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Recycled Glass Market Growth | Trends and Innovations During the Period 2020 to 2025
The global recycled glass market has seen substantial growth, thanks to increasing consumer awareness about sustainable development and supportive government regulations. According to a report by Allied Market Research, the flat glass segment is expected to have the highest Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period. As of 2017, North America dominated the market, which accounted for $3.53 billion, and is projected to reach $5.54 billion by 2025, with a CAGR of 5.7% from 2020 to 2025.๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐: https://www.alliedmarketresearch.com/request-sample/5274
The report delves into the changing market dynamics, top strategies of leading players, competitive scenarios, and major market trends. While the growing awareness and regulations have fueled market growth, challenges like complex recycling processes and high recycling costs are limiting factors. However, there's optimism for the future, as developments promoting recycled glass usage are expected to create lucrative opportunities.
The global recycled glass market is segmented based on product, application, and geography. Cullet, crushed glass, and glass powder are the product categories, with the cullet segment holding the largest market share in 2017 and expected to have the highest CAGR of 5.9% during the forecast period. In terms of application, segments include bottle & container, flat glass, fiberglass, highway beads, and others. The flat glass segment is predicted to have the highest CAGR of 7.0%, while bottle & containers led the market in 2017.
Geographically, Europe is expected to show the highest CAGR of 6.3%, driven by supportive government regulations promoting recycled glass. On the other hand, North America dominated in 2017, accounting for one-third of the market share, attributed to the presence of major players in the region.
The major market players include Strategic Materials, Reiling Glass Recycling GmbH & Co. KG, Momentum Recycling, Coloured Aggregates Inc., Glass Recycled Surfaces, Vetropack Holding Ltd., Harsco Corporation, Gallo Glass Company, Ngwenya glass, and G.R.L, Glasrecyclin.
๐๐ ๐ฒ๐จ๐ฎ'๐ซ๐ ๐ข๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ข๐ง ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐ฒ๐จ๐ฎ ๐๐๐ง ๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐ฎ๐ฅ๐ฅ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ก๐๐ซ๐ @ ttps://www.alliedmarketresearch.com/recycled-glass-market
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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