USD 4.24 billion
Recycled Glass Market Size, Share, Growth Analysis, By Product(Cullet, Crushed Glass, Glass powder, others.), By Application(Bottle & container, Flat glass, Fiberglass, Highway Beds), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15G2055 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
68
|Figures:
75
Recycled Glass Market Insights
Recycled Glass Market size was valued at USD 4.24 billion in 2019 and is poised to grow from USD 4.51 billion in 2023 to USD 7.35 billion by 2031, growing at a CAGR of 6.4% in the forecast period (2024-2031).
The rapid industrial development causing landfills of waste boosts the growth of the recycled glass market globally. Ecological progress, coupled with rising management initiatives and programs for awareness are also factors driving the growth of the recycled glass market. Furthermore, increasing glass waste is one of the problems faced globally and most of these are used to fill lands and burners thus causing global warming. Therefore, increasing administration initiatives to encourage the use of recycled glass for efficient waste management is one of the reasons for the growth of the recycled glass sector. Recycled glass is made by recycling waste and broken glass for further processing into new products. Because of its amazing properties, glass can recycle as may as time possible by crushing it, melting and blending it with sand, and processed into a brand new product. Reusing used or broken glass plays an important role in controlling waste worldwide and increasing demand for glass products that it is eco friendly and does not harm the environment in any way will drive the market growth over the forecast period.
US Recycled Glass Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Cullet
Fastest Growth
Cullet
Growth Rate
6.4% CAGR
Global Recycled Glass Market 2021-2028 ($ Bn)
Country Share for Europe Region- 2021 (%)
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Recycled Glass Market Segmental Analysis
The Global Recycled Glass Market is segmented based on Product, Application, and region. Based on Product, the market is segmented into Cullet, Crushed Glass, Glass powder, and others. Based on Application, the market is segmented into Bottle & container, Flat glass, Fiberglass, Highway Beds, Abrasives, Fillers, and others. Based on region, the global Recycled Glass market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Recycled Glass Market Analysis by Product
In 2021, the cullet segment of the recycled glass market held the largest market share and is expected to hold the same throughout the analysis period. Based on products the market is segmented into Cullet, Crushed Glass, Glass powder, and others. The crush glass segment is expected to grow at the highest CAGR during the forecast period. The dominance of the cullet segment is due to the growing demand for glass products, these recycled products provide up to the same quality as the new raw materials would provide. So, balancing the color by removing impurities cullet glass is used as a cheaper alternative to new glass material for production. The growing cost of raw materials due to disruption in the supply chain is also a major reason for increasing demand for glasses globally and will help the recycled glass market to grow during the forecast period.
Recycled Glass Market Analysis by Application
Recycle glass market is segmented into Bottle & container, Flat glass, Fiberglas, Highway Beds, Abrasives, Fillers, and others based on the application area. The bottle & container glass accounts for 60% of the total market share for the recycling glass industry for the year 2021 and the fiberglass segment is expected to register the fastest growth during the forecast period.
Superior insulation and durability of glass products make them all-weather products for storage of various items which consist of food and beverages. These items do not lose their taste or color while stored in a glass container and last longer because glass is the least reactive material. because of this, the demand for glass vassals is soring at a tremendous rate which in turn is driving the growth of the recycled glass market over the analysis period.
Global Recycled Glass Market Share By Product, 2021 (%)
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Recycled Glass Market Regional Insights
In terms of revenue, Europe accounts for the largest market share in the recycled glass market in the year 2021. Europe has the highest recycling rate of 73% which is the highest globally. Increasing government support for recycling and the use of these products helps it to dominate the market and will stay the same through the analysis period.
The Asia Pacific is expected to grow at the fastest pace during the forecast period. Increasing awareness in consumers regarding the harmful effects of plastic in food storage is driving the glass container industry in the region which is pushing the growth of the recycled glass market.
Global Recycled Glass Market By Geography, 2021 - 2028
- Largest
- Fastest
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Recycled Glass Market Dynamics
Recycled Glass Market Driver
- Government initiatives to increase the use of reprocessed products to reduce wastage and reduce the effect of climate change are one of the major reasons for the growth of the recycled glass market. Glass can play an important role in the recycling market as the products made for it is as good as a new one if the impurities are contained proportionately.
- Recycled glass from various sources such as soda bottles and other containers are very good for recycling and using it for storing products in it. This help companies to save cost on procuring the new containers and reusing the recycled vassals. All these will increase the market demand for recycled glass over the analysis period.
Recycled Glass Market Restraint
- Sometimes the process of recycling and the presence of contamination is difficult to process. The major factors such as a lack of end markets, contamination, and shipping costs—in part because it weighs around ten times as much as a comparable volume of plastic or metal are projected to restrain the growth of the recycled glass market during the analysis period.
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Recycled Glass Market Competitive Landscape
The Recycled Glass market is relatively fragmented, with a high level of competition. Few large players, like Coloured Aggregates Inc., Strategic Materials Inc, and Momentum Recycling, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.
Recycled Glass Market Top Player’s Company Profiles
- Strategic Materials Inc.
- Coloured Aggregates Inc.
- Gallo Glass Company
- Ardagh Group S.A.
- Momentum Recycling LLC
- Vetropack Holding Ltd.
- Verallia Packaging SAS
- Owens-Illinois Inc.
- Glass Recycled Surfaces
- Vidroporto S.A.
- Vitro S.A.B. de C.V.
- Compagnie de Saint-Gobain S.A.
- Recresco Ltd.
- Pace Glass Inc.
- Richfield Industries
- Kimble Chase Life Science and Research Products LLC
- Triveni Glass Ltd.
- BMT CO. LTD.
- Gerresheimer AG
- Stölzle Glass Group.
Recycled Glass Market Recent Developments
- In April 2022, the German automaker company VW group announced a pilot project for car glass recycling. This will help the automaker in cost reduction and reuse the broken and shattered glasses by recycling them.
- In January 2022, Sabic announced the launch of a new compound including recycled glass fiber in it. This recycled glass fiber is present at a proportion of 36% and offers tremendous mechanical property as compared to virgin glass fiber.
Recycled Glass Key Market Trends
- The endless use of recycled glass has made it a product that companies can replicate as many times as they want. These glasses can be made by crushing them and again heating and melting them with sand and can be reused for making different products from it which is a very viable way for producing products cheaper.
- Exponential qualities of recycled glass are increasing their demand from various glass manufacturing companies. Recycled glass can account for a major portion of the raw material used for producing a new one. These are some of the major reasons for the recycled glass market growth.
Recycled Glass Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, Europe has the highest recycling rate of 73% which is the highest globally. Increasing government support for recycling and the use of these products helps it to dominate the market and will stay the same through the analysis period. The bottle & container glass accounts for 60% of the total market share for the recycling glass industry for the year 2021 and the fiberglass segment is expected to register the fastest growth during the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 4.24 billion |
| Market size value in 2031 | USD 7.35 billion |
| Growth Rate | 6.4% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Recycled Glass Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Recycled Glass Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Recycled Glass Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Recycled Glass Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Recycled Glass Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Recycled Glass Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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