USD 4.24 billion
Report ID: SQSG15G2001 | Region: Global | Published Date: April, 2023 | Pages: 165 | Tables: 68 | Figures: 75
Recycled Glass Market size was valued at USD 4.24 billion in 2021 and is poised to grow from USD 4.51 billion in 2022 to USD 7.35 billion by 2030, growing at a CAGR of 6.4% in the forecast period (2023-2030).
The rapid industrial development causing landfills of waste boosts the growth of the recycled glass market globally. Ecological progress, coupled with rising management initiatives and programs for awareness are also factors driving the growth of the recycled glass market. Furthermore, increasing glass waste is one of the problems faced globally and most of these are used to fill lands and burners thus causing global warming. Therefore, increasing administration initiatives to encourage the use of recycled glass for efficient waste management is one of the reasons for the growth of the recycled glass sector. Recycled glass is made by recycling waste and broken glass for further processing into new products. Because of its amazing properties, glass can recycle as may as time possible by crushing it, melting and blending it with sand, and processed into a brand new product. Reusing used or broken glass plays an important role in controlling waste worldwide and increasing demand for glass products that it is eco friendly and does not harm the environment in any way will drive the market growth over the forecast period.
US Recycled Glass Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 4.24 billion
To get more reports on the above market click here to Buy The Report
The Global Recycled Glass Market is segmented based on Product, Application, and region. Based on Product, the market is segmented into Cullet, Crushed Glass, Glass powder, and others. Based on Application, the market is segmented into Bottle & container, Flat glass, Fiberglas, Highway Beds, Abrasives, Fillers, and others. Based on region, the global Recycled Glass market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Recycled Glass Market Analysis by Product
In 2021, the cullet segment of the recycled glass market held the largest market share and is expected to hold the same throughout the analysis period. Based on products the market is segmented into Cullet, Crushed Glass, Glass powder, and others. The crush glass segment is expected to grow at the highest CAGR during the forecast period. The dominance of the cullet segment is due to the growing demand for glass products, these recycled products provide up to the same quality as the new raw materials would provide. So, balancing the color by removing impurities cullet glass is used as a cheaper alternative to new glass material for production. The growing cost of raw materials due to disruption in the supply chain is also a major reason for increasing demand for glasses globally and will help the recycled glass market to grow during the forecast period.
Recycled Glass Market Analysis by Application
Recycle glass market is segmented into Bottle & container, Flat glass, Fiberglas, Highway Beds, Abrasives, Fillers, and others based on the application area. The bottle & container glass accounts for 60% of the total market share for the recycling glass industry for the year 2021 and the fiberglass segment is expected to register the fastest growth during the forecast period.
Superior insulation and durability of glass products make them all-weather products for storage of various items which consist of food and beverages. These items do not lose their taste or color while stored in a glass container and last longer because glass is the least reactive material. because of this, the demand for glass vassals is soring at a tremendous rate which in turn is driving the growth of the recycled glass market over the analysis period.
To get detailed analysis on other segments, Request For Sample Report
In terms of revenue, Europe accounts for the largest market share in the recycled glass market in the year 2021. Europe has the highest recycling rate of 73% which is the highest globally. Increasing government support for recycling and the use of these products helps it to dominate the market and will stay the same through the analysis period.
The Asia Pacific is expected to grow at the fastest pace during the forecast period. Increasing awareness in consumers regarding the harmful effects of plastic in food storage is driving the glass container industry in the region which is pushing the growth of the recycled glass market.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Recycled Glass Market Driver
Recycled Glass Market Restraint
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
The Recycled Glass market is relatively fragmented, with a high level of competition. Few large players, like Coloured Aggregates Inc., Strategic Materials Inc, and Momentum Recycling, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.
Recycled Glass Market Top Player’s Company Profiles
Recycled Glass Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, Europe has the highest recycling rate of 73% which is the highest globally. Increasing government support for recycling and the use of these products helps it to dominate the market and will stay the same through the analysis period. The bottle & container glass accounts for 60% of the total market share for the recycling glass industry for the year 2021 and the fiberglass segment is expected to register the fastest growth during the forecast period.
|Market size value in 2021||USD 4.24 billion|
|Market size value in 2030||USD 4.51 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Recycled Glass Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Recycled Glass Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Recycled Glass Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Recycled Glass Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.