Global Recycled Glass Market

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 News

  • 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.
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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 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. '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.'

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.

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.

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.

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Global Recycled Glass Market

Report ID: SQMIG15G2055

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