The global recycled glass market value is expected to reach around 5,723.6 million by 2026 and will grow at a CAGR of 6.0% over forecast period 2019 to 2026.
Recycled glass refers to the reusing glass objects, which are preferably used for making virgin glass. The recycling of glass is a cost-effective process of virgin glass production, because it conserves natural resources, saves energy and simple to recycle. Additionally, it is good for the environment because it is 100 percent recyclable, for the same concern it can be recycled repeatedly with the same quality without any loss of purity. It is widely used in the construction industry, as the replacement of sand when finely crushed and as a replacement of gravel when less finely crushed. Apart from these, the recycled glass reduces the use of raw material, thereby reducing CO2 emission.
Along with this, the recycled glass is collected from various sources including deposit, buy back/drop-off and curbside. Deposit is mandatory for beverage container in some countries, which are installed under a program, where people give deposits while purchasing the glass bottle, and take the refund for the same, at the time of returning them at a collection center for refurbishment. Various laws associated with the collection center are also established by some governments for combating their respective sustainability goals. But buy back/drop-off source for the collection of recycled glass is preferred because it provides high-quality cullet. Additionally, it requires a high participation rate and public awareness. Curbside refers to the collection of used glass objects from the side of a pavement bordered by a curb. This method consists of the collection of single-stream waste, which is followed by sorting and segregation of glass waste.
Recycled glass is available in various forms including cullet, crushed glass, and glass powder, and has application according to the available product types. Cullet refers to the furnace-ready recycled glass, which has the property of melting at a low temperature at a faster rate. Crushed glass has usage across construction, asphalt, water filtration, sand/abrasive grit blasting, concrete aggregate, and insulation batts. In addition to these, the glass powder is residue from the sheet glass cutting, which is later used for the surface glass treatment with the help of blasting, reinforcement of synthetic resins, and path lines.
Apart from these, the application segment of recycled glass is segmented across glass bottle & containers, flat glass, fiber glass, highway beads, abrasives, and fillers among others.
The global recycled glass market is experiencing positive growth due to growing awareness about sustainable development across the globe. The supportive government regulations for the recycling of glass products are also supporting the market growth. The rapid industrialization is further boosting the market value. On the other hand, contamination from unwanted materials, which are present in the product waste stream can possibly create complications in the manufacturing process is another factor expected to hamper the market value over the forecast period. However, growing awareness regarding the use of recycled glass in industries like automotive is likely to create potential opportunities over the forecast period.
On the basis of source, buy back/drop off is accounted for the largest market share in the year 2018. Along with these, in terms of product, the market is segmented into cullet, crushed glass, and glass powder. Cullet accounted for the maximum market share in the year 2018 owing to its easy recycling and less energy consumption. Along with these, cullet reduces the use of raw materials which decreases the production cost is also a factor accelerating the market growth.
Furthermore, by application, glass bottles and containers held the largest market share in the global market. The rapidly growing packaging industry and realization of benefits associated with glass containers such as less interaction with the chemicals present in the environment are the factors propelling the demand of the segment.
The market research study on “Recycled Glass Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight on the global recycled glass market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global recycled glass market, its sources, product, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global recycled glass market size, and segment markets by sources, product, application, and geography along with the information on companies operating in the market. For each region, the market size for different segments have been covered under the scope of the report.
The global recycled glass market is segmented across the regions of North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. The implementation of various regulations by the government of developed countries is stimulating regional market growth.
The players profiled in the report include Ardagh Group, Balcones Resources Inc., Berry Glass, Gallo Glass company, Glass Recycled Surfaces, Harsco Minerals International and Coloured Aggregates Inc., Heritage Glass, Momentum Recycling, Ngwenya Glass, Owens Illinois Inc., Reiling Glass Recycling GmbH & Co. KG, Rocky Mountain Bottling Company, Strategic Materials, and Vetropack Holding Limited. The major players are involved in various new product development activities and mergers and acquisition for the expansion of market share.
Market By Sources
Market By Product
Market By Application
Market By Geography
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