The recycled glass packaging global industry size is likely to generate sales amounting to USD 3.5 billion in 2024. Over the assessment period from 2024 to 2034, the recycled glass packaging market CAGR is projected to rise at 1.30%, culminating in a market size of USD 4.2 billion by the end of 2034.
Greater emphasis on sustainability and circular economy principles are top trends shaping the glass packaging market. Industries, governments, and consumers all across the world understand the need of waste reduction and resource conservation.
Glass recycling contributes to the following aims by eliminating glass waste from landfills, conserving raw materials, and reducing energy use in glass manufacture. Developments in recycling technology and techniques have increased the efficiency and price of glass recycling, making the recycled glass packaging more desirable to businesses and consumers.
As people become more aware of the environmental consequences of single use plastics, there is a shift toward glass packaging, which increases demand for recycled glass. The global movement toward sustainability, combined with technological advancements and changing customer preferences, is boosting the recycled glass packaging industry as a key component of the circular economy.
The implementation of stringent regulations, as well as increased demand for ecologically friendly items, is key industry growth factors for recycled glass packaging. Government policies enacted to reduce waste and harmful emissions have resulted in an increased emphasis on recycling operations, particularly glass.
As the general population becomes more aware of environmental problems and prefers eco friendly products, the need for sustainable packaging made from recycled glass packaging grows presenting emerging opportunities in recycled glass packaging sector.
Businesses understand the financial and environmental benefits of using recycled glass packaging, leading to an increasing adoption of glass recycling techniques.
As a result, the recycled glass packaging industry is growing, fueled by both regulatory duties and consumer demand for renewable and environmentally responsible products, so promoting the circular economy and reducing carbon footprint.
In the recycled glass packaging industry, research and development expenditures are important in fostering innovation, sustainability, and market expansion. With increased environmental concerns and a focus on circular economy concepts, research and development efforts are aimed at improving the quality, efficiency, and sustainability of recycled glass packaging solutions.
Investments in research and development help to develop better methods and techniques for collecting, sorting, and recycling glass trash, increasing the supply of high quality recycled glass cullet for packaging manufacture. The developments assist to overcome obstacles like as contamination, color sorting, and impurity removal, ensuring that recycled glass packaging satisfies high quality requirements and consumer expectations.
Attributes | Description |
---|---|
Estimated Global Recycled Glass Packaging Market Size (2024E) | USD 3.5 billion |
Projected Global Recycled Glass Packaging Market Value (2034F) | USD 4.2 billion |
Value-based CAGR (2024 to 2034) | 1.30% |
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Growing Glass Waste to Drive Recycled Glass Packaging Market
The recycled glass packaging industry has grown as a result of the global problem of glass waste. The amount of glass waste produced by numerous industries, including packaging, construction, and the automotive sector, has grown significantly along with rising urbanization, industrial growth, and consumption.
Significant environmental problems, such waste overflow and ecological degradation, are brought on by this surge. Communities, businesses, and governments are realizing more and more how important recycling is to reducing the environmental issues.
Recycling glass is a sustainable method that keeps waste out of landfills, preserves natural resources, and uses less energy when making glass. Growing environmental consciousness and the implementation of recycling regulations fuel the demand of recycled glass packaging market.
Innovations in Recycling Technology to is likely Propel Market Growth
Technological advancements in recycling are driving the recycled glass packaging market by boosting profitability, sustainability, and efficiency. The quality of recycled material is enhanced by the ability to separate different types of glass, including colored, clear, and mixed glass, via the use of innovative sorting and processing techniques.
High tech purifying processes remove contaminants and impurities to provide recycled glass of superior quality that may be used for many applications. Improvements in glass recycling machinery and apparatus boost productivity while reducing energy usage and operational expenses, increasing the viability of recycling.
Advances in glass to glass recycling processes have enabled closed loop glass recycling, in which recovered glass is used to make new glass items, reducing the need for raw materials and energy intensive glass manufacturing.
High Cost of Collecting and Sorting Glass is likely to Stifle Market Growth
The high expense of collection and sorting presents significant challenges for the recycled glass packaging industry. Glass waste is gathered from a number of sources, including residences, businesses, and public spaces, demanding infrastructure and logistics expenditures.
