How Recycled Glass Market Growing Rapidly...? Top Manufacturers Ardagh group, Momentum Recycling, Strategic Materials, Harsco Minerals International and Heritage Glass.

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.

On the other flip, high cost associated with glass recycling will hamper the recycled product market. The recycling process is labor intensive which incurs a heavy investment. Moreover, in many countries the recycling process is done overseas owing to lack of proper recycling facilities which increases the product cost. For instance, the vitric product waste collected in Singapore is sorted and exported overseas for recycling due to no recycling facilities in the country.

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According to a new research report by Global Market Insights. Recycled Glass Market will surpass USD 4.4 billion by 2025. 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.

Growth driver are
1. Rising awareness about sustainable development
2. Tightening legislation to use recycle glass in Europe

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.

On the other flip, high cost associated with glass recycling will hamper the recycled product market. The recycling process is labor intensive which incurs a heavy investment. Moreover, in many countries the recycling process is done overseas owing to lack of proper recycling facilities which increases the product cost. For instance, the vitric product waste collected in Singapore is sorted and exported overseas for recycling due to no recycling facilities in the country.

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According to source type, Recycled Glass 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.

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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The major players Recycled Glass Market includes 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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