Mitigation Banking Market Size, Share, Growth Analysis Report By Type (Wetland or Stream Banks, Conservation Banks, Forest Conservation), By Industry (Construction & Mining, Transportation, Energy & Utilities, Healthcare, Manufacturing), and By Region - Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Wetland Studies and Solutions ,
- Alafia River Wetland Mitigation Bank
- Habitat Bank LLC
- Others
Reports Description
Robust steel demand is boosting the market
Our research report on 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 in the mitigation banking market. Moreover, the report examines the global competitive analysis for the mitigation banking market.
The essential 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.
Mitigation Banking Market: Overview
In Mitigation Banking, the mitigation bank protects, restores, creates, and improves wetland habitats. To compensate for inevitable wetland losses, the bank establishes credits. These mitigation credits should ensure in advance of development, where the compensation cannot be attained at the development site or the site is not environmentally profitable. Mitigation Banking aids in consolidating fragmented wetlands into large contiguous preserves with higher wildlife habitat values.
Mitigation Banking Market: COVID-19 Impact Analysis
With the rise in mitigation costs, several municipalities and local governments started developing mitigation solutions to fulfil internal demand from the impacts of development and create revenue opportunities via credit sales. Several public institutions were undergoing financial strain owing to the COVID-19 economic crisis. This impacted the market to a certain extent and the processes were slow. However, the market is set to grow at a steady pace after the ease of lockdown and revocation of restrictions.
Mitigation Banking Market: Growth Drivers
Need for preserving biodiversity
Rising concerns of the government for protecting and preserving biodiversity is the key factor supporting the growth of the Mitigation Banking market. Further, the provision of social, political, economic, and financial safeguards helps enhance the economy’s settlement power and earning potential. This results in attracting FDIs along with maintaining biodiversity in the country.
Governments across several countries continuously make efforts by launching several conservation laws and acts to offer mitigation banking services to various industries. Some of these include Clean Water Act and Endangered Species Act. Also, as per the Florida Association of Mitigation Bankers, the mitigation banks in Florida have witnessed considerable growth in the past few years, reflecting the overall market growth.
Manifold benefits for users of credits
Mitigation Banking offers several benefits to the user of credits or the buyers, such as cost reductions, single-stop permit compliance, and reduced wait time for permits. Single-stop permit compliance, for instance, includes long-term management, habitat protection, maintenance, as well as monitoring of the habitat.
Mitigation Banking Market: Segmentation Analysis
The mitigation banking market is segmented into type and industry in our research scope. By type, the wetland or stream banks segment is anticipated to hold the largest market share in 2021. The growth of this segment is attributed to government policies concerning the encouragement of mitigation banks. This helps regulatory authorities ensure developers buy wetland credits for measuring the accurate functional values of affected wetlands. Based on industry, construction & mining hold the largest share owing to rapid infrastructural developments across the globe.
The construction industry worldwide is witnessing growth. New constructions in developing economies are one of the key contributors to the mitigation banking market.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 6.5 Billion |
| Projected Market Size in 2030 | USD 16.1 Billion |
| CAGR Growth Rate | 14.7% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Wetland Studies and Solutions, Inc., Alafia River Wetland Mitigation Bank, Inc., The Mitigation Banking Group, Inc., Habitat Bank LLC, The Loudermilk Companies, and Others |
| Key Segment | By Type, Industry, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. Examine possible purchases |
Key Insights:
- As per the analysis shared by our research analyst, the Mitigation Banking market is estimated to grow annually at a CAGR of around 14.7% over the forecast period (2022-2030).
- In terms of revenue, the Mitigation Banking market size was valued at around USD 6.5 billion in 2021 and is projected to reach USD 16.1 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- Based on type segmentation, the wetland or stream banks segment was predicted to show the maximum market share in 2021.
- Based on industry segmentation, the construction & mining segment was the leading revenue-generating category in 2021.
- Based on region, the North America region was the leading revenue generator in 2021.
Recent Development
- May 2022: Vision Ridge Partners LLC, a US-based investment firm, 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.
Regional Landscape
In 2021, the North America region dominated the mitigation banking market. The high demand for banking mitigation solutions in the US drives the growth. Moreover, government policies and support in the country are helping the market to grow. Also, the region is expected to witness a steady CAGR during the forecast period. The mitigation banking market in the US is still growing, although it’s already a maturing market. The Clean Water Act was introduced in the 1970s, and it has been almost 15 years since the US Army Corps of Engineers studied that mitigation banks must be the first option for developers who require to mitigate adverse impacts in the US. The market for mitigation banks has begun to stabilize and is still growing.
