Glass Recycling Market by Product and Geography - Forecast and Analysis 2022-2026

The glass recycling market share is expected to increase by USD 1.08 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.47%. This glass recycling market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The glass recycling market report also offers information on several market vendors, including Biffa Plc, Bottleman Recycling Services Ltd., Bywaters, Dlubak Glass Co., Gaskell Waste Services Ltd., Glass Recycling (UK) Ltd., Glassco Recycling Ltd., Momentum Recycling LLC, Prism Glass Recycling LLC, Ripple Glass LLC, Rubicon Technologies LLC, Stericycle Inc., Strategic Materials Inc., SWARCO AG, TerraCycle Inc., Vetropack Holding Ltd., Vitro Minerals Inc., Wiegand Glas Holding GmbH, and FCC Environment (UK) Ltd. among others. Furthermore, this report extensively covers glass recycling market segmentation by product (container glass and construction glass) and geography (Europe, APAC, North America, Middle East and Africa, and South America).

What will the Glass Recycling Market Size be During the Forecast Period?

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Glass Recycling Market: Key Drivers, Trends, and Challenges

The economic benefits of glass recycling is notably driving the glass recycling market growth, although factors such as high operating cost due to complex supply chain may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the glass recycling industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Glass Recycling Market Driver

One of the key factors driving growth in the glass recycling market is the economic benefits of glass recycling. Glass recycling helps conserve natural resources and landfill space. In addition, it has been estimated that by replacing around 10% of natural raw materials by recycled glass cullet in the glass production process, the energy consumption is reduced by approximately 3%. The lower energy consumption is also expected to reduce carbon dioxide emissions. Similarly, the glass recycling process has many other economic benefits, such as saving raw materials, extended furnace life, and environmental benefits. This, in turn, will reduce greenhouse gas emission during the process. For instance, it is estimated that replacing 10% of natural raw materials with recycled glass cullet helps reduce nitrogen oxide and sulfur oxide emission by 4% and 10%, respectively. 

Key Glass Recycling Market Trend

The increased use of glass cullet in North American glass container industry is a glass recycling market trend that is expected to have a positive impact in the coming years. With high awareness about the benefits of glass recycling, especially due to government initiatives, the use of recycled glass cullet in the glass container industry in North America has been increasing, along with the increased demand for products such as green glass, which is made up of 90%-95% of recycled materials. Government organizations such as the Environmental Protection Agency (EPA) are also encouraging glass manufacturers to use recycled glass cullet as major raw materials. During the forecast period, many other glass container manufacturers are aiming to adopt sustainability in their business operation by adopting recycled materials in their products. The government support for using recycled glass and rising environmental awareness of glass container manufacturers are expected to increase the market opportunities of glass recycling vendors across North America during the forecast period.

Key Glass Recycling Market Challenge

The high operating cost due to complex supply chain will be a major challenge for the glass recycling market during the forecast period. The glass recycling process has a lengthy supply chain with a large number of intermediaries. The supply chain of the glass recycling process is complex. This, in turn, increases the operating cost of glass recycling vendors. The glass recycling vendors can have their own collection team, or they can get their feedstock from separate suppliers. The average cost of collecting municipal solid waste and consumer and industrial waste is $105-$130 per ton. The range can increase or decrease based on the population and geographical size of the country. In case, if the glass recyclers purchase the feedstock from separate suppliers, then the average cost of each ton of glass recyclables will be $45-$57. However, the average cost of end-products such as glass cullet is $45-$58 per ton. Therefore, the glass recycling vendors that recycle large volumes of glass recyclables can only attain economies of scale production at the early stages of their business cycle when compared with small volume glass recycling vendors.

This glass recycling market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global glass recycling market as a part of the global environmental and facilities services market within the global industrials market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the glass recycling market during the forecast period.

Who are the Major Glass Recycling Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Biffa Plc
• Bottleman Recycling Services Ltd.
• Bywaters
• Dlubak Glass Co.
• Gaskell Waste Services Ltd.
• Glass Recycling (UK) Ltd.
• Glassco Recycling Ltd.
• Momentum Recycling LLC
• Prism Glass Recycling LLC
• Ripple Glass LLC
• Rubicon Technologies LLC
• Stericycle Inc.
• Strategic Materials Inc.
• SWARCO AG
• TerraCycle Inc.
• Vetropack Holding Ltd.
• Vitro Minerals Inc.
• Wiegand Glas Holding GmbH
• FCC Environment (UK) Ltd.

 

This statistical study of the glass recycling market encompasses successful business strategies deployed by the key vendors. The glass recycling market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Biffa Plc ? Biffa Plc is a public company headquartered in the UK. It is a global company generating $1,348.65 million in revenues and has around 9,000 employees. Its revenue from the global glass recycling market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company.

• Biffa Plc ? The company offers glass recycling service that allows the waste glass to be converted into a new single color glass or recycled as aggregate.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The glass recycling market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Glass Recycling Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the glass recycling market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Glass Recycling Market?

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35% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for glass recycling in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The retail industry is one of the key end-users of glass products, which is positively influencing the demand for glass recycling in APAC. Retail sales are expected to increase in the future, especially in India and Japan, due to increased government support for foreign direct investment (FDI) in retail business in these countries. This will facilitate the glass recycling market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 adversely affected various industries such as glass recycling. This is affecting the growth of the regional glass recycling market. The COVID-19 pandemic in China has subsided significantly, but stakeholders are rethinking their reliance on China for goods and services. However, with the initiation of large-scale vaccination drives, the number of COVID-19 cases reduced in the region. This has led to the lifting of lockdowns and the resumption of industrial activities. Hence, the regional glass recycling market is expected to witness growth during the forecast period.

What are the Revenue-generating Product Segments in the Glass Recycling Market?

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The glass recycling market share growth by the container glass segment will be significant during the forecast period. The container glass includes glass containers and bottles used by the food and beverage, pharmaceutical, and cosmetic industries. The segment also comprises glass tableware products such as dishes and tumblers. The demand for container glass recycling is high from the food and beverage industry as container glass is one of the key packaging products in this industry.

This report provides an accurate prediction of the contribution of all the segments to the growth of the glass recycling market size and actionable market insights on post COVID-19 impact on each segment.

 

Glass Recycling Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.47%
Market growth 2022-2026	$ 1.08 billion
Market structure	Fragmented
YoY growth (%)	4.9
Regional analysis	Europe, APAC, North America, Middle East and Africa, and South America
Performing market contribution	APAC at 35%
Key consumer countries	US, Canada, China, India, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Biffa Plc, Bottleman Recycling Services Ltd., Bywaters, Dlubak Glass Co., Gaskell Waste Services Ltd., Glass Recycling (UK) Ltd., Glassco Recycling Ltd., Momentum Recycling LLC, Prism Glass Recycling LLC, Ripple Glass LLC, Rubicon Technologies LLC, Stericycle Inc., Strategic Materials Inc., SWARCO AG, TerraCycle Inc., Vetropack Holding Ltd., Vitro Minerals Inc., Wiegand Glas Holding GmbH, and FCC Environment (UK) Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Glass Recycling Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive glass recycling market growth during the next five years
• Precise estimation of the glass recycling market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the glass recycling industry across Europe, APAC, North America, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of glass recycling market vendors

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