Recycled Glass Market

Market Overview

The global recycled glass market size was valued at USD 5.18 billion in 2022 and is projected to reach a value of USD 8.26 billion by 2031, registering a CAGR of 7.6% during the forecast period 2023-2031.

Recycled glass entails processing glass waste into products that can be further used as raw materials or in other applications. Significant benefits associated with recycled Glass, such as a reduction in air pollution by 20% and related water pollution by 50%, have been pivotal in the market growth over the past years. It also curbs space acquired by bottle and jar waste in landfills, leading to fewer environmental pollutant emissions.

Recycled glass is one of the critical areas of interest in recycling. The market has been in existence since the 1960s. However, the burgeoning demand for recycled raw materials increased awareness among consumers, and regulatory mandates have sparked growth in the past few years.

A key driver for recycled Glass has been its impact on glass production in terms of reductions in raw material volumes and cost, along with prolonged plant life and improved energy savings. Untapped potential in developing economies and continuous upgradation of the glass recycling process promise growth over the next 7-10 years.

Market Dynamics

Global Recycled Glass Market Drivers

Rising demand for recycled glass across a variety of industries, including the automotive, aerospace and defense, and food processing

The primary driver of the recycled glass market's revenue growth is an increase in demand for recycled Glass due to its use in various industries, including the automotive, aerospace and defense, manufacturing, food processing, and others. Recycling waste glass involves crushing, cleaning, sorting, and combining it with other raw materials like soda ash and sand to produce recycled Glass. It is used in a variety of industries, including food and beverage (F&B), construction, and others, because it can be melted to create new items of various sizes and shapes, such as bottles, jars, abrasives, containers, and insulating materials. Glass has a wide range of uses, including making windows, storage bins, bottles, and drinking glasses, which is propelling market revenue growth. Additionally, businesses that use glass containers, like the food and beverage industries and the pharmaceutical industry, which frequently uses glass containers to store medications, use bottles and containers made from recycled Glass. Additionally, the production of tiles, landscaping materials, and paving materials from smaller glass materials is used in construction, which is, in turn, boosting market revenue growth.

Another factor boosting recycled glass market revenue growth is the increase in demand for recycled Glass in the construction sector for filler aggregate, pipe bedding material, drainage, and asphalt aggregate. Polymer concrete is made by replacing sand with crushed recycled Glass. In particular, recycled Glass produces a high-strength, water-resistant material ideal for industrial flooring and infrastructure drainage, fueling market revenue growth in areas with high activity, such as gas stations, forklift operation areas, and airports.

Global Recycled Glass Market Restraints

Recycling contributes to increased pollution, increased energy use, and increased costs.

The Glass that has been recycled contains ceramics and other impurities that taint the entire recycling process. One recycling stream at a time becomes contaminated by Glass. Broken Glass contaminates other recyclables, such as paper and cardboard, lowering their value and impeding the growth of the market's revenue. The environment and human health may be negatively affected by improper recycling. Land, air, and ecosystems are contaminated by debris and hazardous waste. Recycling waste that isn't correctly disposed of harms the environment. Another factor impeding the growth of the market's revenue is the greenhouse gas methane produced when recycling Glass which can contribute to global warming and ozone depletion.

Global Recycled Glass Market Opportunity

a new tracking programs

Several market participants in recycled Glass are making significant efforts to boost glass recycling rates and raise awareness among commercial organizations and consumers as a result of growing environmental safety concerns. Glass bottle manufacturers are vying more and more to boost their profits by streamlining the recycling of Glass through the use of new technologies and software modules.

Regional Analysis

Depending on the region, the market is analyzed in North America, Asia-Pacific, Europe, and LAMEA. Europe dominates the market.

Europe 

Europe is currently the largest regional market, with recycling rates increasing tremendously over the past ten years with the presence of the required infrastructure and policy framework. Government programs encouraging the use of recycled glasses and widespread public awareness of recycling practices fuel market revenue growth in this region. The European Union has already implemented the Circular Economy Package to promote effective recycling and waste management practices. To prevent the disposal of glass waste in landfills, European nations like Germany and the UK are raising landfill tax rates, propelling market revenue growth. According to the Europe Glass Container Federation, the average recycling rate for glass packaging increased to a record rate of 78% in 2019.

