The recycled glass packaging waste in Spain has shown substantial fluctuations over the last decade, with notable peaks and troughs. In 2023, the waste stood at 1239.3 thousand metric tons, indicating a 7.12% increase year-on-year. Over the past two years, an average yearly growth rate has been observed, with a significant rebound in 2022 at 18.85%. The latest five-year period shows an overall Compound Annual Growth Rate (CAGR) of 1.88%.
Forecasted data for 2024 and beyond suggest a stable upward trend, with the volume projected to reach 1355.6 thousand metric tons by 2028. The forecasted 5-year CAGR stands at 1.42%, indicating a gradual increase.
Future trends to watch include the impact of regulatory changes, advancements in recycling technology, and shifts in consumer behavior towards sustainable packaging solutions. Additionally, economic factors and global market dynamics will play a crucial role in shaping the trajectory of recycled glass packaging waste in Spain.
