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Recycled Glass Market Analysis, Trends & Forecast, 2019 – 2025

Author: Deepali Warkhedkar
by Deepali Warkhedkar
Posted: Oct 07, 2019

According to a new research report by Global Market Insights. Recycled Glass Market will surpass USD 4.4 billion by 2025 Proliferation of the waste to energy approach has stimulated the glass recycling technique. The use of recycled glass reduces the energy consumption required to melt the raw material during making vitric products. Moreover, over a ton of natural resources can be saved for each ton of product used. For instance, energy costs drop about 2 - 3% for every 10% of recycled cullet use in making glassware and carbon dioxide drop to one ton for every six tons of recycled cullet use.

Rising awareness and various initiatives about sustainable development has spur product market. For instance, in 2017, 'Glass for Europe' association for the flat glass, proposed an initiative to increase the recycling of flat glass which will further enhance the recycling rate.

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Alcohol packaging industry deemed to a profitable quotient for the recycled glass market. It is the largest end-user as well as raw material supplier for the recycled glass market. Rising urbanization along with rising disposable income in developing nation will increase the consumption of alcoholic beverages, resulting in an increase in demand for alcohol packaging market. This will further spur the recycled glass market.

According to source type, the market is segmented into curbside collection, drop off/ buy back centers and deposit programs. The curbside collection includes MRF for the segregation of recycled and reuse material. The segment will generate revenue around USD 1.2 billion by 2025.

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https://www.gminsights.com/segmentation/detail/recycled-glass-market

Crushed product market will to grow at a compounded annual growth rate of 7.2% over next seven years. In 2010, Waverley Council, an Australian Council, substituted nearly 15 tons of crushed product into road projects, 7.5 ton in concrete and asphalt each. These initiatives by the developing countries will spur product market in next seven years.

Netherland product market will generate revenue nearly USD 970 million in 2025. The practice for recycling vitric products in the country has been carried out for at least 25 years. It is a statutory requirement that each district council is responsible for the collection of vitric products for recycling, in line with Europe directives on waste management. Strict regulations in Europe about recycling will spur the recycled glass market.

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Berry Glass, Ngwenya Glass, Harsco Minerals International, Glass Recycled Surfaces, Strategic Materials, Vetropack Holding Ltd, and Momentum Recycling.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About the Author

Global Market Insights, Inc.’s Precast Construction Market research has the most in-depth, country focused estimates and forecasts for decision makers across the globe. An exhaustive list of company profiles for organizations active in the Precast Co

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Author: Deepali Warkhedkar

Deepali Warkhedkar

Member since: Nov 13, 2017
Published articles: 108

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