Cyclic Materials Announces USD $25M Investment to Establish Centre of Excellence for Rare Earth Recycling in Kingston, Ontario
TORONTO--(BUSINESS WIRE)--Cyclic Materials, the advanced recycling company building a circular supply chain for rare earth elements (REEs), today announced a USD $25 million investment to launch North America's first Centre of Excellence for rare earth recycling in Kingston, Ontario, which will result in 45 new skilled jobs in the region.
Spanning over 140,000 square feet, the first-of-its-kind facility will serve as Cyclic's industrial and innovation backbone, combining full-scale commercial processing and cutting-edge research and development (R&D) to address one of the world's most pressing supply chain challenges: the resilient sourcing of rare earth elements for use in permanent magnets.
A Strategic Facility Serving a Circular Future
The Kingston Centre of Excellence will house Cyclic Materials' first commercial 'Hub' processing unit, leveraging the company's proprietary REEPure SM technology. The facility is designed to convert 500 tonnes of magnet-rich feedstock annually into recycled Mixed Rare Earth Oxide (rMREO)—a product containing crucial components for permanent magnets used in EV motors, wind turbines, and consumer electronics such as Neodymium, Praseodymium, Terbium, and Dysprosium. Feedstock for this facility will be sourced from both Cyclic's Arizona-based 'Spoke', where end-of-life products will be processed, as well as a growing network of partners supplying magnet scrap from production.
With operations set to begin in Q1 2026, rMREO from this facility will supply key partners within the magnet value chain, like Solvay, with whom Cyclic Materials signed an offtake agreement in 2024, providing a secondary resource of critical rare earth elements.
The site will also house a state-of-the-art R&D center, including advanced labs and a mini-Spoke line, to accelerate process optimization and scale next-generation technologies across the rare earth value chain.
Breaking Global Dependency with Local Innovation
Today, less than 1% of rare earth elements are recycled, and global supply chains remain highly sensitive to growing geopolitical tensions and supply concentration. Cyclic Materials' proprietary MagCycle℠ and REEPure℠ technologies recover REEs from end-of-life products such as EVs, wind turbines, and data center hard drives—delivering a low-footprint, circular alternative to mining and a fast track to domestic supply security.
'With this Centre of Excellence, we're advancing our core mission: to secure the most critical elements of the energy transition through circular innovation,' said Ahmad Ghahreman, CEO of Cyclic Materials. 'Kingston is where Cyclic began—and now it's where we're anchoring our commercial future.'
Kingston: The Cornerstone for the Next Generation of Cleantech
Kingston has played a foundational role in the company's success—home to its commercial demonstration facilities and a deep bench of collaborators in research, engineering, and cleantech.
The Centre of Excellence will build on robust partnerships with Queen's University, Kingston Process Metallurgy (KPM), RXN Hub, and Impact Chemistry, as well as support from national innovation programs including CMRDD (Critical Minerals Research, Development and Demonstration) from Natural Resources Canada, Sustainable Development Technology Canada (SDTC), and the National Research Council's Industrial Research Assistance Program (IRAP).
The facility is expected to create over 45 highly qualified new jobs, with more than 20 hires already onboard. Recruitment has already started with key roles for plant operators, process technicians, and innovation staff.
"We are thrilled to see Cyclic Materials' significant investment to establish their Centre of Excellence and Hub in Kingston, Ontario. This announcement not only creates high-quality jobs in the community but is a reflection of the expertise, talent, and supportive ecosystem Kingston has to offer companies,' said Shelley Hirstwood, Director of Business Development at Kingston Economic Development Corporation. 'We are proud to support Cyclic Materials' efforts to create a circular supply chain addressing Canada's critical minerals and rare earth elements."
Scaling a North American Rare Earth Recycling Network
This investment marks a pivotal step in Cyclic Materials' broader plan to scale its rare earth recycling infrastructure across North America and Europe.
With strategic alliances including Solvay, Glencore, Lime, and Sims Lifecycle Solutions, the company is building a resilient, sustainable, and circular ecosystem for rare earth magnets—supporting the electrification of industries and the secure supply of critical materials.
