The Global Recycled Glass Market size is estimated to reach USD 5.27 from USD 3.63 billion in 2019, delivering a CAGR of 4.8% through 2027. The market growth is driven by the major implementation of effective waste management & sustainable development, along with favorable government initiatives promoting the usage of recycled glass. Several countries across the globe are working towards the waste glass deposit program for managing waste. For instance, in England, all drink containers made of plastic, metal, or glass are covered under the deposit-return scheme run by the regional government. The scheme was introduced to reduce the amount of litter polluting sea and land recurring a small cash sum to consumers who return their cans and bottles. Similar kinds of schemes are operational in 38 countries across the globe.

Key players in the market include Strategic Materials Inc, ACE Glass Recycling, Balcones Resources, Gallo Glass Company, Ripple Glass, Pace Glass Inc, Momentum Recycling LLC, CAP Glass, Bradish Glass Inc, and Dlubak Glass Company.

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Growing amounts of glass waste is an alarming issue faced by several countries across the globe. Most of these wastes end up in incinerators and landfills, thereby contributing to environmental pollution, global warming, and climate change. In a bid to reduce the negative impact of glass waste on the environment, glass recycling can play a pivotal role in waste management Several developed countries are promoting the recycling of glass through the introduction of schemes, funds, and grants. The developing nations are also not very far in following the trend. Increasing awareness regarding effective waste management will boost recycled glass market growth.

The introduction of recycled glass during the production process enables glass manufacturers to cut down on furnace maintenance & repair and overall energy costs, which is also supplementing recycled glass markets share. Moreover, rapid industrialization, along with growing product demand from the automobile and construction sector, will further bolster industry expansion over the forecast period.

For the purpose of this report, Reports and Data has segmented the Global Recycled Glass Market on the basis of source, product, application, and region:

Source Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

Deposit Program
Drop Off/Buy Back Centers
Curbside Pickups

Product Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

Cullet
Crushed Glass
Glass Powder

Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

Glass Bottle & Containers
Fiber Glass
Flat Glass
Highway Beads
Abrasives
Fillers
Others

Regional Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

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Further key findings from the report suggest

Based on product,the cullet segment accounted for the largest share in the global recycled glass market size 2019 and is set to witness substantial growth through 2027 on account of high operational efficiency provided by the product in glass applications.

Based on source, the Deposit program segment accounts for 41.3% of the recycled glass market share and is forecast to witness a notable CAGR of 7.5% through 2027.

On the basis of application, the fiberglass segment is estimated to account for the majority of the market revenue share through 2027. The robust growth can be attributed to its excellent insulation properties, low coefficient of linear expansion, and superior resistive characteristics. The increasing consumption of fiberglass by various end-user industries, including aerospace & defense, automotive, manufacturing, power generation, food processing, pulp & paper, metals & mining, and others, will boost segmental growth.

In the regional landscape, Europe accounts for 12.4% of the recycled glass market share and is a major regional ground for industry growth due to increasing awareness among masses in the region regarding recycling practices, which is further supported by government initiatives that promote the usage of recycled glasses. Several European countries have significantly increased landfill tax rates in order to stop the disposal of glass wastes in landfills, which will further boost regional industry growth through 2027…Continued

Key Insights offered in the report:

Business overview, product overview, significant market data, demand and supply ratio and overall industry chain analysis
The report encompasses different approaches and strategic business decisions undertaken by the key players of the market to gain a robust a footing
It describes in detail the production value, marketing strategies, distributors, and factors influencing the growth of the market
Strategic business expansion plans and alliances of the key players
Comprehensive analysis of the present trends and emerging trends of the market
Analysis and identification of the factors influencing the Recycled Glass market such as drivers, restraints, opportunities, and trends

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