Custom Market Insights has published a new research report titled “Glass Recycling Market Size, Trends and Insights By Product (Cullet, Crushed Glass, Glass Powder), By Application (Bottle & Containers, Flat Glass, Fiber Glass, Highway Beads, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.
According to the market research study, the demand analysis of global glass recycling market size and share revenue was valued at approximately $3.1 billion in 2023 and is expected to reach $3.3 billion in 2024 and is expected to reach around $5.6 billion by 2033, at a CAGR of 5.4 percent between 2024 and 2033.
Glass Recycling Market Overview
Recycling glass 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.
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.