Glass Recycling Market 2024-2028: Size and High operating cost due to complex supply chain; growth driven by the Product, Some of key Companies Positioned Strategically
The glass recycling market size by Product (Construction glass and Container glass) and Geography (Europe, APAC, North America, Middle East and Africa, and South America), is forecast to increase by USD 1072.4 million. The market is expected to grow at a CAGR of 5.42% between 2024 and 2028.
- In the intricate glass recycling market, the supply chain encompasses a multitude of intermediaries, leading to increased operational costs for vendors. The process initiates with the collection of glass recyclables from various sources, including municipal solid waste, consumer and industrial waste, and construction and demolition wastes. These materials are subsequently transported to a material recovery facility.
Upon arrival, the glass recyclables undergo sorting procedures to distinguish between container and construction glass. The container glass is then forwarded to a glass recycling company, while construction glass is processed separately. Within the glass recycling facility, broken glass is further separated and color-sorted to ensure optimal quality and value. This intricate process underscores the complexity and cost involved in the glass recycling market.
- The glass recycling market represents a significant business opportunity, driven by increasing environmental awareness and legislative initiatives. Companies are investing in advanced technologies to improve the efficiency and economics of glass recycling processes. The market is expected to grow steadily, driven by the demand for recycled glass in various industries, including construction, automotive, and packaging. Key players are focusing on innovation and collaboration to expand their market share and meet evolving consumer preferences.
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Some of the Key Companies:
- Biffa Plc
- Bottleman Recycling Services Ltd.
- Bywaters
- Dlubak Glass Co.
- FCC Environment (UK) Ltd.
- Gaskell Waste Services Ltd.
- Glass Recycling UK Ltd.
- Glassco Recycling Ltd.
- Momentum Recycling LLC
- Prism Glass Recycling LLC
- Ripple Glass LLC
- Rubicon Technologies Inc
- Stericycle Inc.
- Strategic Materials Inc.
- SWARCO AG
- TerraCycle Inc.
- Vetropack Group
- Vitro Minerals Inc.
- Wiegand Glas Holding GmbH
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