Press release
Europe Recycled Glass Market Statistics, Trends, Size, Share, Regional Analysis by Key Players
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.Europe Recycled Glass Market 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.
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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. Europe Recycled Glass Market 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.
Europe Recycled Glass Market 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
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The List of Companies
Ardagh Group S.A.
G.R.L. Glasrecycling
O-I Glass, Inc.
Vetropack
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.
Segments Covered
By Product Type
Glass Cullet
Glass Fines
Glass Powder
By Application
Bottle and Container
Flat Glass
Fiber Glass
Highway Beads
Fillers
The growing adoption of fiberglass insulation across various industries is a key driver behind the expansion of the recycled glass market in Europe. Fiberglass insulation, which contains approximately 70% recycled glass, supports a closed-loop system while helping to reduce waste, pollution, and carbon emissions. Using recycled glass in fiberglass insulation reduces the need for natural resources such as sand, limestone, and soda ash, which would otherwise require extraction from the environment.
Several companies are contributing to the growth and development of the Europe recycled glass market. These companies focus on innovative technologies, sustainability, and expanding their product offerings to meet the growing demand for recycled glass. Some of the leading players in the market include:
Ardagh Group S.A.: A global leader in glass packaging solutions, Ardagh Group is committed to using recycled glass in its products and manufacturing processes. The company is known for its sustainable practices and innovative approach to recycling.
R.L. Glasrecycling: Specializing in glass recycling, G.R.L. Glasrecycling plays a crucial role in providing high-quality recycled glass for various applications across Europe.
O-I Glass, Inc.: A major player in the glass manufacturing industry, O-I Glass focuses on the use of recycled glass in its production processes, supporting sustainability goals and reducing environmental impact.
Vetropack: A leading glass packaging manufacturer, Vetropack is committed to sustainability and incorporates recycled glass into its production to reduce the environmental footprint of its products.
These companies are instrumental in driving the growth of the Europe recycled glass market by expanding their recycling capacities, promoting sustainable practices, and developing innovative products that meet the demands of environmentally conscious consumers and industries.
1. Bottles and Containers: The bottles and containers segment led the Europe recycled glass market in 2021. Glass bottles and containers are widely used across industries such as food and beverage, cosmetics, and pharmaceuticals. Glass is a preferred material for packaging due to its inertness, recyclability, and ability to preserve the contents without affecting taste or quality. As the demand for eco-friendly packaging materials continues to grow, the recycling of glass bottles and containers plays a crucial role in reducing the environmental impact of glass production.
Furthermore, the growing consumer preference for sustainable packaging and the introduction of bottle deposit return schemes across Europe have positively impacted the growth of this segment. By increasing the collection of used glass bottles, recycling rates have improved, further driving the demand for recycled glass in this application.
2. Flat Glass: Flat glass is primarily used in the construction industry for windows, mirrors, and facades, as well as in the automotive sector for windshields. The flat glass segment is expected to see significant growth in the coming years, driven by the increasing demand for energy-efficient buildings, which require high-performance glass for insulation purposes. Recycled glass is a crucial component in the production of flat glass, as it helps reduce energy consumption and manufacturing costs. Moreover, the rising focus on green building standards and regulations is encouraging the use of recycled materials, including recycled glass, in construction.
Conclusion
The Europe recycled glass market is poised for significant growth, driven by increasing demand for sustainable materials, government regulations, and a shift towards a circular economy. The market's segmentation into product types, applications, and countries highlights the diverse opportunities and challenges within the industry. Key players in the market are continuing to innovate and expand their offerings, supporting the transition towards a more sustainable future in Europe. As recycled glass plays a critical role in reducing environmental impact, the demand for this material is expected to continue to rise across various industries in the coming years.
You can see this-
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Europe EV Charging Infrastructure Market- https://www.openpr.com/news/3911041/europe-ev-charging-infrastructure-market-analysis-segments
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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications
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