Sustainability Market Size
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 14.95 Billion |
| Market Size (2029) | USD 24.95 Billion |
| CAGR (2024 - 2029) | 10.78 % |
| Fastest Growing Market | Europe |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Sustainability Market Analysis
The Sustainability Market size is estimated at USD 14.95 billion in 2024, and is expected to reach USD 24.95 billion by 2029, at a CAGR of 10.78% during the forecast period (2024-2029).
The sustainability market spans diverse sectors dedicated to environmental preservation, social responsibility, and economic viability. Key areas include renewable energy, sustainable agriculture, waste management, green building, and eco-friendly products. Across the globe, companies are heavily investing in sustainability and green technology, driven not only by legal requirements but also by a commitment to broader environmental objectives. These investments encompass a range of areas, from creating eco-friendly products and energy-efficient technologies to implementing sustainable supply chain practices and embracing renewable energy sources.
Furthermore, businesses are dedicating funds to research and development, aiming to minimize their carbon footprint and craft sustainable solutions. Furthermore, to leverage combined resources and expertise, strategic alliances and partnerships are on the rise. Additionally, environmental, social, and governance (ESG) factors are gaining prominence in the investment landscape, attracting funds from socially conscious investors.
Sustainability Market Trends
Surge in Green Building Initiatives is Boosting Market Growth
Prioritizing energy efficiency, green buildings are significantly cutting down on energy consumption. This is not only reducing operational costs for owners but also boosting the market for energy-efficient technologies and solutions. Numerous companies are committing to sustainability, often aligning their facilities with green building standards. Corporate demand is fueling the expansion of the sustainability market, with businesses increasingly pursuing eco-friendly solutions. Designs of green buildings often prioritize improved indoor air quality and occupant well-being. This growing awareness is amplifying market interest in health-focused building products and technologies. Consumers are increasingly gravitating towards sustainable living. With a rising consciousness about climate change and environmental challenges, consumers are favoring products and buildings that resonate with their values, thereby propelling the growth of the green building sector.
Increasing Demand for Sustainability Market in Europe
In Europe, consumer awareness of sustainability is on the rise. As European consumers grow more concerned about environmental issues, their preference for sustainable products and services intensifies. This shift is shaping market trends and prompting companies to embrace greener practices. The EU is driving a greener economy through initiatives like the Deforestation-Free Products Regulation and the Packaging and Packaging Waste Regulation, which are significantly impacting business operations. Companies are increasingly adopting sustainable practices, thanks in part to technological advancements like energy-efficient solutions and sustainable materials. These innovations are pivotal in helping firms meet their sustainability objectives. Meanwhile, the EU has set its sights on achieving climate neutrality by 2050. This goal addresses climate change risks and bolsters the EU's strategic autonomy, competitiveness, social economy model, and global leadership in the net-zero economy.
Sustainability Industry Overview
The sustainability market is fragmented. During the forecast period, it is poised for growth, intensifying competition. The competitive landscape includes all the strategies players use to maintain their market share globally, such as acquisitions and mergers. The major players in the market include Schneider Electric, NEC Corporation, Moncler, Brambles, and Illumina.
Sustainability Market Leaders
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Schneider Electric
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NEC Corporation
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Moncler
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Brambles
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Illumina
*Disclaimer: Major Players sorted in no particular order
Sustainability Market News
- October 2024: Ericsson and Zain Group renewed their Memorandum of Understanding (MoU) to enhance collaborative sustainability efforts, focusing on the development of energy-efficient networks. This renewed MoU seeks to expedite the journey towards Net Zero, emphasizing collaborations that amplify the effectiveness of their joint sustainability endeavors.
- July 2024: Genpact, a provider of professional services and solutions, and Reworld, a pioneer in sustainable waste solutions, formed a strategic partnership. This collaboration highlights the synergy between sustainability and optimization, leveraging their combined strengths to achieve shared goals.
