About Glass Recycling
Glass is made from readily available domestic materials, such as sand, soda ash, limestone and “cullet,” the industry term for furnace-ready scrap glass. Depending on the degree of purity achieved in the processing of cullets from waste glass recycling, glass can be melted as often as desired and converted into new products. Waste management need is rising and governments are restricting the rules regarding pollution are also propelling the growth of the very market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 2.0% |
The key manufacturers are targeting the innovations of the products with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Glass Recycling market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Strategic Materials (United States), Ardagh Group (Luxembourg), Momentum Recycling (United States), Heritage Glass Inc. (United States), Shanghai Yanlongji (China), The Glass Recycling Company (South Africa), Pace Glass (United States), Vitro Minerals (United States), Rumpke (United States) and Binder+Co (Austria) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Owens Corning (United States), Vetropack Holding (Switzerland) and Sesotec GmbH (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Glass Recycling market by Type (Container Glass and Construction Glass), Application (Concrete Aggregate, Fiberglass Insulation Products, Ceramic Sanitary Ware Production and Other) and Region.
On the basis of geography, the market of Glass Recycling 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 Process Type, the sub-segment i.e. De-Contamination Process will boost the Glass Recycling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Stringent Government Regulation for Vitric Products
Market Growth Drivers:
Increasing Use of Glass Recycling in Numerous Industries Includes Food & Beverages, Pharmaceuticals, Alcoholic Drinks and Others and Manufacturers Produced High-Quality Recycled Container Glass to Meet market Demands for New Glass Containers
Challenges:
Limited Number of Proper Glass Recycling Plants in Underdeveloped Nations
Restraints:
Stringent Environmental Pollution Laws in Developed Economies
Opportunities:
The Growth in the Numbers of Glass Recycling Plants in Developing Economies and Rising Need for Glass Recycling, Waste Glass as an Eco-Friendly Secondary Raw Material in the Production of Glass
Market Leaders and their expansionary development strategies
On January 19, 2023, Consolidated Container Launches New Line of Recycled Glass Bottles. Consolidated Container Company (CCC) announced the launch of its new EcoGuard line of recycled glass bottles. This new line of bottles is made from 100% recycled glass and is designed to be more sustainable than traditional glass bottles.
On February 10, 2022, O-I Glass and Vitro collaborated on New Glass Recycling Initiative. O-I Glass, Inc. (O-I) and Vitro, S.A.B. de C.V. (Vitro) announced that they are collaborating on a new glass recycling initiative in Mexico. This initiative will help to increase the collection and recycling of glass bottles and jars in Mexico.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.