Recycled Glass Market: The Availability of Cullet, Promising Government Policies, and Consumer Awareness to Drive the Recycled Glass Market

The Recycled Glass Market size was valued at USD 3.83 Billion in 2022 and is expected to grow by 6.31% from 2023 to 2029, reaching nearly USD 5.88 Billion.

Glass can be recycled multiple times without losing any of its quality or purity. It is completely recyclable. It can be recycled and then molded into brand-new products like bottles and jars by being crushed and melted. Additionally, it is widely utilized for decorative purposes or alternative duties like producing masonry. Glass recycling is gaining popularity all over the world as a result of its incredible benefits. Glass is frequently totally recyclable numerous times without sacrificing any of its integrity or quality. Recycled glass may take the place of about 95% of the raw materials required in the production of glass.

It significantly aids in the preservation of soda ash, silica, and limestone. These unprocessed materials are extracted from the Earth's crust through mining. Utilizing products can help to reduce the cost of mining and transportation associated with it. When making glass, it helps to lower the levels of carbon dioxide, sulfur dioxide, and nitrogen oxide emissions. For glass manufacturers, using recycled glass during manufacturing can save energy costs as well as furnace maintenance and repair costs.

According to MMR analysis, Every tonne of recycled glass reduces the need for 1.2 tonnes of raw materials, such as the sand and soda ash that are used to produce new glass. The amount of recycled glass that's been recorded in 2021 was more than 36 million tonnes or around 24.8% of the total amount of glass produced across the world. The growing industrialization that generates waste landfills primarily drives the growth of the recycled glass market across the world. The global market is growing as a result of factors like sustainable development, growing government awareness agendas, and increased government activities. Additionally, the rise in glass waste is one of the major issues faced globally. Global warming and climate change are exacerbated by the fact that most of these wastes are burned or dumped in landfills.To know about the Research Methodology :- Request Free Sample Report

Recycled Glass Market Market Scope and Research Methodology

The report is a compilation of information gathered directly from industry participants and specialists along the value chain, as well as qualitative and quantitative evaluations by industry analysts. The research offers an in-depth analysis of market trends in the primary market, macroeconomic data, controlling variables, and market attractiveness per segment. The qualitative effects of key market parameters on market segments and geographic regions are also detailed in the report.

To estimate and authenticate the global market size of the Recycled Glass Market, bottom-up methodologies are used. Secondary research has been used to identify the major market participants, and primary and secondary research has been used to estimate their market shares. All percentage share distributions and breakdowns were determined using secondary sources and verified original sources.
Recycled Glass Market Dynamics:
Growing Demand for Recycled Glass in Industries like Automobile, Food Processing, and others to Boost the Recycled Glass Market Growth

The primary driver of the recycled glass market's revenue growth is an increase in demand for recycled glass attributed to its use in a wide range of industries, including automotive, aerospace and defense, manufacturing, food processing, and others. Recycling waste glass is used in a variety of industries, as it can be melted to make new items of various sizes and shapes, such as bottles, jars, abrasives, containers, and insulating materials.

Glass has a wide range of uses, including making windows, storage bins, bottles, and drinking glasses, which is driving market revenue growth. Companies that use glass containers, such as the food and beverage sectors and the pharmaceutical industry, which regularly uses glass containers to store drugs, use bottles and containers made from recycled glass. Additionally, the production of tiles, landscaping materials, and paving materials from smaller glass materials is used in construction, which is in turn boosting recycled glass market revenue growth.

The increase in demand for recycled glass in the construction sector for filler aggregate, pipe bedding material, drainage, and asphalt aggregate is driving the product demand for the product across the world. Polymer concrete is made by replacing sand with crushed recycled glass. For instance, in regions with heavy activity, such as petrol stations, forklift operation zones, and airports, recycled glass produces a high-strength, water-resistant material that is perfect for industrial flooring and infrastructure drainage, fueling recycled glass market revenue growth.

