While tropical forests are undergoing rapid transformation as a result of direct human impacts, many deforested areas are reverting to forest through natural or human-assisted regeneration. This situation provides a window of opportunity to implement forest management strategies to achieve environmental objectives while promoting social development and contributing to local livelihoods. Successful forest management policy, however, depends on how well we can appraise environmental consequences as well as on the value of ecosystem services that these regrowing forests provide. Here, we review the published literature to synthesize the ecosystem services provided by three types of forest transitions: naturally-regenerated secondary forests, agroforestry systems, and tree plantations, in the coastal, Andean, and Amazonian regions of Peru. We then discuss the potential of these regrowing forests as naturebased solutions that can help in the adoption of policies that promote their sustainable use and conservation. Our literature analysis reveals that forest transitions provide significant services in offsetting carbon emissions, providing habitats for biodiversity, and regulating hydrological services. However, the amount and importance of ecosystem services vary depending on the forest transition type. Secondary forests offer multiple services, representing a low-cost, immediate, and highly effective strategy in mitigating the climate and biodiversity crises and ultimately providing vital ecosystem services to society, such as water provision. In contrast, exotic tree plantations have negative effects on water regulation services. We highlight the potential of secondary forests for land management that supports multiple and integrated environmental initiatives. This framework can guide policy decisions to choose appropriate options on forest transition types most suitable to achieve specific end goals at local and regional scales, considering both ecosystem services and disservices to avoid trade-offs in which the achievement of one goal is detrimental to another.