The glass recycling market is experiencing significant growth, driven by environmental concerns and the push for sustainable practices. Valued at approximately USD 3.6 billion in 2023, the market is projected to reach nearly USD 5.24 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.5%
Regional Insights:
- Europe: The European Union’s glass industry accounts for 28% of global production, with a manufacturing volume of 35.8 million tons annually. The region’s commitment to recycling is evident through cooperative regulations and widespread public participation.
- Asia-Pacific: Countries like Singapore lead with impressive glass recycling rates, approximately 83%
. However, nations such as Vietnam face challenges, with recycling rates around 15%, highlighting the need for improved infrastructure and public awareness
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Key Developments in Mergers and Acquisitions:
- Europe: In April 2024, Sibelco, a major European glass recycler, announced plans to acquire Strategic Materials, a leading U.S. glass recycling company. This strategic move aims to enhance Sibelco’s global footprint and contribute to circular value chains
- United Kingdom: In November 2024, Macquarie, an Australian asset manager, made a £700 million takeover bid for Renewi, a waste management company. This proposal underscores the growing interest in the recycling sector
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Glass Recycling Market Segmentation:
by Product
Container Glass
Construction Glass
by Application
Concrete Aggregate
Fiberglass insulation products
Ceramic sanitary ware production
Agriculture and landscape application
Other
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Glass Recycling Market Key Players:
Ardagh
Momentum Recycling
Strategic Materials
Harsco Minerals International
Heritage
Glass Recycling Company
Vitro Minerals
Marco Abrasives
Sierra Exports
Advisor4sme INDIA (OPC) Pvt Limited
Ablaze Glass Works Pvt Ltd
Ablaze Export Incorporation
Sumip Composites Pvt Ltd
wellman Recycling
SKAKO vibration
Challenges and Opportunities:
While the glass recycling market is on an upward trajectory, challenges such as complex manufacturing processes and contamination in waste streams persist. However, advancements promoting the use of recycled glass in industries like automotive present significant growth opportunities.
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Future Outlook.
With increasing environmental awareness and supportive government initiatives, the glass recycling market is poised for sustained growth. Collaborations and strategic acquisitions are expected to further strengthen the market, promoting a circular economy and reducing environmental footprints.
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