Recycled Glass Market Dynamics, Value Chain Analysis, Industry Events and Developments 2027

Report Ocean publicize new report on The Global Recycled Glass Market report contains numerous information about factors, such as market restraints, drivers, and opportunities. In addition, the report provides an in-depth review of industry developments and trends in the market that are influencing the global Recycled glass market growth.

Recycled glass market report, published by Allied Market Research, forecasts that the global recycled glass market growth is expected to garner $5,544.9 million by 2025, registering a CAGR of 5.7%.

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The key factors that drive the growth of this market include growth in industrialization that has resulted in large landfills of waste, thereby boosting the demand for recycled products. In addition, supportive government initiatives and awareness campaign for cleanliness are also expected to fuel the growth of the global recycled glass industry. The state of Oregon passed a law in 1971, requiring buyers of carbonated beverages (such as beer and soda) to pay five cents per container, which is increased to ten cents in April 2017, as a deposit that would be refunded to anyone who returned the container for recycling.

Same law is followed in nine other states including New York and California. Public policy and legislation, including the UK Waste Strategy and Packaging Waste Regulations support to increase recycling rates, which is currently just over 30% in Great Britain for glass. Across Continental Europe, several countries report glass recycling rates of 60-80%. The European Commission is considering proposals for a 75% target for all member states.

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Industrial scale recycling is being introduced in China since the price and demand for raw materials has increased. In addition, China receives large amount of recycled materials from abroad. More than half of all the PET bottles used in Britain are recycled in China. However, complex manufacturing process and contamination by unwanted materials present in product waste stream are expected to hamper the growth of the global recycled glass market.

Cullet is extremely useful while recycling glass. Cullet allows glass manufacturers to reduce need for raw materials. Major ingredients used in glassmaking are sand (mainly silica, SiO2), limestone (CaCO3), and sodium carbonate (also known as soda ash, Na2CO3). One kilogram of cullet replaces 1.2 kg of raw materials and helps manufacturers save energy costs. In spite of cullet’s long list of benefits, glassmakers are limited by what recycled material is available to them at a manageable cost. Getting cullet in a clean, furnace-ready form requires a lot of processing and that processing is carried out inefficiently. This restricts the use of recycled glass in various applications.

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The global recycled glass market is segmented based on product and application. Based on product, the market is segmented into cullet, crushed glass, and glass powder. On the basis of application, the recycled market is segmented into bottle & containers, flat glass, fiber glass, highway beads, and others. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

COVID-19 Impact

The COVID-19 pandemic in 2019 engulfed the world. It caused a worldwide halt. The entire global economy was affected. In addition, many people have also lost their lives. Around 252,297,094 cases and 5,091,465 deaths have been reported worldwide so far for COVID-19. The pandemic spread to almost every country in the world. In most industries, the pandemic resulted in some form of loss. As a result of the pandemic, the global Recycled glass market also experienced a slowdown. Statista estimates that the chemical industry’s total worldwide revenue stood at approximately US$ 3.94 trillion in 2019. In 2014, the chemical industry generated revenues of US$ 5.4 trillion at a record high.

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The degree of competition among prominent global companies has been developed by analyzing several leading chemical market, including market competition, market share, the most recent advancements in the industry, innovative product launches, partnerships, mergers, and acquisitions by leading companies.

Key Findings of the Recycled Glass Market:

The Asia-Pacific market is predicted to grow with a CAGR of 5.6% by 2025.
The Cullet segment is expected to hold a dominant share of the market in terms of revenue, over the projected period.
The Bottle & Containers application segment held a major share in the global market and is projected to grow with a CAGR of 6.2% by 2025.
The qualitative data in the report aims on the recycled glass market trends, dynamics, and developments in the recycled glass industry while the quantitative data provides information about the recycled glass market share and recycled glass market size in terms of revenue and volume.

The market players have adopted agreement, partnership, and expansion as their key strategies to gain competitive advantage in this market. The key players profiled in this report include Strategic Materials, Momentum Recycling, Reiling Glass Recycling GmbH & Co. KG, Glass Recycled Surfaces, Coloured Aggregates Inc., Harsco Corporation, Vetropack Holding Ltd., Ngwenya Glass, Gallo Glass Company, and G.R.L, Glasrecyclin.

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Key questions answered in the global Recycled glass market report are:

How does a global company acquire markets?

What are its core strategies and policies?

What factors will influence the chemical market over the forecast period?

What are the factors driving and restraining the market for chemicals?

What are the leading competitors in the global market?

Which region is growing at a higher pace in the global market?'

This report covers aspects of the regional analysis market.

The report includes data about North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

This report analyzes current and future market trends by region, providing information on product usage and consumption.

Reports on the market include the growth rate of every region, based on their countries over the forecast period.

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What factors are taken into consideration when assessing the key market players?

The report analyzes companies across the globe in detail.

The report provides an overview of major vendors in the market, including key players.

Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.

This report includes a comparison of market competitors and a discussion of the standpoints of the major players.

Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.

What are the key findings of the report?

This report provides comprehensive information on factors expected to influence the market growth and market share in the future.

The report offers the current state of the market and future prospects for various geographical regions.

This report provides both qualitative and quantitative information about the competitive landscape of the market.

Combined with Porter's Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.

It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.

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