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  • 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, Outlook & Industry Analysis: 2022 See more...

    Market Insights

    The Recycled Glass Market 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-Chart

    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.

    COVID-19 Impact on the market

    The COVID-19 pandemic has adversely affected the recycled glass industry because 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.

    Recycled Glass Market Highlights

    Market Size in 2028

    USD 1860.06 Million

    Market Size in 2021

    USD 1189.12 Million

    Market Growth (2022-2028)

    CAGR of 6.6%

    Base Year of Study

    2021

    Trend Period

    2016-2020

    Forecast Period

    2022-2028

    Dominant Region

    European market held a significant market share in 2021 and is projected to grow at a healthy CAGR in the coming years.

    Key Players

    Key players operating in the 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)

    Market Dynamics

    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-

    • Favourable 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

    Recycled-Glass-Market-Snapshot

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    Segments Analysis

    Product Trends

    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 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 requirement, and further extends the life of the furnace to a minimum of 30%, thereby bolstering the segment growth.

    End-use Trends

    The market has been classified into glass bottle and containers, flat Glass, fiber Glass, highway beads, abrasives, fillers. Under these, 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. Flat glass segment is expected to witness the fastest growth.

    Regional Analysis

    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-by-Region

    Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Report - Features

    Market Segmentation

    3

    Regions Covered

    5

    Countries/Sub-Regions Covered

    16

    No. of Figures & Tables

    >70

    Company Profiles

    10

    The market is segmented in 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

    Recycled-Glass-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of 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 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the 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 requirement?

    10% free customization

    Target Audience

    Here is the list of the group of customers that the 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.

    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 programme

    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)

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

    The recycled glass market is expected to witness an impressive growth of 6.6% CAGR during 2022-2028.

    The recycled glass market size is expected to reach USD 1860.06 million in 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.

    Favourable 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 are some of the factors driving the growth of the market.

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

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

    Cullet segment held the major market share in 2021.

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