The market is expected to grow from US$ 3,435.81 million in 2022 to US$ 4,571.62 million by 2028; it is estimated to grow at a CAGR of 4.1% from 2021 to 2028.
Glass recycling is a common practice followed in many countries across the globe. The glass packaging industry prefers recycled glass because it requires less energy to process and is more cost-effective than virgin glass. The waste generated in glass recycling is very low during the manufacturing process, and the same glass can be used repeatedly. The carbon footprint caused due to glass packaging can be dramatically reduced through the use of recycled glass. For instance, every 10% of recycled glass or cullet used in production results in an ~5% reduction in carbon emissions and saves ~3% of energy. The innovation in the glass recycling industry to improve the efficiency of the recycling rate has created attractive opportunities for recycled glass in the coming years. In the construction industry, recycled glass is used in concrete glass asphalt substrate, tiles, masonry blocks, flooring, and other decorative purposes. The major factors driving the recycled glass market growth are increased demand for eco-friendly packaging and per-capita income in developing economies. The COVID-19 pandemic has further decreased the demand for recycled glass due to the slowdown of major economies across the globe. Furthermore, the growth in the food & beverages, pharmaceutical, construction, and paints & coatings industries in various countries is projected to offer lucrative opportunities for the recycled glass market during the forecast period. However, the fluctuations in the prices of glass cullet and other product type are expected to hamper the market growth during the forecast period.
Based on product type, the recycled glass market is segmented into glass cullet, glass fines, and glass powder. The glass cullet segment held the largest share in the recycled glass market in 2021. The glass cullet is mostly used in bottles and containers, for manufacturing flat glass, and also in highway beads. Glass cullet in the industry is also known as furnace-ready recycled glass and is highly preferred in packaging industries.
In 2020, Europe held the largest revenue share of the recycled glass market. The major factor driving the recycled glass market growth in Europe is the high demand for recycled glass from the food & beverages, pharmaceutical, construction, and paints & coatings industries. Strong pharmaceutical and food & beverages industries in countries such as Germany, France, the UK, and Italy creates strong demand for recycled glass used in the packaging of finished products. The modernization and high purchasing power, especially in the developed economy, have led to an upsurge in the consumption of packaged products. The growing construction industry creates massive demand for recycled glass in Europe, further contributing to the recycled glass market growth.
Coloured Aggregates Inc.; Gallo Glass Company; Strategic Materials, Inc.; Vetropack; O-I Glass, Inc.; Dlubak Glass Company; G.R.L, Glasrecycling; Ardagh Group S.A.; Bradish Glass, Inc.; and Momentum Recycling, LLC are some of the major players operating in the recycled glass market. Players operating in the market are constantly focusing on strategies such as investments in research and development activities and new product launches. These market players are highly focused on the development of high-quality and innovative product offerings to fulfill the customer’s requirements.
The size of the overall recycled glass market has been derived using both primary and secondary source. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers - along with external consultants such as valuation experts, research analysts, and key opinion leaders - specializing in the recycled glass market.
