Global Recycled Glass Market | Growth, Analysis, Size, Share - PowerPoint PPT Presentation

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Global Recycled Glass Market | Growth, Analysis, Size, Share

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The global market for recycled glass would witness a CAGR of 6.02% in terms of revenue & will reach revenue of $6.64 billion by 2028. Download Sample Report. – PowerPoint PPT presentation

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Date added: 13 July 2020
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Title: Global Recycled Glass Market | Growth, Analysis, Size, Share


1
The Global Recycled Glass Market to Bloom at
6.02 CAGR by 2028
Triton Market Research presents the Global
Recycled Glass Market report segmented by Product
(Cullet, Crushed Glass, Glass Powder), by
Application (Bottles Containers, Flat Glass,
Fiberglass, Highway Beads, Others), by
Geographical Region (North America, Europe,
Asia-Pacific, Latin America, Middle East and
Africa), discussing Market Definition, Key
Insights, Porters Five Forces Analysis, Vendor
Scorecard, Market Attractiveness Index, Drivers,
Restraints, Opportunities, Challenges, Global
Market Size, Forecasts Analysis (2020-2028).
Triton Market Research states that the Global
Recycled Glass Market is evolving at a CAGR of
6.02 (revenue) and 6.25 (volume) during the
forecasted period (2020-2028). The upsurge in
alertness for sustainable development and the
supportive government regulations promoting the
adoption of recycled glass are the driving
factors behind the growth of this market.
However, this growth is being hindered due to
inadequacy in recycling activities. Request a
Free Sample https//www.tritonmarketresearch.com/
reports/recycled-glass-marketrequest-free-sample
Glass is a material that does not decompose, and
therefore, it becomes crucial to recycle it. The
recycling of glass is a process involving
various stages, right from where it is first
disposed to where it is crushed, melted,
molded into a new product, like a bottle or jar.
It is also used for other purposes, such as
manufacturing bricks or decorating items. The
recycling process does not degrade the glass, and
hence, it can be recycled repeatedly.
2
The market in Europe is estimated to grow the
fastest during the forecast period, accounting
for the largest share in the global recycled
glass market by 2028. Glass recycling is widely
implemented in Germany. Consumer containers are
placed in several districts in which waste glass
is collected, so that it can be sent for
recycling. Moreover, the German Pfand System was
brought into action to ensure there is a policy
for recycling glass and plastic bottles. The
policy was implemented to encourage beverage
manufacturing companies to offer their products
in multipurpose, refillable glass bottles
these can be refilled up to 50 times. Hence,
fewer bottles need to be manufactured, which
also reduces the average CO2 emission per
bottle. In Italy, the rate of glass recycling is
70. The country is at the forefront when it
comes to the recovery and reuse of materials,
and therefore, glass is increasingly recycled. In
fact, glass was the most commonly recycled waste
item in Italy. Nearly 94 of the households in
the country that performed waste separation,
recycled glass bottles. The renowned players in
this industry include Pace Glass, Glass Recycled
Surfaces, O-I Glass Inc, Momentum Recycling LLC,
Verallia, Reiling Glass Recycling GmbH Co KG,
Coloured Aggregates Inc, Vetropack, Strategic
Materials, Gallo Glass Company, Harsco
Corporation, and Ngwenya Glass. The high cost
associated with the recycling of glass raises the
amount of investment required, which restrains
new players from entering this market. Moreover,
they also face certain legal barriers. Also, the
growing demand for recycled glass, along with
the increasing distribution channels, indicates
that the global recycled glass market is on a
growth path. Contact Us sales_at_tritonmarketresear
ch.com Phone 44 7441 911839
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