About Cyclic Materials
Cyclic Materials, founded in 2021, is a cleantech company building a circular supply chain for rare earth elements (REEs) and other critical materials essential to the clean energy transition. Its innovative technology transforms end-of-life products into valuable raw materials used in EVs, wind turbines, and electronics. In 2023, the company launched a commercial demo facility using its MagCycle℠ process to recover rare earth magnets. In 2024, it opened a second facility in Kingston, Ontario, producing Mixed Rare Earth Oxide via its REEPure℠ hydrometallurgical process. With demand for REE-based magnets surging, Cyclic Materials is scaling globally across North America, Europe, and Asia. Mesa, Arizona, is its first U.S. location. In recognition of its pioneering work, it was named the #8 Most Innovative company in North America by Fast Company in 2025. Learn more at cyclicmaterials.earth.
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[220+ Pages Latest Report] According to a market research study published by Business Research Industry, the demand analysis of Global Pharmaceutical Glass Packaging Market size & share revenue was valued at approximately USD 23.36 Billion in 2024 and is expected to reach USD 24.87 Billion in 2025 and is expected to reach around USD 49.20 Billion by 2034, at a CAGR of 7.87% between 2025 and 2034. The key market players listed in the report with their sales, revenues and strategies are Corning Incorporated, Nipro Corporation, SGD S.A., Stoelzle Oberglas GmbH, Bormioli Pharma S.p.A., West Pharmaceutical Services Inc., Schott AG, Gerresheimer AG, Shandong Medicinal Glass Co. Ltd., Beatson Clark, Ardagh Group S.A, Arab Pharmaceutical Glass Co., Piramal Enterprises Ltd., Şişecam Group, Owens-Illinois Inc., DWK Life sciences, and others. Austin, TX, USA, June 13, 2025 (GLOBE NEWSWIRE) -- Business Research Industry has published a new research report titled 'Pharmaceutical Glass Packaging Market Size, Trends and Insights By Material (Type I, Type II, Type III), By Product (Vials, Bottles, Cartridges & Syringes, Ampoules), By Drug Type (Generic, Branded, Biologic), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034' in its research database. 'According to the latest research study, the demand of global Pharmaceutical Glass Packaging Market size & share was valued at approximately USD 23.36 Billion in 2024 and is expected to reach USD 24.87 Billion in 2025 and is expected to reach a value of around USD 49.20 Billion by 2034, at a compound annual growth rate (CAGR) of about 7.87% during the forecast period 2025 to 2034.' Click Here to Access a Free Sample Report of the Global Pharmaceutical Glass Packaging Market @ Pharmaceutical Glass Packaging Market Overview As per industry experts at CMI, the pharmaceutical glass packaging market is undergoing immense growth driven by the increasing demand for secure, trustworthy, and sustainable drug packaging in the pharma industry. The inherent properties of glass, such as chemical inertness, impermeability, and recyclability, make glass a most ideal material for preserving the integrity of sensitive drug formulations such as biologics and vaccines. Strong regulatory demands for quality packaging to ensure patient safety and drug effectiveness fuel the market. Improved glass manufacturing, such as Type I borosilicate glass and new coating technologies, enhances strength and reduces the risk of contamination. The global trend towards environmental sustainability is also compelling pharma firms towards the use of glass packaging compared to plastic packaging, in accordance with green practices and consumer preference. Pharmaceutical Glass Packaging Market Growth Factors and Dynamics Rising Demand for Injectable Drugs: The global increase in the use of injectables, including vaccines, insulin, and biologics, is significantly driving demand for the pharma glass pack market. Injectables need containers that can be sterilized and won't react with chemicals, which helps keep the drugs stable and safe for patients. The widespread distribution of COVID-19 vaccines has built an unwritten demand for vials of glass. Well over 13 billion doses of vaccines were deployed globally up to February 2023, as reported by the World Health Organization, each of which required glass packaging that could be relied upon. The International Diabetes Federation further reported that an estimated 537 million adults suffered from diabetes in 2021, a figure predicted to increase to 643 million by 2030, again increasing the demand for insulin that is predominantly dispensed in glass syringes. This increasing need for injectable drugs stresses the critical role that glass packaging plays in delivering drug efficacy and safety. Stringent Regulatory Standards: Regulatory agencies such as the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA) impose strict standards for pharmaceutical packaging to ensure drug safety and efficacy. Glass packaging, especially Type I borosilicate glass, is preferred due to its excellent chemical resistance and capacity to preserve drug stability. Such standards have encouraged the application of high-quality glass packaging, especially to sensitive medications like vaccines and biologics. Compliance with such standards ensures product integrity, reduces contaminant risk, and enhances patient safety, thus ensuring the application of glass packs in the pharmaceutical industry. Request a Customized