Voluntary Agriculture Carbon Credit Market Size & Share 2025 - 2034

Voluntary Agriculture Carbon Credit Market Size

According to a recent study by Global Market Insights Inc., the global voluntary agriculture carbon credit market was estimated at USD 36.1 million in 2024. The market is expected to grow from USD 53.8 million in 2025 to USD 648.3 million in 2034, at a CAGR of 31.9%.

• The surge in corporate net-zero pledges has significantly influenced the agriculture carbon credit market. As companies seek to offset their Scope 3 emissions, those generated indirectly through their supply chains, they are increasingly turning to agriculture-based carbon credits, thereby adding to the market growth.
   
• These credits offer a tangible way to demonstrate environmental responsibility while supporting sustainable farming practices. The shift from ad-hoc carbon offset purchases to integrated sustainability financing has embedded carbon credits into corporate capital allocation strategies.
   
• For instance, in September 2025, in California, U.S., the government extended its state’s cap-and-trade program until 1 January 2046 and renamed it as “Cap-and-Invest. The bill changes offset limits from the current 4% of compliance obligations (2021-2025) to 6% from 2026 through 2045. This in turn will increase the trading of offsets for various industries including agriculture, thereby adding to market growth.
   
• This evolution is not only increasing demand but also encouraging the development of high-integrity agricultural projects that meet rigorous verification standards. Farmers are now being seen as key contributors to corporate climate goals, with carbon in sets becoming a preferred mechanism for internal supply chain decarbonization.
   
• Rapid emergence of verified company-led agricultural carbon projects is further creating growth opportunities for the market. Private sector initiatives are increasingly shaping the agricultural carbon credit landscape. Companies are not only purchasing credits but also developing and managing their own carbon credit programs.
   
• For instance, in the U.S., as per Michigan Farm Bureau, over 6,200 companies globally are transitioning their voluntary climate pledges into financial obligations for carbon credit purchases. These initiatives often focus on regenerative agriculture, methane reduction, and soil carbon sequestration.
   
• The emphasis on verified, high-quality credits is helping to standardize practices and build trust among buyers and sellers. By integrating digital tools and third-party verification, companies ensure transparency and traceability, which are essential for market credibility. These programs also provide farmers with streamlined enrollment processes and dependable revenue streams, making participation more attractive.
   
• For instance, AgriCapture, a Tennessee-based company, sold 14,000 verified carbon credits in 2025 from its U.S. Rice Methane Project. The credits were generated through regenerative rice farming practices and verified by third-party standards. In addition, the company also partnered with John Deere to automate farmer enrollment via API integration, simplifying access to carbon markets for producers.
   

Voluntary Agriculture Carbon Credit Market Trends

• Favorable government investment against smart climate agriculture along with rising concern towards carbon farming is catering to market growth. Governments are investing heavily in climate-smart agriculture through funding programs, technical assistance, and policy frameworks. These initiatives aim to reduce greenhouse gas emissions, improve soil health, and enhance resilience to climate change.
   
• For instance, in October 2024, the USDA announced up to USD 7.7 billion in funding for climate-smart practices on agricultural lands for fiscal year 2025. This includes USD 5.7 billion from the Inflation Reduction Act and USD 2 billion from the Farm Bill. The funding supports programs like EQIP, CSP, ACEP, and RCPP, which help farmers implement conservation practices that generate carbon credits.
   
• By subsidizing conservation practices such as cover cropping, nutrient management, and prescribed grazing, governments are enabling farmers to participate in carbon markets without bearing the full financial burden. This support also helps standardize practices and ensures that carbon credits generated are scientifically validated and environmentally beneficial.
   
• Standardization of verification and certification for agricultural carbon credits along with adoption of digital MRV systems enhancing transparency and scalability is complementing the industry scenario. The credibility of agricultural carbon credits hinges on robust verification and certification standards. As the market matures, regulatory bodies and institutions are establishing frameworks to quantify, report, and verify greenhouse gas reductions from farming practices.
   
• For instance, in September 2025, Boomitra’s carbon farming project in India achieves verra registration, expanding impact in key agricultural regions. The project is implemented in collaboration with more than 30 local partners, who work across the agricultural value chain. In addition, this also facilitate participation in compliance markets and clean fuel programs.
   
