Global Recycled Glass Market (2020 to 2028) - Developments in Recycling for Glass Presents Lucrative Opportunities - ResearchAndMarkets.com

The "Global Recycled Glass Market 2020-2028" report has been added to ResearchAndMarkets.com's offering.

According to the publisher, the global recycled glass market is expected to display a positive market trend over the forecast years 2020-2028, exhibiting a CAGR of 6.02% (by revenue) and 6.25% (by volume).

Glass has several advantageous properties, which makes it necessary to recycle the material. Several of its applications facilitate the saving of energy and natural resources. It is, therefore, a sustainable, fully recyclable material offering environmental benefits. There has been a rise in awareness of sustainable development, which is contributing significantly towards the growth of the recycled glass market. Moreover, supportive regulations by the government have fostered the growth of this market. The development of the glass recycling process presents several new opportunities for growth.

However, producing clean, furnace-ready cullet requires a lot of processing, which, at many times, is done inefficiently. Therefore, the inadequacies in the recycling process, as well as the extravagant costs associated with this process, are hampering the market growth.

The global market for recycled glass encompasses the regions of the Asia-Pacific, Latin America, Europe, North America, and the Middle East and Africa.

The European region, which held the largest market share in 2019, is expected to maintain its leading position throughout the forecasting years, thereby dominating the global market in 2028. The region is also estimated to showcase the fastest growth rate over the period 2020-2028. Favorable regulations laid down by the government are primarily driving the market growth. Besides, the concept of glass recycling is being promoted at the professional, institutional, and public levels, which is fuelling further growth. Also, France is the leading country in the global recycled glass market. Officials in the country have been implementing strategies to reduce and recycle waste. France has also taken efforts to initiate a few recycling technologies.

Companies Mentioned

• Coloured Aggregates Inc

• Gallo Glass Company

• Glass Recycled Surfaces

• Harsco Corporation

• Momentum Recycling LLC

• Reiling Glass Recycling GmbH & Co Kg

• Strategic Materials

• Vetropack

• Verallia

• O-I Glass Inc

• Pace Glass

• Ngwenya Glass

  
  

Market Restraints

• Inadequacy in Recycling Activities

Market Opportunities

• Developments in Recycling for Glass

Market Challenges

• Extravagant Costs Levied on Recycling Process

Global Recycled Glass Market Outlook - by Product

• Cullet

• Crushed Glass

• Glass Powder

Global Recycled Glass Market Outlook - by Application

• Bottles & Containers

• Flat Glass

• Fiberglass

• Highway Beads

• Others

5. Global Recycled Glass Market - Regional Outlook

• North America

• Europe

• Asia-Pacific

• Latin America

• Middle East and Africa