Table of Contents
1. Introduction1.1 Research Report Guidance
1.2 Market Segmentation
1.2.1 Recycled Glass Market, by Source
1.2.2 Recycled Glass Market, by Application
1.2.3 Recycled Glass Market, by Geography
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Recycled Glass Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. Recycled Glass Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing demand of Eco-Friendly bottles and containers packaging
5.1.2 Increasing adoption of fiberglass insulation in many end-use industries
5.2 Market Restraints
5.2.1 High investment in recycling process
5.3 Market Opportunities
5.3.1 Government initiative to use recycled glass
5.4 Future Trends
5.4.1 Focus on sustainable development and waste management
5.5 Impact Analysis of Drivers and Restraints
6. Recycled Glass - Market Analysis
6.1 Recycled Glass Market Overview
6.2 Recycled Glass Market - Revenue and Forecast to 2028
6.3 Recycled Glass Market - Volume and Forecast to 2028
6.4 Competitive Positioning - Key Market Players
7. Recycled Glass Market Analysis - By Source
7.1 Overview
7.2 Global Recycled Glass Market Breakdown, by Source, 2020 and 2028
7.3 Glass Cullet
7.3.1 Overview
7.3.2 Glass Cullet: Global Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
7.3.3 Glass Cullet: Global Recycled Glass Market - Volume and Forecast to 2028 (Kilo Tons)
7.4 Glass Fines
7.4.1 Overview
7.4.2 Glass Fines: Global Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
7.4.3 Glass Fines: Global Recycled Glass Market - Volume and Forecast to 2028 (Kilo Tons)
7.5 Glass Powder
7.5.1 Overview
7.5.2 Glass Powder : Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
7.5.3 Glass Powder : Recycled Glass Market - Volume and Forecast to 2028 (Kilo Tons)
8. Recycled Glass Market Analysis - By Application
8.1 Overview
8.2 Global Recycled Glass Market Breakdown, by Application, 2020 and 2028
8.3 Bottles and Containers
8.3.1 Overview
8.3.2 Bottles and Containers: Global Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Fiberglass Insulation
8.4.1 Overview
8.4.2 Fiberglass Insulation: Global Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Abrasives
8.5.1 Overview
8.5.2 Abrasives: Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Filtration
8.6.1 Overview
8.6.2 Filtration: Global Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Global Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
9. Recycled Glass Market - Geographic Analysis
9.1 Overview
9.2 North America: Recycled Glass Market
9.2.1 North America: Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
9.2.2 North America: Recycled Glass Market - Volume and Forecast to 2028 (Kilo Tons)
9.2.3 North America: Recycled Glass Market, by Source
9.2.4 North America: Recycled Glass Market, by Application
9.2.5 North America: Recycled Glass Market, by Key Country
9.2.5.1 US: Recycled Glass Market- Analysis and Forecast to 2028 (US$ Million)
9.2.5.1.1 US: Recycled Glass Market, by Source
9.2.5.1.2 US: Recycled Glass Market, by Application
9.2.5.2 Canada: Recycled Glass Market- Analysis and Forecast to 2028 (US$ Million)
9.2.5.2.1 Canada: Recycled Glass Market, by Source
9.2.5.2.2 Canada: Recycled Glass Market, by Application
9.2.5.3 Mexico: Recycled Glass Market- Revenue and Forecast to 2028 (US$ Million)
9.2.5.3.1 Mexico: Recycled Glass Market, by Source
9.2.5.3.2 Mexico: Recycled Glass Market, by Application
9.3 Europe: Recycled Glass Market
9.3.1 Europe: Recycled Glass Market- Revenue and Forecast to 2028 (US$ Million)
9.3.2 Europe: Recycled Glass Market- Volume and Forecast to 2028 (Kilo Tons)
9.3.3 Europe: Recycled Glass Market, by Source
9.3.4 Europe: Recycled Glass Market, by Application
9.3.5 Europe: Recycled Glass Market, by Key Country
9.3.5.1 Germany: Recycled Glass Market- Revenue and Forecast to 2028 (US$ Million)
9.3.5.1.1 Germany: Recycled Glass Market, by Source
9.3.5.1.2 Germany: Recycled Glass Market, by Application
9.3.5.2 France: Recycled Glass Market- Revenue and Forecast to 2028 (US$ Million)
9.3.5.2.1 France: Recycled Glass Market- Volume and Forecast to 2028 (Kilo Tons)
9.3.5.2.2 France: Recycled Glass Market, by Source
9.3.5.2.3 France: Recycled Glass Market, by Application
