According to HTF Market Intelligence, the Global Recycled Glass Market market to witness a CAGR of 5.59% during forecast period of 2023-2028. Recycled Glass Comprehensive Study by Type (Cullet, Crushed Glass, Glass Powder), Application (Glass Bottle and Containers, Flat Glass, Fiber Glass, Highway Beads, Abrasives, Fillers, Others), End User (Construction Industry, Food and Beverage Industry, Others). The Recycled Glass Market market size is estimated to increase by USD 2072.9 Million at a CAGR of 5.5% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 3275 Million.
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The recycled glass market refers to the industry involved in the collection, processing, and sale of glass that has been recovered from waste streams and processed into new products. Recycled glass is used in a wide range of applications, including building and construction, container and packaging, and decorative and industrial uses. The recycled glass market plays an important role in reducing waste and conserving natural resources, as well as providing a sustainable alternative to the production of new glass from virgin materials.
Recycled Glass Market market – Key Segment Analysis
The market share growth by the Cullet segment will be significant during the forecast period. The segment is driven by the Glass is 100% Recyclable and Without Loss in Quality or Purity.
Recycled Glass Market market – Competition Analysis
The global Recycled Glass Market market is seeing several joint ventures to intensify the capability of manufacturers and/or companies to establish geographic footprints to new territory. The vendors are accelerating M&A strategies to expand their geographical reach, which is shaping the market toward new growth cycle. The list of players that are profiled in the study are Owens-Illinois Inc. (United States), Strategic Materials, Inc. (United States), Ardagh Group S.A. (Luxembourg), Vetropack Holding Ltd. (Switzerland), Vitro S.A.B. (Mexico), Gerresheimer AG (Germany), Anchor Glass Container Corporation (United States), Momentum Recycling LLC (United States), Glass Recycled Surfaces (United States), Coloured Aggregates Inc. (Canada)..
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Recycled Glass Market
Market Drivers
- Glass is 100% Recyclable and Without Loss in Quality or Purity
Market Trend
- Recycled Glass is Used as Aggregate for Road Bases
Market Opportunities
- Increasing Demand Due to Less Industrial Pollution Involved in Recycling Process
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What key data is demonstrated in this Recycled Glass Market market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the Recycled Glass Market market between 2023 and 2028
- Precise estimation of the size of the Recycled Glass Market market and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behaviour
- Value in dollar term and growth of the market industry across APAC, Europe, North America, South America, and Middle Eastand Africa; further broken down by major country within region.
- Thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of Recycled Glass Market market players
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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
- Political (Political policy and stability as well as trade, fiscal, and taxation policies)
- Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
- Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
- Technological (Changes in digital or mobile technology, automation, research, and development)
- Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
- Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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