According to the recent research report titled ‘Global Green Bond Market - Analysis By Type of Issuer, Sector, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2022-2027)’ available with MarketStudyReport, global green bond market generated revenues worth USD 433.30 billion in 2021 and is expected to showcase considerable growth through 2027.

The growth of global green bond market can be attributed to the rise in demand for renewable energy sources, growing emphasis on clean drinking water & hygienic lifestyle, high concerns regarding CO2 emissions, introduction of various forest protection drives, and rapid urbanization.

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For those unaware, green bonds are used to support green energy projects resources, clean transport, and long-term water quality management projects.

Countries aiming to boost renewable power can shift to using green bonds, which is already flooded with tools geared to ecologically responsible, climate-safe project funding. Renewable energy has grown to prominence as a major recipient of green bond proceeds, thus contributing towards the overall market remuneration.

The global green bond industry is segmented on the basis of type of issuer, by sector, and regional analysis. Based on the type of issuer, the market is segmented into development banks, financial corporate, non-financial corporate, government-backed entity, and others. The non-financial corporate segment is predicted to expand significantly during the forecast timeline.

By sector, global green bond market is categorized into building & industry, energy, transport, and multi-sector.

The regional analysis of this marketplace involves regions such as North America, Asia Pacific, Latin America, Europe, and the Middle East & Africa. Europe accounted for the maximum market share in 2021 and is predicted to showcase steady growth through the study period.

Meanwhile, Asia Pacific is poised to develop as the fastest-growing market till the forecast period, primarily due to appropriate investments in sustainability and a growing interest of public entities toward green bond issuance.

The competitive terrain of the global green bond business sphere defined by companies such as JPMorgan Chase & Co., Barclay’s plc, TD Securities, BNP Paribas S.A., Morgan Stanley, HSBC Holdings plc, Deutsche Bank AG, Crédit Agricole Group, Citigroup Inc., and BofA Securities Inc.