The global recycled glass market is projected to reach $4.2 billion by 2028, at a CAGR of 6.2% during 2023-2028. The growth of recycled glass market is driven by the growing use of discarded glass, which are melt and molded into new products for decoration or other uses, such as making brickwork, increasing concern towards effective waste management, and supportive government programs that promote cleanliness.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the recycled glass market by product
(cullet, crushed glass, and glass powder), application (glass bottle and
containers, flat glass, fiber glass, highway beads, abrasives, fillers, and
others), and region (North America, Europe, Asia Pacific, and the Rest of the
World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the recycled glass market?
Q.4 What are some
changing demands of customers in the recycled glass market?
Q.5 What are the new
developments in the recycled glass market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this recycled glass area and how big of a
threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this recycled glass market?
Market Segmentation:
Based on product, the
recycled glass market is segmented into cullet, crushed glass, and glass powder.
The cullet segment accounted for the largest share of the market in 2023 and is
expected to register the highest CAGR during the forecast period, due to the
increasing their usage in the manufacturing process of glass to minimize energy
consumption and make it affordable.
Europe will remain the
largest region due to the increasing public awareness towards glass recycling
and supportive European Union's development of a circular economy package to
promote effective waste control, recycling operations, and on-going projects in
the region.
Key Players in the
recycled glass market are Strategic Materials, Momentum Recycling, Reiling
Glass Recycling, Glass Recycled Surfaces, and Coloured Aggregates.
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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