Global Recycled Glass Industry 2019 Industry Analysis, Top Players, Revenue and Market Share Report
Recycled Glass Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of recycled glass market by product (cullet, crushed glass, and glass powder), application (bottles, flat, fiberglass, highway beads, abrasives, fillers, and other) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the recycled glass market it includes the five years Industry analysis and the 6 years annual forecast from to 2025. Some of the prominent participants in the global recycled glass market are Strategic Materials, Inc., Dynamic Glass, Vetropack Holding, Momentum Recycling, Ardagh Group S.A., Owens Illinois Inc., Gallo Glass Company, Reiling Glas Recycling GmbH & Co., Heritage Glass Group, Ngwenya Glass, and Other Companies. The global recycled glass market is projected to grow at a CAGR of 5.9% over the forecast period of 2019-2025.
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Increasing Regulations About the Greenhouse Gas Emission Drives the Growth of the Recycled Glass Market
The growing food and beverage industry coupled with the increasing regulations about the greenhouse gas emission drives the growth of the recycled glass market. Recycled glass containers are required because glass manufacturers require high-quality recycled container glass to meet market demands for new glass containers. Recycled glass can be replaced for up to 95% of raw materials. According to the Glass Packaging Institute, over a ton of natural resources are saved for every ton of glass recycled. The glass manufacturers can benefit from recycling in several ways as recycled glass reduces emissions and consumption of raw materials. It also extends the life of plant equipment, such as furnaces, and saves energy.
Furthermore, recycled glass is always part of the recipe for glass, and the more that is used, the greater the decrease in energy used in the furnace. This makes using recycled glass profitable in the long run, lowering costs for glass container manufacturers and benefiting the environment. Thereby, favoring the growth of the recycled glass market. However, the high operational cost of recycling is most likely to restrain the market growth. Moreover, the increasing focus on the control of greenhouse gases is anticipated to provide beneficial opportunities for the growth of the recycled glass market.
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North America Holds the Largest Share in the Global Recycled Glass Market
Among the regions, North America holds the largest share in the global recycled glass market. In the U.S., there are 44 glass manufacturing plants operating in 21 states and 63 glass beneficiating facilities in 30 states. Furthermore, stringent environmental regulations and incentives by the government favor the growth of the recycled glass market in the North America region. Europe and the Asia Pacific are also anticipated to grow at a significant rate over the forecast period owing to the growing awareness about the adverse effects of pollution and increasing landfills.
Recycled Glass Market: Segmentation
The report on global recycled glass market covers segments such as product, and application. On the basis of product, the sub-markets include cullet, crushed glass, and glass powder. On the basis of application, the sub-markets include bottles, flat, fiberglass, highway beads, abrasives, fillers, and other.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the recycled glass.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.