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Global Recycled Glass Market Share, Size, Trends, Analysis, Growth, Forecast: By Product: Crushed Glass, Cullet, Glass Powder; By Application: Highway beads, Flat Glass, Fiber Glass, Bottle and Container, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Recycled Glass Market Outlook
The global recycled glass market size reached a value of more than USD 4.24 billion in 2021. The market is expected to expand further at a CAGR of 5.70% between 2023 and 2028 and reach a value of USD 5.91 billion by 2027.
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Recycled Glass Market Trends
Glass recycling is a process in which waste and unusable glass products are broken and crushed, then they are cleaned and prepared to melt in a furnace. They are mixed with other materials to make new bottles and jars. This process can be repeated infinitely without losing quality.
Environmental Concerns Due to Increasing Waste
Several countries have started glass recycling programs to address the growing concerns about environmental concerns and waste management. Recycled glass can help reduce emissions and utilisation of raw materials.
Expanding Market in Developing Regions
The growing awareness of multiple environmental and economic benefits provided by recycled glass has propelled various market players to expand their presence in the developing regions.
Initiation of Programs for the Deposit of Waste Glass
Governments of various countries have started to develop programs for waste glass deposits with an aim for waste management. Schemes such as this can aid the growth of the market.
Recycled Glass Market Opportunities
Increasing Demand from Glass Manufacturers
Glass manufacturers are increasingly utilising recycled glass for manufacturing various products including containers, countertops, bottles, and kitchen tiles, which can help in increasing sustainability and reducing manufacturing costs.
Rapidly Growing Utilisation in Various Industries
Glass bottles and containers are extensively used in industries such as food and beverage, healthcare, automotive, construction, and aerospace. The rapid development of these industries can provide growth opportunities.
High Initial Investment for the Machines can Limit the Market Growth
The machines required for crushing, cleaning, melting the glass material and manufacturing a product, require a high initial investment. This can be a major entry barrier for new players and can impede the market growth.
Global Recycled Glass Market Analysis
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Based on the product, the market can be segmented into crushed glass, cullet, and glass powder. Based on the application, it can be bifurcated into highway beads, flat glass, fibre glass, bottle and container, among others. The regional markets for the market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.
- Strategic Materials, Inc
- Vetropack Holding Ltd
- Momentum Recycling, LLC
- Dlubak Glass Company
- O-I Glass, Inc
- Others
Products in the Recycled Glass Market
Based on products, the market can be segmented into crushed glass, cullet, and glass powder. Among these products, the cullet segment is expected to hold a major share of the market owing to its wide usage in manufacturing glass bottles, glass jars, and windows, among other products.
Cullet provides various advantages, it has a low melting point which results in less energy consumption, reduces carbon emissions, and it utilises fewer raw materials.
Applications of Recycled Glass
The product finds applications in highway beads, flat glass, fiber glass, bottles and containers, among others. Among these segments, bottle and container are expected to hold the largest market share owing to the increasing demand for storage in various industries. The rapid development of the food and beverage industry and the rising use of cullet for manufacturing bottles and containers are expected to propel the market development.
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Competitive Landscape
Strategic Materials, Inc. is a leading recycled glass and plastic processing company, founded in 1896. The company is headquartered in Texas, United States, and it is engaged in recycling, waste management, and innovative processing, among others. Their products include containers, fibreglass, highway bead, glass abrasives, fillers, speciality glass, and plastics.
Vetropack Holding Ltd is a Switzerland-based family-managed glass packaging manufacturer company, which was founded in 1911. The company runs advanced production facilities in Switzerland, Austria, the Czech Republic, Slovakia, Croatia, Ukraine, and Italy.
Momentum Recycling, LLC is an American company focused on providing waste processing and recycling services for glass and green waste. The company is headquartered in Utah, United States, and it was founded in 2008. They specialise in providing services such as glass recycling, waste audits, and food waste recycling, among other waste management-related services.
Other market players include Dlubak Glass Company and O-I Glass, Inc, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
|
| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Recycled Glass Market Analysis
8.1 Key Industry Highlights
8.2 Global Recycled Glass Historical Market (2018-2022)
8.3 Global Recycled Glass Market Forecast (2023-2028)
8.4 Global Recycled Glass Market by Product
8.4.1 Crushed Glass
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Cullet
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Glass Powder
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Recycled Glass Market by Application
8.5.1 Highway beads
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Flat Glass
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Fiber Glass
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Bottle and Container
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Recycled Glass Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Recycled Glass Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Recycled Glass Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Recycled Glass Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Recycled Glass Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Recycled Glass Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Strategic Materials, Inc
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Vetropack Holding Ltd
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Momentum Recycling, LLC
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Dlubak Glass Company
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 O-I Glass, Inc
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Recycled Glass Market: Key Industry Highlights, 2018 and 2028
2. Global Recycled Glass Historical Market: Breakup by Product (USD Billion), 2018-2022
3. Global Recycled Glass Market Forecast: Breakup by Product (USD Billion), 2023-2028
4. Global Recycled Glass Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global Recycled Glass Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global Recycled Glass Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Recycled Glass Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Recycled Glass Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Recycled Glass Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Recycled Glass Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Recycled Glass Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Recycled Glass Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Recycled Glass Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Recycled Glass Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Recycled Glass Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Recycled Glass Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Recycled Glass Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Global Recycled Glass Market Structure
Key Questions Answered in the Report
In 2021, the global market for recycled glass reached a size of USD 4.24 billion.
The market is expected to grow at a CAGR of 5.70% during the forecast period of 2023-2028.
The market is expected to reach a value of USD 5.91 billion by 2027.
The market is driven by the growing environmental concerns around the world and government policies to promote waste management.
Market players expanding their market presence in emerging regions and rising utilisation of recycled glass due to environmental benefits can provide significant market growth opportunities.
The regional markets for the market include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The components of the market include crushed glass, cullet, and glass powder.
The applications of recycled glass include highway beads, flat glass, fibre glass, bottle and container, among others.
The key players in the market include Strategic Materials, Inc, Vetropack Holding Ltd, Momentum Recycling, LLC, Dlubak Glass Company, and O-I Glass, Inc, among others.
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