Latest News- Glass Recycling Market: Container glass is expected to lead the Product segment during 2025-2029

The Glass Recycling Market is being driven by Economic benefits of glass recycling

The Glass Recycling Market is expected to grow at a CAGR of 5.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1204.7 million. The glass recycling market in North America is experiencing significant growth due to increasing awareness and government initiatives. The glass container industry's usage of recycled glass cullet has risen by 8% from 2013 to 2023. Notably, the demand for eco-friendly products, such as green glass, which consists of 90%-95% recycled materials, is surging. Leading packaging and container glass manufacturers, including Owens-Illinois Inc., are prioritizing sustainability by setting ambitious goals, such as using 60% recycled glass cullet in their manufacturing processes by 2025. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Container glass
  • Construction glass
• Application
  • Alcohol industry
  • Food and beverage industry
  • Construction industry
  • Others
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Economic benefits of glass recycling
• Growth in global glass tableware industry
• Growing global packaged beverage consumption

However, the market also witnesses some limitations, which are as follows:

• High operating cost due to complex supply chain
• Operational difficulties in glass recycling process
• Availability of substitutes for glass

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Market Scope in Glass Recycling Market Research Report

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Research Analysis Overview

The glass recycling industry is experiencing innovations in various areas, including glass fragmentation and reprocessing, contamination reduction through glass cleaning and decolorization, and glass remelting. The glass cullet market is growing, driven by recycling trends and policy regulations. Investment in recycling logistics, collection, and transportation is crucial. Green building standards, life cycle analysis, and carbon footprint assessments promote sustainable development goals. Digitalization in recycling through smart recycling systems and IoT technology, consumer behavior change, and recycling infrastructure development are key to a circular economy and the creation of green jobs.

Market Research Overview

In the dynamic and intricately segmented market for metal, glass, and plastic containers, various stakeholders play crucial roles in ensuring the production and distribution of these products. The supply chain encompasses raw material suppliers, who provide essential inputs such as borosilicate, neutral glass, soda-lime-silica glass, treated soda-lime glass, de-alkalized soda-lime glass, regular soda-lime glass, high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), and polystyrene (PS) for glass container manufacturing, metal container fabrication, and plastic container production. Subsequently, glass recycling plants emerge as pivotal entities in the glass container sector. These facilities specialize in sorting and separating glass cullet based on color and composition, followed by crushing and grinding to create glass beneficiation. The beneficiated glass is then melted and formed into new glass containers for bottle recycling and flat glass recycling applications. In summary, the glass recycling market is characterized by a complex supply chain, with raw material suppliers playing a critical role in providing essential inputs for glass container manufacturing. Glass recycling plants, which specialize in sorting, separating, crushing, grinding, and beneficiating glass cullet, are essential for the production of new glass containers through bottle recycling and flat glass recycling processes.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/