Recycled Glass Industry Procurement Intelligence, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027

 

Procurement Outlook

Growing awareness about the environment and the need of reducing glass waste in driven the need for glass recycling. Glass is 100% recyclable and can be recycled endlessly without loss in quality or purity. Recycled glass can be substituted for up to 95% of raw materials. Recycled glass reduces carbon emissions, reduces the consumption of raw materials of glass manufacturing, extends the life of plant equipment, such as furnaces, and saves energy. 


Following is the process of industrial glass recycling:

  • Collection of recyclable glass

  • Transportation of recyclable to a material recovery facility (MRF)

  • Collected glass waste is separated by material type

  • Glass from the MRF and drop-off locations is sent to a glass processing company

  • Glass is separated from other waste and contaminants

  • Sorting of glass based on color

  • Glass cullet is sold to glass container manufacturers

  • Glass container manufacturers then use that glass cullet to make new glass containers


Demand Outlook

 The global recycled glass market was valued at ~USD 4 billion in 2020 and it is expected to grow at a CAGR of 6% from 2020 to 2027 due to the rising demand for an effective and sustainable waste management system. Many governments are promoting the usage of recycled glass for environmental benefits such as, recycling one ton of glass saves 670 kg of C02. Europe is leading the global recycled glass market with more than 30% share. In Europe, 70% of glass bottles are collected for recycling. Countries like Belgium, Sweden, and Switzerland have over 90% recycling rates. In terms of product, the glass cullet segment is the largest segment. It accounted for more than 50% of the overall recycled glass market. More than 95% of glass cullet collected, turn into glasses. The container and fiberglass industries collectively purchase more than 3 million tons of recycled glass annually, which is used in the production of new containers and fiberglass products 
 


Cost Drivers

Determining the cost of glass recycling is very complicated because, in some countries, waste glass collection is sponsored by glass manufacturers. Whereas, in some cases, the collection is sponsored by local municipal authorities. Predominantly, a glass collecting company or agency does the initial sorting and cleaning of collected waste glass. This process is the major cost driver of glass recycling. It accounted for more than 20% of the glass recycling cost. After cleaning, collection agencies sell the glass to glass container manufacturers. When the glass cullet reaches glass container manufacturers, the cost of glass recycling is determined by the raw material costs. Major raw materials include sand, limestone, soda ash, and cullet. The cost of raw material during glass manufacturing from recycled cullet accounted for more than 50% of the overall cost of production


Read report summary  https://www.grandviewresearch.com/pipeline/recycled-glass-industry-procurement-intelligence-report


 

Add-on Services

 

  • Should Cost Analysis

Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process

 

  • Rate Benchmarking

Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier

 

  • Salary Benchmarking

Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.

 

  • Supplier Newsletter

A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.

 


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A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.

 



Our services include (not limited to):

 

  • Market Intelligence involving - market size and forecast, growth factors, and driving trends
  • Price and Cost Intelligence - pricing models adopted for the category, the total cost of ownership
  • Supplier Intelligence - rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
  • Sourcing / Procurement Intelligence - best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption



Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.

 


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