Sustainability Consulting Services Market Size (2024 - 2029)

Sustainability Consulting Services Market Analysis

The Sustainability Consulting Services Market size is estimated at USD 12.85 billion in 2024, and is expected to reach USD 26.03 billion by 2029, growing at a CAGR of 15.17% during the forecast period (2024-2029).

Strong economic growth in emerging sectors, the impact of electronic waste, tightening government regulations, and the increasing exploration for shale oil and gas are driving the sustainability consulting industry.

• The sustainability consulting services market is expected to continue to grow as companies strive to adapt to changing climate conditions, decrease greenhouse gas emissions, and meet global sustainability standards. Consulting firms, therefore, play an essential role in helping governments, businesses, and non-profit organizations develop strategies, implement sustainable practices, and deal with a complex climate-changing environment.
• The growing prevalence of sustainable financial policies and regulations forces companies to consider environmental and social aspects. This increased corporate responsibility has increased the demand for sustainability consulting services. Businesses seek expert advice to deal with evolving compliance frameworks, implement environmentally friendly practices, and adhere to ethical standards. As the complexity of sustainable finance increases, the need for expert advisors who can develop strategies and ensure compliance with evolving standards increases, driving the demand for sustainability consulting services worldwide.
• The rising pollution levels worldwide have increased the demand for environmental consulting services, such as environmental impact assessment and pollution prevention technology. For example, in China, the government's strict environmental regulations have increased the demand for environmental consulting services.
• However, the slow adoption of sustainability methods in various nations poses a problem for environmental consulting firms looking to promote sustainability. Organizations often lack the financial, technical, and human resources to prepare for complex and divisive issues like climate change adaptation. There are also many conflicting challenges that quickly become priorities. Therefore, organizations do not have sufficient resources to carry out comprehensive adaptation programs from design to implementation. Companies may need more resources and supporters for industry adaptation.
• Due to lockdowns, travel restrictions, and remote work, the COVID-19 pandemic impacted the sustainability consulting services business. Demand for services decreased, and sales also decreased. At the time, due to a lack of funds, cost-cutting measures were needed, such as reducing staff, reducing event participation fees, and reducing salaries. Meanwhile, in the post-COVID-19 scenario, the demand for the service accelerated due to the transition to a low-carbon economy, suggesting an increased need for sustainability consulting services in the future.

Sustainability Consulting Services Industry Segmentation

Sustainability consulting refers to organizations and companies working to create a sustainable world. There are many consulting teams that act as eco consultants, green consultants, environmental sustainability consultants, and environmental management consultants. Similar to business consultants, sustainability consultants are professionals specialized in assisting companies to become more environmentally responsible.

The sustainability consulting services market is segmented by service type (climate change consultancy services, green building consultancy services, ESG consultancy services, and other sustainability consultancy services), by end user (construction and real estate, energy and power, public sector, and other end users), and by geography (North America, Europe [United Kingdom, Germany, Benelux, Poland, France, Nordics, Rest of Europe], Asia-Pacific, Latin America, Middle East and Africa). The report offers market forecasts and size in value (USD) for all the above segments.