Circular Economy Consulting Services Market Size to Cross USD 18.85 Bn by 2034

The global circular economy consulting services market size was valued at USD 9.31 billion in 2024 and is expected to cross around USD 18.85 billion by 2034, growing at a CAGR of 7.31%.

Get a Free Sample Copy of the Report@ https://www.precedenceresearch.com/sample/5797

Circular Economy Consulting Services Market Key Points

• North America accounted for the largest market share globally in 2024, at 33%.

• Europe is positioned to grow at the highest CAGR during the forecast period.

• The strategy development service type captured the biggest slice of the market in 2024.

• The implementation support segment is on track to grow at the fastest rate.

• Manufacturing dominated by industry vertical, reflecting strong adoption in 2024.

• Retail is projected to show the highest growth trajectory through the coming years.

• Large enterprises led the market in 2024 based on organization size.

• SMEs are expected to expand rapidly, contributing significantly in the forecast window.

Role of AI in Circular Economy Consulting Services

Artificial Intelligence (AI) is increasingly becoming a vital tool in circular economy consulting by enabling smarter, data-driven strategies that support sustainable resource management and waste reduction. Consulting firms are leveraging AI technologies to help businesses identify inefficiencies, track resource flows, and design more sustainable production and consumption cycles. Through machine learning algorithms and predictive analytics, AI can assess vast amounts of data to uncover patterns in material usage, forecast product life cycles, and recommend actionable insights for optimizing reuse, recycling, and remanufacturing processes.

AI also plays a significant role in enabling digital product passports, which track the origin, composition, and environmental impact of materials across their lifecycle—empowering companies to improve product design and supply chain transparency. Furthermore, AI-powered tools are aiding in real-time monitoring of environmental metrics, helping companies stay compliant with regulations and meet ESG (Environmental, Social, Governance) goals more effectively. In addition, AI supports scenario modeling, allowing consultants to simulate different circular strategies and predict their long-term economic and environmental outcomes before implementation.

By integrating AI, circular economy consulting services are becoming more personalized, efficient, and impactful, ultimately accelerating the global transition toward a more sustainable and circular future.

Circular Economy Consulting Services Market Growth Factors

Rising Environmental Concerns and Regulatory Pressure
Governments and regulatory bodies across the globe are enforcing stricter environmental regulations and policies to reduce carbon footprints, minimize waste, and encourage sustainable practices. This is compelling businesses to seek expert guidance from circular economy consultants to align with these evolving compliance standards.

Growing Corporate Focus on ESG Goals
An increasing number of organizations are integrating Environmental, Social, and Governance (ESG) principles into their business strategies. Circular economy consulting services help companies meet their sustainability targets, improve brand reputation, and attract ESG-focused investors.

Demand for Resource Optimization and Waste Reduction
Industries are looking for innovative ways to reduce costs, increase efficiency, and minimize waste. Consulting services provide data-driven strategies to design closed-loop systems, reduce dependency on virgin resources, and enhance overall operational efficiency.

Digital Transformation and Technological Advancements
The integration of digital tools like AI, IoT, and blockchain in sustainability practices has enhanced the scope and impact of consulting services. These technologies support advanced data analytics, supply chain traceability, and predictive modeling, making consulting services more effective and actionable.

Consumer Shift Toward Sustainable Products
Consumers are becoming more eco-conscious, preferring brands that demonstrate a commitment to sustainability and circular practices. This shift is prompting businesses to adopt circular economy models and consult with experts to meet consumer expectations.

Increasing Investments in Circular Economy Startups and Innovation
There is a surge in funding and innovation within the circular economy space, with startups and established firms exploring new ways to implement sustainable business models. This creates a strong demand for consulting expertise to guide these initiatives.

