SEATTLE (Recycling Monster): The global market for recycled glass is set for significant acceleration over the next several years, according to a newly published study by Transparency Market Research (TMR). The report projects the industry to post a compound annual growth rate (CAGR) of 6.8% from 2023 through 2031, with market valuation expected to climb to approximately $5.4 billion by the end of the forecast period.

The research highlights that recycled glass is increasingly being embraced by manufacturers worldwide due to its full recyclability, reduced energy consumption in production processes, and major sustainability advantages, including lowering dependence on raw natural materials. Growing pressure from policymakers and environmental regulators to cut down on single-use plastics has further boosted the transition toward eco-friendly packaging alternatives such as glass.

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According to the report, the recycled glass sector is experiencing rapid advancements in production and processing technologies. Modern automated recovery equipment and sophisticated optical sorting systems have significantly improved the quality, consistency and volume of recovered glass materials. Additionally, innovations in material engineering are driving new opportunities for recycled glass in construction materials, industrial abrasives, and other emerging applications beyond traditional packaging.

The Asia Pacific region remains the leading force in the global recycled glass market, with China, India and countries across Southeast Asia spearheading installation of large-scale recycling infrastructure and driving strong demand from both industrial and consumer markets.

Industry analysts predict that continued government sustainability commitments, rising environmental awareness and ongoing innovations will further accelerate adoption in the coming years.