What is the Market Outlook for Agriculture Carbon Sequestration?
According to BIS Research, the agriculture carbon sequestration market was valued at $155.0 million in 2023 and is projected to grow at a CAGR of 17.74%, reaching $912.9 million by 2034. This surge is propelled by increasing global efforts to combat climate change, improve soil health, and drive sustainable farming practices.
What is Agriculture Carbon Sequestration?
Agriculture carbon sequestration refers to the practice of capturing atmospheric carbon dioxide and storing it in soil, biomass, and vegetation. Through techniques like cover cropping, no-till farming, agroforestry, and biochar application, carbon is locked into the soil, enhancing fertility and mitigating greenhouse gas emissions.
How is the Market Segmented?
By Application:
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Crop Farming (Dominant Segment)
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Livestock Farming
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Forestry
Crop farming leads due to widespread adoption of regenerative practices and financial incentives tied to carbon credits.
By Type:
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Natural-Based Solutions (Dominant Segment)
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Technology-Based Solutions
Natural-based solutions are preferred for their eco-friendliness, cost-efficiency, and support from both governments and corporations.
By Region:
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North America (Largest Share – 38.33% in 2023)
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Europe
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Asia-Pacific
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Rest-of-the-World
North America’s dominance stems from favorable government initiatives and technological advancements in precision agriculture.
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What’s Driving Market Growth?
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Government Incentives: Policies like the USDA's Climate-Smart Agriculture and the EU’s CAP Eco-Schemes are promoting adoption through financial rewards and sustainability mandates.
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Technological Advancements: Integration of satellite imagery, soil sensors, AI, and blockchain-based MRV systems enables data-driven decisions and accurate carbon tracking.
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Rising Demand for Carbon Credits: Businesses are increasingly investing in carbon credit markets to meet net-zero targets, driving the need for verifiable carbon sequestration.
What Are the Market Challenges?
The lack of standardization in carbon credit verification and pricing is a key restraint. Industry players are calling for globally recognized frameworks to ensure transparency and trust in carbon markets, especially for agricultural stakeholders.
Who Are the Key Players?
Prominent companies in the agriculture carbon sequestration ecosystem include:
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Indigo Agriculture
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Soil Capital
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Yara
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BASF
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Corteva Agriscience
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Cool Farm Alliance
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Carboculture
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Charm Industrial
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Syngenta
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Carbon8 Systems
These firms are investing in strategic partnerships, MRV solutions, and pilot projects to expand their market footprint.
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What Are the Latest Industry Developments?
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Silva Capital launched a $250M reforestation and agri-carbon fund backed by BHP, Rio Tinto, and Qantas.
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CinSOIL introduced AI-powered carbon tracking software for soil health.
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Indigo Ag completed its third successful large-scale carbon harvest with over 163,000 credits generated.
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CANZA initiated a carbon sequestration pilot in Canada targeting a 150-megaton CO₂ reduction by 2050.
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