Industry 5.0 is an idea that entails the integration of superior generation with a focal point on human-centred concepts. The consciousness is on selling sustainability, resilience, and collaboration among human beings and robots. The number one goal of Industry 5.0, the successor to Industry 4.0 that centred on automation and sensible production, is to reap a harmonious integration of technological improvements with the ideas of sustainable improvement. This study examines the opportunities and challenges of Industry 5.0 in terms of sustainability, considering the environmental, financial, and social factors. This study examines the utilisation of synthetic intelligence, the internet of factors, and robots to decrease useful resource consumption, minimise waste, and develop circular economic system models. Industry 5.0 has the capability to promote sustainable practices. Furthermore, it examines the possible societal results, such as unemployment and the need for retraining, similarly to the moral implications related with the collaboration among people and robots. This study highlights the substantial role that regulatory frameworks and coordination among many sectors play in making sure that the transition to Industry 5.0 aligns with the targets of world sustainability. This study examines case studies and future tendencies to illustrate how Industry 5.0 might make contributions to developing a more sustainable commercial panorama. The study findings suggest that Industry 5.0 offers significant opportunities for enhancing sustainability. However, it also requires diligent handling of the associated risks and obstacles. This research contributes to the ongoing discourse on the future of industry and its role in fostering a resilient, inclusive, and sustainable global economy.