Sustainability Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Companies are Making Sustainability a Core Aspect of their Operations through Increased Adoption of CSR Strategies
4.2.2 Rising Environmental Awareness Fuels Market Growth
4.3 Market Restraints
4.3.1 High Initial Costs is Restraining the Market
4.3.2 Market Growth Hindered by Lack of Awareness on Sustainable Practices
4.4 Market Opportunities
4.4.1 Companies, Governments, and NGOs Collaborate to Drive Innovation and Expand Market Reach
4.5 Value Chain / Supply Chain Analysis
4.6 Porters 5 Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
4.7 Insights on Technological Innovations in the Market
4.8 Insights on Regulatory Framework in the Market
4.9 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Component
5.1.1 Solutions
5.1.2 Services
5.2 By Technology
5.2.1 Internet of Things (IoT)
5.2.2 AI and Analytics
5.2.3 Digital Twin
5.2.4 Others (Cloud Computing, Blockchain)
5.3 By Application
5.3.1 Green Building
5.3.2 Carbon Footprint Management
5.3.3 Air and Water Pollution Monitoring
5.3.4 Weather Monitoring and Forecasting
5.3.5 Fire Detection
5.3.6 Crop Monitoring
5.3.7 Others (Soil Condition/Moisture Monitoring and Forest Monitoring)
5.4 Geography
5.4.1 North America
5.4.1.1 US
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 UK
5.4.2.3 France
5.4.2.4 Russia
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 India
5.4.3.2 China
5.4.3.3 Japan
5.4.3.4 Rest of Asia Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle East
5.4.5.1 UAE
5.4.5.2 Saudi Arabia
5.4.5.3 Rest of Middle East
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration
6.2 Company Profiles
6.2.1 Schneider Electric
6.2.2 NEC Corporation
6.2.3 Moncler
6.2.4 Brambles
6.2.5 Illumina
6.2.6 SGS
6.2.7 Sanofi
6.2.8 NRI
6.2.9 Telefonica
6.2.10 Cigna*
- *List Not Exhaustive
7. MARKET FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Sustainability Industry Segmentation
The sustainability market champions products, services, and business practices that tackle challenges like climate change, resource scarcity, social equity, and responsible governance. This report provides a comprehensive analysis of the sustainability market. It explores market dynamics, underscores emerging trends across various segments and regions, and offers insights into various product and application types. Furthermore, the report examines key players and the competitive landscape. The sustainability market is segmented by component, including solutions and services; by technology, including the Internet of things (IoT), digital twin, AI and analytics, and others such as cloud computing and blockchain; by application, including green building, air and water pollution monitoring, carbon footprint management, weather monitoring and forecasting, fire detection, crop monitoring, and others; and by geography including North America, South America, Europe, Asia-Pacific, and Middle-East & Africa. The report offers market size and forecasts for the sustainability market in value (USD) for all the above segments.
| By Component | |
| Solutions | |
| Services |
| By Technology | |
| Internet of Things (IoT) | |
| AI and Analytics | |
| Digital Twin | |
| Others (Cloud Computing, Blockchain) |
| By Application | |
| Green Building | |
| Carbon Footprint Management | |
| Air and Water Pollution Monitoring | |
| Weather Monitoring and Forecasting | |
| Fire Detection | |
| Crop Monitoring | |
| Others (Soil Condition/Moisture Monitoring and Forest Monitoring) |
| Geography | ||||||||
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Sustainability Market Research FAQs
How big is the Sustainability Market?
The Sustainability Market size is expected to reach USD 14.95 billion in 2024 and grow at a CAGR of 10.78% to reach USD 24.95 billion by 2029.
What is the current Sustainability Market size?
In 2024, the Sustainability Market size is expected to reach USD 14.95 billion.
Who are the key players in Sustainability Market?
Schneider Electric, NEC Corporation, Moncler, Brambles and Illumina are the major companies operating in the Sustainability Market.
Which is the fastest growing region in Sustainability Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Sustainability Market?
In 2024, the North America accounts for the largest market share in Sustainability Market.
What years does this Sustainability Market cover, and what was the market size in 2023?
In 2023, the Sustainability Market size was estimated at USD 13.34 billion. The report covers the Sustainability Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Sustainability Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Sustainability Industry Report
Statistics for the 2024 Sustainability market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Sustainability analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
