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The global recycled glass market size reached a value of more than USD 4.74 billion in 2023. The market is expected to expand further at a CAGR of 5.70% between 2024 and 2032 and reach a value of USD 7.80 billion by 2032.
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Glass recycling is a process in which waste and unusable glass products are broken and crushed, then they are cleaned and prepared to melt in a furnace. They are mixed with other materials to make new bottles and jars. This process can be repeated infinitely without losing quality.
Several countries have started glass recycling programs to address the growing concerns about environmental concerns and waste management. Recycled glass can help reduce emissions and utilisation of raw materials.
The growing awareness of multiple environmental and economic benefits provided by recycled glass has propelled various market players to expand their presence in the developing regions.
Governments of various countries have started to develop programs for waste glass deposits with an aim for waste management. Schemes such as this can aid the growth of the market.
Glass manufacturers are increasingly utilising recycled glass for manufacturing various products including containers, countertops, bottles, and kitchen tiles, which can help in increasing sustainability and reducing manufacturing costs.
Glass bottles and containers are extensively used in industries such as food and beverage, healthcare, automotive, construction, and aerospace. The rapid development of these industries can provide growth opportunities.
The machines required for crushing, cleaning, melting the glass material and manufacturing a product, require a high initial investment. This can be a major entry barrier for new players and can impede the market growth.
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Based on the product, the market can be segmented into crushed glass, cullet, and glass powder. Based on the application, it can be bifurcated into highway beads, flat glass, fibre glass, bottle and container, among others. The regional markets for the market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.
Based on products, the market can be segmented into crushed glass, cullet, and glass powder. Among these products, the cullet segment is expected to hold a major share of the market owing to its wide usage in manufacturing glass bottles, glass jars, and windows, among other products.
Cullet provides various advantages, it has a low melting point which results in less energy consumption, reduces carbon emissions, and it utilises fewer raw materials.
The product finds applications in highway beads, flat glass, fiber glass, bottles and containers, among others. Among these segments, bottle and container are expected to hold the largest market share owing to the increasing demand for storage in various industries. The rapid development of the food and beverage industry and the rising use of cullet for manufacturing bottles and containers are expected to propel the market development.
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Strategic Materials, Inc. is a leading recycled glass and plastic processing company, founded in 1896. The company is headquartered in Texas, United States, and it is engaged in recycling, waste management, and innovative processing, among others. Their products include containers, fibreglass, highway bead, glass abrasives, fillers, speciality glass, and plastics.
Vetropack Holding Ltd is a Switzerland-based family-managed glass packaging manufacturer company, which was founded in 1911. The company runs advanced production facilities in Switzerland, Austria, the Czech Republic, Slovakia, Croatia, Ukraine, and Italy.
Momentum Recycling, LLC is an American company focused on providing waste processing and recycling services for glass and green waste. The company is headquartered in Utah, United States, and it was founded in 2008. They specialise in providing services such as glass recycling, waste audits, and food waste recycling, among other waste management-related services.
Other market players include Dlubak Glass Company and O-I Glass, Inc, among others.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global market for recycled glass reached a size of USD 4.74 billion.
The market is expected to grow at a CAGR of 5.70% during the forecast period of 2024-2032.
The market is expected to reach a value of USD 7.80 billion by 2032.
The market is driven by the growing environmental concerns around the world and government policies to promote waste management.
Market players expanding their market presence in emerging regions and rising utilisation of recycled glass due to environmental benefits can provide significant market growth opportunities.
The regional markets for the market include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The components of the market include crushed glass, cullet, and glass powder.
The applications of recycled glass include highway beads, flat glass, fibre glass, bottle and container, among others.
The key players in the market include Strategic Materials, Inc, Vetropack Holding Ltd, Momentum Recycling, LLC, Dlubak Glass Company, and O-I Glass, Inc, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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