FMI opines the blue carbon market was valued at USD 1.0 billion in 2025 and is expected to grow to USD 1.2 billion in 2026 and further reach USD 10.3 billion by 2036. Mangroves are projected to lead the Ecosystem Type segment with a 57% share in 2026, driven by their high carbon stock density and mature certification infrastructure, while carbon credits/offset procurement is estimated to dominate the application segment with a 62% share in 2026.