Recycled Glass Market 2023 | Size to Hit US$ 6.2 Billion at a CAGR of 5.4% by 2028 | IMARC Group

According to the latest report by IMARC Group, titled "Recycled Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the global recycled glass market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global recycled glass market size reached US$ 4.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.

Recycled glass is produced by using broken pieces of waste glass, which undergoes sorting, cleaning, crushing, mixing, etc., with raw materials, such as soda ash and sand. It is melted to form new products, including bottles, jars, abrasives, containers, insulation items, etc., of varied colors and sizes. In line with this, recycled glass aids in reducing emissions and consumption of raw materials as well as energy savings and enhancing the overall air quality. Consequently, it is extensively utilized in numerous sectors, such as construction, food and beverage (F&B), water and wastewater treatment, etc.

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Market Trends and Drivers:

The growing consumer inclination towards ready-to-eat (RTE) food products, on account of hectic lifestyles and the inflating income levels of individuals, is primarily augmenting the recycled glass market. Furthermore, the escalating demand for glass in the manufacturing of several items, as it can be recycled completely without affecting its quality, purity, and other properties, is catalyzing the market growth. Apart from this, the widespread adoption of recycled glass as a substitute for new glass to produce packaging materials is acting as another significant growth-inducing factor.

Moreover, the launch of various favorable initiatives by government bodies across countries to motivate citizens, manufacturers, and communities to take steps towards a cleaner, safer environment is further positively influencing the global market. Besides this, they are implementing stringent regulations that allow consumers to receive a refund value for each empty glass container returned. Additionally, it can also minimize large landfills of waste, which is expected to fuel the recycled glass market in the coming years.

Explore the Full Report with TOC & List of Figures: https://www.imarcgroup.com/recycled-glass-market

Competitive Landscape:

The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.

Some of these key players include:

• Ardagh Group S.A.
• Coloured Aggregates Inc.
• Dlubak Glass Company
• Gallo Glass Company
• Glass Recycled Surfaces
• Harsco Corporation
• Momentum Recycling LLC
• O-I Glass Inc.
• Reiling GmbH & Co. KG
• Strategic Materials Inc
• United Resource Management
• Verallia
• Vetropack Holding Ltd.

Key Market Segmentation:

Breakup by Product:

• Cullet
• Crushed Glass
• Glass Powder

Breakup by Source:

• Deposit Program
• Buy Back/Drop Off Centers
• Curbside Pickups

Breakup by Application:

• Bottle and Containers
• Flat Glass
• Fiber Glass
• Highway Beads
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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This release was published on openPR.