Forecast: Environmental and Other Scientific and Technical Consulting Services Revenue in Canada

The Environmental and Other Scientific and Technical Consulting Services sector in Canada has shown a steady increase in revenue from 2013 to 2023. In 2023, it stood at CAD 10.26 billion. The sector experienced notable growth rates with some fluctuations, peaking at 19.79% in 2018 and a sustainment of positive increments above 4.5% in subsequent years. The last two years saw growths of 4.78% in 2022 and 4.71% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years (2019-2023) was 8.85%.

Future trends to watch for include:

  • Continued growth forecasted at a 5-year CAGR of 3.1%, reaching CAD 12.48 billion by 2028.
  • Increased demand for environmental consulting driven by stricter regulations and heightened corporate sustainability goals.
  • Advancements in technology and data analytics in scientific consulting, paving the way for more efficient and effective solutions.

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