9.3.5.3 Italy: Recycled Glass Market- Revenue and Forecast to 2028 (US$ Million)
9.3.5.3.1 Italy: Recycled Glass Market- Volume and Forecast to 2028 (Kilo Tons)
9.3.5.3.2 Italy: Recycled Glass Market, by Source
9.3.5.3.3 Italy: Recycled Glass Market, by Application
9.3.5.4 United Kingdom: Recycled Glass Market- Revenue and Forecast to 2028 (US$ Million)
9.3.5.4.1 United Kingdom: Recycled Glass Market- Volume and Forecast to 2028 (Kilo Tons)
9.3.5.4.2 United Kingdom: Recycled Glass Market, by Source
9.3.5.4.3 United Kingdom: Recycled Glass Market, by Application
9.3.5.5 Russia: Recycled Glass Market- Revenue and Forecast to 2028 (US$ Million)
9.3.5.5.1 Russia: Recycled Glass Market- Volume and Forecast to 2028 (Kilo Tons)
9.3.5.5.2 Russia: : Recycled Glass Market, by Source
9.3.5.5.3 Russia: : Recycled Glass Market, by Application
9.3.5.6 Rest of Europe: Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
9.3.5.6.1 Rest of Europe: Recycled Glass Market - Volume and Forecast to 2028 (Kilo Tons)
9.3.5.6.2 Rest of Europe: Recycled Glass Market, by Source
9.3.5.6.3 Rest of Europe: Recycled Glass Market, by Application
9.4 Asia Pacific: Recycled Glass Market
9.4.1 Asia Pacific: Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
9.4.2 Asia Pacific: Recycled Glass Market - Volume and Forecast to 2028 (Kilo Tons)
9.4.3 Asia Pacific: Recycled Glass Market, by Source
9.4.4 Asia Pacific: Recycled Glass Market, by Application
9.4.5 Asia Pacific: Recycled Glass Market, by Key Country
9.4.5.1 Australia: Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
9.4.5.1.1 Australia: Recycled Glass Market, by Source
9.4.5.1.2 Australia: Recycled Glass Market, by Application
9.4.5.2 China: Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
9.4.5.2.1 China: Recycled Glass Market - Volume and Forecast to 2028 (Kilo Tons)
9.4.5.2.2 China: Recycled Glass Market, by Source
9.4.5.2.3 China: Recycled Glass Market, by Application
9.4.5.3 India: Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
9.4.5.3.1 India: Recycled Glass Market - Volume and Forecast to 2028 (Kilo Tons)
9.4.5.3.2 India: Recycled Glass Market, by Source
9.4.5.3.3 India: Recycled Glass Market, by Application
9.4.5.4 Japan: Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
9.4.5.4.1 Japan: Recycled Glass Market - Volume and Forecast to 2028 (Kilo Tons)
9.4.5.4.2 Japan: Recycled Glass Market, by Source
9.4.5.4.3 Japan: Recycled Glass Market, by Application
9.4.5.5 South Korea: Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
9.4.5.5.1 South Korea: Recycled Glass Market - Volume and Forecast to 2028 (Kilo Tons)
9.4.5.5.2 South Korea: Recycled Glass Market, by Source
9.4.5.5.3 South Korea: Recycled Glass Market, by Application
9.4.5.6 Indonesia: Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
9.4.5.6.1 Indonesia: Recycled Glass Market - Volume and Forecast to 2028 (Kilo Tons)
9.4.5.6.2 Indonesia: Recycled Glass Market, by Source
9.4.5.6.3 Indonesia: Recycled Glass Market, by Application
9.4.5.7 Taiwan: Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
9.4.5.7.1 Taiwan: Recycled Glass Market - Volume and Forecast to 2028 (Kilo Tons)
9.4.5.7.2 Taiwan: Recycled Glass Market, by Source
9.4.5.7.3 Taiwan: Recycled Glass Market, by Application
9.4.5.8 Thailand: Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
9.4.5.8.1 Thailand: Recycled Glass Market - Volume and Forecast to 2028 (Kilo Tons)
9.4.5.8.2 Thailand: Recycled Glass Market, by Source
9.4.5.8.3 Thailand: Recycled Glass Market, by Application
9.4.5.9 Vietnam: Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
9.4.5.9.1 Vietnam: Recycled Glass Market - Volume and Forecast to 2028 (Kilo Tons)
9.4.5.9.2 Vietnam: Recycled Glass Market, by Source
9.4.5.9.3 Vietnam: Recycled Glass Market, by Application
9.4.5.10 Rest of Asia Pacific: Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
9.4.5.10.1 Rest of Asia Pacific: Recycled Glass Market - Volume and Forecast to 2028 (Kilo Tons)
9.4.5.10.2 Rest of Asia Pacific: Recycled Glass Market, by Source
9.4.5.10.3 Rest of Asia Pacific: Recycled Glass Market, by Application
9.5 Middle East and Africa: Recycled Glass Market
9.5.1 Middle East and Africa: Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