Copy of the Pharmaceutical Glass Packaging Market Report @ Expansion of Biopharmaceuticals: The rapid growth of biopharmaceuticals like monoclonal antibodies, vaccines, and gene therapies is one of the key drivers of growth for the pharmaceutical glass packaging market. Due to their extreme sensitivity to the environment, these advanced biologic medicines require packaging in materials that offer superior barrier properties and chemical inertness. Glass packaging, in the form of borosilicate glass, is the required choice to maintain the stability and effectiveness of these medicines. Over 1,200 biologic medicines were under clinical trials in the United States as of January 2024, according to the Biotechnology Innovation Organization, with a robust pipeline that will demand customized glass packaging solutions. Such growth underscores the significance of glass packaging to facilitate the effective and safe delivery of innovative biopharmaceutical therapies. Increase in Geriatric Population: The worldwide aging population is leading to an increase in chronic illnesses, which require long-term drug regimens. Older patients typically require drugs that are sensitive to environmental conditions; therefore, glass packaging is the most suitable option because it is inert and provides protection. For example, the United Nations estimates that by 2050, one in every six individuals worldwide will be aged over 65 years, compared to one in eleven in 2019. This population change will drive demand for pharmaceuticals, especially injectables and biologics, which are highly dependent on glass packaging to maintain drug stability and patient safety. Therefore, the drug glass packaging market will develop in line with the aging world population, fulfilling the specialized requirements of this group. Report Scope Feature of the Report Details Market Size in 2025 USD 24.87 Billion Projected Market Size in 2034 USD 49.20 Billion Market Size in 2024 USD 23.36 Billion CAGR Growth Rate 7.87% CAGR Base Year 2024 Forecast Period 2025-2034 Key Segment By Material, Product, Drug Type and Region Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America Buying Options Request tailored purchasing options to fulfil your requirements for research. (A free sample of the Pharmaceutical Glass Packaging report is available upon request; please contact us for more information.) Our Free Sample Report Consists of the following: Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report. The COVID-19 Pandemic Outbreak Impact Analysis is included in the package. About 220+ Pages Research Report (Including Recent Research) Provide detailed chapter-by-chapter guidance on the Request. Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2025 Includes Tables and figures have been updated. The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis Business Research Industry (BRI) research methodology (Please note that the sample of the Pharmaceutical Glass Packaging report has been modified to include the COVID-19 impact study prior to delivery.) Request a Customized Copy of the Pharmaceutical Glass Packaging Market Report @ Pharmaceutical Glass Packaging Market SWOT Analysis Strengths: Pharmaceutical glass packaging is very resistant to chemicals, impermeable, and sterile, and hence considered best for preserving drug formulations sensitive to those conditions, such as vaccines and biologics. Type I borosilicate glass is especially preferred due to its excellent resistance to thermal shock and chemical interaction, along with the assurance of shelf life and efficacy of drugs. Industry bodies like the FDA and EMA insist on stringent quality requirements, which glass complies with very comfortably, thus enjoying a competitive edge. In addition, glass is 100% recyclable, which is also in line with the rising focus on sustainability in the healthcare industry globally. All these positives are factors driving the rising use of glass versus other packaging materials such as plastic or aluminum in the pharmaceutical world. Weaknesses: Despite its advantages, glass packaging has inherent weaknesses of brittleness and heaviness, which have the potential to increase transport expenses and fragility during handling and distribution. There are particular challenges in developing economy supply chains or emergency stocks. Additionally, manufacturing high-quality drug-grade glass involves a significant amount of capital investment and energy input, making production costs higher. There are also limited possibilities for customization, which restricts the flexibility of design. Such limitations can reduce competitiveness, particularly where markets are price-sensitive as well as logistics efficiency, and can encourage substitution to other packaging materials in areas. Opportunities: There is a growing need for high-end, sterile, and eco-friendly packaging forms as injectable drugs and biologics are in greater demand. This trend presents opportunities for pharmaceutical glass packaging, particularly in emerging economies investing in healthcare infrastructure. Advances in coating technologies and intelligent packaging (e.g., RFID, tamper-evident seals) are creating new opportunities for glass packaging manufacturers. Moreover, greater global sustainability targets and more stringent plastic reduction legislation offer long-term prospects as pharmaceutical businesses look to recyclable and non-reactive material alternatives. Joint initiatives