Glass Recycling Market – Global Market Forecast and Growth Opportunities Forecast 2022-2029

Glass Recycling Market size was valued at US$ 3.25 Bn. in 2021 and the total revenue is expected to grow at 5.5 % through 2021 to 2029, the Glass Recycling market is reaching nearly US$ 5.0 Bn in 2029.



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Glass Recycling Market Overview:
Glass gained after processing of left-over glass into usable items is called recycled glass. It is hundred percent recyclable & can be reprocessed without any loss in superiority. It is prepared from readily available local materials like sand & cullet. In numerous countries, there is a compulsory beverage container deposit event where glass flasks are collected. In that deposit event, people pay credit on glass bottles & other vessels & then return them to a gathering center for refurbishment. According to an MMR report study, 63 percent is a regular glass vessel recycling rate. Numerous rules & deposit expanses have been recognized. The state of Oregon approved a rule requiring purchasers of carbonated beverages to pay 5 cents per container which is improved to 10 cents in the year 2021, as a credit that would be repaid to anyone who repaid the bottle for recycling. Industrial-scale reprocessing is being familiarised to China since the rate of raw materials & demand has increased. All these rules & deposit amounts tend to recover the quality of glass poised for recycling & rise the % of containers going to bottle-to-bottle recycling.

Some nations have started starting waste glass deposit platforms in order to achieve waste. In England, all beverage bottles, whether plastic, glass are enclosed under a deposit-return system of the administration. The arrangement was publicized to decrease the litter poisoning the land & sea by recurring a minor cash sum to customers who return their flasks & cans. Similar arrangements are working in 38 nations, & it is believed that the supporters have operated for a period for its outline in England.

Swift development has caused big landfills of waste, which have increased the demand for recycled items. This is one of the key influences pouring the development of this market. Moreover, several government visions & consciousness movements for sanitation are also supplementing the total recycled glass market. The Maintainable Singapore Blueprint is one of the creativities taken by the Singapore Government to grasp its zero-waste aim. On the other hand, compound manufacturing procedure & pollution by unwanted materials existing in the product waste stream is estimated to hinder the development of the worldwide market. However, progress approving the use of recycled glass in trades like automotive will offer future expansion opportunities to the market.
Glass Recycling Market Regional Insights
Geographically, the market is evaluated through North America, Europe, APAC, MEA & Africa, and Latin America. Cooperative administration rules & raising of glass recycling at formal, public & expert levels is pouring the recycled glass market development. The European Union glass business has a manufacturing volume of 35.8 Mta, holding for 28 percent of total procurement. In the year 2021 glass procurement volumes in the European Union 28 were major. Container glass holds a market share of 62.1 percent & flat glass for 29.2 percent. All other glass categories together amount to 8.7 percent.

In outlook of growing populations & increasing incomes, the decoupling of economic development & manufacturing from resource usage is becoming gradually important. Glass is a case of a supply which has limitless recycling capacity & can be recycled with almost no loss of excellence. But, given the big global manufacturing quantity & the great changes in recycling rates per area & per glass end use segment, the decoupling of manufacturing volumes & resource usage is still a long way off. Only in the situation of vessel glass are recycling rates of beyond 90 percent attained in some nations today. But, on an international scale, this only extents to a recycling rate of less than 35 percent.

Globally, about 130 Mn tonnes of glass are presently manufactured yearly. The major volumes of 63 Mn tonnes are held by container glass, 54 Mn tonnes are accounted for by the different flat glass items, 5 percent are held for by tableware & 6 percent by all other glass items. Global glass manufacturing capacities surpass 195 Mn tonnes, of which 44 percent are for flat glass & 46 percent are for container glass. Global recycling capacities are now estimated to be about 27 Mn. tonnes, which signifies only 21 percent of the amount of glass manufactured. Companies are achieving 32% of revenue by container glass & flat glass is eleven percent.
Technologies:

Nowadays, glass recycling takes place in the fourth generation of handling plants. Firstly, purely mechanical procedures were used, like crushing & screening. After, metal parting procedures were added. Contaminants like earthenware, stones, plastics & organic supplies were still set manually. Almost all pollutants, like heat-resistant glass ceramics, can be arranged with optical approaches. Modern plants are now prepared with glass drying schemes in order to completely exploit the categorization possibilities. Americans dispose about 10 Mn metric tons of glass yearly. Maximum of it ends up in the garbage. Only around one-third becomes recycled. The United States has approximately 33 percent glass recycling rate which stakes equated with the 90 percent recycling rate in Switzerland, Germany, & other European nations.

There are numerous aims why more glass isn’t recycled in the United States. The United States glass-recycling deficit comes down to the relationship between the quality & obtainability of cullet & the finances of making glass. The recycling rate differences between the United States & other nations result mostly from differences in government rule & customer education & habits. By accepting these footraces to glass reprocessing, GMIC, GPI, and other groups expect to increase the rate in the United States.

The objective of the report is to present a comprehensive analysis of the global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global market dynamics, structure by analyzing the market segments and project the global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global market makes the report investor's guide.
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Global Glass Recycling Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 3.25 Bn.


Forecast Period 2022 to 2029 CAGR:
5.50%
Market Size in 2029:
US $ 5.0 Bn.


 Segments Covered:
by Product
• Container Glass
• Construction Glass


by Application
• Concrete Aggregate
• Fiberglass insulation products
• Ceramic sanitary ware production
• Agriculture and landscape application
• Other



Glass Recycling Market, by Region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
Glass Recycling Market Key Players:
• Ardagh
• Momentum Recycling
• Strategic Materials
• Harsco Minerals International
• Heritage
• Glass Recycling Company
• Vitro Minerals
• Marco Abrasives
• Sierra Exports
• Advisor4sme INDIA (OPC) Pvt Limited
• Ablaze Glass Works Pvt Ltd
• Ablaze Export Incorporation
• Sumip Composites Pvt Ltd
• wellman Recycling
• SKAKO vibration

Frequently Asked Questions:

1. Which region has the largest share in Global Glass Recycling Market?
Ans: North America region held the highest share in 2021.

2. What is the growth rate of Global Glass Recycling Market?
Ans: The Global Glass Recycling Market is expected to grow at a CAGR of 5.50% during forecast period 2022-2029.

3. What is scope of the Global Glass Recycling market report?
Ans: Global Glass Recycling Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Glass Recycling market?
Ans: The important key players in the Global Glass Recycling Market are – Ardagh, Momentum Recycling, Strategic Materials, Harsco Minerals International, Heritage, Glass Recycling Company, Vitro Minerals, Marco Abrasives, Sierra Exports

5. What is the study period of this market?
Ans: The Global Glass Recycling Market is studied from 2021 to 2029.