Global Recovered Glass Market Overview:
Recovered glass is obtained by processing waste glass into usable products. Glass waste is separated by chemical composition, and then, depending on the end-use it has to be separated into different colors. The recovered glass market is expected to witness significant growth over the projected period in the United States region. In current years, legislative pressure and improvement in cullet quality have significantly influenced the recovered glass market. The growing building and construction industry coupled with various applications of recovered glass is expected to fuel the market growth over the forecasted period. The US Glass Packaging Institute (GPI) has estimates that the container glass and flat glass industry in the United States uses a total of 3.25 Mta of recovered glass. The proportion of recovered glass in the United States container glass production increased from around 23 percent in 2008 to 31.6 percent in 2013. Some of the players profiled in the study are Strategic Materials, Inc. (United States), United Resource Management (Australia), ACE Glass Recycling (United States), Gallo Glass Company (United States), Balcones Resources (United States), Ripple Glass (United States), Momentum Recycling, LLC (United States), Cap Glass (United States), Glass Recovered Surfaces (United States) and Dlubak Glass Company (United States).
On the basis of geography, the market of Recovered Glass has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Vertical, the sub-segment i.e. Building and Construction will boost the Recovered Glass market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Deposit Program will boost the Recovered Glass market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Rising Awareness among People about Sustainable Development and Growing Domestic Demand
- Support from Local States Government and Funding’s
Restraints
- High Initial Investments in Glass Recycling Owing To High Cost for Removal of Contaminants
- Lack of Investment in Industry Since Profit Margins Are Comparatively Low
Opportunities
- Huge Opportunities for Small Manufacturers and Start-ups to Come Up With Cost-Effective Solutions
Challenges
- Complex Manufacturing Process
- High Degree of Competition among Industry Players
Key Market Developments:
In October 2017, private investment firm Littlejohn & Co, LLC has announced the acquisition of Strategic Materials Inc. with a motive of supporting the later company’s growth objectives. This deal is a high endorsement for their company and this would help in improving their operations and strategic executions.
In January 2020, Strategic Materials Inc. has declared the expansion of crushed glass abrasives production by opening a new facility in Houston in order to cater to the rising domestic demand.
Target Audience:
Recovered Glass Vendors, Raw Material Suppliers, Government and research organizations, End-use Industries and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Recovered Glass market on the basis of product [Cullet (Clear Cullet, Amber Cullet, Green Cullet), Crushed Glass and Glass Powder] , application [Glass Bottle & Containers, Flat Glass, Fiber Glass, Highway Beads, Abrasives and Others (Fillers, Specialty Glass)], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Recovered Glass market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Recovered Glass industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Ardagh Group (Ireland), Heritage Glass (United States), 2M Ressources (Canada), Berryman Glass Recycling (United Kingdom) and Vetropack Holding Ltd. (Switzerland).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Recovered Glass market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.