Europe Recycled Glass Market Forecast to 2028

Europe Recycled Glass Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Glass Cullet, Glass Fines, and Glass Powder) and Application (Bottle and Container, Flat Glass, Fiber Glass, Highway Beads, Fillers, and Others)

Report Code : BMIRE00025563 | Region : Europe | Industry : Chemicals and Materials | Published Date : 10/Aug/2022

The recycled glass market in Europe is expected to grow from US$ 1,589.64 million in 2021 to US$ 2,124.20 million by 2028; it is estimated to grow at a CAGR of 5.0% from 2021 to 2028.

The increasing number of industries adopting fiberglass insulation is the major factor driving the growth of the Europe recycled glass market. Recycling glass, which constitutes 70% of fiberglass insulation, contributes to a closed loop system, alongside reducing waste, pollution, and carbon emissions. The manufacturing of fiberglass insulation using recycled glass requires lesser natural resources, such as sand, limestone, and soda ash, which need to be extracted from the environment. As fiberglass insulation is one of the most cost-effective materials, it is frequently utilized in the roofs of homes and businesses. It may be erected quickly if the ceiling is open. It is also fire- and insect-resistant. It has a range of uses and may be put in both homes and offices. The sound insulating properties of the glass wool are exceptional, and it also controls heat transfer. Glass wool for sound insulation comes in a variety of shapes and sizes. Simple to install and maintain, it is also suitable for use in aircraft and swimming pools. Glass wool has a higher strength-to-weight ratio and is more long-lasting. It is resistant to mold and mildew, and capable of surviving natural changes.

Vendors in the North America recycled glass market can attract new customers and expand their footprints in emerging markets by offering products with new features, based on innovative technologies. This factor is likely to drive the market growth at a notable CAGR during the forecast period.

Europe Recycled Glass Market Revenue and Forecast to 2028 (US$ Million)

Europe Recycled Glass Market Segmentation

The North America recycled glass market is segmented on the basis of product type, application, and country. Based on product type, the market is segmented into glass cullet, glass fines, and glass powder. The glass cullet segment held the largest market share of the market in 2021. Based on application, the North America recycled glass market is segmented into bottle and container, flat glass, fiber glass, highway beads, fillers, and others. The bottles and container segment led the market in 2021. Based on country, the Europe recycled glass market is segmented into US, Canada, and Mexico. US held the largest market share in 2021.

Ardagh Group S.A.; G.R.L. Glasrecycling; O-I Glass, Inc.; and Vetropack are among the leading companies in the Europe recycled glass market.

At 5.0% CAGR, the Europe Recycled Glass Market is speculated to be worth US$ 2,124.20 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the Europe recycled glass market was valued at US$ 1,589.64 million in 2021 and is expected to reach US$ 2,124.20 million by 2028, registering an annual growth rate of 5.0% from 2021 to 2028. Rising demand from bottles and containers sector rising acceptance of fiberglass insulation in many end-use industries are the critical drivers attributed to the market expansion.

Recycled glass is widely used in the food and beverage industry for the packaging of beverages and food products, which is boosting the demand from the bottles and containers industry. Technological advancement in the manufacturing of recycled glass bottles and containers is intended to improve customization and sustainability. Increasing demand for reusable sources as an alternative to plastics, which are environmentally friendly, is encouraging manufacturers to use recycled glass bottles and containers to pack their food products and juices.

The recycled glass bottles and containers are considered significantly safer as there is no risk of chemical mixing into the end product, with a minimum risk of contamination and no risk to the consumer’s health. Moreover, the taste of the food or beverage is preserved in glass bottles and containers. People are drawn to a healthier lifestyle as a result of the pandemic. Aside from healthy living, they are consciously making sustainable choices, particularly in their daily purchases, which is fueling demand for recycled glass in the bottles and containers sector.

