Recycled glass entails the processing of 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 market growth over the past years. It also curbs space acquired by bottle and jar waste in landfills, which leads to fewer pollutant emissions into the environment.
The global recycled glass market is anticipated to be valued at over USD 4.5 billion in 2020 and grow at a CAGR of 7.6% by 2027.
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Recycled glass is one of the key areas of interest in the world of recycling. The market has been in existence since the 1960’s. 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.
Europe is currently the largest regional market, with recycling rates increasing tremendously over the past 10 years with the presence of the required infrastructure and policy framework.
North America will be a key region in terms of market growth. Only one third of the 10 million tonnes of glass waste generated yearly by the US is recycled. Industry participants have been trying to optimise processes and introduce better policies for the collection and assortment processes.
The global recycled glass market volume was estimated at over 25 million tons, accounting for more than 20% of the overall glass volume produced globally. Companies are continuously focusing on expanding capacities, increasing awareness through different channels, and developing technology to meet recycling targets.
In January 2020, Houston-based glass recycler Strategic Materials Inc. opened a new crushed glass abrasives production facility in Houston in order to cater to increased regional demand. The facility with enhanced bagging technology aims at tripling its abrasive product output. In May 2021, Consol Glass initiated an awareness programme on "Ocean Pollution" to reduce plastic waste and switch to sustainable packaging choices.
The report provides granular information on various market segments,
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Straits Research’s latest edition of the Global Recycled Glass Market Report is a comprehensive study analysing the demand-supply scenario, key industry trends, market estimates and forecast, and competitive landscape.
With the aim of helping industry stakeholders understand the prevailing market trends and issues, identify areas of opportunities, highlight key growth strategies and what’s next in the coming 7 years, we have curated our table of contents with absolute details.
How has COVID-19 influenced the consumer goods industry? What impact has been shifted to the packaging industry? Was there a direct link between COVID's impact on the recycled glass industry?
Our report will seek to answer these questions and many more that are vital to stay updated and ready for strategic decision making.
Dedicated section on understanding the supply side, i.e., production cost breakdown, list of key suppliers/collectors/recyclers, along with raw material analysis to facilitate procurement teams.
Demand side analysis is covered with exhaustive coverage on revenue & volume analysis by different segments, expected CAGR, historic numbers and country level market data.