The Asia-Pacific recycled glass market is set to project a CAGR of 4.64% in terms of revenue and 3.74% in terms of volume during the forecast period, 2022-2030, and register a revenue of $1315.73 million by 2030.

There is a growing demand for glass containers due to various advantages like reusable filling, recycling, and unlimited reuse, which have expanded its application in several industries. This is one of the key growth drivers of the recycled glass market growth in the region. Additionally, glass bottles and containers are primarily used in the alcoholic and non-alcoholic beverage industries, given their ability to sustain chemical inertness, non-permeability, and sterility. Besides, the rising reusability of containers and bottles trend, also termed as ‘recommerce,’ has facilitated the packaging companies to supply products in glass bottles and containers.

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The Asia-Pacific recycled glass market growth evaluation includes the analysis of Vietnam, Thailand, Australia & New Zealand, Indonesia, South Korea, India, Japan, China, and Rest of Asia-Pacific. In China, the glass industry projected steady growth in 2020. The total annual output of flat glass climbed by 1.3%. At the same time, the country’s glass bottle recycling lacks corresponding regulations and laws to supplement enforcement. However, the recovery rate of glass packaging containers is low. The factors attributed are the inappropriately located recycling outlets, their small size, irregular operation, and improper machinery.

In South Korea, the average recycling rate of municipal waste was 41.2%. As per the United Nations, the country’s export of glassware and glass was around $1.987 million in 2020. Also, almost 56.3% of glass waste in the country was recycled in 2019. Additionally, glass bottles are frequently reused in South Korea. There are two glass bottle types, EPR (Extended Producer Responsibility) bottles and those returned to the store for a deposit refund. Such monetary incentives encourage glass recycling among consumers. For instance, in 2015, SuperBin, a Korean startup, developed ‘Nephron,’ a reverse vending machine that enables the recycling of glass and plastic bottles & cans.

The Asia-Pacific recycled glass market scope includes the analysis of product and application. The application segment includes highway beads, fiber glass, bottles & containers, flat glass, and other applications.

Recycled glass is an important application of the recycling market, encompassing dishware to building insulation. Recycled glass has multiple forms. Glass ground into sand-like wrecks, known as cullet, is ideal for manufacturing fiber glass. There is a growing demand for fiber glass in insulation, bathtubs, computers, televisions, boats, and automobiles. Further, recycled glass is the most cost-effective form of glass for fiber glass production. Moreover, recycled glass is the optimal and most cost-effective option for fiber glass manufacturers.

Glass cullet is obtained from crushing waste glass collected in industrial and municipal waste streams. It is majorly used in new glass container manufacturing. However, only clear glass cullet can be used since the use of colored glass can incur costs during color sorting. The use of crushed glass is an alternative in the construction of civil infrastructure. The beads are sold for use in reflective paints for highway striping once the cullet is melted into rounded glass pellets. Additionally, it is used in cleaning metals and peening.

Some of the leading companies in the Asia-Pacific recycled glass market include Pace Glass, O-I Glass Inc, Ngwenya Glass, Reiling Group, etc.

O-I Glass Inc manufactures and sells glass containers to food & beverage manufacturers in Europe, Asia-Pacific, and the Americas. The company manufactures glass containers for alcoholic beverages, including wine, spirits, flavored malt beverages, and beer. Also, it is engaged in the production of glass packaging for several food items, pharmaceuticals, juices, tea, and soft drinks. The company has its headquarters in Perrysburg, Ohio.

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