9.5.2 Middle East and Africa: Recycled Glass Market - Volume and Forecast to 2028 (Kilo Tons)
9.5.3 Middle East and Africa: Recycled Glass Market, by Source
9.5.4 Middle East and Africa: Recycled Glass Market, by Application
9.5.5 Middle East and Africa: Recycled Glass Market, by Key Country
9.5.5.1 South Africa: Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
9.5.5.1.1 South Africa: Recycled Glass Market, by Source
9.5.5.1.2 South Africa: Recycled Glass Market, by Application
9.5.5.2 Saudi Arabia: Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
9.5.5.2.1 Saudi Arabia: Recycled Glass Market - Volume and Forecast to 2028 (Kilo Tons)
9.5.5.2.2 Saudi Arabia: Recycled Glass Market, by Source
9.5.5.2.3 Saudi Arabia: Recycled Glass Market, by Application
9.5.5.3 UAE: Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
9.5.5.3.1 UAE: Recycled Glass Market - Volume and Forecast to 2028 (Kilo Tons)
9.5.5.3.2 UAE: Recycled Glass Market, by Source
9.5.5.3.3 UAE: Recycled Glass Market, by Application
9.5.5.4 Rest of MEA: Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
9.5.5.4.1 Rest of MEA: Recycled Glass Market - Volume and Forecast to 2028 (Kilo Tons)
9.5.5.4.2 Rest of MEA: Recycled Glass Market, by Source
9.5.5.4.3 Rest of MEA: Recycled Glass Market, by Application
9.6 South and Central America: Recycled Glass Market
9.6.1 South and Central America: Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
9.6.2 South and Central America: Recycled Glass Market - Volume and Forecast to 2028 (Kilo Tons)
9.6.3 South and Central America: Recycled Glass Market, by Source
9.6.4 South and Central America: Recycled Glass Market, by Application
9.6.5 South and Central America: Recycled Glass Market, by Key Country
9.6.5.1 Brazil: Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
9.6.5.1.1 Brazil: Recycled Glass Market, by Source
9.6.5.1.2 Brazil: Recycled Glass Market, by Application
9.6.5.2 Argentina: Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
9.6.5.2.1 Argentina: Recycled Glass Market - Volume and Forecast to 2028 (Kilo Tons)
9.6.5.2.2 Argentina: Recycled Glass Market, by Source
9.6.5.2.3 Argentina: Recycled Glass Market, by Application
9.6.5.3 Rest of SAM: Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)
9.6.5.3.1 Rest of SAM: Recycled Glass Market - Volume and Forecast to 2028 (Kilo Tons)
9.6.5.3.2 Rest of SAM: Recycled Glass Market, by Source
9.6.5.3.3 Rest of SAM: Recycled Glass Market, by Application
10. Impact of COVID-19
10.1 Overview - Impact of COVID-19
10.2 Impact of COVID-19 on Recycled Glass Market
10.3 North America: Impact Assessment of COVID-19 Pandemic
10.4 Europe: Impact Assessment of COVID-19 Pandemic
10.5 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.6 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.7 South America: Impact Assessment of COVID-19 Pandemic11. Company Profiles
11.1 Coloured Aggregates Inc.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Gallo Glass Company
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Strategic Materials, Inc.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Vetropack
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 O-I Glass, Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Dlubak Glass Company
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 G.R.L, Glasrecycling
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Ardagh Group S.A.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Bradish Glass, Inc.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Momentum Recycling, LLC
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About the Publisher
12.2 Glossary of Terms
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Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Coloured Aggregates Inc.
- Gallo Glass Company
- Strategic Materials, Inc.
- Vetropack
- O-I Glass, Inc.
- Dlubak Glass Company
- G.R.L, Glasrecycling
- Ardagh Group S.A.
- Bradish Glass, Inc.
- Momentum Recycling, LLC
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 150 |
| Published | May 2022 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 3435.81 Million |
| Forecasted Market Value ( USD | $ 4571.62 Million |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | Global |
