offset/carbon credit trading service market has been fragmented based on types, applications, and regions. Based on types, the market has been divided into industrial, household, energy industry, and others. On the basis of applications, the carbon offset/carbon credit trading service market has been segregated into REDD carbon offset, renewable energy, landfill methane projects, and others. In terms of regions, the global carbon offset/carbon credit trading service market has been categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). The North America region is further bifurcated into the US, and Canada. Latin America is split into Brazil, Mexico, and Rest of Latin America, Asia Pacific is classified as India, China, South Korea, Australia, Japan, South East Asia, and Rest of Asia Pacific. Europe is categorized into the UK, France, Germany, Italy, Spain, Russia, and Rest of Europe, and the MEA is further divided into Saudi Arabia, South Africa, UAE and Rest of Middle East & Africa.