Sorting entails separating different types and colors of glass to ensure purity and quality, which necessitates specialized equipment and labor. The costs are compounded by the low density of glass, which makes transportation inefficient and expensive stifling the market growth.
Global recycled glass packaging demand increased at a CAGR of 2.00% from 2019 to 2023. For the next ten years (2024 to 2034), projections are that expenditure on Recycled glass packaging will reach a CAGR of 1.30%.
During the historical period, the market grew due to a substantial movement toward sustainable packaging solutions across a wide range of businesses throughout the world. The growing use of recycled glass packaging over this time period demonstrates a shared commitment to environmental and resource conservation.
Recycled glass packaging market forecast anticipates a slowed growth rate. This implies a modest slowdown compared to the historical growth rate, this indicates a continuous but more measured increase in the use of recycled glass packaging.
Economic volatility, shifting customer tastes, and breakthroughs in alternative packaging materials are all key factors driving worldwide market demand for recycled glass packaging.
Research and development projects encourage innovation in package design, allowing for the creation of lightweight, robust, and aesthetically beautiful recycled glass containers that meet a wide range of market demands.
From beverage bottles to food jars and cosmetics packaging, research driven innovations improve the functionality, attractiveness, and environmental performance of recycled glass packaging solutions, accelerating their acceptance across sectors.
The following table shows the estimated growth rates of the top three markets. India and China are set to exhibit high Recycled Glass Packaging market growth, recording CAGRs of 2.3% and 2.1%, respectively, through 2034.
Countries | CAGR 2024 to 2034 |
---|---|
India | 2.3% |
China | 2.1% |
Italy | 1.7% |
United Kingdom | 1.6% |
The United States | 1.9% |
India is projected to ascend at a CAGR of 2.3% during the forecast period. In India, government programs play an important role in pushing the adoption of recycled glass packaging, which is consistent with the commitment to environmental sustainability and waste management.
The Swachh Bharat Mission, which began in 2014, strives to establish a clean and sustainable environment through a variety of initiatives such as trash segregation and recycling.
The Ministry of Environment, Forest, and Climate Change enforced the Plastic Waste Management Rules, 2016, which highlight the decrease of single use plastics and promote the use of ecologically friendly alternatives such as recyclable glass packaging. The restrictions create an atmosphere that encourages firms to invest in sustainable packaging solutions.
Government led campaigns and awareness programs raise public consciousness about the importance of recycling and the benefits of using recycled glass packaging, further propelling the demand for recycled glass packaging.
Italy is predicted to augment at a CAGR of 1.7% during the projected period. The growing awareness of environmental concerns, along with a strong desire to preserve the natural beauty of the country, is driving the growth of the recycled glass packaging market.
The conscious customer base of Italy values recycled glass packaging for eco friendliness and aesthetic appeal. Rigorous rules aimed at minimizing plastic waste and encouraging recycling support the use of recycled glass as a preferred packaging material.
The recycled glass packaging sector in Italy is thriving, with manufacturers and businesses investing in new ways to fulfill the changing needs of environmentally concerned consumers.
The United States is expected to augment at a CAGR of 1.9% during the projected period. In the United States, shift in customer preferences for safer and healthier packaging solutions has fueled the expansion of the recycled glass packaging market.
With growing concern about the environmental effect of traditional packaging materials and chemical leaching, customers are actively seeking alternatives that promote safety, sustainability, and health.
The transparency and recyclability of glass appeal to ecologically aware consumers, who prefer items, packed in materials that can be reused or recycled. This has resulted in an increase in demand for recycled glass packaging in a variety of industries, including food and beverage, cosmetics, and medicines.
As consumers continue to emphasize safety and sustainability in their purchase decisions, the recycled glass packaging industry in the United States is likely to be driven by a shared commitment to a healthier world and future.
Segment | Bottles (Type) |
---|---|
Value Share (2024) | 29% |
The bottles category is expected to lead the Recycled Glass Packaging market by 2024, accounting for 29%. This growth is a reflection of the importance of bottles in promoting the use of recycled glass as a preferred packaging alternative. The continued popularity of glass bottles in industries such as drinks, cosmetics, and medicines is a key reason driving this trend.
