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Recycled Glass Market

Recycled Glass Market

Global Industry Analysis (2018 - 2021), Growth Trends, and Market Forecast (2022 - 2029)

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Industry: Chemicals & Materials | Author Name: Harshad


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Recycled Glass Market: Overview

The market size for Recycled Glass was USD 3.8 billion in 2021, projected to grow at a CAGR of 5.5 percent during the forecast period. Recycling glass refers to the conversion of used glass into new materials. Cullet is glass that has been broken or imploded and is prepared for remelting. Cullet comes in two varieties: internal and exterior. Internal cullet is made up of defective goods that are discovered and rejected throughout the industrial process of making glass, transitional stages of product changes (such alterations in thickness and color), and production offcuts. Glass scrap that has been gathered or processed again with the intention of recycling is known as external cullet. Waste is referred to as external cullet, pre- or post-consumer. When referring to end-of-waste, the word "cullet" will always refer to external cullet.

Rapid industrialization has produced huge trash landfills, which has increased the demand for recycled goods. This is one of the key elements fueling the expansion of this market. The global market for recycled glass is also being boosted by several government programs and campaigns for cleanliness. The U.S. EPA reports that in 2018, 39.6% of beer and soft drink bottles, 39.8% of wine and liquor bottles, and 15% of food and other glass jars were recovered for recycling. 33.1% of all glass food and drink containers were recycled in total. One of the steps the Singaporean government has taken to achieve its zero-waste objective is the Sustainable Singapore Blueprint. On the other hand, it is anticipated that the complicated production process and contamination by undesired components found in the product waste stream will impede the expansion of the global market.

However, developments encouraging the use of recycled glass in sectors like the automobile industry will present the potential for market expansion in the future. The closed-cell porous structure of recycled glass aggregates holds any organic porosity from glass pollution, recycled glass aggregates fines don't require additional energy-consuming recycling processes, the drying shrinkage of concrete foams is significantly reduced with the addition of glass fines in recycled glass aggregates, and the potential ASR (alkali-silica reaction) caused by traditional concrete glass fines can be avoided (alkali-silica reaction).

Recycled Glass Market: COVID-19 Impact

Lockdowns travel bans, and company closures caused by the COVID-19 epidemic have impacted the economies and industries of many different nations. Due to value chain disruptions brought on by the closing of domestic and international borders in 2020, a number of companies had to scale back their operations, resulting in a decline in demand for recycled glass from several sectors. The price of discarded glass, which is needed to make recycled glass, fluctuated due to the COVID-19 pandemic. Due to a decrease in demand from numerous industries, including manufacturing and construction, recycled glass consumption has decreased globally. The market for recycled glass has struggled to expand because of the decreased demand across several industries brought on by the COVID-19 pandemic.

Recycled Glass Market: Drivers

Growing Concerns About Environment as a Result Of Climate Emergency to Drive Market Growth

Growing glass trash is one of the largest issues the world is now experiencing. Most of this waste is dumped in landfills and garbage dumps, contributing to climate change and global warming. But the buildup 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 environmentally benign, can play a significant part in waste management in the years to come. Most developed nations encourage glass recycling by implementing scholarships, programs, and money. Rising setups of glass recycling facilities worldwide will further boost the growth of the recycled glass market by raising awareness of recycled glass's potential to address climate challenges.

Increased Awareness Programs to Drive Market Growth

Several market participants in recycled glass are making substantial efforts to boost glass recycling rates and raise awareness among commercial groups and consumers as a result of developing environmental safety concerns. Glass bottle manufacturers are vying more and more to boost their profits by expediting the recycling of glass through the use of new technologies and software modules.

For instance, the recycled glass market's participants Rocky Mountain Bottle Co., Momentum, and others are making significant efforts to increase glass recycling by utilizing cutting-edge tracking software created by the End of Waste Foundation's recently developed Blockchain Waste Traceability Software (BWTS). Waste management organizations, material recovery facilities (MRFs), and participants in the recovered glass industry can follow glass from new goods to curbside bins thanks to the software. Software makers claim that the new software will probably raise a lot of awareness about recycled glass and encourage other consumers to follow suit.

Recycled Glass Market: Restraints

Complicated Production Process to Hamper Market Growth

According to estimates, growth would slow throughout the projected period due to factors like the complicated production process and contamination from undesired components in the product waste stream. Additionally, a problem with excessive contamination in scrap glass collected for recycling and a lack of standards and processes are significant obstacles to the overall expansion of the worldwide recycled glass market.

