The newly launched report by Stratview Research, titled ‘Recycled Glass Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2028’ has been bifurcated By Product (Cullet, Crushed Glass, Glass Powder), By End-Use (Glass Bottle and Containers, Flat Glass, Fiber Glass, Highway Beads, Abrasives, Fillers), and Region.
According to the report the Recycled Glass market is projected to grow from USD 1189.12 million in 2021 to USD 1860.06 million by 2028 at a CAGR of over 6.6 % during the forecast period of 2022-2028.
Market Segmentation Analysis –
Based on product, the global recycled glass market has been classified into cullet, crushed glass, and glass powder. Under these, the cullet segment held the largest market share in 2020 and is likely to grow at a considered CAGR during the forecast period. Cullet reduces the amount of raw material used, exhibits low melting power requirement, and further extends the life of the furnace to a minimum of 30%, thereby bolstering the segment growth.
By region, the European market held a significant market share in 2020 and is projected to grow at a healthy CAGR in the coming years. Europe has high awareness regarding landfills well as is promoting the reuse of glass with supportive government policies. Moreover, the European Union introduced the circular economy package to further enhance waste management and recycling activities, thus proliferating regional market growth.
The following are the key players in the market-
- DuPont De Nemours, Inc.
- Valqua Ltd.
- Greene Tweed & Co., Inc.
- EnPro Industries, Inc.
- Trelleborg AB
- EKK Eagle Industries Co., Ltd.
- Parker-Hannifin Corporation
- Freudenberg Group
- Precision Polymer Engineering Limited
- MNE Co., Ltd.
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