Consumers are increasingly drawn to glass bottles because of the inherent sustainability, durability, and aesthetic appeal. Increased environmental awareness and legislative actions pushing for reduced plastic consumption drive demand for eco friendly alternatives, reinforcing the importance of recycled glass bottles.
As companies and consumers emphasize sustainable practices, the bottles category is anticipated to drive the market growth during the forecast period.
Segment | Beverages (End Use) |
---|---|
Value Share (2024) | 29% |
In 2024, the beverages sector is predicted to lead the recycled glass packaging market, with a market share of 29%. This growth is due to the important role that beverages play in influencing demand for sustainable packaging solutions.
Dominance of the beverage industry may be due to increased consumer awareness of environmental sustainability, tough rules supporting eco friendly packaging, and a rising desire for luxury goods packed in recycled materials.
The intrinsic features of glass, such as capacity to keep the flavor and quality of beverages while being eternally recyclable, contribute to the popularity among both manufacturers and customers. As the beverage industry continues to lead the way toward sustainability, demand for recycled glass packaging is likely to skyrocket over the next decade.
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The competitive landscape of the recycled glass packaging market is extremely fragmented with key players and new entrants battling to strengthen their position in the market. The key players are making considerable investments in research and development to offer more sustainable options available for the customers.
Integration of latest technological innovations are also motivating the key players to provide smart and efficient recycled glass packaging solutions further driving the market growth.
Recent Developments
Verallia, Ardagh Group S.A, Owens-Illinois Inc., Vetropack Group, AGI Glasspack Ltd, Vitro SAB, Bormioli Rocco, Stoelzle Glass Group, Gerresheimer AG and Orora Packaging Ltd., are some of the key players in this market.
The recycled glass packaging market is classified into bottles, jars, containers, vials & ampoules and syringes.
The recycled glass packaging market is classified into Type 1 (Borosilicate Glass), Type 2 (Treated Soda Lime Glass), Type 3 (Regular Soda Lime Glass) and Type 4 (General Purpose Soda Lime Glass).
The recycled glass packaging market is classified into beverages, food, pharmaceuticals, personal care & cosmetics, chemicals and other industrial.
Analysis of the Recycled Glass Packaging market has been carried out in key countries of North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe and Middle East & Africa.
The global recycled glass packaging market is estimated at a value of USD 3.5 billion in 2024.
Revenue of recycled glass packaging market increased at 2% CAGR between 2019 and 2023.
Verallia, Ardagh Group S.A, Owens-Illinois Inc., Vetropack Group, and Orora Packaging Ltd., are some of the key players in this market.
India is projected to ascend at a CAGR of 2.3% throughout 2034.
The bottles segment is projected to hold a market share of 29% in 2024.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type 7.1. Bottles 7.2. Jars 7.3. Containers 7.4. Vials & Ampoules 7.5. Syringes 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material 8.1. Type 1 (Borosilicate Glass) 8.2. Type 2 (Treated Soda Lime Glass) 8.3. Type 3 (Regular Soda Lime Glass) 8.4. Type 4 (General Purpose Soda Lime Glass) 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use 9.1. Beverages 9.2. Food 9.3. Pharmaceuticals 9.4. Personal Care & Cosmetics 9.5. Chemicals 9.6. Other Industrial 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. South Asia 10.5. East Asia 10.6. Eastern Europe 10.7. Middle East & Africa 11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 18. Sales Forecast 2024 to 2034 by Type, Material, and End Use for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Verallia 20.2. Ardagh Group S.A 20.3. Owens-Illinois Inc. 20.4. Vetropack Group 20.5. AGI Glasspack Ltd 20.6. Vitro SAB 20.7. Bormioli Rocco 20.8. Stoelzle Glass Group 20.9. Gerresheimer AG 20.10. Orora Packaging Ltd.
Packaging
November 2023
REP-GB-18415
281 pages
Packaging
October 2023
REP-GB-18059
180 pages
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