Additionally, developing economies are also experiencing growth in the mitigation banking industry. Rising urbanization, along with rapid industrial development growth, is destroying natural and coastal resources and the environment. Further, industrial activities such as oil drilling, plastic production, and deforestation, among others, contribute to degrading air, water, and soil quality.
To address this issue, governments are introducing new penalties and taxes on various industries. Additionally, OECD supports member countries in developing environmental taxation systems. Such initiatives are pushing industries to opt for mitigation banking.
Competitive Landscape
The report offers a company analysis to give a 360-degree overview of the major players operating in the market. Moreover, the report also comprises vital strategic developments related to the market, including new service launches, acquisitions & mergers, agreements, collaborations & joint ventures, partnerships, research & development, and regional expansion of key player participants involved in the global mitigation banking market.
An in-depth investment analysis has been performed, providing forecast and prevailing opportunities for the market participants. The market report focuses on significant characteristics of the market that comprise historic data, present market revenues, PEST analysis, technological investments, and competitive analysis in the related industry.
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
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- 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
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Mitigation Banking Market, (2022 – 2030) (USD Billion)
- 2.2 Global Mitigation Banking Market: snapshot
- Chapter 3. Global Mitigation Banking Market – Industry Analysis
- 3.1 Mitigation Banking Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Government’s increased concerns about protecting and maintaining biodiversity
- 3.2.2 Driver 2
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Type
- 3.7.2 Market attractiveness analysis By Industry
- Chapter 4. Global Mitigation Banking Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Mitigation Banking Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Mitigation Banking Market – Type Analysis
- 5.1 Global Mitigation Banking Market overview: By Type
- 5.1.1 Global Mitigation Banking Market share, By Type, 2021 and 2030
- 5.2 Wetland or Stream Banks
- 5.2.1 Global Mitigation Banking Market by Wetland or Stream Banks, 2022 – 2030 (USD Billion)
- 5.3 Conservation Banks
- 5.3.1 Global Mitigation Banking Market by Conservation Banks, 2022 – 2030 (USD Billion)
- 5.4 Forest Conservation
- 5.4.1 Global Mitigation Banking Market by Forest Conservation, 2022 – 2030 (USD Billion)
- 5.1 Global Mitigation Banking Market overview: By Type
- Chapter 6. Global Mitigation Banking Market – Industry Analysis
- 6.1 Global Mitigation Banking Market overview: By Industry
- 6.1.1 Global Mitigation Banking Market share, By Industry, 2021 and 2030
- 6.2 Construction & Mining
- 6.2.1 Global Mitigation Banking Market by Construction & Mining, 2022 – 2030 (USD Billion)
- 6.3 Transportation
- 6.3.1 Global Mitigation Banking Market by Transportation, 2022 – 2030 (USD Billion)
- 6.4 Energy & Utilities
- 6.4.1 Global Mitigation Banking Market by Energy & Utilities, 2022 – 2030 (USD Billion)
- 6.5 Healthcare
- 6.5.1 Global Mitigation Banking Market by Healthcare, 2022 – 2030 (USD Billion)
- 6.6 Manufacturing
- 6.6.1 Global Mitigation Banking Market by Manufacturing, 2022 – 2030 (USD Billion)
- 6.1 Global Mitigation Banking Market overview: By Industry
- Chapter 7. Mitigation Banking Industry – Regional Analysis
- 7.1 Global Mitigation Banking Industry Regional Overview
- 7.2 Global Mitigation Banking Industry Share, by Region, 2021 & 2030 (USD Billion)
- 7.3. North America
- 7.3.1 North America Mitigation Banking Industry, 2022 – 2030 (USD Billiona)
- 7.3.1.1 North America Mitigation Banking Industry, by Country, 2022 – 2030 (USD Billion)
- 7.3.1 North America Mitigation Banking Industry, 2022 – 2030 (USD Billiona)
- 7.4 North America Mitigation Banking Industry, by Type, 2022 – 2030
- 7.4.1 North America Mitigation Banking Industry, by Type, 2022 – 2030 (USD Billion)
- 7.5 North America Mitigation Banking Industry, by Industry, 2022 – 2030
