Recycled Glass Market: Global Industry Size, Growth, Manufacturers, Segments and Forecast: 2022-2031

Shibuya-ku, Tokyo, Japan, Japan, Mar 25, 2022, 00:08 /Comserve / -- Recycled Glass Market :Global Size, Share, Trends, Forecast, Growth, Key Players, Market Segments & Regional Analysis (Latin America, North America, Asia Pacific, Europe, Middle East)

'The report on Recycled Glass Market was recently published by SDKI, which includes the latest market trends, current and future opportunities along with the factors that are driving the growth of the market. This report further encompasses the records for the expansion of the market along with information on the investment opportunities that help the clients to take positive decisions on the parameters for gaining profitable revenues. Moreover, the report also contains identification and investigation of the market structure, in-depth qualitative analysis, restraints & challenges, growth drivers, emerging product trends & market opportunities and Porter's five forces.

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• Glass is 100% recyclable. It can be recycled without loss of quality or purity. Glass recycling is processing of waste glass into usable products. Glass that is crushed and ready to be re-melted is called cullet.
• Use of recycled glass in manufacturing processes conserves raw materials and reduces energy consumption. Every 10% increase in cullet usage results in 2%–3% of energy savings in the melting process.
• In terms of demand, the Europe region is anticipated to dominate the global recycled glass market during the forecast period. The recycled glass market in Europe is likely to expand significantly in the next few years, due to growth of the food & beverages industry in the region. Moreover, the rise in building insulation and pipe insulation activities is expected to boost the global recycled glass market during the forecast period.

Key Drivers of Recycled Glass Market

• The glass container industry in North America is expanding, as glass is considered an eco-friendly material of packaging. Glass is a natural choice of health-conscious consumers who value high-quality ingredients and freshness. Moreover, glass is an ideal packaging solution for beverages. Several current market trends are largely influenced by the packaging of food and beverages, which offers significant opportunity to manufacturers of glass containers.
• According to the Glass Packaging Institute, the glass container industry in the U.S. is valued at US$ 5.5 Bn . Around 44 glass-manufacturing plants are operated in 21 states and 63 glass-processing facilities in 30 states across the country. A majority of glass containers sold in the U.S. are produced domestically. Furthermore, glass container manufacturers consistently invest in operations, technologies, and available equipment to further reduce the use of energy.
• Thus, increase in glass packaging across various industries, such as food & beverages and pharmaceutical, is projected to propel the global demand for recycled glass during the forecast period

Lucrative Opportunities for Recycled Glass Market

• Recycled glass is utilized to produce containers, kitchen tiles, countertops, and wall insulation. Glass manufacturers are also using recycled glass to improve sustainability and to reduce manufacturing costs.
• Use of recycled glass helps reduce emissions and consumption of raw materials; extends the life of plant equipment such as furnaces; and saves energy. In manufacturing processes, cullet requires less amount of energy to melt as compared to other raw materials.
• Recycled glass is a raw material used for the manufacture of glass, and the more the recycled glass is used, the greater is the reduction in energy consumption in a furnace. Thus, use of recycled glass lowers the cost of production for manufacturers of glass container. Furthermore, usage of recycled glass saves water consumption, which is required for virgin glass manufacturing. Thus, manufacture of glass products with recycled content requires less energy. This factor is projected to boost the global recycled glass market during the forecast period.

Asia Pacific to Dominate Recycled Glass Market

• In terms of volume, Europe dominated the global recycled glass market. The market in the region is expected to expand at a CAGR of 6.7% during the forecast period. Europe is an attractive region of the global recycled glass market, led by rise in the number of regulations regarding glass recycling and technological reforms in the region.
• China is a key country of the recycled glass market in Asia Pacific, owing to growth of industries, such as packaging, in the country. China is a major hub for automotive products, in which recycled glass is used due to its superior properties over recycled plastic.
• The recycled glass market in Asia Pacific is projected to remain highly lucrative during the forecast period, due to rapid industrialization and rise in the demand for recycled glass in the building & construction industry in the region

Glass Cullet Majorly Used in Manufacturing of Bottles and Jars

• In terms of volume, the glass cullet segment held a major share of the global recycled glass market in 2018 . The segment is likely to expand at a CAGR of 5.5% during the forecast period. Glass cullet is primarily employed in the manufacture of new glass bottles and jars. Bottle-to-bottle recycling is a major use of recycled glass.
• The glass fines segment also held a considerable share of the global recycled glass market in 2018 . Glass fines are primarily used in asphalt, construction aggregates, and road aggregates as well as for sand/abrasive grit blasting, sports turf/drainage, brickmaking, water filtration, and fiberglass insulation.