among packaging companies and pharmaceutical businesses in creating new forms such as lightweight vials and modular ampoules can also propel market take-up and competitive benefit. Threats: Several competitions from other materials like high-grade polymers and plastics, which are lighter and more resistant to impact, threaten the glass packaging industry severely. Disruptions to supply chains and raw material shortages, particularly in countries with limited supplies of silica or energy constraints, can affect the scalability and profitability of production. Regulations and carbon taxes can further test the green credentials of glass manufacturing by exposing its rising energy costs and carbon footprint. New technologies in intelligent or biodegradable polymer packaging can also divert pharmaceutical investment from glass. Last but not least, any changes in forms of drug delivery, like a switch to oral dissolvable films or patches, can reduce dependence on traditional glass packaging. Request a Customized Copy of the Pharmaceutical Glass Packaging Market Report @ Key questions answered in this report: What is the size of the Pharmaceutical Glass Packaging market and what is its expected growth rate? What are the primary driving factors that push the Pharmaceutical Glass Packaging market forward? What are the Pharmaceutical Glass Packaging Industry's top companies? What are the different categories that the Pharmaceutical Glass Packaging Market caters to? What will be the fastest-growing segment or region? In the value chain, what role do essential players play? What is the procedure for getting a free copy of the Pharmaceutical Glass Packaging market sample report and company profiles? Key Offerings: Market Share, Size & Forecast by Revenue | 2025−2034 Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions Competitive Landscape – Top Key Vendors and Other Prominent Vendors Buy this Premium Pharmaceutical Glass Packaging Research Report | Fast Delivery Available - [220+ Pages] @ Pharmaceutical Glass Packaging Market Regional Analysis The pharmaceutical glass packaging market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region: North America: North America is the leading region in the pharma glass packaging market due to the location of key pharmaceutical firms, sophisticated healthcare infrastructure, and the high rate of drug consumption. The U.S. leads the pack in the region, with huge investments in biologics, vaccines, and specialty medicines, which call for sterile and chemically inert glass packaging, i.e., Type I borosilicate glass. Moreover, greater FDA regulation of drug safety and packaging integrity is driving manufacturers to premium packaging materials. The incidence of chronic diseases and the aging population also generate demand for injectable and oral drugs, thereby increasing packaging demand. High R&D activity and the presence of established players like Corning and Gerresheimer are also present in the region. Europe: Europe is a highly regulated and mature pharmaceutical glass packaging market with strong demand driven by stringent EU pharma regulations and environmental policies. Germany, France, and the UK are some of the countries that have a series of multinational pharma and biotech firms, supporting long-term demand for prefilled syringes, ampoules, and vials. The European Medicines Agency (EMA) has tight regulations on the safety and sterility of drug packaging, stimulating the use of high-quality glass materials. Also, the concern in the region for environmentally friendly and recyclable packaging is developing sustainable glass technologies. Increasing output of biosimilars and the growing number of elderly with increasing demand for chronic disease drugs are also pivotal drivers. Europe is a center for cutting-edge packaging technologies and a front-runner in cold chain logistics integration. Asia-Pacific: Asia-Pacific is the fastest-growing region in the pharmaceutical glass packaging market, fueled by rising healthcare expenditures, expanding pharmaceutical manufacturing, and growing population health needs. Countries like China and India are major hubs for generic drug production and export, significantly increasing demand for cost-effective glass containers such as Type II and Type III bottles and ampoules. In addition, Japan and South Korea lead innovation and adoption of high-quality vials and prefilled syringes for specialty pharmaceuticals. Government healthcare reform, expanding vaccination programs, and rising demand for biologics and injectables also support regional growth. Additionally, local players are increasing the capacity for producing glass to fill global pharmaceutical exports, and as such, the Asia-Pacific remains a critical element of the international supply chain. LAMEA: LAMEA is experiencing consistent growth in the pharmaceutical glass packaging market due to enhanced healthcare infrastructure, rising disease burden, and greater availability of drugs. Mexico and Brazil are dominant Latin American pharmaceutical markets with growing investment in local production of drugs, particularly generics and over-the-counter drugs. In the Middle East, nations such as the UAE and Saudi Arabia are increasing their healthcare sectors in the form of public-private partnerships, promoting the application of high-quality packaging materials. Africa, being in the developmental stage, is undergoing rising demand for safe storage of