Recycled Glass Market Size, Share, Growth Analysis, By Product(Cullet, Crushed Glass, Glass powder, others.), By Application(Bottle & container, Flat glass, Fiberglass, Highway Beds), By Region - Industry Forecast 2024-2031

Recycled Glass Market size was valued at USD 4.24 billion in 2019 and is poised to grow from USD 4.51 billion in 2023 to USD 7.35 billion by 2031, growing at a CAGR of 6.4% in the forecast period (2024-2031).

The rapid industrial development causing landfills of waste boosts the growth of the recycled glass market globally. Ecological progress, coupled with rising management initiatives and programs for awareness are also factors driving the growth of the recycled glass market. Furthermore, increasing glass waste is one of the problems faced globally and most of these are used to fill lands and burners thus causing global warming. Therefore, increasing administration initiatives to encourage the use of recycled glass for efficient waste management is one of the reasons for the growth of the recycled glass sector. Recycled glass is made by recycling waste and broken glass for further processing into new products. Because of its amazing properties, glass can recycle as may as time possible by crushing it, melting and blending it with sand, and processed into a brand new product. Reusing used or broken glass plays an important role in controlling waste worldwide and increasing demand for glass products that it is eco friendly and does not harm the environment in any way will drive the market growth over the forecast period.

US Recycled Glass Market is poised to grow at a sustainable CAGR for the next forecast year.