- 7.5.1 North America Mitigation Banking Industry, by Industry, 2022 – 2030 (USD Billion)
- 7.6. Europe
- 7.6.1 Europe Mitigation Banking Industry, 2022 – 2030 (USD Billion)
- 7.6.1.1 Europe Mitigation Banking Industry, by Country, 2022 – 2030 (USD Billion)
- 7.6.1 Europe Mitigation Banking Industry, 2022 – 2030 (USD Billion)
- 7.7 Europe Mitigation Banking Industry, by Type, 2022 – 2030
- 7.7.1 Europe Mitigation Banking Industry, by Type, 2022 – 2030 (USD Billion)
- 7.8 Europe Mitigation Banking Industry, by Industry, 2022 – 2030
- 7.8.1 Europe Mitigation Banking Industry, by Industry, 2022 – 2030 (USD Billion)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific Mitigation Banking Industry, 2022 – 2030 (USD Billion)
- 7.9.1.1 Asia Pacific Mitigation Banking Industry, by Country, 2022 – 2030 (USD Billion)
- 7.9.1 Asia Pacific Mitigation Banking Industry, 2022 – 2030 (USD Billion)
- 7.10 Asia Pacific Mitigation Banking Industry, by Type, 2022 – 2030
- 7.10.1 Asia Pacific Mitigation Banking Industry, by Type, 2022 – 2030 (USD Billion)
- 7.11 Asia Pacific Mitigation Banking Industry, by Industry, 2022 – 2030
- 7.11.1 Asia Pacific Mitigation Banking Industry, by Industry, 2022 – 2030 (USD Billion)
- 7.12. Latin America
- 7.12.1 Latin America Mitigation Banking Industry, 2022 – 2030 (USD Billion)
- 7.12.1.1 Latin America Mitigation Banking Industry, by Country, 2022 – 2030 (USD Billion)
- 7.12.1 Latin America Mitigation Banking Industry, 2022 – 2030 (USD Billion)
- 7.13 Latin America Mitigation Banking Industry, by Type, 2022 – 2030
- 7.13.1 Latin America Mitigation Banking Industry, by Type, 2022 – 2030 (USD Billion)
- 7.14 Latin America Mitigation Banking Industry, by Industry, 2022 – 2030
- 7.14.1 Latin America Mitigation Banking Industry, by Industry, 2022 – 2030 (USD Billion)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa Mitigation Banking Industry, 2022 – 2030 (USD Billion)
- 7.15.1.1 The Middle-East and Africa Mitigation Banking Industry, by Country, 2022 – 2030 (USD Billion)
- 7.15.1 The Middle-East and Africa Mitigation Banking Industry, 2022 – 2030 (USD Billion)
- 7.16 The Middle-East and Africa Mitigation Banking Industry, by Type, 2022 – 2030
- 7.16.1 The Middle-East and Africa Mitigation Banking Industry, by Type, 2022 – 2030 (USD Billion)
- 7.17 The Middle-East and Africa Mitigation Banking Industry, by Industry, 2022 – 2030
- 7.17.1 The Middle-East and Africa Mitigation Banking Industry, by Industry, 2022 – 2030 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 Wetland Studies and Solutions Inc.
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 Alafia River Wetland Mitigation Bank Inc.
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 The Mitigation Banking Group Inc.
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Habitat Bank LLC
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 The Loudermilk Companies
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.1 Wetland Studies and Solutions Inc.
List Of Figures
Figures No 1 to 22
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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List of the prominent players in the global mitigation banking market:
- Wetland Studies and Solutions Inc.
- THabitat Bank LLC
- Burns & McDonnell
- Mitigation Credit Services LLC
- EarthBalance
- Ecosystem Investment Partners (EIP)
- The Loudermilk Companies
- Weyerhaeuser
- WRA Inc. LLC
- theWetlandsbank Company (TWC)
- Alafia River Wetland Mitigation Bank Inc.
- Wildwood Environmental Credit Company
- The Mitigation Banking Group Inc.
- Great Ecology
- LJA Environmental Services Inc.
- Ecosystem Services LLC.
- Others
FAQs
“North America” region will lead the global mitigation banking market during the forecast period 2022 to 2030.
The key factor driving the market is the growing concerns of government for protecting and preserving biodiversity.
The key players operating in the mitigation banking market are Wetland Studies and Solutions, Inc., Alafia River Wetland Mitigation Bank, Inc., The Mitigation Banking Group, Inc., Habitat Bank LLC, The Loudermilk Companies, and Others.
The global mitigation banking market is expanding growth with a CAGR of approximately 14.7% during the forecast period (2022 to 2030).
The global mitigation banking market size was valued at US$ 6.5 billion in 2021 and it is projected to reach around US$ 16.1 billion by 2030.