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Recycled Glass Market 2020-2026, Covid-19 Impact | Key Major Players : United Resource Management; Vetropack; Ardagh Group S.A.; Owens-Illinois; Ngwenya Glass; BALCONES RESOURCES
Recycled Glass Market
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Market Analysis: Global Recycled Glass Market
Global recycled glass market is expected to rise to an estimated value of USD 5.23 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the greater concerns for the environment and preserving the aesthetic appeal of the environment, promoting sustainable industrial manufacturing processes.
Key Market Competitors:
Few of the major competitors currently working in the global recycled glass market are Strategic Materials, Inc.; United Resource Management; Vetropack; Ardagh Group S.A.; Owens-Illinois; Ngwenya Glass; BALCONES RESOURCES; Reiling GmbH & Co. KG; Heritage Glass, Inc.; GLASS RECYCLED SURFACES; Enva; RETHMANN SE & CO. KG; Harasco Corporation; Coloured Aggregates Inc.; Pace Glass; Verallia among others.
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Market Definition: Global Recycled Glass Market
Recycled glass is basically any form of glass that is manufactured from the waste glass forms and other materials due to the 100% recyclable nature of glass products. These products have the capability of being recycled any number of times without any variations in quality. Although, recycled glass only consists of certain percentage of waste glass with the mixture of other material to give it the form of variations in end-product.
Global Recycled Glass Market Segmentation:
Recycled Glass Market : By Source
Deposit
Buy Back/Drop Off
Curb-Side
Recycled Glass Market : By Product
Cullet
Crushed Glass
Glass Powder
Recycled Glass Market : By Application
Glass Bottles & Containers
Flat Glass
Fiberglass
Highway Beads
Abrasives
Fillers
Others
Recycled Glass Market : By Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa
Key Developments in the Market:
In October 2017, Littlejohn & Co., LLC announced that they had agreed to acquire Strategic Materials, Inc. This acquisition will enable Strategic Materials, Inc. to expand their expertise and promote sustainable recycling practices worldwide as the need for more environmental conserving operations is growing.
In August 2017, RETHMANN SE & CO. KG announced that they had received clearance from the Bundeskartellamt regarding the acquisition of two glass recycling companies based out of Belgium. The acquisition will provide greater glass recycling capabilities in Germany for RETHMANN, establishing them as the market leader in the area. The companies in question are G.R.I.-Glasrecycling NV and VSB Holding NV, both being acquired by the Vanswartenbrouck family.
Recycled Glass Market Drivers:
Lower energy consumption associated with the manufacturing of these products is expected to positively affect the growth of the market
Presence of certain regulations and compliances for the usage of recycled glass from authorities to conserve the usage of new raw materials is expected to drive the growth of the market
Presence of monetization policies & subsidies for recycling glass; this factor is expected to drive the growth of the market
Recycled Glass Market Restraints:
Large financial and labour costs associated with the manufacturing of the product is expected to hinder the growth of the market
Complications associated with the recycling of glass as not all glass products are recyclable in nature and need to be segregated before recycling can be initiated; this factor is expected to restrain the growth of the market
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