Global Mitigation Banking Market

Mitigation Banking Market: Overview

According to Custom Market Insights (CMI), The Global Mitigation Banking Market  size was valued at USD 6.5 billion and is projected to account for around USD 16.1 billion by 2030. The estimated CAGR is approximately 14.7% between 2022 and 2030.

The report further provides an overview of drivers, restraints, and opportunities present in the mitigation banking market. Moreover, the report examines the global competitive analysis for the mitigation banking market.

The key purpose of the Global Mitigation Banking Market report is to deliver industry investors, company leaders, private equity companies, and stakeholders with comprehensive information facilitating them to make informed strategic decisions concerning the changes in the mitigation banking market throughout the world.

The Mitigation Banking system includes credits and debits created to safeguard ecological loss, particularly loss to wetlands or streams owing to numerous development works, which is compensated by preserving and restoring natural habitats, wetlands, and streams in other locations to avoid any net loss concerning the environment. These banks aim to conserve biodiversity, keep developers responsible, and reduce harmful effects as rapid industrialization may have an unavoidable environmental impact.

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Mitigation Banking Market: Growth Drivers

Governments across the world are taking initiatives regarding the degradation of the environment owing to rising awareness concerning environmental issues. This, in turn, is propelling the Mitigation Banking market. Increasing urbanization coupled with industrial development is resulting in the degradation of the environment. Mitigation banking offers provides credits to safeguard the environment.

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Mitigation Banking Market: Regional Analysis

Asia Pacific is estimated to notice a high CAGR growth during the projected period. The rapid urbanization coupled with an increase in mining activities is anticipated to accelerate the growth of the market. Moreover, the growth in the manufacturing sector of Asian economies along with infrastructural development supported by government initiatives is boosting the market.

Presently, the market is led by North America region, followed by Europe. The stringent regulation in developed economies of these regions has supported the growth of the market. North America is estimated to hold over 50% of the total market share in 2021, whereas Europe accounted for nearly 16% of the market share. The US Environment Protection Agency leads the mitigation activities in the country. Organizations across the country collaborate with mitigation bankers to comply with state government regulations. Also, the region is expected to witness considerable CAGR during 2022-2030.

Mitigation Banking Market: Recent Developments

• May 2022: A US-based investment firm, Vision Ridge Partners LLC, has sold a portfolio of Mitigation Banking assets in Southeast Texas.
• December 2021: The US Department of Agriculture awarded around US$ 5 million grant fund for the Wetland Mitigation Banking Program. The program is focused on mitigation banks’ development to create or improve wetlands for compensating unavoidable impacts to wetlands located in different areas.

Key Players:

• Wetland Studies and Solutions, Inc.
• Alafia River Wetland Mitigation Bank, Inc.
• The Mitigation Banking Group, Inc.
• Habitat Bank LLC
• The Loudermilk Companies

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The global Mitigation Banking market is segmented as follows:

By Type

• Wetland or Stream Banks
• Conservation Banks
• Forest Conservation

By Industry

• Construction & Mining
• Transportation
• Energy & Utilities
• Healthcare
• Manufacturing

On the basis of Geography

North America

• The U.S.
• Canada
• Mexico

Europe

• France
• The UK
• Spain
• Germany
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America

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