Sustainability Consulting Market: Current Analysis and Forecast (2022-2028)
$4999 – $8699
Emphasis on Product Type (Strategy and Planning, Technical Support, Testing_ Auditing & Verification, Sustainability Marketing); Application (Chemicals, Building & Construction, Agriculture, Food & Beverage, Mining, Oil & Gas, Others); and Region/Country
The global sustainability consulting market is expected to witness a CAGR of around 5% during the forecast period (2022–2028). As the market is anticipated to witness owing to increase in investments in smart cities, global collaboration for environmental protection, and sustainable development. Major companies in the market offer sustainability consulting for energy & power applications with technologically advanced features. For instance, in April 2021, McKinsey & Company launched their McKinsey Sustainability, the new client-service platform with the goal of helping all industry sectors transform to get to net zero by 2050 and to cut carbon emissions by half by 2030.
In addition, major players such as McKinsey & Company, EY, KPMG, Bain & Company, Deloitte, Boston Consulting Group, PA Consulting Group (Jacobs), Accenture, Tata Consultancy Services (Blue Monitor Systems), DuPont Sustainable Solutions
Sustainability consulting can be referred to as any organization or firm who are working towards a sustainable world. They are many consulting teams working as green consultants, eco consultants, environmental management consultants, and environmental sustainability consultants. Also, like management consultants, sustainability consultants are consultants and professionals who specialize in helping businesses take greater responsibility for the environment. Moreover, the sustainability consulting market is driven by strong economic growth in emerging markets, the impact of e-waste, increasing government regulation, and the rise of shale oil and shale gas exploration.
Insights Presented in the Report
“Amongst product type, testing, auditing, and verification category to hold a significant share in the market”
Based on product type, the market is fragmented into strategy and planning, technical support, testing_ auditing & verification, and sustainability marketing. During the forecast period, the testing_auditing & verification segment are expected to grow at a significant CAGR. This is mainly due to the investment assessment and auditing which is the first step. Also, with the rise in demand for environmental consulting services, this segment is likely to perform exceptionally well in the coming years. Hence, many activities such as CSR audits, Carbon footprint verification, Carbon neutral organization, and EPEAT & Green electronics are some of the testing, auditing, and verification sustainability for growth and excellence in the area.
“Amongst application, oil & gas to hold a significant share in the market”
Based on application, the market is fragmented into chemicals, building & construction, agriculture, food & beverage, mining, oil & gas, and others. In 2020, the oil & gas segment is expected to grow with a considerable CAGR during the forecast period. As it is the most capital-intensive industry, it is highly needed to protect health security. Additionally, awareness of the environmental hazards of industrialization permeates every industry. Also, major key players are focused on understanding current and future environmental impacts to make informed water and waste management investment decisions. Moreover, sustainability consulting makes it easier to accurately grasp the impact of corporate activities on the environment. Many world forums and governments have enacted environmental laws that industry must comply with. These regulations are the major market drivers for the environmental consulting services market.
North America to witness significant growth during the forecast period”
North America is expected to grow with a considerable CAGR during the forecast period. This is mainly due to the leading to the restructuring of organization-wide systems. For instance, in July 2022, the 29th annual Regular Session of the Council of the Commission for Environmental Cooperation (CEC) of North America took place in Mérida, Mexico with the theme of Community-led environmental education for sustainable development. In addition, the occurrence of several disasters in the past propelled the demand for sustainability consulting services for emergency site remediation planning and cleanups. Several regulations have been imposed by governments for the protection of the environment. Many key players are providing services for site remediation, natural resource management, environmental auditing, and waste management. Other services provided by such consultancies include project management, monitoring and testing, and operation and maintenance. Government bodies also hire these consultancies for preparing updated reports on the impact of various factors on the environment, which help them modify the existing regulations or propose new ones.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|1.1. Market Definitions|
|1.4. Currency used in Report|
|2.1. Research Process of the Global Sustainability Consulting Market|
|2.2. Research Methodology of the Global Sustainability Consulting Market|
|2.3. Forecasting Method|
|2.4. Respondent Profile|
|2.5. Main Objective of the Global Sustainability Consulting Market Study|
|3. MARKET SYNOPSIS|
|4. EXECUTIVE SUMMARY|
|5. GLOBAL SUSTAINABILITY CONSULTING MARKET COVID-19 IMPACT|
|6. GLOBAL SUSTAINABILITY CONSULTING MARKET REVENUE (USD BN), 2020-2028F|
|7.1. Strategy and Planning|
|7.2. Technical Support|
|7.3. Testing, Auditing, and Verification|
|7.4. Sustainability Marketing|
|8.2. Building & Construction|
|8.3. Agriculture, Food & Beverage|
|8.4. Mining, Oil & Gas|
|9.1. North America|
|9.1.3. Rest of North America|
|9.2.2. United Kingdom|
|9.2.6. Rest of Europe|
|9.3.5. Rest of Asia-Pacific|
|9.4. Rest of World|
|10.1. Market Drivers|
|10.2. Market Challenges|
|10.3. Impact Analysis|
|11. GLOBAL SUSTAINABILITY CONSULTING MARKET OPPORTUNITIES|
|12. GLOBAL SUSTAINABILITY CONSULTING MARKET TRENDS|
|13. VALUE CHAIN ANALYSIS|
|14.1. Competitive Landscape|
|14.1.1. Company Shares, By Revenue|
|15.1. McKinsey & Company|
|15.4. Bain & Company|
|15.6. Boston Consulting Group|
|15.7. PA Consulting Group (Jacobs)|
|15.9. Tata Consultancy Services (Blue Monitor Systems)|
|15.10. DuPont Sustainable Solutions|
Research Methodology for the Global Sustainability Consulting Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the sustainability consulting market were the three major steps undertaken to create and analyze the adoption of sustainability consulting in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the sustainability consulting market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the sustainability consulting market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the sustainability consulting market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product type and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the sustainability consulting market. Further, we conducted factor analysis using dependent and independent variables such as various product type and application of sustainability consulting equipment. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the sustainability consulting market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the sustainability consulting market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the sustainability consulting market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the sustainability consulting market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at a precise statistical number for each segment and sub-segment of the sustainability consulting market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of various product types and application in the sustainability consulting market.
The main objective of the Global Sustainability Consulting Market Study
The current & future market trends other than the sustainability consulting market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investment on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the sustainability consulting market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of product type and application
- Define and analysis of the regulatory framework for the sustainability consulting market industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the sustainability consulting market for the major region
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the world
- Company profiles of the sustainability consulting market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry