Recycled Glass Market Regional Analysis:
European Market Insights
Europe industry is estimated to hold largest revenue share of 40% by 2035. Moreover, the European recycled glass industry is projected to increase at a CAGR of almost 7% during the projected period.
The increasing production of glass containers from recycled glass will increase the trend of recycled glass market in this region. According to the European Container Glass Federation (FEVE), FEVE members produced 24.5 million tons and 95.3 billion units of container glass in total in 2022. Food and beverage (F&B) containers accounted for 97% of produced tonnes and 89% of produced units, making up the bulk of this output. However, both the F&B and flaconnage categories saw an increase, with 1.1% in tonnage and 1.9% in units.
Recycled glass is especially in actual demand in the U.K., driven by the government-initiated multiple policies to support recycling in this country. According to the government of the U.K. Waste from Households (WfH) recycling in the UK increased from 44.4% in 2020 to 44.6% in 2021, including Incinerator Bottom Ash Metal (IBAm).
In Italy, recycled glass will encounter massive growth because the country expanded the construction industry and the rising use of recycled glasses in the construction industry. With an annual production value of 168 billion euros, Italy's construction industry ranked third in Europe in absolute terms. Furthermore, a few Italian businesses were included among the biggest construction companies worldwide in 2022.
The recycled glass market will also be huge in Germany due to the increasing use of recycled glass in the automotive and transportation industries. In addition, the automobile scrapping process produces shredding remnants made of plastic, rubber, glass, leftover metals, and other items, including contaminants, that must be disposed of. In 2023, Germany produced 436,000 tons of these shredding wastes, with 138,500 tons—or about one-third—coming from auto bodies.
North American Market Insights
The recycled glass sector in the North America region will notice significant growth through 2035. This growth will be noticed mainly due to rising technological advancement in recycling glasses. Repurposed items, plant-based meals, and sustainably produced goods are just a few examples of how consumers are moving toward eco-friendly and morally-driven enterprises. In North America, there are currently about 3,500 Certified B Corporations, which is twice as many as there were three years ago.
The recycled glass market has expanded in the U.S. as a result of the rising government initiatives to ban plastic use in this region. In terms of the future, the U.S. Interior Department has declared that some public lands and national parks would be free of single-use plastic goods by 2032. This new law will apply to over 480 million acres of federal property.
The Canadian recycled glass’ development mainly lies in increasing concern about the environment amongst people. Canada still has a long way to go before achieving its goal of having net-zero greenhouse gas emissions by the year 2050. These are some of Canada's most urgent environmental problems, ranging from deforestation to pollution of the air and water.
