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    Recycled Glass Market Report

    Recycled Glass Market Report
    Report code - SR1686 Delivery - 2 Weeks
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    Recycled Glass Market Size, Share, Trend, Forecast, & Industry Analysis: 2021-202 See more...

    Market Insights

    The Recycled Glass market is projected to grow from USD 3.7 billion in 2020 to USD 5.0 billion by 2026 at a CAGR of over 5.2% during the forecast period.

    Recycled Glass market - Research Scope

    Base Year of Study

    2020

    Trend Period

    2015-2019

    Forecast Period

    2021-2026

    Market Size in 2020

    USD 3.7 billion

    Market Size in 2026

    USD 5.0 billion

    Market Growth (2021-2026)

    5.2% CAGR

     

    Figure: Recycled Glass Market Size, 2020-2026 (USD Billion)

    Recycled-Glass-Market-Forecast

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    What is recycled glass?

    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-Snapshot

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    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. Moreover, favorable government initiatives and increasing awareness campaigns for cleanliness further bolster the market growth. In addition, technological advancements encouraging the usage of recycled glass in automotive and construction will offer future growth opportunities to the market players.

    COVID-19 Impact on Global Recycled Glass Market

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

    Segments' Analysis

    Product Trends

    Based on product, the global recycled glass market has been classified into cullet, crushed glass, and glass powder. Under these, the cullet segment held the largest market share in 2020 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 requirement, and further extends the life of the furnace to a minimum of 30%, thereby bolstering the segment growth.

    Regional Trends

    By region, the European market held a significant market share in 2020 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-By-Region

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    Critical Questions Answered in the Report

    This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global recycled glass market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026. Following are the critical questions answered in the report-

    • What are the key trends in the recycled glass market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the recycled glass market? 
    • What are the key strategies adopted by the major vendors to lead in the global recycled glass market?
    • What is the market share of the top vendors?

    Key Players

    Key players operating in the recycled glass market are-

    • 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)

    Target Audience

    Here is the list of the group of customers that the recycled glass market hopes to have the greatest opportunity to convert-

    • Recycled Glass companies
    • Recycled Glass distributors
    • Glass companies
    • Government organizations

    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 at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The recycled glass market is expected to witness an impressive growth of 5.2% CAGR in the coming years.

    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), and Consol Glass (Pty) Ltd (South Africa) are among the key players in the recycled glass market.

    The recycled glass market size is expected to reach USD 5.0 billion in the foreseeable future.

    The cullet segment held the largest share in the recycled glass market in 2020.

    Europe is expected to grow at a healthy CAGR in the recycled glass market in the next five years.

    Recycled Glass companies, Recycled Glass distributors, Glass companies, Government organizations are the target audience in the recycled glass market.

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