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 2024-2032.”The study provides a detailed analysis of the industry, including the global Recycled Glass Market size, share, 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?
The global recycled glass market size reached US$ 3,443.0 million in 2023. Looking forward, Reports and Insights expects the market to reach US$ 5,718.8 million in 2032, exhibiting a growth rate (CAGR) of 5.8% during 2024-2032.
What is Recycled Glass?
Recycled glass is glass that has been collected, sorted, and processed to be used again in the production of new glass items. This involves gathering used glass containers and other glass products, separating them by color to remove any contaminants, and crushing them into cullet. The cullet is then melted down and shaped into new glass objects. Recycling glass is an environmentally friendly practice that helps reduce waste sent to landfills and conserves natural resources by allowing for the creation of new glass products without the need for raw materials.
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What are the growth prospects and trends in the Recycled Glass industry?
The recycled glass market growth is driven by various factors and trends. The market for recycled glass is expanding as environmental awareness and the demand for sustainable materials rise. Recycled glass, or cullet, finds applications in various sectors including glass containers, fiberglass insulation, and glass beads. Growth in this market is fueled by government efforts to promote recycling, increased consumer awareness about environmental conservation, and the cost advantages of using recycled glass over raw materials. Moreover, the construction industry's growing adoption of recycled glass in green buildings and infrastructure projects is further boosting market growth. Hence, all these factors contribute to recycled glass market growth.
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
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