drugs with growing immunization and therapeutic coverage. With global pharmaceutical organizations increasing in these emerging markets, the demand for robust, affordable, and regulation-compliant glass packaging products continues to grow. Request a Customized Copy of the Pharmaceutical Glass Packaging Market Report @ (We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.) Still, Looking for More Information? Do OR Want Data for Inclusion in magazines, case studies, research papers, or Media? Email Directly Here with Detail Information: support@ Browse the full 'Pharmaceutical Glass Packaging Market Size, Trends and Insights By Material (Type I, Type II, Type III), By Product (Vials, Bottles, Cartridges & Syringes, Ampoules), By Drug Type (Generic, Branded, Biologic), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034' Report at List of the prominent players in the Pharmaceutical Glass Packaging Market: Corning Incorporated Nipro Corporation SGD S.A. Stoelzle Oberglas GmbH Bormioli Pharma S.p.A. West Pharmaceutical Services Inc. Schott AG Gerresheimer AG Shandong Medicinal Glass Co. Ltd. Beatson Clark Ardagh Group S.A Arab Pharmaceutical Glass Co. Piramal Enterprises Ltd. Şişecam Group Owens-Illinois Inc. DWK Life sciences Others Click Here to Access a Free Sample Report of the Global Pharmaceutical Glass Packaging Market @ Spectacular Deals Comprehensive coverage Maximum number of market tables and figures The subscription-based option is offered. Best price guarantee Free 35% or 60 hours of customization. Free post-sale service assistance. 25% discount on your next purchase. Service guarantees are available. Personalized market brief by author. 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Which Trends Are Causing These Developments? Who Are the Global Key Players in This Pharmaceutical Glass Packaging Market? What are Their Company Profile, Product Information, and Contact Information? What Was the Global Market Status of the Pharmaceutical Glass Packaging Market? What Was the Capacity, Production Value, Cost and PROFIT of the Pharmaceutical Glass Packaging Market? What Is the Current Market Status of the Pharmaceutical Glass Packaging Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Pharmaceutical Glass Packaging Market by Considering Applications and Types? What Are Projections of the Global Pharmaceutical Glass Packaging Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports? What Is Pharmaceutical Glass Packaging Market Chain Analysis by Upstream Raw Materials and Downstream Industry? What Is the Economic Impact On Pharmaceutical Glass Packaging Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends? What Are Market Dynamics of Pharmaceutical Glass Packaging Market? What Are Challenges and Opportunities? What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Pharmaceutical Glass Packaging Industry? Click Here to Access a Free Sample Report of the Global Pharmaceutical Glass Packaging Market @ Reasons to Purchase Pharmaceutical Glass Packaging Market Report Pharmaceutical Glass Packaging Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors. Pharmaceutical Glass Packaging Market report outlines market value (USD) data for each segment and sub-segment. This report indicates the region and segment expected to witness the fastest growth and dominate the market. Pharmaceutical Glass Packaging Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region. The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled. Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players. The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions. Pharmaceutical Glass Packaging Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain. Reasons for the Research Report The study provides a thorough overview of the global Pharmaceutical Glass Packaging market. Compare your performance to that of the market as a whole. Aim to maintain competitiveness while innovations from established key players fuel market growth. Buy this Premium Pharmaceutical Glass Packaging Research Report | Fast Delivery Available - [220+ Pages] @ What does the report include? Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Pharmaceutical Glass Packaging market analysis. The competitive environment of current and potential participants in the Pharmaceutical Glass Packaging market is covered in the report, as well as those companies' strategic product development ambitions. According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions. For each segment mentioned above, actual market sizes and forecasts have been given. Who should buy this report? Participants and stakeholders worldwide Pharmaceutical Glass Packaging market should find this report useful. The research will be useful to all market participants in the Pharmaceutical Glass Packaging industry. Managers in the Pharmaceutical Glass Packaging sector are interested in publishing up-to-date and projected data about the worldwide Pharmaceutical Glass Packaging market. Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Pharmaceutical Glass Packaging products' market trends. Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. Request a Customized Copy of the Pharmaceutical Glass Packaging Market Report @ About Business Research Industry: Business Research Industry is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains. BRI provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey. 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