Recycled Glass Market Size, Share & Industry Analysis, By Product (Cullet, Glass Powder, Crushed Glass, Others), By Application (Flat Glass, Glass Containers, Glass Bottle, Fiber Glass, Highway Beads, Abrasives, Fillers, Others) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI104581 | Status : Ongoing

KEY INDUSTRY INSIGHTS

Recycled glass is the product obtained from recycling old and waste glass. This recycled glass is further used to manufacture new usable products. Glass can be recycled endlessly by process of crushing, melting and blending together along with sand and other starting materials. the furnace ready recycled glass is known as cullet. Attributed to the exceptional property of being completely recyclable without altering quality and purity manufacturers tend to recycle glass and reuse it. The environmental benefits of recycled glass, driven by the rising demand for sustainable products, are significantly boosting the recycled glass market size.

Increasing demand from glass manufacturing companies attributed to the exceptional quality of the recycled glass shall foster the market growth. Almost 95% of the raw material used for glass production can be substituted by recycled glass which turns out to be economical. Additionally, increasing awareness about sustainable development in consumers is expected to drive the recycling glass market demand.

However, glass recycling involves use of machines for crushing, melting and binding of the waste glass which need high initial investment. This is expected to limit the recycled glass industry growth.

Key Market Driver -

Cost cutting and other commercial and environmental benefits.

Key Market Restraint -

High investment in recycling process

RECYCLED GLASS MARKET Segmentation Analysis:

Based on product, the global recycled glass market is segmented into cullet, glass powder, crushed glass, and others. Based on application, market is segmented into flat glass, glass containers, glass bottle, fiber glass, highway beads, abrasives, fillers, and other applications.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global recycled glass market consists of global & regional players operating.

Strategic Materials Inc.

Glass Recycled Surfaces

Berryman Glass Recycling

Vetropack Holding Ltd.

G.R.L. Glasrecycling NV

Vitro Minerals Inc.

Dlubak Glass Company

Consol Glass (Pty) Ltd.

Others

Key Insights

Key Emerging Trends – For Major Regions

Key Developments: Mergers, Acquisitions, Partnerships, and Others

Latest Technological Advancement

Insights on Sustainability

Porters Five Forces Analysis

Impact of COVID-19 on the Market

Regional RECYCLED GLASS MARKET Analysis:

The recycled glass market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe accounted for the largest share in market in 2019 due to the government initiatives supporting recycling. According to the Europe Glass Container Federation, (FEVE) the average recycling rate for glass packaging is 73%. Asia pacific is estimated to hold significant share attributed to the rising awareness in consumers regarding sustainable growth. North America is estimated to hold considerable share due to the large manufacturing base in U.s for glass and fiberglass. Latin America & Middle East & Africa shall exhibit sluggish growth by the end of forecast period.

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Segmentation

ATTRIBUTE	DETAILS
By Application	Flat Glass Glass Containers Glass Bottle Fiber Glass Highway Beads Abrasives Fillers Others
By Geography	North America (U.S., and Canada) Europe (Germany, UK, France, Italy, and Rest of Europe) Asia Pacific (China, India, Japan, and Rest of Asia Pacific) Latin America (Mexico, Brazil, and Rest of Latin America) Middle East & Africa (UAE, South Africa, and Rest of Middle East & Africa)

Recycled Glass Industry Developments

In April 2020, Strategic Materials deploys InfinityQS Enact to attain real-time visibility into quality and process performance. This step is estimated to standardize data collection and quality programs at the 31 manufacturing and recycling plants of North America’s one of the leading glass recycling company.

In January 2020, Strategic materials opened a new manufacturing facility for crushed glass abrasives in Houston to support the regional demand.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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