March 02, 2022 04:30 ET | Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES
ALBANY, N.Y., March 02, 2022 (GLOBE NEWSWIRE) -- The global recycled glass market is expected to cross the mark of US$ 4.5 Bn by the end of 2027. The global market is also projected to register growth at a CAGR of 6.7% during the forecast period, from 2019 to 2027. Growing awareness about environmental safety and sustainability across industry verticals and around the globe is leading to the rising demand for recycled glass items in the global market. Over the years, recycled glass has been used in a variety of applications, including abrasives, filtration, containers, fiberglass insulation, and bottles, to name a few. Since glass can be melted down and then recycled numerous times sans any compromise on quality, the use of recycled glass in the manufacturing of glass items is on the rise.
Wall insulation, countertops, containers, and kitchen tiles are all made from recycled glass components. Such increasing usage is likely to bolster the demand in the global recycled glass market. These materials help glass product makers save money by reducing raw material consumption, lowering hazardous emissions, conserving energy, and extending the life of glass plant machinery such as furnaces. These characteristics make them a valuable commodity in the manufacture of new glass items, thereby boosting the global recycled glass market.
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Glass recycling in various nations is influenced by the availability of favorable government legislation, cullet, and consumer awareness. Furthermore, the cost of recycling glass and the supply & quality of cullet have a direct influence on the expansion of the global recycled glass market.
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Global Recycled Glass Market: Growth Drivers
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Global Recycled Glass Market: Key Players
Some of the key market players are
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Global Recycled Glass Market: Segmentation
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