What Has Been The Evolution of the Recycled Glass Market in Recent Years?
The recycled glass market has seen considerable growth due to a variety of factors.
• The size of the recycled glass market has witnessed robust expansion in the past few years. It is expected to escalate from a value of $3.25 billion in 2024 to $3.48 billion in 2025, marking a compound annual growth rate (CAGR) of 7.1%.
Factors such as increasing concern about glass waste recycling, the growing requirement for sustainable products, swift industrialization and urbanization, as well as the surging call across different industries for recycled glass, are contributing to this growth observed in the historical period.
What Are the Future Growth Projections for the Recycled Glass Market?
The recycled glass market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated to witness robust expansion in the upcoming years, the market size for recycled glass is predestined to reach $4.24 billion by 2029, escalating at a compound annual growth rate (CAGR) of 5.1%.
The surge during the prediction period can be credited to favourable government regulations for the industry, strict governmental policies related to plastic utilization, amplified awareness initiatives, and escalating environmental worries regarding recycled glass and governmental regulations. Prominent developments during the projected period encompass novel progressions in manufacturing technologies, technological breakthroughs, diversification of products, increased environmental consciousness, and technological ingenuity.
What Are The Core Factors Supporting Growth In The Recycled Glass Market?
The surge in the need for environmentally friendly packaging is poised to catalyze the expansion of the recycled glass market. Eco-friendly materials are employed in such sustainable packaging to encase, store, transport, or keep goods on the shelves. A rise in ecological worries, regulatory imperatives, and customer inclinations, alongside cost efficiency, and the transition to a circular economy is driving the growth in demand for these packaging solutions. The utilization of recycled glass contributes to this sustainable goal, curtailing the demand for new glass production, which in turn conserves energy, lessens greenhouse gas discharges, and shrinks waste destined for landfills, while saving natural resources and diminishing the carbon footprint of the packaging process. As an example, per reports from Trivium Packaging, a packaging and container manufacturer based in the Netherlands, the demand for sustainable packaging in 2022 remained strong, with 70% of consumers identifying as conscious about the environment, a 3% rise compared to the previous year. Therefore, the growing need for sustainable packaging is leading to the advancement of the recycled glass market.
What Are The Major Segments Within The Global Recycled Glass Market?
The recycled glass market covered in this report is segmented –
1) By Product: Cullet, Crushed Glass, Glass Powder
2) By Source: Deposit Program, Drop Off Or Buy Back Centers, Curb Side Pickups
3) By Application: Bottle And Container, Flat Glass, Fiberglass, Highway Beds, Abrasives, Fillers, Other Applications
Subsegments:
1) By Cullet: Post-consumer Cullet, Post-industrial Cullet, Mixed Cullet, Clear Cullet, Colored Cullet
2) By Crushed Glass: Crushed Glass for Construction, Crushed Glass for Landscaping, Crushed Glass for Industrial Applications, Crushed Glass for Water Filtration
3) By Glass Powder: Glass Powder for Manufacturing, Glass Powder for Road Construction, Glass Powder for Paints and Coatings, Glass Powder for Other Industrial Uses
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What New Trends Are Influencing The Recycled Glass Market?
Key players in the recycled glass market, such as those manufacturing refillable glass bottle reuse systems, are fostering sustainability within the beverage industry. These systems engage refillable bottles - made of glass or PET plastic – that can be continually reused before ultimate retirement and recycling. In August 2023, for example, US wine brokering firm Revino Inc. introduced a reusable glass bottle system specifically designed for the wine industry. The initiative is to address the mounting sustainability worries in the sector, especially with respect to glass bottle production that significantly increases carbon footprint. By offering glass bottles that can be frequently refilled without breaching quality or integrity, this ground-breaking framework addresses a crucial sustainability need in the wine industry. Revino aids the transition of the wine industry towards decreased emissions and a circular, sustainable model by establishing a closed-loop system that ensures continuous bottle circulation.
Who Are the Key Players In The Recycled Glass Market?
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.
• Stölzle 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.
What Is The Most Dominant Region In The Recycled Glass Market?
Europe was the largest region in the recycled glass market in 2024. 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.
