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Glass Recycling Market Report, Size, Insights, Forecast, Industry Growth | Valuates Reports
The global Glass Recycling market size is projected to reach USD 4807.1 million by 2027, from USD 3013.2 million in 2020, at a CAGR of 6.9% during 2021-2027.
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Major factors driving the growth of the glass recycling market growth:
The Glass Recycling Market market is being driven by rising concerns about effective waste management and sustainable development, as well as government measures to promote the use of recycled glass. In the coming years, glass recycling will play a critical role in waste management because it is both efficient and environmentally friendly.
Furthermore, Using shattered bottle glass instead of fresh material saves between 20 and 30% of energy. The key to this energy savings is that when production is done with recycled glass or a cullet, the melting point of the material is lower, and thus the energy required is lower. Thus the energy-saving feature is expected to drive the growth of the glass recycling market.
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GLASS RECYCLING MARKET SHARE ANALYSIS
Europe is the major sales market in the world with a 48.67% share, valued at 1186.12 million, followed by the Asia Pacific with a 26.76% market share in 2018.
Key Companies
• Ardagh
• Momentum Recycling
• Heritage Glass
• Shanghai Yanlongji
• The Glass Recycling Company
• Spring Pool
• Pace Glass
• Vitro Minerals
• Marco Abrasives
• Rumpke
• Binder+Co
• Owens Corning
• Trim
• Vetropack Holding
• Sesotec.
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1. Smart Glass Market: https://reports.valuates.com/market-reports/QYRE-Auto-8E4647/global-smart-glass
2. Fiber Glass Recycling Market: https://reports.valuates.com/market-reports/QYRE-Othe-1T477/fiber-glass-recycling
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