The growing focus on effective waste management and the implementation of sustainable development programs by governments across the globe are stimulating the growth of the recycled glass market.
Market Size - USD 3.63 Billion in 2019, Market Growth - CAGR of 4.8%, Market Trends - Extensive product application and demand from the construction sector.
The Global Recycled Glass Market size was valued at USD 3.63 billion in 2019 and is estimated to reach USD 5.27 billion, exhibiting a CAGR of 4.8% over the forecast period. The major implementation of effective waste management and sustainable development programs, along with government initiatives encouraging the usage of recycled glass, are key factors driving the market growth.
Both developing and developed countries across the globe are working towards the augmentation of waste glass deposit programs for the effective management of waste. For instance, all drinking containers made of metal, glass, or plastic in England are covered under the deposit-return scheme, which is run by the regional government. The scheme was hosted in order to reduce the amount of litter polluting land and sea, recurring a small cash sum to consumers on the return of these bottles and cans. Several similar schemes are operational in nearly 38 countries across the globe.
Glass recycling can play a pivotal role in waste management as well as in reducing the negative impact of glass waste on the environment. Most developed countries are promoting the recycling of glass with the introduction of schemes, grants, and funds. Developing economies are also not far in following the footsteps of developed countries towards the glass recycling trend. Growing environmental concerns and consumer awareness regarding effective waste management is poised to propel recycled glass market expansion through 2027. Moreover, rapid urbanization and industrialization trends, along with growing product demand for construction and automobile applications, will further supplement recycled glass market share over the forecast period.
Further key findings from the report suggest
For the purpose of the study, Reports and Data has segmented the Global Recycled Glass Market on the basis of source, product, application, and region:
Source Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
Product Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
Regional Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
Reasons to Buy the Report
Market Size - USD 3.63 Billion in 2019, Market Growth - CAGR of 4.8%, Market Trends - Extensive product application and demand from the construction sector.
The Global Recycled Glass Market size was valued at USD 3.63 billion in 2019 and is estimated to reach USD 5.27 billion, exhibiting a CAGR of 4.8% over the forecast period. The major implementation of effective waste management and sustainable development programs, along with government initiatives encouraging the usage of recycled glass, are key factors driving the market growth.
Both developing and developed countries across the globe are working towards the augmentation of waste glass deposit programs for the effective management of waste. For instance, all drinking containers made of metal, glass, or plastic in England are covered under the deposit-return scheme, which is run by the regional government. The scheme was hosted in order to reduce the amount of litter polluting land and sea, recurring a small cash sum to consumers on the return of these bottles and cans. Several similar schemes are operational in nearly 38 countries across the globe.
Glass recycling can play a pivotal role in waste management as well as in reducing the negative impact of glass waste on the environment. Most developed countries are promoting the recycling of glass with the introduction of schemes, grants, and funds. Developing economies are also not far in following the footsteps of developed countries towards the glass recycling trend. Growing environmental concerns and consumer awareness regarding effective waste management is poised to propel recycled glass market expansion through 2027. Moreover, rapid urbanization and industrialization trends, along with growing product demand for construction and automobile applications, will further supplement recycled glass market share over the forecast period.
Further key findings from the report suggest
- Based on product, the cullet segment held a majority of the global recycled glass market share in the base year 2019 and is poised to gain significant traction over the analysis period due to the high operational efficiency provided by the product in glass applications.
- In terms of source segment, the deposit program accounted for 41.3% of the recycled glass market revenue share in the base year and is anticipated to showcase a growth rate of 7.5% over the projected timeline.
- Based on application, the fiberglass segment is anticipated to witness robust growth on account of excellent product characteristics, such as insulation properties, superior resistive characteristics, and low coefficient of linear expansion. The growing consumption of fiberglass in various end-user industries, including automotive, aerospace & defense, manufacturing, food processing, power generation, metals & mining, pulp & paper, and others, may foster segmental growth until 2027.
- Regionally, Europe held 12.4% of the recycled glass market share in 2019 and is set to garner major gains through 2027 on account of growing awareness and efforts towards recycling practices, supported by government initiatives that are promoting recycled glass usage. Many European countries have imposed heavy landfill tax rates in a bid to stop the disposal of glass wastes in landfills. This may further boost Europe's recycled glass market growth.
- North America is expected to exhibit a CAGR of 4.2% through 2027.
- The Asia Pacific region is forecast to witness a notable growth rate of 7.1% over the projected timeframe.
- Prominent industry players contributing to the recycled glass market share are ACE Glass Recycling, Strategic Materials Inc, Balcones Resources, Ripple Glass, Gallo Glass Company, Pace Glass Inc, CAP Glass, Bradish Glass Inc, Dlubak Glass Company, and Momentum Recycling LLC, among others.
- Industry players are undertaking a number of strategies to gain a competitive edge over other players and cater to the growing product demand. For instance, Strategic Materials Inc., a leader in the recycling market, made an announcement in January 2020 regarding the expansion of its crushed glass abrasives production by setting up a new facility in Houston, Texas, to accommodate the growing domestic demand.
For the purpose of the study, Reports and Data has segmented the Global Recycled Glass Market on the basis of source, product, application, and region:
Source Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Deposit Program
- Drop Off/Buy Back Centers
- Curbside Pickups
Product Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Cullet
- Crushed Glass
- Glass Powder
Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Glass Bottle & Containers
- Fiber Glass
- Flat Glass
- Highway Beads
- Abrasives
- Fillers
- Others
Regional Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- North America
- U.S.
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Recycled Glass Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Recycled Glass market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Recycled Glass Market Segmentation & Impact Analysis
Chapter 5. Recycled Glass Market Segmentation By Source Insights & Trends
Chapter 6. Recycled Glass Market Segmentation By Product Insights & Trends
Chapter 7. Recycled Glass Market Segmentation By Application Insights & Trends
Chapter 8. Recycled Glass Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
Companies Mentioned
- Strategic Materials Inc
- ACE Glass Recycling
- Balcones Resources
- Gallo Glass Company
- Ripple Glass
- Pace Glass Inc
- Momentum Recycling LLC
- CAP Glass
- Bradish Glass Inc
- Dlubak Glass Company