North America 

North America will be a crucial region in terms of market growth. Only one-third of the 10 million tons of glass waste generated yearly by the US is recycled. Industry participants have been trying to optimize processes and introduce better policies for the collection and assortment processes. This is due to increased consumer demand for bottles and containers due to the adverse effects of storing food in plastic. Food and drink containers are frequently made of recycled Glass. For instance, the largest glass recycler in North America, Strategic Materials, Inc., announced on January 31, 2020, that it would open a new production facility in Houston, Texas, to manufacture crushed glass abrasives. This facility was built in response to the growing demand for surface preparation in the local market and a clear industry trend toward abrasive materials that are safe for the environment and workers' health.

Asia-Pacific

The Asia Pacific market is anticipated to experience significant revenue growth throughout the forecast period. Its many benefits, such as reusable filling, recycling, and infinite reuse, have increased its applicability in various industries, including food and beverage, automotive, construction, healthcare, aerospace, and defense. This is due to the rising demand for recycled Glass in nations like India and China. Glass bottles and containers are also frequently used in the alcoholic and non-alcoholic beverage industries because of their ability to maintain sterility, non-permeability, and chemical inertness.

Segmental Analysis

 The recycled glass market is segmented by source, type, application, and region.

Based on the source, the market is further segmented as Deposit Programs and Drop Off Centers.

Drop OFF centers

The drop-off/buy-back centers market accounted for a sizeable portion of total revenue. Glasses used for recycling are sent to a facility for material recovery, then to a plant where extracts are first sorted. Contaminants are eliminated, and finally, cleaning is carried out. The process has an advantage over other sources because it can collect a lot of glass waste. It contributes significantly to raising locals' awareness of the importance of recycling glass. Drop-off facilities are one of the easiest ways to collect recyclables because people can quickly bring their used Glass, metal, plastic, and paper to the location. These facilities are typically placed close to busy areas like parking lots, supermarket entrances, and others, and they help this market segment grow in revenue.

Based on type, the market is bifurcated into Cullet, Glass Powder.

Cullet

The Glass that has been broken and treated with color-based separation is known as cullet. In manufacturing, glass cullet and other raw materials like soda ash, limestone, and silica can be used. Most businesses get their cullet from internal facilities, downstream processing units, and post-consumer recycled cullet. Internal cullet comprises rejects and manufacturing scrap from the melting, shaping, and annealing processes, making up 10% to 20% of the daily draw, depending on yield. Excellent glass powder with a particle size of between 100 and 500 microns is heated to a temperature between 700°C and 900°C before adding a foaming agent. Glass cullet is additionally used in a variety of construction applications, such as the replacement of cement and aggregate in concrete, road beds, pavement, and other construction projects, as well as in other applications like abrasives, fluxes/additives, the production of fiberglass insulation, and foam insulation, which is boosting this segment's revenue growth.

By application, the market is further divided into Flat Glass, Fiberglass.

Fiberglass

The fiberglass segment is anticipated to experience significant revenue growth throughout the forecast period. Fiberglass has several advantages, including excellent insulation, resistivity, and a low linear expansion coefficient, all contributing to the segment's revenue growth. This segment's revenue is expanding due to its use in various industries, including automotive, aerospace and defense, manufacturing, food processing, power generation, metals and mining, pulp and paper, and others.

Recent Developments

• In September 2022, Today, Ripple Glass in Kansas City, Missouri, was acquired by Strategic Materials, Inc. (SMI). With the acquisition, SMI will move more quickly toward improving glass collection programs and raising glass recovery rates across North America.
• In November 2022, Modern machinery and increased sustainability will be featured in Vetropack's new Italian facility.
• In September 2022, The first returnable bottles made of thermally tempered lightweight Glass were called Echovai by Vetropack.