404
+1-313-307-4176
Recycled Glass Market Growth Analysis | 2022-2028
Recycled Glass Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: 2022-2028
The recycled glass market was estimated at USD 1189.12 million in 2021 and is likely to grow at a CAGR of 6.6% during 2022-2028 to reach USD 1860.06 million in 2028.
Want to know more about the market scope? Register Here
Glass, which is obtained after processing waste glass into usable products, is referred to as recycled glass. It is 100% recyclable and can be easily recycled without any loss in purity or quality. This glass can substitute almost 95% of the raw materials that are utilized in glass production.
COVID-19 Impact
The COVID-19 pandemic has adversely affected the recycled glass industry because of the shutdown of recycling activities due to a limited workforce and social distancing norms. Moreover, supply chain disruption and restricted transportation further affected the market growth, amid the pandemic.
Rapid industrialization and urbanization have led to large landfills of waste, which has augmented the need for recycled products, thus boosting the demand for recycled glass products.
Other major factors driving the market are:
Want to have a closer look at this market report? Click Here
The following are the key players in the recycled glass market (arranged alphabetically).
Note: The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Write to us at [email protected]
|
Segmentations |
List of Sub-Segments |
Dominant and Fastest-Growing Segments |
|
Product-Type Analysis |
Cullet, Crushed Glass, Glass Powder |
The cullet segment is likely to grow at a considered CAGR during the forecast period. |
|
End-Use-Type Analysis |
Glass Bottle and Containers, Flat Glass, Fiber Glass, Highway Beads, Abrasives, Fillers |
The glass bottle and containers segment held the major market share in 2021. |
|
Regional Analysis |
North America, Europe, Asia-Pacific, and Rest of the World |
The European market is projected to grow at a healthy CAGR in the coming years. |
"The cullet segment accounted for the largest market share."
The recycled glass market has been classified into cullet, crushed glass, and glass powder. The cullet segment held the largest market share in 2021 and is likely to grow at a considered CAGR during the forecast period. Cullet reduces the amount of raw material used, exhibits low melting power requirements, and further extends the life of the furnace to a minimum of 30%, thereby bolstering segment growth.
"The glass bottles and containers segment accounted for the largest market share."
The market has been classified into glass bottles and containers, flat glass, fiberglass, highway beads, abrasives, and fillers. The glass bottle and containers segment held the major market share in 2021. Increasing use of recycled glass for manufacturing bottles and containers is the prime factor driving the growth of the segment. The flat glass segment is expected to witness the fastest growth.
"Europe accounted for the largest market share."
The European market held a significant market share in 2021 and is projected to grow at a healthy CAGR in the coming years. Europe has high awareness regarding landfills as well as promoting the reuse of glass with supportive government policies. Moreover, the European Union introduced the circular economy package to further enhance waste management and recycling activities, thus proliferating regional market growth.
Know the high-growth countries in this report. Register Here
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s recycled glass market realities and future market possibilities for the forecast period of 2022 to 2028. After a continuous interest in our recycled glass market report from the industry stakeholders, we have tried to further accentuate our research scope to the recycled glass market to provide the most crystal-clear picture of the market. The report segments and analyses the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the market, covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The recyclee glass market is segmented into the following categories:
By Product Type
By End-Use Type
By Region
Click Here, to learn the market segmentation details.
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].
Oct 2022: Orora commences operation of glass recycling facility
Australian glass manufacturer Orora has commenced operation of a $25m glass beneficiation facility in South Australia. The facility will increase the recycled content in its manufactured glass products.
Oct 2022: STRATEGIC MATERIALS, INC. ACQUIRES RIPPLE GLASS
North America's largest glass recycler, Strategic Materials, Inc. (SMI), announced the acquisition of Kansas City, Missouri-based Ripple Glass. The acquisition will accelerate SMI's plan to bolster glass collection programs and increase glass recovery rates across North America.
Sep 2022: Smirnoff partners with GPI in recycling program
Smirnoff has partnered with the Don't Trash Glass (DTG) campaign, a combined effort between GPI and GlassKing Recovery & Recycling. Smirnoff will support the campaign's effort to gather used and discarded glass bottles, increasing the total available recycled glass in Chicago.
Glass, which is obtained after processing waste glass into usable products, is referred to as recycled glass. It is 100% recyclable and can be easily recycled without any loss in purity or quality. This glass can substitute almost 95% of the raw materials that are utilized in glass production.
The recycled glass market was estimated at USD 1189.12 million in 2021.
The recycled glass market is likely to reach USD 1860.06 million in 2028.
The recycled glass market is likely to grow at a CAGR of 6.6% during 2022-2028.
Strategic Material (US), Berryman Glass Recycling (UK), Vetropack Holding (Switzerland), Vitro Minerals (US), Glass Recycled Surfaces (US), Dlubak Glass Company (US), Momentum Recycling (US), Harsco Minerals International (US), Coloured Aggregates (Canada), Consol Glass (Pty) Ltd (South Africa) are among the key players in the market.
Favorable government initiatives and increasing awareness campaigns for cleanliness, technological advancements encouraging the usage of recycled glass in automotive and construction, and increasing environmental concerns to address climate emergencies are some of the factors driving the growth of the market.
Europe is expected to remain the dominant region in the market during the forecast period.
The glass bottle and containers segment held the major market share in 2021.
WE ACCEPT