• The development of digital tools including carbon intensity calculators and blockchain-based MRV systems, is streamlining the verification process and reducing costs. This standardization is critical for scaling the market and attracting institutional investors, which in turn will create a favorable market scenario over the forecast timeline.
   
• For instance, in January 2025, the USDA published an interim rule establishing technical guidelines for climate-smart agriculture crops used as biofuel feedstocks. The rule includes quantification, chain-of-custody, and verification standards for practices like no-till farming and nutrient management. It also introduced the USDA Feedstock Carbon Intensity Calculator to support standardized reporting.
   

Voluntary Agriculture Carbon Credit Market Analysis

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• The global market for voluntary agriculture carbon credit was marked valued at USD 91.4 million, USD 84.9 million and USD 36.1 million in the year 2022, 2023, and 2024. The industry is dynamic in nature and favoring initiative and private & public investment against development of sustainable carbon removal in agri-business caters to the industry growth.
   
• In addition, the integration of digital Monitoring, Reporting, and Verification (MRV) systems is revolutionizing the agriculture carbon credit market. These systems enable real-time data collection, automated reporting, and streamlined verification processes, significantly reducing the time and cost associated with traditional MRV methods.
   
• For instance, the AgMRV platform, developed by the CGIAR Research Program on Climate Change, Agriculture and Food Security (CCAFS), provides tools and case studies for MRV in agriculture. It supports soil, rice, and livestock systems and aligns with UNFCCC frameworks, helping countries and producers quantify and verify GHG reductions.
   
• Increasing steps to leverage satellite imagery, IoT sensors, and blockchain-based recordkeeping, is resulting in digital MRV platforms to ensure data integrity and traceability. This technological shift is particularly beneficial for small and medium-sized farms, which previously faced barriers to entry due to high verification costs. As digital MRV becomes more accessible, it is democratizing participation in carbon markets and enhancing the credibility of agricultural carbon credits.
   
• A growing trend in the voluntary agriculture carbon credit market is the stacking of multiple ecosystem service credits, including carbon, biodiversity, and water quality on the same parcel of land. This approach allows landowners to generate diversified revenue streams while maximizing environmental benefits. Stacking encourages holistic land management practices that improve soil health, restore habitats, and enhance water retention.
   
• For instance, the Environmental Policy Innovation Center (EPIC) published a 2024 analysis on stacking and bundling in biodiversity credit markets. It highlights how restored land can simultaneously generate biodiversity and carbon credits, with emerging frameworks in the U.S. and U.K. allowing for multi-credit transactions under strict verification protocols.
   
• Farmer cooperatives are playing a pivotal role in aggregating carbon credits from small-scale producers. By pooling resources and standardizing practices, cooperatives enable farmers to overcome barriers including limited scale, technical capacity, and market access. These organizations also serve as intermediaries in carbon trading, negotiating better prices and ensuring compliance with verification standards.
   
• For instance, in September 2025, Boomitra was selected under the government of Singapore’s competitive Request for Proposal (RFP) to supply high-quality, correspondingly adjusted (CA) carbon credits from nature-based solutions for use towards Singapore’s Nationally Determined Contribution (NDC) under Article 6. The agreement include delivering 625,000 soil carbon credits with delivery scheduled from 2026 through 2031. 
   
• Carbon credits are increasingly being embedded into agricultural supply chains as part of broader sustainability and Scope 3 emissions reduction strategies. Food and agribusiness companies are incentivizing farmers to adopt climate-smart practices and generate insets carbon reductions within their own supply chains. This integration aligns environmental goals with procurement strategies, enabling companies to meet regulatory requirements and consumer expectations.
   
• For instance, the 2025 Carbon accounting in agricultural supply chains summit brought together stakeholders from Bayer, Nestlé, and Mars PetCare to discuss carbon in setting and traceable low-carbon data. The summit emphasized the role of MRV tools in integrating carbon credits into supply chains and securing Scope 3 compliance.

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• Based on project type, the voluntary agriculture carbon credit market is segmented into manure methane digester, rice emission reduction, sustainable agriculture, improved irrigation management, and others. The manure methane digester projects across the globe held a market share of 79.6% in 2024 and will grow at a CAGR of 30.6% by 2034.
   
• Shift toward Renewable Natural Gas (RNG) production along with increasing integration with nutrient recovery & codigestion are the major factors influencing growth for the manure methane digestor projects across the globe. This shift is driven by higher market incentives under programs like California’s Low Carbon Fuel Standard (LCFS), which reward methane capture and conversion into transportation fuel.
   
