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.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞: 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.

𝐈𝐟 𝐲𝐨𝐮'𝐫𝐞 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐚 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐜𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 𝐡𝐞𝐫𝐞 @ 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.

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