Recycled Glass Market PR .pdf
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The Global Recycled Glass Market to Bloom
at 6.02% CAGR by 2028
Triton Market Research presents the Global Recycled Glass Market report segmented by Product (Cullet,
Crushed Glass, Glass Powder), by Application (Bottles & Containers, Flat Glass, Fiberglass, Highway Beads,
Others), by Geographical Region (North America, Europe, Asia-Pacific, Latin America, Middle East and
Africa), discussing Market Definition, Key Insights, Porter’s Five Forces Analysis, Vendor Scorecard, Market
Attractiveness Index, Drivers, Restraints, Opportunities, Challenges, Global Market Size, Forecasts &
Triton Market Research states that the Global Recycled Glass Market is evolving at a CAGR of 6.02%
(revenue) and 6.25% (volume) during the forecasted period (2020-2028). The upsurge in alertness for
sustainable development and the supportive government regulations promoting the adoption of recycled
glass are the driving factors behind the growth of this market. However, this growth is being hindered due
to inadequacy in recycling activities.
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Glass is a material that does not decompose, and therefore, it becomes crucial to recycle it. The recycling
of glass is a process involving various stages, right from where it is first disposed to where it is crushed,
melted, & molded into a new product, like a bottle or jar. It is also used for other purposes, such as
manufacturing bricks or decorating items. The recycling process does not degrade the glass, and hence, it
can be recycled repeatedly.
The market in Europe is estimated to grow the fastest during the forecast period, accounting for the
largest share in the global recycled glass market by 2028.
Glass recycling is widely implemented in Germany. Consumer containers are placed in several districts in
which waste glass is collected, so that it can be sent for recycling. Moreover, the German Pfand System
was brought into action to ensure there is a policy for recycling glass and plastic bottles. The policy was
implemented to encourage beverage manufacturing companies to offer their products in multipurpose,
refillable glass bottles – these can be refilled up to 50 times. Hence, fewer bottles need to be
manufactured, which also reduces the average CO2 emission per bottle.
In Italy, the rate of glass recycling is 70%. The country is at the forefront when it comes to the recovery
and reuse of materials, and therefore, glass is increasingly recycled. In fact, glass was the most commonly
recycled waste item in Italy. Nearly 94% of the households in the country that performed waste
separation, recycled glass bottles.
The renowned players in this industry include Pace Glass, Glass Recycled Surfaces, O-I Glass Inc,
Momentum Recycling LLC, Verallia, Reiling Glass Recycling GmbH & Co KG, Coloured Aggregates Inc,
Vetropack, Strategic Materials, Gallo Glass Company, Harsco Corporation, and Ngwenya Glass. The high
cost associated with the recycling of glass raises the amount of investment required, which restrains new
players from entering this market. Moreover, they also face certain legal barriers. Also, the growing
demand for recycled glass, along with the increasing distribution channels, indicates that the global
recycled glass market is on a growth path.
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