Press release
Global Recycled Glass Market By Product 2024 | Berry Glass, Ngwenya Glass, Harsco Minerals International, Glass Recycled Surfaces, Strategic Materials, Vetropack Holding Ltd, and Momentum Recycling
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.
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Recycled Glass Market will surpass USD 4.4 billion by 2025; according to a new research report. 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.
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.
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.
rushed 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.
The major players product includes Berry Glass, Ngwenya Glass, Harsco Minerals International, Glass Recycled Surfaces, Strategic Materials, Vetropack Holding Ltd, and Momentum Recycling.
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Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Recycled Glass Industry Insights
Chapter 4. Recycled glass Market, by Sources
Chapter 5. Recycled glass Market, Product by Application
Chapter 6. Recycled glass Market, By Applications
Chapter 7. Recycled Glass Market, By Region
Chapter 8. Company Profiles
For More Details about this report: https://www.marketstudyreport.com/reports/recycled-glass-market
Read More: https://www.marketwatch.com/press-release/smart-glass-market-to-soar-at-192-cagr-to-2023-2018-11-29
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