Expansion of Circular Economy Across Diverse Sectors
From manufacturing and retail to construction and technology, circular economy principles are being adopted across industries. This diversification boosts the demand for tailored consulting services capable of addressing sector-specific sustainability challenges

Circular Economy Consulting Services Market Scope

Circular Economy Consulting Services Market Dynamics

Market Drivers
A primary driver of this market is the rising global concern over climate change, waste generation, and natural resource depletion. Governments worldwide are implementing stricter sustainability regulations, pushing organizations to rethink their models. Simultaneously, corporations are increasingly committing to ESG (Environmental, Social, and Governance) goals, leading to greater demand for consultants who can help them plan and execute circular strategies.

Additionally, economic benefits such as cost reduction through resource efficiency and waste minimization further encourage businesses to embrace circular economy practices.

Market Opportunities
There are vast opportunities for growth in this market, particularly in emerging economies that are developing sustainable infrastructure. As more industries—from manufacturing and construction to fashion and electronics—look for circular solutions, the demand for industry-specific consulting is on the rise.

The integration of digital technologies like AI, IoT, and blockchain into circular practices opens doors for consulting firms to offer advanced, data-driven solutions. Moreover, with consumers increasingly favoring sustainable brands, companies are proactively seeking consulting services to gain a competitive edge through circular innovation.

Market Challenges
Despite its growth potential, the circular economy consulting services market faces a few hurdles. One of the key challenges is the lack of awareness and understanding of circular principles among many businesses, especially SMEs. Transitioning to circular models often requires upfront investment, operational changes, and long-term planning, which can deter companies with limited budgets or risk tolerance.

Additionally, measuring the effectiveness of circular initiatives can be complex, making it difficult for organizations to justify and quantify the return on investment (ROI) of consulting services.

Regional Insights
In terms of regional performance, Europe leads the global circular economy consulting services market, driven by strong regulatory frameworks like the European Green Deal and the EU Circular Economy Action Plan. North America is also a key market, fueled by rising ESG commitments among large corporations and increasing sustainability awareness.

Asia Pacific is expected to be the fastest-growing region, with countries like China, India, and Japan making significant strides toward circular initiatives in waste management, manufacturing, and energy. Latin America and the Middle East are emerging markets, where government-led sustainability initiatives are creating new opportunities for consultants.

Circular Economy Consulting Services Market Companies

• Accenture
• McKinsey and Company
• EY
• KPMG
• Ramboll
• WSP Global
• Wood plc
• Sita
• Arcadis
• RPS Group
• Ecovadis
• Deloitte
• Verisk Analytics
• PwC
• Boston Consulting Group

Circular Economy Consulting Services Market Recent Developments

• In January 2025, Reconomy, a well-known international circular economy specialist, announced the completion of acquisitions of two U.S. based companies. The acquisition enables Reconomy to accelerate growth of its leading US waste management platform, Lincoln Waste Solutions.
• In January 2025, NikKhah Consulting unveiled its new circular economy advisory offerings. These offerings aimed at helping clients across the Middle Eastern region to help embrace transition to circular economy principles.
• In February 2024, the leading consulting company, Deloitte announced its strategic move to help boost its business engagement in circular practices. This strategy is aimed to minimize waste and promote material circulation.

Segments Covered in the Report

By Service Type

• Strategy Development
• Implementation Support
• Assessment and Evaluation
• Training and Workshops

By Industry Vertical

• Manufacturing
• Retail
• Construction
• Healthcare
• Information Technology

By Organization Size

• Small Enterprises
• Medium Enterprises
• Large Enterprises

By Region

• North America
• Europe
• South America
• Asia Pacific
• Middle East and Africa

Also Read: AI-Driven Battery Technology Market

Ready for more? Dive into the full experience on our website@ https://www.precedenceresearch.com/

• About
• Latest Posts

Akshay

Latest posts by Akshay (see all)

• Singapore Interactive Kiosk Market Size to Attain USD 1,835.92 Billion by 2034 - April 17, 2025
• Robotic Sensors Market Size to Attain USD 1,716.86 Million by 2034 - April 17, 2025
• Laminated Steel Market Size to Reach USD 2.63 Billion by 2034 - April 17, 2025