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The amplifications of technological advancements transform (e.g AI, ML, Cloud Computing, DL, CNN, DNN) the future industrial aspect completely and an all-new version of Industry has appeared in the market which is also termed as Industry 5.0 or Fourth Industrial Revolution. It is the digitization and automation of conventional manufacturing practices, using advanced technologies that include M2M (Machine to Machine) Communication, Human-Machine Interaction, integrated Internet of Things (IoT). It aims to multiply the productivity by minimizing the human interventions. Industry 5.0 has various categorical visions. Some futurists believe that although Industry 4.0 is targeting to fulfil the advanced demands of end-users, Industry 5.0 is essentially about connecting equipment together, and about the collaboration between humans and machines on the factory floor of lists for the benefits of human-machine collaboration. There will be creative humanization in the production, rather than standard robot production. It will create new employment opportunities. Human workers will play a better role on the factory floor. According to various preliminary researches, Industry 5.0 is a return to the humanization of the factory floor. Rendall (2017) believes that although Germany leads the fourth industrial revolution, North America is in a unique position to lead the next industrial revolution—Industry 5.0. Market experts shared the vision of human-machine collaboration in Industry 5.0 with many others. The world has witnessed a substantial increase in environmental pollution caused by the second industrial revolution. However, unlike the past few decades, the manufacturing industry has become more focused on controlling different aspects of waste generation and management, and reducing the adverse environmental impact of its operations. There are many discussions and posts related to Industry 5.0 on the Internet. Some of the major applications of them are listed below.