Furthermore, the growing pharmaceutical industry has created lucrative opportunities for glass bottles and storage containers. Because of the ongoing pandemic, there will be an increase in demand for generic medicines such as basic capsules and syrups, which will create lucrative sales opportunities. Given this, the growing trend toward health care, wellness, and the pharmaceutical industry is expected to stimulate demand for recycled glass. Because of the recyclable and reusable properties of glass bottles, the future of recycled glass bottles and containers offers lucrative opportunities. Furthermore, manufacturers and marketers can use sustainable packaging alternatives to toxic non-biodegradable materials like plastics. All of these factors contribute to the increased demand for recycled glass in the bottle and container manufacturing industries.

On the contrary, huge investment in recycling process hurdles the growth of Europe recycled glass market.

Based on product type, the recycled glass market is segmented into glass cullet, glass fines, and glass powder. The glass powder segment held 43.5% market share in 2021, amassing US$ 692.20 million. It is projected to garner US$ 890.05 million by 2028 to expand at 4.3% CAGR during 2021–2028.

By Application, the Europe recycled glass market is fragmented into bottle and container, flat glass, fiber glass, highway beads, fillers, and others. With 52.2% share of the domain, the bottle and container segment dominated the market in 2021. It accrued US$ 829.51 million in 2021 and is estimated to generate US$ 1,15.92 million by 2028 to grow at a CAGR of 5.1% over the forecast period.

Our regional analysis states that the Rest of Europe captured 41.6% market share in 2021. It was assessed at US$ 660.51 million in 2021 and is likely to hit US$ 866.96 million by 2028, exhibiting a CAGR of 4.6% during the forecast period.

Key players dominating the Europe recycled glass market are Ardagh Group S.A.; G.R.L. Glasrecycling; O-I Glass, Inc.; and Vetropack.

TABLE OF CONTENTS

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

1.2.1 Europe Recycled Glass Market, By Product Type

1.2.2 Europe Recycled Glass Market, By Product Type

1.2.3 Europe Recycled Glass Market, by Country

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.1.1 Recycled Glass Market, By Product Type and Application

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis formulation:

3.2.4 Macro-economic factor analysis:

3.2.5 Developing base number:

3.2.6 Data Triangulation:

3.2.7 Country level data:

4. Europe Recycled Glass Market Landscape

4.1 Market Overview

4.2 Porter?s Five Forces Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of New Entrants

4.2.4 Competitive Rivalry

4.2.5 Threat of Substitutes

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Europe Recycled Glass Market ? Key Market Dynamics

