Improper waste management is causing global environmental problems. Waste glass may have adverse impacts on the ecosystem. While a substantial amount of soda-lime glass bottle (SGB) undergoes recycling to create new glass items, a significant volume still ends up in landfills. Therefore, the aim of this study was to explore the potential use of SGB in foamed concrete (FC) production as an aggregate replacement. SGB was substituted for sand in different weight fractions, ranging from 5 to 50%. The fresh state, mechanical, thermal, pore structure, and transport properties were examined. The findings showed a significant enhancement in the FC’s mechanical properties when SGB replaced 20% of sand. The compressive, flexural, and splitting tensile strengths exhibited a rise of up to 17.7, 39.4, and 43.8%, respectively. The findings also demonstrated that the addition of SGB improved the thermal conductivity, sorptivity, water absorption, and porosity. The scanning electron microscopy analysis indicated that the inclusion of 20% SGB caused a substantial decrease in void diameter and enhanced its uniformity. A comparison was made between the experimental data and predictions of the mechanical properties using various models of international standards, such as IS 456, ACI 318, NZS-3101, EC-02, AS 3600, and CEB-FIB, along with several references in the literature. The findings implied a strong correlation between the strength properties. The outcomes of this research offer valuable insights into both the possible advantages and constraints of using SGB in FC. Furthermore, this extensive laboratory investigation may serve as a guideline for future study and aid in the advancement of greener and more environmentally friendly FC alternatives.