PUBLISHER: The Business Research Company | PRODUCT CODE: 1465872
PUBLISHER: The Business Research Company | PRODUCT CODE: 1465872
Recycled glass is a material processed and repurposed from various sources, including glass bottles, jars, and other containers. Instead of being discarded as waste, these items undergo sorting, cleaning, and crushing to form cullet. The cullet is then melted down to produce new glass products, contributing to resource conservation, reduced energy usage in glass production, and a decrease in landfill waste.
The primary products derived from recycled glass include cullet, crushed glass, and glass powder. Cullet refers to crushed or recycled glass used as a raw material in glass manufacturing. Typically sourced from post-consumer or post-industrial glass waste, cullet is processed into small, uniform particles. Sources for recycled glass include deposit programs, drop-off or buy-back centers, and curbside pickups, with applications ranging from bottles and containers to flat glass, fiberglass, highway beds, abrasives, fillers, and other uses.
The recycled glass market research report is one of a series of new reports from The Business Research Company that provides recycled glass market statistics, including recycled glass industry global market size, regional shares, competitors with a recycled glass market share, detailed recycled glass market segments, market trends and opportunities, and any further data you may need to thrive in the recycled glass industry. This recycled glass market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The recycled glass market size has grown strongly in recent years. It will grow from $3.04 billion in 2023 to $7.2 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth observed in the historical period can be attributed to rising concerns about waste glass recycling, an increase in demand for sustainable products, rapid industrialization and urbanization, and a rising demand for recycled glass across a variety of industries.
The recycled glass market size is expected to see strong growth in the next few years. It will grow to $4.10 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The anticipated growth in the forecast period can be attributed to government regulations in favor of the industry, the implementation of stringent government policies around plastic use, increased awareness programs, growing environmental concerns about recycled glass, and government regulations. Key trends expected in the forecast period encompass new advancements in production technologies, technological advancements, product diversification, environmental awareness, and technological innovations.
The anticipated surge in demand for sustainable packaging is poised to drive the growth of the recycled glass market. Sustainable packaging involves the use of eco-friendly materials for wrapping, storing, shipping, or shelving products. The increasing demand for sustainable packaging stems from growing environmental concerns, regulatory pressures, consumer preferences, cost savings, and the global shift towards a circular economy. Recycled glass plays a crucial role in sustainable packaging by reducing the reliance on new glass production, leading to energy savings, lower greenhouse gas emissions, reduced waste sent to landfills, conservation of natural resources, and a decreased carbon footprint in packaging. For instance, Eurostat reported that European Union residents generated 188.7 kilograms of packaging waste per capita in 2021, marking a significant increase of 10.8 kilograms per person compared to 2020. Consequently, the heightened demand for sustainable packaging is a key driver behind the growth of the recycled glass market.
Leading companies in the recycled glass market are at the forefront of developing innovative products, exemplified by offerings such as refillable glass bottle reuse systems, aimed at promoting sustainability in the beverage industry. The refillable glass bottle reuse system involves the production of refillable bottles made from glass or PET plastic, capable of being reused multiple times before retirement and recycling. For example, in August 2023, Revino Inc., a US-based wine brokering company, introduced a refillable glass bottle reuse system tailored to the wine industry. Revino seeks to address sustainability concerns within the sector, particularly regarding carbon emissions associated with glass bottle production. This innovative system meets the pressing need for sustainability in the wine industry, offering reusable glass bottles that maintain quality and integrity through multiple refills. By establishing a closed-loop system that keeps bottles in circulation, Revino supports the wine industry's transition to a more circular and sustainable model, contributing to lower emissions.
In December 2023, BA Glass, a Portugal-based glass container manufacturing company, successfully acquired Recresco Ltd. for an undisclosed amount. This strategic acquisition is geared towards expanding BA Glass's recycling capacity and reinforcing its commitment to reducing its CO2 footprint while actively contributing to the development of a circular economy. Recresco Ltd. is a UK-based glass recycling company.
Major companies operating in the recycled glass market are Compagnie de Saint-Gobain S.A., Ardagh Group S.A., Verallia Packaging SAS, Vitro S.A.B. de C.V., Vetropack Holding Ltd., Kimble Chase Life Science and Research Products LLC, Consol Glass (Pty) Ltd., Stolzle Glass Group, Strategic Materials Inc., Vidroporto S.A., BMT Co. Ltd., Richfield Industries, Recresco Ltd., Balcones Resources, ACE Glass Recycling, Gallo Glass Company, Pace Glass Inc., Coloured Aggregates Inc., G.R.L. Glasrecycling NV, 2M Ressources Inc., Dlubak Glass Company, Harsco Minerals International, O-I Glass Inc., Berryman Glass Recycling, Trivitro Corporation GRL, Momentum Recycling LLC, Glass Recycled Surfaces, Ripple Glass, Gerresheimer AG, Triveni Glass Ltd.
Europe was the largest region in the recycled glass market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the recycled glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the recycled glass market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The recycled glass market consists of sales of glass packaging, fiberglass, glass halt, and glass fiber reinforced concrete. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Recycled Glass Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on recycled glass market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for recycled glass ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The recycled glass market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.