Global Recycled Glass Market, By Source (Deposit, Buy Back/Drop Off and Curb-Side), Product (Cullet, Crushed Glass and Glass Powder), Application (Glass Bottles and Containers, Flat Glass, Fiberglass, Highway Beads, Abrasives, Fillers and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Recycled Glass Market
Data Bridge Market Research analyses that the recycled glass market will witness a CAGR of 6.40% for the forecast period of 2021-2028. Rising environmental concerns coupled with concerns regarding aesthetic appeal of glass, rising amounts of glass waste and increasing focus on sustainable industrial manufacturing processes are the major factors attributable to the growth of the recycled glass market. This signifies that the global recycled glass market value would stand tall by USD 6.03 million by the year 2028.
Glass is one material that can be recycled limitlessly without having to worry about the quality or purity content. Glass is recycled by crushing and melting processes and eventually is turned into different forms or shapes. Recycled glass substitutes 95% of the raw materials used in manufacturing the glass which means the recycled glass promotes conservation of raw materials like silica, soda ash and limestone. In other words, recycled glass results in reduction in mining and associated transportation expenses.
Increased focus of the government, manufacturers and general population on waste management coupled with achieving sustainable development is the root cause fuelling up the recycled glass market growth rate. Advantageous properties offered by recycled glass are another factor responsible for propelling growth in the recycled glass market value. Rising demand for recycled glass by building and construction industry owing to the rising urbanization and growth in construction activities especially in the developing economies will further accelerate the market growth rate. Rising application of recycled glass by other end user industries such as automotive industry will further create lucrative growth opportunities for the market. Rising industrialization will also directly and positively impact the demand for recycled glass globally.
However, contamination from unwanted materials present in the product waste stream will pose a major challenge to the growth of the recycled glass market. Complex manufacturing process will further create hindrances for the growth of recycled glass market. Also, absence of standards and protocols will further hamper the recycled glass market growth rate.
This recycled glass market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on recycled glass market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Recycled Glass Market Scope and Market Size
The recycled glass market is segmented on the basis of source, product and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of source, the recycled glass market is segmented into deposit, buy back/drop off and curb-side.
- On the basis of product, the recycled glass market is segmented into cullet, crushed glass and glass powder. Cullet segment is further sub-segmented into clear cullet, amber cullet and green cullet.
- On the basis of application, the recycled glass market is segmented into glass bottles and containers, flat glass, fiberglass, highway beads, abrasives, fillers and others.
Global Recycled Glass Market Country Level Analysis
The recycled glass market is analysed and market size, volume information is provided by country source, product and application industry as referenced above.
The countries covered in the recycled glass market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe is dominates the recycled glass market and is expected to undergo substantial gains during the forecast period. This is because of the rising awareness pertaining to recycling glass coupled with supportive government policies. However, Asia-Pacific region will project the highest compound annual growth rate (CAGR) for the forecast period. This is because of the rising application of recycled glass by the various end user verticals. Rising urbanization and growth in construction activities are some other market growth determinants. Increased focus on sustainable development will further create lucrative market growth opportunities.
The country section of the recycled glass market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Recycled Glass Market Share Analysis
The recycled glass market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to recycled glass market.
The major players covered in the recycled glass market report are Strategic Materials, Inc., URM, Vetropack, Ardagh Group S.A., O-I Glass, Inc., Ngwenya Glass., BALCONES RESOURCES, Reiling GmbH & Co. KG, Heritage Glass Inc., GLASS RECYCLED SURFACES, Enva, RETHMANN SE & CO. KG, Harasco Corporation., Coloured Aggregates Inc., Pace Glass Co., Verallia, Momentum Recycling, LLC, Dlubak Glass Company, Gallo Glass Company and Trivitro Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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