• For instance, in September 2025, Tesco announced that it has added 42 new IVECO S-Way Natural Gas trucks to its fleet in Livingston, Scotland, to help it reach its goal to be carbon neutral across its own operations by 2035. This in turn will increase the demand for RNG in the country, thereby adding to the industry growth for carbon offsets programs across agriculture.
   
• Advanced digesters are now incorporating nutrient recovery systems and codigestion of food waste to enhance biogas yields. These innovations not only improve environmental outcomes but also create additional revenue streams through tipping fees and sale of nutrient-rich fertilizers. Such diversification strengthens the financial viability of digester projects.
   
• For instance, in March 2025, the government of India introduced the revised rate for the nutrient-based subsidy scheme. In addition, the One Nation One Fertilizer scheme was introduced to bring uniformity in branding and ensure transparency in the Fertilizer sector. It focuses on using a single brand name called 'Bharat' for all subsidized fertilizers across the country for nutrient recovery.
   
• Rice emission reduction projects will grow at a rate of 37.8% by 2034, driven by adoption of alternate wetting & drying (AWD) practice combined with expansion of verified carbon credit programs. By introducing drainage periods during the growing season, farmers significantly reduce methane emissions from flooded fields.
   
• For instance, AgriCapture’s U.S. rice methane reduction project issued its third round of credits in 2024, totaling over 47,000 verified credits. The project uses AWD and furrow irrigation and is rated “A” by Be Zero Carbon, placing it among the top 10% of global agriculture projects.
   
• Rice projects are combining AWD with sustainable practices such as furrow irrigation and efficient fertilizer use. These integrated approaches enhance soil carbon sequestration and reduce nitrous oxide emissions, broadening the scope of carbon credit generation beyond methane alone.
   
• Sustainable agriculture industry will grow by 39% through 2034. Sustainable agriculture projects are now stacking carbon credits with biodiversity and water quality credits. This multi-benefit approach aligns with ecosystem service markets and enhances the overall environmental impact of farming practices.
   

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• U.S. dominated the voluntary agriculture carbon credit market in North America and generated USD 6.9 million in revenue in 2024. In the U.S., corporate climate commitments are transforming carbon credits from optional offsets into strategic financial instruments. Companies are embedding carbon credits into capital allocation and sustainability-linked loans, especially for Scope 3 emissions. This shift is increasing demand for agriculture-based credits, particularly those aligned with core carbon principles.
   
• In June 2025, Agoro Carbon secured a 12-Year agreement to deliver USD 2.6 million soil carbon removal credits to Microsoft. The investment will be utilized to scale sustainable agriculture, reflecting corporate demand for durable, science-backed soil carbon removals. The credits will be generated from Agoro Carbon’s U.S. crop and rangeland projects, developed under Verra’s VM0042 Improved Agricultural Land Management methodology.
   
• Europe voluntary agriculture carbon credit market will reach USD 163 million by 2034, driven by regulatory reforms under EU ETS and Fit for 55 along with surge in voluntary market participation by corporates & investments. The EU Emissions Trading System (ETS) and the Fit for 55 package mandate aggressive emissions reductions, creating compliance-driven demand for carbon credits, including those from agriculture.
   
• For instance, in August 2025, the government of Germany announced under its 2026 Federal budget to invest over USD 476 million directly CO2 removal technologies over the next eight years, including through the procurement of Carbon Removal certificates traded in voluntary markets. This in turn will create a favorable scenario for the market growth across the country. 
   
• Asia Pacific voluntary agriculture carbon credit market will grow at a rate of 24% by 2034. The regional growth is spurred by the dominating agricultural sectors across various economies including China, India, Indonesia, Vietnam, among others. In addition, governments are integrating ecosystem services like soil carbon and water retention into national planning, elevating the role of agriculture in climate finance.
   
• For instance, in September 2025, the Kerala state agriculture department, India announced a plan to roll out micro-irrigation schemes of over USD 12 million to address irrigation issues faced by the farmers across the state. The same will adopt micro water conservation methods that will significantly aid in addressing the irrigation needs.
   