5.1 Market Drivers

5.1.1 High Demand from Bottles and Containers Sector

5.1.2 Various End-Use Industries Adopting Fiberglass Insulation

5.2 Market Restraints

5.2.1 Recycling Process Requiring Huge Investment

5.3 Market Opportunities

5.3.1 Various Steps Taken by Government for Using Recycled Glass

5.4 Future Trends

5.4.1 Focus On Sustainable Development and Waste Management

5.5 Impact Analysis

6. Europe Recycled Glass Market ? Europe Analysis

6.1 Europe Recycled Glass Market Overview

6.2 Europe Recycled Glass Market ?Revenue and Forecast to 2028 (US$ Mn)

7. Europe Recycled Glass Market Analysis ? By Product Type

7.1 Overview

7.2 Europe Recycled Glass Market, By Product Type (2021 and 2028)

7.3 Glass Cullet

7.3.1 Overview

7.3.2 Glass Cullet: Recycled Glass Market ? Revenue and Forecast to 2028 (US$ Mn)

7.4 Glass Fines

7.4.1 Overview

7.4.2 Glass Fines: Recycled Glass Market ? Revenue and Forecast to 2028 (US$ Mn)

7.5 Glass Powder

7.5.1 Overview

7.5.2 Glass Powder: Recycled Glass Market ? Revenue and Forecast to 2028 (US$ Mn)

8. Europe Recycled Glass Market Analysis ? By Application

8.1 Overview

8.2 Europe Recycled Glass Market, By Application (2021 and 2028)

8.3 Bottles and Container

8.3.1 Overview

8.3.2 Bottles and Container: Recycled Glass Market ? Revenue and Forecast to 2028 (US$ Mn)

8.4 Fiber Glass

8.4.1 Overview

8.4.2 Fiber Glass: Recycled Glass Market ? Revenue and Forecast to 2028 (US$ Mn)

8.5 Flat Glass

8.5.1 Overview

8.5.2 Flat Glass: Recycled Glass Market ? Revenue and Forecast to 2028 (US$ Mn)

8.6 Highway Beads

8.6.1 Overview

8.6.2 Highway Beads: Recycled Glass Market ? Revenue and Forecast to 2028 (US$ Mn)

8.7 Fillers and Others

8.7.1 Overview

8.7.2 Fillers and Others: Recycled Glass Market ? Revenue and Forecast to 2028 (US$ Mn)

9. Europe Recycled Glass Market ? Country Analysis

9.1 Overview

9.1.1 Europe: Recycled Glass Market, by Key Country

9.1.1.1 Germany: Recycled Glass Market ? Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1 Germany: Recycled Glass Market, by Product Type

9.1.1.1.2 Germany: Recycled Glass Market, by Application

9.1.1.2 France: Recycled Glass Market ? Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1 France: Recycled Glass Market, by Product Type

9.1.1.2.2 France: Recycled Glass Market, by Application

9.1.1.3 Italy: Recycled Glass Market ? Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1 Italy: Recycled Glass Market, by Product Type

9.1.1.3.2 Italy: Recycled Glass Market, by Application

9.1.1.4 UK: Recycled Glass Market ? Revenue and Forecast to 2028 (US$ Million)

9.1.1.4.1 UK: Recycled Glass Market, by Product Type

9.1.1.4.2 UK: Recycled Glass Market, by Application

9.1.1.5 Russia: Recycled Glass Market ? Revenue and Forecast to 2028 (US$ Million)

9.1.1.5.1 Russia: Recycled Glass Market, by Product Type

9.1.1.5.2 Russia: Recycled Glass Market, by Application

9.1.1.6 Rest of Europe: Recycled Glass Market ? Revenue and Forecast to 2028 (US$ Million)

9.1.1.6.1 Rest of Europe: Recycled Glass Market, by Product Type

9.1.1.6.2 Rest of Europe: Recycled Glass Market, by Application

10. Industry Landscape

10.1 Overview

10.1.1 Market Initiative

10.2 New Product Development

10.3 Merger and Acquisition

11. COMPANY PROFILES

11.1 Vetropack

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 O-I Glass Inc.

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 G.R.L. Glasrecycling

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 Ardagh Group S.A.

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Glossary of Terms

LIST OF TABLES.

Table 1. Europe Recycled Glass Market -Revenue and Forecast to 2028 (US$ Mn)

Table 3. Germany Recycled Glass Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)

Table 4. Germany Recycled Glass Market, by Product Type - Volume and Forecast to 2028 (Tons)

Table 5. Germany Recycled Glass Market, by Application - Revenue and Forecast to 2028 (US$ Million)

Table 6. France Recycled Glass Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)

Table 7. France Recycled Glass Market, by Product Type - Volume and Forecast to 2028 (Tons)

Table 8. France Recycled Glass Market, by Application - Revenue and Forecast to 2028 (US$ Million)

Table 9. Italy Recycled Glass Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)

Table 10. Italy Recycled Glass Market, by Product Type - Volume and Forecast to 2028 (Tons)

Table 11. Italy Recycled Glass Market, by Application - Revenue and Forecast to 2028 (US$ Million)

Table 12. UK Recycled Glass Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)

Table 13. UK Recycled Glass Market, by Product Type - Volume and Forecast to 2028 (Tons)

Table 14. UK Recycled Glass Market, by Application - Revenue and Forecast to 2028 (US$ Million)

