Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Recycled Glass Market Size is Expected to Grow from USD 4.49 Billion in 2023 to USD 8.3 Billion by 2033, at a CAGR of 6.34% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Recycled Glass Market Size, Share, and COVID-19 Impact Analysis, By Product (Cullet, Glass Powder, Crushed Glass, and Others), By Application (Flat Glass, Glass Containers, Glass Bottle, Fiber Glass, Highway Beads, Abrasives, Fillers, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The term refers to glass that has been broken down, processed, and recycled for use in manufacturing other products or new glass products from raw materials that were previously virgin. It involves collecting used bottles, jars, and containers for cleaning, crushing, and melting down into new glass products. Recycled glass is important in sustainability because it saves natural resources, reduces energy consumption, and minimizes waste in landfills. It is extensively used in the production of new glass containers, tiles, roadbed materials, and other construction applications, which is a great contribution to the circular economy. Furthermore, some factors driving the growth of the recycled glass market include a growing global emphasis on sustainability and waste reduction. Increasing demand for environmentally friendly products and a more stringent approach to managing waste and recycling have also sped up growth. Recycled glass also provides manufacturers with substantial cost advantages as the use of recycled materials reduces the energy-intensive processes associated with the production of new glass. Further, the increasing demand for eco-friendly construction and packaging solutions is fueling the demand for recycled glass. However, some challenges may hinder the growth of the market, including the availability of quality recycled glass in limited quantities and contamination in the recycling process. Furthermore, in some regions, the infrastructure to collect and recycle glass is not developed, thus limiting the potential of the market.
The cullet segment is predicted to hold the greatest market share through the forecast period.
Based on the product, the recycled glass market is classified into cullet, glass powder, crushed glass, and others. Among these, the cullet segment is predicted to hold the greatest market share through the forecast period. This is attributed to the value of the cullet, which consists of crushed pieces of glass that can be melted and reused in the production of new glass products, lies in its high energy and raw material efficiency. The advantages of cullet in glass manufacturing include reduced temperatures needed to melt them compared to raw materials, thus resulting in high savings in energy.
The glass containers segment is anticipated to hold the greatest market share during the projected timeframe.
Based on the application, the recycled glass market is divided into flat glass, glass containers, glass bottle, fiberglass, highway beads, abrasives, fillers, and others. Among these, the glass containers segment is anticipated to hold the greatest market share during the projected timeframe. This is attributed to the increased penetration of recycled glass in making new glass containers like bottles, and jars, which are significantly used in food and beverage; cosmetics, and pharmaceuticals-based industries. Growing emphasis on sustainability and adoption of "green" packaging solutions are gaining major traction for this segment as well.
North America is estimated to hold the largest share of the recycled glass market over the forecast period.
North America is estimated to hold the largest share of the recycled glass market over the forecast period. This is primarily because of the region's developed recycling infrastructure, strong regulatory frameworks that encourage recycling, and increasing concern for sustainability. The United States and Canada have well-established systems for collecting and processing recycled glass, especially in the production of glass containers and construction materials.
Asia-Pacific is predicted to have the fastest CAGR growth in the recycled glass market over the forecast period. Rapid urbanization, and increasing industrialization in countries such as China, India, and Southeast Asian nations with growing environmental awareness contribute to this growth. The increasing need for sustainable methods, along with the growing construction, automotive, and packaging sectors in the region, is driving recycled glass adoption.
Competitive Analysis
Major key players in the recycled glass market are Strategic Materials Inc., Glass Recycled Surfaces, Berryman Glass Recycling, Vetropack Holding Ltd., G.R.L. Glasrecycling NV, Vitro Minerals Inc., Dlubak Glass Company, Consol Glass (Pty) Ltd., and Others.
Key Target Audience
Recent Development
Market Segment
This study forecasts global, regional, and country revenue from 2023 to 2033. Spherical Insights has segmented the recycled glass market based on the below-mentioned segments:
Global Recycled Glass Market, By Product
Global Recycled Glass Market, By Application
Global Recycled Glass Market, By Regional Analysis
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