The global recycled glass market was valued at $3,529.2 million in 2017 and is projected to reach $5,544.9 million by 2025, growing at a CAGR of 5.7% from 2020 to 2025.
Recycled Glass are glass obtained after processing of waste glass into usable products. Glass is 100% recyclable and is recycled from readily available domestic materials such as sand, limestone, soda ash, and cullet. . Out of all the materials, sand is used in greater volume. Sand, limestone, soda ash and cullet are all mixed, batched, and heated to a temperature of 2600-2800 degrees Fahrenheit and molded into the desired shape in the process of glass recycling. Cullet is used increasingly as it can be substituted for up to 95% of raw materials.
Swift industrialization has resulted in large landfills of waste, which have boosted the demand for recycled products. This is one of the major factors driving the growth of the recycled glass market. Additionally, several government initiatives and awareness campaign for cleanliness are also expected to fuel the growth of the global recycled glass market. The Sustainable Singapore Blueprint is one of the initiatives taken by the Singapore Government to reach its zero-waste goal. On the contrary, complex manufacturing process and contamination by unwanted materials present in product waste stream are expected to hamper the growth of the global recycled glass market.
The global recycled glass market is segmented based on product and application. Based on product, the market is segmented into cullet, crushed glass, and glass powder. On the basis of application, it is segmented into bottle & containers, flat glass, fiber glass, highway beads, and others. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the global recycled glass market are Strategic Materials, Momentum Recycling, Reiling Glass Recycling GmbH & Co. KG, Glass Recycled Surfaces, Coloured Aggregates Inc., Harsco Corporation, Vetropack Holding Ltd., Ngwenya Glass, Gallo Glass Company, and G.R.L, Glasrecyclin.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
Crushed Glass
Glass Powder
Flat Glass
Fiber Glass
Highway Beads
Others
o U.S.
o Canada
o Mexico
Europe
o Germany
o France
o Italy
o UK
o Rest of Europe
Asia-Pacific
o China
o Japan
o South Korea
o India
o Australia
o Rest of Asia-Pacific
LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA
Recycled Glass are glass obtained after processing of waste glass into usable products. Glass is 100% recyclable and is recycled from readily available domestic materials such as sand, limestone, soda ash, and cullet. . Out of all the materials, sand is used in greater volume. Sand, limestone, soda ash and cullet are all mixed, batched, and heated to a temperature of 2600-2800 degrees Fahrenheit and molded into the desired shape in the process of glass recycling. Cullet is used increasingly as it can be substituted for up to 95% of raw materials.
Swift industrialization has resulted in large landfills of waste, which have boosted the demand for recycled products. This is one of the major factors driving the growth of the recycled glass market. Additionally, several government initiatives and awareness campaign for cleanliness are also expected to fuel the growth of the global recycled glass market. The Sustainable Singapore Blueprint is one of the initiatives taken by the Singapore Government to reach its zero-waste goal. On the contrary, complex manufacturing process and contamination by unwanted materials present in product waste stream are expected to hamper the growth of the global recycled glass market.
The global recycled glass market is segmented based on product and application. Based on product, the market is segmented into cullet, crushed glass, and glass powder. On the basis of application, it is segmented into bottle & containers, flat glass, fiber glass, highway beads, and others. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the global recycled glass market are Strategic Materials, Momentum Recycling, Reiling Glass Recycling GmbH & Co. KG, Glass Recycled Surfaces, Coloured Aggregates Inc., Harsco Corporation, Vetropack Holding Ltd., Ngwenya Glass, Gallo Glass Company, and G.R.L, Glasrecyclin.
KEY BENEFITS FOR STAKEHOLDERS
- Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- It outlines the current trends and future scenario of the recycled glass market size from 2020 to 2025 to understand the prevailing opportunities and potential investment pockets.
- Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, and recycled glass market opportunities and their detailed impact analysis are elucidated in the study.
- The profiles of key players along with their key strategic developments are enlisted in the report.
