[Latest] Global Glass Recycling Market Size/Share Worth USD

Austin, TX, USA, May 30, 2024 (GLOBE NEWSWIRE) -- 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 latest research study, the demand of global Glass Recycling Market size & share was valued at approximately USD 3.1 Billion in 2023 and is expected to reach USD 3.3 Billion in 2024 and is expected to reach a value of around USD 5.6 Billion by 2033, at a compound annual growth rate (CAGR) of about 5.4% during the forecast period 2024 to 2033.”

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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.

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.

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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.

Report Scope

Feature of the Report	Details
Market Size in 2024	USD 3.3 Billion
Projected Market Size in 2033	USD 5.6 Billion
Market Size in 2023	USD 3.1 Billion
CAGR Growth Rate	5.4% CAGR
Base Year	2023
Forecast Period	2024-2033
Key Segment	By Product, Application and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Glass Recycling report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Glass Recycling report has been modified to include the COVID-19 impact study prior to delivery.)

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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.

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Key questions answered in this report:

What is the size of the Glass Recycling market and what is its expected growth rate?
What are the primary driving factors that push the Glass Recycling market forward?
What are the Glass Recycling Industry's top companies?
What are the different categories that the Glass Recycling Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Glass Recycling market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2024−2033
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Glass Recycling Market: Regional Analysis

By region, Glass Recycling market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America dominated the global Glass Recycling market in 2023 with a market share of 35.3% and is expected to keep its dominance during the forecast period 2024-2033.

North America’s solid infrastructure and well-established recycling programmes make glass trash collection, sorting, and processing more efficient. Furthermore, increased consumer environmental awareness and rigorous legislation promote recycling efforts, especially glass recycling.

Moreover, different industries, such as packaging, building, and automobiles boost the need for recycled glass, also known as cullet. These businesses employ recycled glass as a sustainable alternative to virgin resources.

Additionally, programmes launched by municipalities, governments, and non-profit organisations promote recycling education and encourage enterprises to adopt sustainable practices. A circular economy strategy, emphasising resource efficiency and waste reduction, adds to the momentum for glass recycling in North America, placing the area as a pioneer in sustainable waste management and environmental stewardship.

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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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The Glass Recycling Market is segmented as follows:

By Product

Cullet
Crushed Glass
Glass Powder

By Application

Bottle & Containers
Flat Glass
Fiber Glass
Highway Beads
Others

Click Here to Get a Free Sample Report of the Global Glass Recycling Market @ https://www.custommarketinsights.com/report/glass-recycling-market/

Regional Coverage:

North America

U.S.
Canada
Mexico
Rest of North America

Europe

Germany
France
U.K.
Russia
Italy
Spain
Netherlands
Rest of Europe

Asia Pacific

China
Japan
India
New Zealand
Australia
South Korea
Taiwan
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This Glass Recycling Market Research/Analysis Report Contains Answers to the following Questions.

Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Glass Recycling Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Glass Recycling Market? What Was the Capacity, Production Value, Cost and PROFIT of the Glass Recycling Market?
What Is the Current Market Status of the Glass Recycling Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Glass Recycling Market by Considering Applications and Types?
What Are Projections of the Global Glass Recycling Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Glass Recycling Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Glass Recycling Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Glass Recycling Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Glass Recycling Industry?

Click Here to Access a Free Sample Report of the Global Glass Recycling Market @ https://www.custommarketinsights.com/report/glass-recycling-market/

Reasons to Purchase Glass Recycling Market Report

Glass Recycling Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Glass Recycling Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Glass Recycling Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Glass Recycling Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Glass Recycling market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

Buy this Premium Glass Recycling Research Report | Fast Delivery Available - [220+ Pages] @ https://www.custommarketinsights.com/report/glass-recycling-market/

What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Glass Recycling market analysis.

The competitive environment of current and potential participants in the Glass Recycling market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Glass Recycling market should find this report useful. The research will be useful to all market participants in the Glass Recycling industry.
Managers in the Glass Recycling sector are interested in publishing up-to-date and projected data about the worldwide Glass Recycling market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Glass Recycling products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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