Global Glass Recycling Market size was valued at USD 3.3 Billion in 2024 and is expected to reach USD 5.6 Billion by 2033, at a CAGR of 5.4% during the forecast period 2024 – 2033.

Glass Recycling Market: Overview

Recycling glasses is the act of gathering, separating, cleaning, and reprocessing old glass into new glass goods. The procedure for recycling usually begins with the collecting of glass garbage from homes, companies, and other locations. The gathered glass is then sorted by color and kind to eliminate impurities such as caps, labels, and other non-glass items.

One of the most noticeable worldwide developments in the glass recycling industry is the growing emphasis on sustainability and circular economy concepts. Industries, governments, and consumers throughout the world are recognizing the value of waste reduction and resource conservation.

Glass recycling supports these goals by removing glass trash from landfills, preserving raw resources, and lowering energy usage in glass manufacturing. Furthermore, advances in recycling technology and procedures increase the productivity and affordability of glass recycling, which makes it more appealing to businesses and consumers.

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In addition, growing recognition of the environmental implications of single-use plastics has resulted in a move towards glass packaging, driving up demand for recycled glass. Ultimately, the worldwide trend towards sustainability, along with technical improvements and increasing customer tastes, is propelling the growth of the glass recycling market as a vital component of the circular economy.

By product, the cullet segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Cullet fuels the glass recycling sector by providing a valuable raw material for the manufacture of new glass goods. Its usage reduces the need for raw resources, saves energy, and cuts production costs, making recycling both economically and environmentally advantageous.

By application, the bottle & containers segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Bottles and containers drive the glass recycling industry since they are commonly used in the packaging of drinks, food, cosmetics, and medicines. The recyclability of glass stimulates collecting and processing, making it a crucial driver in the glass recycling sector.

North America dominates the glass recycling industry owing to its strong infrastructure, increased environmental consciousness, severe laws, industry need for sustainable resources, and efforts encouraging recycling literacy and the implementation of sustainable methods.

Strategic Materials, Inc. formally separated from Allwaste to establish its separate firm. Merging with Nexcycle, a glass and plastic recycling company in Ontario, Canada, expanded its reach and capabilities. Also bought Container Recycling Alliance, which increased our reach across the United States.

CMI has comprehensively analyzed the Global Glass Recycling market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Glass Recycling industry.

The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.

List of the prominent players in the Glass Recycling Market:

• Strategic Materials Inc.
• Ardagh Group
• Owens-Illinois
• Vetropack Holding Ltd.
• Gerresheimer AG
• Verallia
• Gallo Glass Company
• Knauf Insulation
• Pace Glass Inc.
• Vitro S.A.B. de C.V.
• Anchor Glass Container Corporation
• Central Glass Co. Ltd.
• Compagnie de Saint-Gobain
• GPI Packaging LLC
• Berry Global Inc.
• Recresco Ltd.
• Delphi Glass Corp.
• Frigoglass SAIC
• Quinn Glass Limited
• Nampak Ltd.
• Others

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