27-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Recycled Glass Market By Source (Deposit program, Drop off/buy-back centers, Curbside pickups) By Product (Glass Cullet, Glass Fines) and By Application (Bottles & Containers, Fiberglass Insulation, Abrasives, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Recycled Glass market in 2019 was around USD 4 Million. The market is expected to grow at a CAGR of 6% and is anticipated to reach around USD 6 Million by 2026.
Rising awareness among the people related to global warming and climate change is the prime reason that is driving the recycled glass market owing to the rising amounts of glass waste in landfills that in turn leads to the emission of greenhouse gases and other pollutants in the environment that are harmful to the living things. The use of glass in various industries like food & beverages, pharmaceuticals is projected to drive the demand for recycled glass market.
However, the complex manufacturing process along with the contamination by unwanted materials like plastic, stones, metal caps in the product waste stream is anticipated to hinder the growth of the recycled glass market. The lack of investments from the investors due to low returns and extended payback times even after investing huge amounts of capital is negatively influencing the market. Nevertheless, the increasing use of recycled glass across various industries like automotive, defense, manufacturing, food processing, the packaging is providing various growth opportunities for the recycled glass market.
Browse the full “Recycled Glass Market By Source (Deposit program, Drop off/buy-back centers, Curbside pickups) By Product (Glass Cullet, Glass Fines) and By Application (Bottles & Containers, Fiberglass Insulation, Abrasives, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/recycled-glass-market-by-source-deposit-program-drop-985
As per the source analysis, the drop off/buyback centers are expected to dominate the market. In this type of waste collection technique, waste glass in first sent to a facility where these glass materials are recovered and then to a glass recycling plant where the process of sorting of glass based on its type, thickness, shape, color is done. Later if there is any kind of containment in the glass, then it is removed and the cleaning process of glass takes place. Owing to a large amount of glass collection and its convenience during the collection process stimulates the growth of this sector.
Moreover, it also helps in raising consciousness about glass recycling among the local people. As per the product analysis, glass cullet is expected to lead the market share owing to its wide use in the process of glass production. It also helps in improving the overall operational performance of the glass production process and helps in minimizing the cost and energy requirements. Furthermore, it augments the service life of the equipment used in the production and helps in reducing the requirement of raw materials. As per the application analysis, the fiberglass insulation is expected to share the maximum market as it has higher resistance features and excellent insulation properties and can be used in multiple end-user industries.
As per the regional analysis, the region of Europe is expected to dominate the market share as there is a high awareness among the people associated with glass recycling. The government of the countries in this region supports the recycling program through various policies and initiatives. They also promote various recycling activities and efficient waste management process. Many countries are increasing landfill taxes which would in turn help in reducing the glass waste disposal in landfills.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 4 Million |
Projected Market Size in 2026 |
USD 6 Million |
CAGR Growth Rate |
6% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
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, and Others |
Key Segment |
By Source, Product, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The major key players involved in the recycled glass market are as follows
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
This report segments the Recycled Glass market as follows:
By Source Segmentation Analysis
- Deposit program
- Drop off/buy back centers
- Curbside pickups
By Product Segmentation Analysis
By Application Segmentation Analysis
- Bottles & Containers
- Fiberglass Insulation
- Abrasives
- Others
By Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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