SEATTLE (Recycling Monster): The most recent market research report published by Maximize Market Research Pvt. Ltd. foresees significant future growth to global glass recycling market.

According to the report, the market is poised to touch around $5.24 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030. The market was valued at $3.60 billion in 2023.

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The projected market growth will be driven by various factors including increased adoption of glass recycling practices due to rising awareness about environmental conservation, rising importance to sustainable practices on account of stricter government policies to promote recycling, and reduced recycling costs and efficiency as a result of innovations in recycling technologies.

Among countries, China is likely to witness significant growth, with the market forecast to reach $931.6 million by 2030, at a CAGR growth of 7.1%. The glass recycling market in South Korea too is projected to grow at the same rate. Rising investments in recycling infrastructure coupled with flourishing public-private partnerships has resulted in glass recycling boost in the U.S. Europe also continues to be a leader in glass recycling market.