Growing Environmental Concerns about Recycled Glass

Growing glass waste is one of the biggest issues in the world. The majority of this waste is dumped in landfills and garbage dumps, which contributes to climate change and global warming. However, the accumulation of glass waste in landfills can result in the emission of greenhouse gases. Heat sources release a lot of pollutants into the atmosphere. Glass recycling, which is more effective and ecologically sound, plays a significant part in waste management. Additionally, by implementing incentives, programs, and subsidies, the majority of developed nations encourage glass recycling. Rising setups of glass recycling facilities around the world would further boost the growth of the recycled glass market by raising awareness of recycled glass' potential to address climate challenges.Higher Energy Consumption and Inadequate Waste Collecting Systems are Hampering the Growth of the Recycled Glass Market

The recycled glass includes ceramics and other contaminants that contaminate the entire recycling process. Glass contaminates one recycling stream at a time. Other recyclables, such as paper and cardboard, become contaminated by shattered glass, which in turn, decreased their value, hence hindering market revenue growth.

Additionally, glass contaminates other recyclables, such as paper and cardboard, lowering their value and impeding the growth of the market's revenue. The environment and human health are also expected to be negatively affected by improper recycling. The greenhouse gas methane, which is produced when recycling glass and can contribute to global warming and ozone depletion, which is expected to hamper the product demand through the forecast period.

The glass recycling industry faces significant barriers as a result of inadequate waste collecting systems in many countries across the world. For instance, municipalities in a developed country like the U.S. lack a system for collecting glass waste. Municipalities in the United States primarily use the curbside single-stream collection to manage residential recycling. As a result, the glass waste is combined with other trash, including plastic, cardboard, newspaper, and other paper goods, as well as metal cans (aluminum & steel). It makes sorting incredibly expensive and complicated. As a result, just 33% of glass waste is recycled annually in the United States.
Recycled Glass Market Segment Analysis:
By Product Type, the Recycled Glass Market is segmented into Cullet, Crushed Glass, and Glass Powder. The Cullet type segment accounted for the largest market share in 2022. The Cullet is a glass that has been recycled and is ready to be recycled. Glass bottles, glass jars, fiberglass and glass windows, ballotin, etc. can all be made from cullet. Cullet has various advantages, including reduced melting power requirements, a reduction in the number of raw materials required, and an increase in furnace life of at least 30%. It is used by numerous industries. These factors are expected to boost segment demand through the forecast period.

By Application, the Recycled Glass Market is segmented into Glass Bottle & Containers, Flat Glass, Fiber Glass, Highway Beads, Abrasives, Fillers, and others. The Fiber Glass segment held the largest market share accounting in 2022. Fiberglass has a number of advantages, including excellent insulation, resistivity, and a low coefficient of linear growth, all of which are contributing to the segment's revenue growth.

This segment's revenue is growing as it is used in a variety of industries, including automotive, aerospace and defense, manufacturing, food processing, power generation, metals and mining, pulp and paper, and others. Natural sound-dampening properties of fiberglass can considerably minimize outside noise in a residence. In order to lessen sound transmission, it is also used as acoustic insulation in walls, ceilings, and even ducts. As a result, the demand for fiberglass in the industrial and commercial sectors is rising, which is fueling the growth of the recycled glass market.

 
Recycled Glass Market Regional Insights:
Europe held the largest market share accounting for more than 30% in 2022. Government programs promoting the use of recycled glass as well as increased public awareness of recycling methods are driving market revenue growth in this region. The Circular Economy Package was already implemented by the European Union to promote effective recycling and waste management techniques. In order to prevent the disposal of glass waste in landfills, European nations like Germany and the UK are raising landfill tax rates, which is propelling market revenue growth.

Regarding current recycling rates, adoption patterns, governmental strategies, and public awareness, the regional glass recycling landscape is substantially different. The European region is driven by nations like Switzerland and Germany, which have a glass recycling rate of approximately 90% and have taken an active approach to build technical know-how and coordinating infrastructure. In terms of overall waste management, Asian countries lag far behind, with issues arising from a lack of awareness, inadequate infrastructure, and a low market value for recycled raw materials. As natural raw materials are preferred, China's recycling percentage is still considered to be significantly below 20%.The North American market is expected to witness a moderate revenue growth rate over the forecast period. Each year, Americans dispose of almost 10 million metric tonnes of glass. Most of it is thrown away. Only a third of it is recycled. Additionally, the US's a low rate of glass recycling—about 33% compared to Germany, Switzerland, and other European nations' 90% rates. Additionally, in Spain and the UK, the percentage of recycled glass has doubled and tripled over the past 25 years, respectively, while the figures in the US have hardly changed.