KEY MARKET SEGMENTS
- By Product
Crushed Glass
Glass Powder
- By Application
Flat Glass
Fiber Glass
Highway Beads
Others
- By Region
o U.S.
o Canada
o Mexico
Europe
o Germany
o France
o Italy
o UK
o Rest of Europe
Asia-Pacific
o China
o Japan
o South Korea
o India
o Australia
o Rest of Asia-Pacific
LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: RECYCLED GLASS MARKET, BY PRODUCT
CHAPTER 5: RECYCLED GLASS MARKET, BY APPLICATION
CHAPTER 6: RECYCLED GLASS MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES: RECYCLED GLASS MAKERS
Executive Summary
This recycled glass market report forecasts that the global recycled glass market growth is expected to garner $5,544.9 million by 2025, registering a CAGR of 5.7%.The key factors that drive the growth of this market include growth in industrialization that has resulted in large landfills of waste, thereby boosting the demand for recycled products. In addition, supportive government initiatives and awareness campaign for cleanliness are also expected to fuel the growth of the global recycled glass industry. The state of Oregon passed a law in 1971, requiring buyers of carbonated beverages (such as beer and soda) to pay five cents per container, which is increased to ten cents in April 2017, as a deposit that would be refunded to anyone who returned the container for recycling.
Same law is followed in nine other states including New York and California. Public policy and legislation, including the UK Waste Strategy and Packaging Waste Regulations support to increase recycling rates, which is currently just over 30% in Great Britain for glass. Across Continental Europe, several countries report glass recycling rates of 60-80%. The European Commission is considering proposals for a 75% target for all member states.
Industrial scale recycling is being introduced in China since the price and demand for raw materials has increased. In addition, China receives large amount of recycled materials from abroad. More than half of all the PET bottles used in Britain are recycled in China. However, complex manufacturing process and contamination by unwanted materials present in product waste stream are expected to hamper the growth of the global recycled glass market.
Cullet is extremely useful while recycling glass. Cullet allows glass manufacturers to reduce need for raw materials. Major ingredients used in glassmaking are sand (mainly silica, SiO2), limestone (CaCO3), and sodium carbonate (also known as soda ash, Na2CO3). One kilogram of cullet replaces 1.2 kg of raw materials and helps manufacturers save energy costs. In spite of cullet’s long list of benefits, glassmakers are limited by what recycled material is available to them at a manageable cost. Getting cullet in a clean, furnace-ready form requires a lot of processing and that processing is carried out inefficiently. This restricts the use of recycled glass in various applications.
The global recycled glass market is segmented based on product and application. Based on product, the market is segmented into cullet, crushed glass, and glass powder. On the basis of application, the recycled market is segmented into bottle & containers, flat glass, fiber glass, highway beads, and others. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
Key Findings of the Recycled Glass Market:
The Asia-Pacific market is predicted to grow with a CAGR of 5.6% by 2025.
The Cullet segment is expected to hold a dominant share of the market in terms of revenue, over the projected period.
The Bottle & Containers application segment held a major share in the global market and is projected to grow with a CAGR of 6.2% by 2025.
The qualitative data in the report aims on the recycled glass market trends, dynamics, and developments in the recycled glass industry while the quantitative data provides information about the recycled glass market share and recycled glass market size in terms of revenue and volume.
The market players have adopted agreement, partnership, and expansion as their key strategies to gain competitive advantage in this market. The key players profiled in this report include Strategic Materials, Momentum Recycling, Reiling Glass Recycling GmbH & Co. KG, Glass Recycled Surfaces, Coloured Aggregates Inc., Harsco Corporation, Vetropack Holding Ltd., Ngwenya Glass, Gallo Glass Company, and G.R.L, Glasrecyclin.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 290 |
| Published | May 2019 |
| Forecast Period | 2017 - 2025 |
| Estimated Market Value ( USD | $ 3529.2 million |
| Forecasted Market Value ( USD | $ 5544.9 million |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