Leading Players Actively Engage in Joint Ventures and R&D Activities

• Key players operating in the global recycled glass market are
  • Strategic Materials, Inc.
  • ACE Glass Recycling
  • Balcones Resources
  • Gallo Glass Company
  • Ripple Glass
  • Pace Glass Inc.
  • Momentum Recycling LLC
  • 2M Ressources Inc.
  • CAP Glass
  • Bradish Glass, Inc.
  • Dlubak Glass Company.
• These companies actively engage in expansions, mergers and acquisitions, and joint ventures in order to maintain their share in the global recycled glass market.
• In July 2017 , Strategic Materials announced a partnership program with Dekalb County's Sanitation Division to promote glass recycling in Atlanta, Georgia (the U.S.). After months of planning, nearly 20 glass recycling bins have been placed throughout the county, in which residents can conveniently drop off their glass recyclables in large, industrial-sized collection containers.

The latest study analyzes the historical and present-day scenario of the global recycled glass market to accurately gauge its potential for growth. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for future growth of the global recycled glass market, to identify opportunities for stakeholders. The report also provides insightful information about how the global recycled glass market would expand during the forecast period i.e. 2022-2031.

The report offers intricate dynamics about different aspects of the global recycled glass market, which aids companies operating in the market in making strategic business decisions. The study also elaborates on significant changes that are anticipated to configure growth of the global recycled glass market during the forecast period. It also includes key indicator assessment that highlights growth prospects for the global recycled glass market and estimates statistics related to the market in terms of value (US$ Mn) and volume (tons).

This study covers detailed segmentation of the global recycled glass market, along with key information and a competitive outlook. The report mentions profiles of players that are currently dominating the global recycled glass market, wherein various developments, expansions, and winning strategies practiced by these players have been presented in detail.

For more information about this report visit: Recycled Glass Market '

The report provides detailed information about the global recycled glass market on the basis of comprehensive research on various factors that are playing a key role in promoting growth of the market. Information mentioned in the report answers path-breaking questions for companies that are currently operating in the global market and are looking for innovative methods to create a unique benchmark in the global recycled glass market so as to help them design successful strategies and make target-driven decisions.

• Which product segment of the global recycled glass market is estimated to emerge as a major revenue generator for the market during the forecast period?
• How are key market players successfully earning revenues from advantages offered by recycled glass?
• What would be the Y-o-Y growth trend of the global recycled glass market between 2022-2031?
• What are the winning imperatives of leading players operating in the global recycled glass market?

Research Methodology – Recycled Glass Market

The research methodology adopted by analysts for compiling the report on the global recycled glass market is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the global recycled glass market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of the data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global recycled glass market.

For secondary research, analysts have scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global recycled glass market.

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Table of Content
1. Preface

1.1. Market Definition and Scope

1.2. Market Segmentation

1.3. Key Research Objectives

1.4. Research Highlights

2. Assumptions and Research Methodology

2.1. Report Assumptions

2.2. Secondary Sources and Acronyms Used

2.3. Research Methodology

3. Executive Summary: Global Recycled Glass Market

4. Market Overview

4.1. Introduction

4.2. Key Market Developments

4.3. Key Market Indicators/Definitions

4.4. Market Dynamics

4.4.1. Drivers

4.4.2. Restraints

4.4.3. Opportunities

4.5. Global Recycled Glass Market Analysis and Forecast, 2018–2027

4.5.1. Global Recycled Glass Market Volume (Kilo Tons)

4.5.2. Global Recycled Glass Market Value (US$ Mn)

4.6. Porter's Five Forces Analysis

4.7. Value Chain Analysis

4.8. List of Manufacturers

4.9. List of Potential Customers

5. Global Import–Export Analysis, by Region, 2018

5.1. North America

5.2. Europe

5.3. Asia Pacific

5.4. Rest of World

6. Pricing Analysis, 2018

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