Recycled Glass Market Analysis | 2022-2028

Recycled Glass Market Analysis | 2022-2028

Recycled Glass Market Analysis | 2022-2028
Report code - SR1686 Delivery - 2 Weeks
Recycled Glass Market Size, Share, Trends, Forecast, & Growth Analysis: 2022-2028
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Market Insights

"The global recycled glass market size was estimated at USD 1189.12 million in 2021 and is likely to grow at a CAGR of 6.6% during 2022-2028 to reach USD 1860.06 million in 2028."

Recycled-Glass-Market-Size

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Glass which is obtained after processing waste glass into usable products is referred to as recycled glass. It is 100% recyclable and can be easily recycled without any loss in purity or quality. This glass can substitute almost 95% of the raw materials which are utilized in glass production.

Recycled Glass Market Report Overview

Market Size in 2021

USD 1189.12 Million

Market Size in 2028

USD 1860.06 Million

Market Growth (2022-2028)

CAGR of 6.6%

Base Year of Study

2021

Trend Period

2016-2020

Forecast Period

2022-2028

Market Dynamics

Market Drivers

Rapid industrialization and urbanization have led to large landfills of waste, which has augmented the need for recycled products, thus boosting the demand for recycled glass products.

Other major factors driving the market are-

  • Favorable government initiatives and increasing awareness campaigns for cleanliness
  • Technological advancements encouraging the usage of recycled glass in automotive and construction
  • Increasing environmental concerns to address climate emergencies

COVID-19 Impact

The COVID-19 pandemic has adversely affected the recycled glass industry because of the shutdown of recycling activities due to a limited workforce and social distancing norms. Moreover, supply chain disruption and restricted transportation further affected the market growth, amid the pandemic.

Segments Analysis

Segmentations

List of Sub-Segments

Dominant and Fastest-Growing Segments

Product-Type Analysis

Cullet, Crushed Glass, Glass Powder

The cullet segment is likely to grow at a considered CAGR during the forecast period.

End-Use-Type Analysis

Glass Bottle and Containers, Flat Glass, Fiber Glass, Highway Beads, Abrasives, Fillers

The glass bottle and containers segment held the major market share in 2021.

Regional Analysis

North America, Europe, Asia-Pacific, and Rest of the World

The European market is projected to grow at a healthy CAGR in the coming years.

Product Trends

"The cullet segment accounted for the largest market share."

The recycled glass market has been classified into cullet, crushed glass, and glass powder. The cullet segment held the largest market share in 2021 and is likely to grow at a considered CAGR during the forecast period. Cullet reduces the amount of raw material used, exhibits low melting power requirements, and further extends the life of the furnace to a minimum of 30%, thereby bolstering segment growth.

End-Use Trends

"The glass bottles and containers segment accounted for the largest market share."

The market has been classified into glass bottles and containers, flat glass, fiberglass, highway beads, abrasives, and fillers. The glass bottle and containers segment held the major market share in 2021. Increasing use of recycled glass for manufacturing bottles and containers is the prime factor driving the growth of the segment. The flat glass segment is expected to witness the fastest growth.

Regional Insights

"Europe accounted for the largest market share."

The European market held a significant market share in 2021 and is projected to grow at a healthy CAGR in the coming years. Europe has high awareness regarding landfills well as is promoting the reuse of glass with supportive government policies. Moreover, the European Union introduced the circular economy package to further enhance waste management and recycling activities, thus proliferating regional market growth.

Recycled-Glass-Market-Regional-Insights

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Key Players

The following are the key players in the recycled glass market (arranged alphabetically).

  • Berryman Glass Recycling (UK)
  • Coloured Aggregates (Canada)
  • Consol Glass (Pty) Ltd (South Africa)
  • Dlubak Glass Company (US)
  • Glass Recycled Surfaces (US)
  • Harsco Minerals International (US)
  • Momentum Recycling (US)
  • Strategic Material (US)
  • Vetropack Holding (Switzerland)
  • Vitro Minerals (US)

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s recycled glass market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Key questions this report answers

Relevant contents in the report

How big is the sales opportunity?

In-depth Analysis of the Recycled Glass Market

How lucrative is the future?

Market forecast and trend data and emerging trends

Which regions offer the best sales opportunities?

Global, regional, and country-level historical data and forecasts

Which are the most attractive market segments?

Market Segment Analysis and Forecast

Which are the top players and their market positioning?

Competitive landscape analysis, Market share analysis

How complex is the business environment?

Porter’s five forces analysis, PEST analysis, Life cycle analysis

What are the factors affecting the market?

Drivers & challenges

Will I get the information on my specific requirements?

10% free customization

The recycled glass market is segmented into the following categories.

By Product Type

  • Cullet
  • Crushed Glass
  • Glass Powder

By End-Use Type

  • Glass Bottle and Containers
  • Flat Glass
  • Fiber Glass
  • Highway Beads
  • Abrasives
  • Fillers

By Region

  • North America (US, Canada, Mexico)
  • Europe (Germany, UK, France, Italy, Spain, Rest of Europe)
  • Asia-pacific (China, India, Japan, South Korea, Rest of Asia-pacific)
  • Middle East & Africa
  • South America

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to 3 players)
  • SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

Recent Development

Oct 2022: Orora commences operation of glass recycling facility

Australian glass manufacturer Orora has commenced operation of a $25m glass beneficiation facility in South Australia. The facility will increase the recycled content in its manufactured glass products.

Oct 2022: STRATEGIC MATERIALS, INC. ACQUIRES RIPPLE GLASS

North America's largest glass recycler, Strategic Materials, Inc. (SMI), announced the acquisition of Kansas City, Missouri-based Ripple Glass. The acquisition will accelerate SMI's plan to bolster glass collection programs and increase glass recovery rates across North America.

Sep 2022: Smirnoff partners with GPI in recycling program

Smirnoff has partnered with the Don't Trash Glass (DTG) campaign, a combined effort between GPI and GlassKing Recovery & Recycling. Smirnoff will support the campaign's effort to gather used and discarded glass bottles, increasing the total available recycled glass in Chicago.

Frequently Asked Questions (FAQs)

Glass which is obtained after processing waste glass into usable products is referred to as recycled glass. It is 100% recyclable and can be easily recycled without any loss in purity or quality. This glass can substitute almost 95% of the raw materials which are utilized in glass production.

The recycled glass market was estimated at USD 1189.12 million in 2021.

The recycled glass market is likely to reach USD 1860.06 million in 2028.

The recycled glass market is likely to grow at a CAGR of 6.6% during 2022-2028.

Strategic Material (US), Berryman Glass Recycling (UK), Vetropack Holding (Switzerland), Vitro Minerals (US), Glass Recycled Surfaces (US), Dlubak Glass Company (US), Momentum Recycling (US), Harsco Minerals International (US), Coloured Aggregates (Canada), Consol Glass (Pty) Ltd (South Africa) are among the key players in the market.

Favorable government initiatives and increasing awareness campaigns for cleanliness, technological advancements encouraging the usage of recycled glass in automotive and construction, and increasing environmental concerns to address climate emergencies are some of the factors driving the growth of the market.

Europe is expected to remain the dominant region in the market during the forecast period.

The glass bottle and containers segment held the major market share in 2021.

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