The Reports and Insights, a leading market research company, has recently releases report titled “Recycled Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2031.”
The study provides a detailed analysis of the industry, including the global Recycled Glass Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Recycled Glass Market?
According to Reports and Insights analysis, the global recycled glass market was US$ 3254.3 Million in 2022.
Furthermore, the global recycled glass market to register a CAGR of 5.8% which is expected to result in a market forecast value for 2031 of US$ 4265.2 Mn
What is Recycled Glass?
Recycled glass encompasses glass items that have been gathered, processed, and repurposed to form new products, diverting waste from landfills and decreasing the need for fresh raw materials. The recycling procedure involves collecting discarded glass containers, transporting them to recycling facilities, and then cleaning and reprocessing them into fresh glass items. This eco-friendly approach not only preserves natural resources but also diminishes energy usage compared to the production of glass from primary materials. Utilized across diverse industries, recycled glass plays a crucial role in environmental preservation initiatives, supporting a circular economy by reducing the ecological footprint associated with conventional glass manufacturing.
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What are the growth prospects and trends in the Recycled Glass industry?
The recycled glass market growth is driven by a heightened emphasis on sustainability across diverse sectors. Fueled by the imperative to minimize environmental impact and carbon footprints, the demand for recycled glass products is steadily rising. This surge is attributed to the environmentally friendly characteristics of recycled glass, involving the collection, processing, and repurposing of glass waste for the creation of new products. Industries such as packaging, construction, and consumer goods are increasingly adopting recycled glass in their production processes, fostering a circular economy and mitigating the ecological consequences associated with conventional glass manufacturing. The evolving recycled glass market growth signifies a pivotal shift toward sustainable practices, addressing the escalating need for environmentally conscious solutions in the contemporary global marketplace.
What is included in market segmentation?
The report has segmented the market into the following categories:
By Product Type:
Cullet (Crushed Glass)
Crushed Glass Sand
Glass Powder
By Source:
Deposit Bottle Banks
Container Glass Recycling
Construction and Demolition
Others
By End-Use Industry:
Glass Manufacturing
Abrasives
Fillers
Fiber Glass
Others
Market Segmentation By Region:
North America:
United States
Canada
Europe:
Germany
United Kingdom
France
Italy
Spain
Russia
Poland
BENELUX
NORDIC
Rest of Europe
Asia Pacific:
China
Japan
India
South Korea
ASEAN
Australia & New Zealand
Rest of Asia Pacific
Latin America:
Brazil
Mexico
Argentina
Rest of Latin America
Middle East & Africa:
Saudi Arabia
South Africa
United Arab Emirates
Israel
Rest of MEA
Who are the key players operating in the industry?
The report covers the major market players including:
Owens-Illinois Inc.
Strategic Materials Inc.
Ardagh Group
Vetropack Holding Ltd.
Vitro, S.A.B. de C.V.
Saint-Gobain
Gallo Glass Company
Rumpke Consolidated Companies, Inc.
Anchor Glass Container Corporation
Reiling Glass Recycling GmbH & Co. KG
Glass Recycled Surfaces
Read Full Report: https://www.reportsandinsights.com/report/recycled-glass-market
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