Recycled Glass Market: Segment Overview

Cullet to Dominate Market due to its Various Uses in Making Glass products.

Cullet is a recyclable kind of recycled glass. Glass bottles, jars, fiberglass and 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%. Numerous industries employ it. Large cullet can mix cement for concrete or asphalt for roads. In contrast, small cullet can be mixed with ceramics, bricks, and blocks to lower baking temperatures and synthetic sand in bleach to prevent coastal erosion, used in fluorescent road shows, and improve soil quality when combined with clay.

With Increased Demand for Recycled Glass, Fiberglass Category Dominated Market

Fiberglass is the leading segment. With the demand for ongoing supply growing due to increased market use, recycled glass has become an important component of the fiberglass industry. Fiberglass is a lightweight material that is robust, less brittle, and can be molded into any desired shape. They possess improved electrical insulation, good resistive qualities, low thermal conductivity, low linear expansion coefficient, etc. Fiberglass is used in various industries, including beverages, car washes, cooling towers, food, manufacturing, pulp & paper, aerospace & military, automotive, metallurgy, and mining.

Recycled Glass Market: Regional Landscape

Europe to Dominate Market due to Growing Consumer Desire

Over the forecast period, it is anticipated that the Europe market will account for the largest revenue share. Over the projection period, it is anticipated that the rising consumer desire to buy a home will fuel the residential construction industry and, in turn, increase demand for recycled glass aggregates globally. For instance, it is predicted that more than a million new households were created in 2015, but only 620,000 of those homes were finished, leaving a shortage of 430,370 housing units. In the absence of impending legislative adjustments, this imbalance has driven up property prices and rents, a trend that will remain for the foreseeable future. Additionally, all historically constructed buildings have a finite operational lifespan, after which the structure becomes hazardous since it may collapse under heavy use.

Additionally, recycled glass aggregates can reduce costs for local governments and other buyers, open up new business opportunities, preserve energy when recycling is done on-site, protect urban aggregate supplies, and assist local governments in meeting production diversion targets. Therefore, it is anticipated that both developed and developing nations will experience substantial expansion in the recycled glass aggregates market in the coming years. Additionally, recycled glass aggregates can reduce costs for local governments and other buyers, open up new business opportunities, preserve energy when recycling is done on-site, protect urban aggregate supplies, and assist local governments in meeting production diversion targets. Therefore, it is anticipated that both developed and developing nations will experience substantial expansion in the recycled glass aggregates market in the coming years.

Recycling glass has positive environmental effects, which will support future demand for recycled glass. Furthermore, developments in the recycled glass market align with the demand for a sustainable future. Market participants are always reviewing the methods used to recycle glass and are also continuously coming up with new, more effective ways to create recycled glass. Several engineers are also looking at possible uses for recycled glass in other industries. Because glass containers, especially recycled glass ones, are now lighter, the carbon footprint associated with transporting glass has been significantly reduced. Even this all factor is growing market in Europe.

Global Recycled Glass Market: Competitive Landscape

In October 2020, The pharmaceutical and healthcare sectors benefit from Gerresheimer's specialty glass and plastic products. According to the company, glass cosmetic packaging comprises the most post-consumer recycled (PCR) material. Moreover, in August 2019, Ardglass Yamamura intends to invest $123 million in a Valdosta-based bottle manufacturing company. Each year, the factory can produce 265 million bottles. The facility's furnace can also process a significant volume of recycled glass.

A few of the players in the Recycled Glass Market include Coloured Aggregates Inc, Glass Recycled Surfaces, Harsco Corporation, Reiling Glass Recycling GmbH & Co. KG, Gallo Glass company, Strategic Materials, Vetropack Holding Ltd, Verallia, Momentum Recycling, and Owens-Illinois.

Global Recycled Glass Market is Segmented as Below:

By Product    

  • Cullet
  • Crushed Glass
  • Glass Powder

By Application         

  • Bottle & Containers
  • Flat Glass
  • Fiber Glass
  • Highway Beads
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Russia
    • Rest of Europe
  • Asia Pacific
    • Japan
    • South Korea
    • India
    • China
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Elements Included In The Study: Global Recycled Glass Market

  • Recycled Glass Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value and Volume, 2018 - 2021
  • Volume Consumption at Regional and Country Level, 2022 - 2029
  • Market Dynamics and Economic Overview
  • Market Size in Value and Volume, Growth Rates, and Forecast Figures, 2022 - 2029
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Production Output Analysis (Major Producing Regions)
  • Key Trade Statistics (Import and Export)
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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  • The segmentation/company profiles/countries depicted above may vary in the actual report. 

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