In 2023, Canada's import of glass cullet, waste or scrap, glass in the mass was valued at approximately 2.976 million US dollars. Forecasts suggest a steady growth in imports from 2024 to 2028, with values increasing year-on-year from 2.986 million to 3.0237 million US dollars. This translates to modest annual growth rates ranging around 0.3% to 0.5% per year. Over the five-year forecast period, the compounded annual growth rate (CAGR) stands at about 0.31%, indicating a consistently slight upward trend.
Future trends to watch for include:
- The impact of global environmental policies on recycling and glass waste management.
- Technological advancements in glass recycling processes, potentially altering import needs.
- Fluctuations in the demand for recycled glass in domestic manufacturing sectors.