The majority of the initiatives in the US to increase glass recycling rates have been in state and local initiatives. For instance, quite a bottle bill that mandates consumers to make deposits on beverage bottles has been passed in 10 states in 2019. In order to recover their deposits, consumers should be encouraged to recycle the bottles. The effects of the laws are as intended. Compared to the national average of approximately 33%, 98% of bottles are recycled in states with those regulations.

Competitive Landscape:

The recycled glass market's competitive environment is fragmented, with a number of major competitors active on both a global and regional scale. The high threat posed by new entrants as a result of high end-user demand has fragmented the market. Major industry players are collaborating with packaging and container producers to get a competitive edge over competing companies. Many companies are investing in research and technologies to obtain a competitive advantage as the demand for recycled glass in various applications rises.

To increase their individual product portfolios and establish a solid foothold in the global market, key players are working on product development and strategic alliances. Some of the major key players in the recycled glass industry are Consol Glass (Pty) Ltd., Dlubak Glass Company, Vitro Minerals, Inc., Glasrecycling NV, Harsco Minerals International, Coloured Aggregates, Gallo Glass Company, Strategic Materials, Inc., Vetropack Holding, and Berryman Glass Recycling.

The demand for a long-term solution is in line with developments in the recycled glass industry. Participants in the recycled glass industry are always analyzing recycling processes and looking for new, more efficient ways to produce recycled glass. Additionally, glass bottle manufacturers are competing for more revenues by streamlining procedures for recycling glass using new technology and software. Examples of market participants who are making significant efforts to improve glass recycling include Momentum, Rocky Mountain Bottle Co., and various other companies.

They accomplish this by utilizing sophisticated tracking software developed by the End of Waste Foundation's BWTS or Blockchain Waste Traceability Software. The device can be used by waste management companies, material recovery facilities (MRFs), and other market participants to track glass from new items to curbside bins.
Recycled Glass Market Scope: Inquiry Before Buying  



Recycled Glass Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
USD 3.83 Bn


Forecast Period 2023 to 2029 CAGR:
6.31%
Market Size in 2029:
USD 5.88 Bn


 Segments Covered:
by Product Type
1. Cullet
2. Crushed Glass
3. Glass Powder


by Application
1. Glass Bottle & Containers
2. Flat Glass
3. Fiber Glass
4. Highway Beads
5. Abrasives
6. Fillers
7. Others



Recycled Glass Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Recycled Glass Market, Key Players are
1. Consol Glass (Pty) Ltd.
2. Dlubak Glass Company
3. Vitro Minerals, Inc.
4. Glasrecycling NV
5. Harsco Minerals International
6. Coloured Aggregates
7. Gallo Glass Company
8. Strategic Materials, Inc.,
9. Vetropack Holding
10. Berryman Glass Recycling
11. Glass Recycled Surfaces
12. Momentum Recycling, LLC
13. Trivitro Corporation
14. O-I Glass Inc.
15. Reiling GmbH & Co. KG
16. Strategic Materials Inc
17. United Resource Management
18. Verallia and Vetropack Holding Ltd.
19. Ardagh Group S.A.
20. Glasrecycling

FAQs:

1. What was the global market size of the Recycled Glass Market in 2022?
Ans. The Global Recycled Glass Market size was valued at USD 3.83 Billion.

2. What is the study period for the Recycled Glass Market?
Ans. 2018-2029 is the study period for the Recycled Glass Market.

3. What is the growth rate of the Recycled Glass Market?
Ans. The Recycled Glass Market is growing at a CAGR of 6.31% over forecast the period.

4. What are the major key players in the Global Recycled Glass Market?
Ans. The major key players in the Global Recycled Glass Market are Consol Glass (Pty) Ltd., Dlubak Glass Company, Vitro Minerals, Inc., Glasrecycling NV, Harsco Minerals International, Coloured Aggregates, Gallo Glass Company, Strategic Materials, Inc., Vetropack Holding, and Berryman Glass Recycling.

5. What is the forecast period for the Recycled Glass Market?
Ans. The forecast period for the Recycled Glass Market is 2023-2029.