The high recyclability of glass is a key underpinning for the evolution of the recycled glass market worldwide. Glass can be recycled endlessly and without compromising on their quality—the due pinning the compelling propositions for bottle-to-bottle glass recycling. Recent developments in recycled glass market highlight recycling programs in key regions particular in European countries have extensively benefitted from the easy availability of cullet. The versatile use of glass, coupled with massive recyclability of the material, has spurred the utilization of recycled glass in several applications including bottles & containers.

A TMR study has made granular assessment of the current and emerging avenues for investments in the recycled glass market. The recycled glass market projections forecast the global valuation to surpass US$ 4.6 Bn mark by the end of the forecast period of 2019 – 2027.

Environmental Benefits of Producing Glass From Recycled Glass Reinforce Prospects

Consumers and industry players are equally enthusiastic about the sustainability aspect of glass. The vast environmental benefits have engendered efforts to improve the recycling rate of glass, thus expanding the revenue potential of the recycled glass market. With millions of metric tonnes of glass disposed every year, the opportunity is tremendous.

Rise in Bottle-To-Bottle Recycling involving Glass Cullet Presents Vast Avenue

Despite the incredible revenue potential the recycled glass market has shown over the years, the rate of recycling is relatively low. One factor that play a crucial role here is the lack of availability of quality of cullet. Cullet is indispensable for increasing the economic gains for firms engaged in the production of new glass bottles and jars.

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Cullet held a major share of volume in the recycled glass market in 2018. The segment is likely to expand at a CAGR of 5.5% during the forecast period. Glass fines are another lucrative segment for companies in the recycled glass market, underpinned by wide range of applications in construction industry, such as in making asphalt, construction aggregates, sand/abrasive grit blasting, and sports turf/drainage.

Focus on Boost Glass Recycling Rate to Impart Fillip to Recycled Glass Market Growth

The economics of making glass products from recycled glass is a key factor that has hindered the recycling rate. Creating awareness of the glass-recycling shortfall in developed and developed economies play a pivotal role here. Industry stakeholders in the recycled glass market are fervently leveraging innovative technologies such as software tracking to enrich the strategies on boosting the recycling rates.

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Tracking software is likely to remove bottlenecks to glass recycling. Software such as Blockchain Waste Traceability Software (BWTS) are proving to be helpful in enriching the value chain from customers, manufacturers, to waste collection companies and recyclers. Beverage retailers for example are benefitting from the application of such tracking products in the recycled glass market. Another key development crucial to boost recycling rate is advancement in sorting methods for broken glass especially for household collection.

Opportunities in North America and the Asia Pacific to Expand at Lucrative Pace

Europe has emerged as remarkably lucrative region in the global recycled glass market. The TMR study found that the Europe market is expected to hold a leading share during the forecast period. High rate of recycling of glass and presence of robust infrastructure for sorting to-recycling have cemented the revenue prospects. The demand is spurred by rise in bottle-to bottle recycling from the food industry.

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Opportunities in the North America and Asia Pacific recycled glass markets are expected to rise at a considerable growth rate. This is mainly due to growing focus of stakeholders on improving the recycling rate. Untapped avenues in Asia Pacific are expected to generate substantial revenue streams. China is anticipated to witness sizable revenue prospects in the Asia Pacific recycled glass market.

Recycled Glass Market Segmentation

Product

• Glass Cullet
• Glass Fines

Application

• Bottles & Containers
• Fiberglass Insulation
• Abrasives
• Filtration
• Others (including Concrete, Asphalt, and Filler Applications)

Region

• North America
• Europe
• Asia Pacific
• Rest of World

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