The global recycled glass market is projected to expand at a robust CAGR during the forecast period, 2021-2028. Recycled glasses are the glass can be made from the waste glasses that are of no use and can be recycled to make them usable. It is generally made from sand, limestone or soda ash and heated to high temperature as 2,500° F and made into the desirable shapes. In 2020, the recycling rate of the glass was 63%, which is expected to grow at a sustainable rate in the coming years.
Market Trends, Drivers, Restraints, and Opportunities
- Many countries are making separate garbage dump to keep glass waste, which is estimated to fuel the market growth.
- Increasing number of people are dumping used bottles to recycling bins, and in exchange they are getting paid for it. Thus, such reimbursement is anticipated to propel the growth of the market.
- Several countries have started waste glass deposit program in order to manage waste, which is positively influencing the market growth.
- Swift industrialization has resulted in large landfills of waste, which have boosted the demand for recycled products.
- Several government initiatives and awareness campaign for cleanliness are augmenting the global recycled glass market.
Scope of the report:
The report on the recycled glass market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Recycled Glass Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
2018 & 2019
Products (Crushed Glass, Cullets [Clean Cullets, Amber Cullets, and Green Cullets], and Glass powder), Applications (Glass Bottle & Containers, Flat Glass, Fiber glass, Highway Beads, Abrasives, Fillers, and Others)
Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
Recycled Market Segment Insights
Cullets segment is anticipated to grow at a high rate during the forecast period
On the basis of products, the market can be segmented into crushed glass, cullets, and glass powder. The cullets segment can be further divided into clean cullets, amber cullets, and green cullets. The cullets segment is anticipated to grow at a high rate during the forecast period. Cullets are used to make glass jars, glass bottles and fiber glass. It reduces the raw material required and increases the life of furnaces. Large cullets are used for making roads after mixing it with cement. Small cullets are mixed it with ceramics, bricks, and blocks to reduce baking temperature. It is also used to improve the soil quality. Cullets are also majorly used to manufacture glass containers and bottles.
Fiber glass segment is projected hold a significant share in the market during the projected period
In terms of applications, the market can be divided into glass bottle & containers, flat glass, fiber glass, highway beads, abrasives, fillers, and others. The fiber glass segment is projected hold a significant share in the market during the projected period. Fiber glass is a lightweight product and it can be made into any preferable shape. They exhibit properties such as better electrical insulation, low thermal conductivity, and good resistive properties. The extensive variety of properties has increased its application in various industries such as beverages, car wash, cooling towers, aerospace & defense, automotive industry, and metals & mining.
Europe to hold a significant share in the market
Based on regions the market can be divided into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Europe is estimated to account for a largest share of this market. The countries in Europe have high awareness with regard to glass recycling and has policies generated by the government in the favor of the companies. The European Union has launched a Circular Economy Package to manage the waste management, which includes recycling activities.
The market in Asia Pacific is anticipated to grow at a robust rate during the forecast period. Increasing government initiatives in countries such as India and China is driving the market growth. For instance, the Government of India introduced ‘Swachh Bharat Mission’ to promote cleanliness, which led better recycling of waste materials.
- Crushed glass
- Clean cullets
- Amber cullets
- Green cullets
- Glass powder
- Glass bottle & Containers
- Flat glass
- Fiber glass
- Highway beads
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
The key players of the market are trategic Materials, Momentum Recycling, Reiling Glass Recycling GmbH & Co. KG, Glass Recycled Surfaces, Coloured Aggregates Inc., Harsco Corporation.
In February 2018, Momentum Recycling LLC broadcasted the inauguration of Utah’s first glass recycling drop-off station. This is estimated to help the company to collect glass wastes without any difficulty.