• Various promising agricultural carbon initiatives remain at the pilot stage due to structural financing gaps. For instance, the Asian Development Bank’s 2025 climate report revealed that 75% of GDP in the region is tied to nature, prompting countries to embed agriculture into climate and economic strategies.
   
• Countries in Latin America and Africa are leveraging Article 6 of the Paris Agreement to finance agriculture-based mitigation. Bilateral agreements enabling the transfer of mitigation outcomes from soil and livestock projects. In addition, UNEP and its regional offices are supporting capacity building for agricultural carbon credit development, focusing on MRV systems, policy frameworks, and stakeholder engagement.
   

Voluntary Agriculture Carbon Credit Market Share

• The top 5 companies in Voluntary Agriculture carbon credit industry including Indigo Ag, Agreena, Agoro Carbon Alliance, Boomitra, and GreenCollar held over 35% market share in the year 2024.  Boomitra stands out for its satellite-based MRV technology and focus on smallholder farmers in India and Africa. Winner of the Earthshot Prize, it enables scalable, low-cost carbon credit generation without hardware.
   
• Nori offers a transparent, blockchain-based marketplace for agriculture carbon credits, emphasizing traceability and farmer empowerment. With 125,000 credits issued and a strong pipeline, Nori’s innovative approach appeals to tech-savvy buyers. Its focus on U.S. croplands and direct farmer payments fosters trust and positions it as a disruptor in the voluntary carbon space.
   

Voluntary Agriculture Carbon Credit Market Companies

Major players operating in the voluntary agriculture carbon credit industry are:

• AgriCapture
• Agoro Carbon Alliance
• Agreena
• Boomitra
• Carbon Asset Solutions
• CarbonSink
• CIBO Technologies
• Climate Action Reserve
• Cultivo
• eAgronom
• EverCarbon
• Green Carbon Inc.
• GreenCollar
• Indigo Ag
• Landbanking Group
• Loam Bio
• Nori
• Pachama
• South Pole
• TerraCarbon
• Varaha ClimateAg Private Limited
   
• Indigo Ag, headquartered in the U.S., with an estimated revenue of over 190 million has its large-scale U.S. operations, covering over 5 million acres. Its science-backed MRV system and partnerships with JPMorgan and Barclays enhance credibility. Indigo’s ability to generate high-quality credits and pay farmers promptly has positioned it as a trusted pioneer in soil carbon sequestration.
   
• Agreena, headquartered in Denmark has over 4.5 million hectares enrolled across 20 countries. Its strong farmer network and alignment with EU sustainability goals make it a key player. Agreena’s digital platform simplifies credit generation, and its rapid expansion reflects growing demand for regenerative agriculture.
   
• Agoro Carbon Alliance has quickly scaled to 2.5 million acres in the U.S. Its farmer-first approach, robust agronomic support, and transparent payments build trust. The company’s emphasis on soil health and long-term sustainability aligns with corporate ESG goals, making it a preferred partner for carbon offset buyers.
   

Voluntary Agriculture Carbon Credit Market News

• In October 2025, Green Carbon Inc. entered a capital and business alliance with SKY Perfect JSAT Holdings Inc. to improve the reliability of carbon credits through the utilization of satellite data. The two companies will promote collaboration aimed at expanding their businesses in the carbon credit field and contributing to the resolution of global issues.
   
• In October 2025, Varaha ClimateAg Private Limited announced the issuance of its first Enhanced Rock Weathering (ERW) credits under the Puro.earth registry. This is the first-ever ERW credit issuance in Asia and the third globally and has positioned India and its smallholder farmers at the forefront of global carbon removal innovation.
   
• In September 2025, AgreenaCarbon Project reached a milestone by becoming the first large-scale arable farming initiative verified under Verra’s Verified Carbon Standard (VCS) VM0042.  It provided verified, traceable, and compliance-ready credits supported by measurable, field-level data. By issuing 2.3 million Verified Carbon Units (VCUs), the project enabled farmers and corporates to drive real climate action and align with global sustainability goals.
   

This voluntary agriculture carbon credit market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) & volume (Million Credit) from 2025 to 2034, for the following segments:

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Market, By Project Type

• Manure methane digester
• Rice emission reduction
• Sustainable agriculture
• Improved irrigation management
• Others

The above information has been provided for the following regions & countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • Switzerland
  • Netherlands
• Asia Pacific
  • China
  • Japan
  • India
  • Taiwan
• Rest of World