Table 15. Russia Recycled Glass Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)

Table 16. Russia Recycled Glass Market, by Product Type - Volume and Forecast to 2028 (Tons)

Table 17. Russia Recycled Glass Market, by Application - Revenue and Forecast to 2028 (US$ Million)

Table 18. Rest of Europe Recycled Glass Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)

Table 19. Rest of Europe Recycled Glass Market, by Product Type - Volume and Forecast to 2028 (Tons)

Table 20. Rest of Europe Recycled Glass Market, by Application - Revenue and Forecast to 2028 (US$ Million)

Table 21. Glossary of Terms, Europe Recycled Glass Market

LIST OF FIGURES.

Figure 1. Europe Recycled Glass Market Segmentation

Figure 2. Europe Recycled Glass Market Segmentation - By Country

Figure 3. Europe Recycled Glass Market Overview

Figure 4. Europe Recycled Glass Market, By Product Type

Figure 5. Europe Recycled Glass Market, by Country

Figure 6. Porter\'s Five Forces Analysis

Figure 7. Europe Recycled Glass Market - Ecosystem

Figure 8. Expert Opinion

Figure 9. Europe Recycled Glass Market Impact Analysis of Drivers and Restraints

Figure 10. Europe Recycled Glass Market - Revenue and Forecast to 2028 (US$ Mn)

Figure 11. Europe Recycled Glass Market Revenue Share, By Product Type (2021 and 2028)

Figure 12. Europe Glass Cullet: Recycled Glass Market - Revenue and Forecast To 2028 (US$ Mn)

Figure 13. Europe Glass Fines: Recycled Glass Market - Revenue and Forecast To 2028 (US$ Mn)

Figure 14. Europe Glass Powder: Recycled Glass Market - Revenue and Forecast To 2028 (US$ Mn)

Figure 15. Europe Recycled Glass Market Revenue Share, By Application (2021 and 2028)

Figure 16. Europe Bottles and Container: Recycled Glass Market - Revenue and Forecast To 2028 (US$ Mn)

Figure 17. Europe Fiber Glass: Recycled Glass Market - Revenue and Forecast To 2028 (US$ Mn)

Figure 18. Europe Flat Glass: Recycled Glass Market - Revenue and Forecast To 2028 (US$ Mn)

Figure 19. Europe Highway Beads: Recycled Glass Market - Revenue and Forecast To 2028 (US$ Mn)

Figure 20. Europe Fillers and Others: Recycled Glass Market - Revenue and Forecast To 2028 (US$ Mn)

Figure 21. Europe: Recycled Glass Market, by Key Country - Revenue (2021) (US$ Million)

Figure 22. Europe: Recycled Glass Market Revenue Share, by Key Country (2021 and 2028)

Figure 23. Germany: Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)

Figure 24. Germany: Recycled Glass Market - Volume and Forecast to 2028 (Tons)

Figure 25. France: Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)

Figure 26. France: Recycled Glass Market - Volume and Forecast to 2028 (Volume)

Figure 27. Italy: Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)

Figure 28. Italy: Recycled Glass Market - Volume and Forecast to 2028 (Tons)

Figure 29. UK: Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)

Figure 30. UK: Recycled Glass Market - Volume and Forecast to 2028 (Tons)

Figure 31. Russia: Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)

Figure 32. Russia: Recycled Glass Market - Volume and Forecast to 2028 (Tons)

Figure 33. Rest of Europe: Recycled Glass Market - Revenue and Forecast to 2028 (US$ Million)

Figure 34. Rest of Europe: Recycled Glass Market - Volume and Forecast to 2028 (Tons)

The List of Companies - Europe Recycled Glass Market

● Ardagh Group S.A.

● G.R.L. Glasrecycling

● O-I Glass, Inc.

● Vetropack

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe recycled glass market

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the Europe recycled glass market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the recycled glass market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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