Startview Research has launched a market research report titled ‘Recycled Glass Market’ that is compiled by leveraging findings as well as insights about the market that helps businesses to stay ahead in the competitive market. It also helps the market players in selecting targets, guide where to invest, giving users a detailed information about company profile, etc. This report provides reliable and accurate market data, that can work as the key for the growth of any business. The report estimates about future trends, challenges, linchpins, opportunities, revenue and future sales count in the target market along with forecasting for a 5-year period.
According to this report, The Recycled Glass market is projected to grow from USD 3.7 billion in 2020 to USD 5.0 billion by 2026 at a CAGR of over 5.2% during the forecast period. Rapid industrialization and urbanization have led to large landfills of waste, which has augmented the need for recycled products, thus boosting the demand for recycled glass products. Moreover, favorable government initiatives and increasing awareness campaigns for cleanliness further bolster the market growth. In addition, technological advancements encouraging the usage of recycled glass in automotive and construction will offer future growth opportunities to the market players.
Market Segments' Analysis
Stratview Research has bifurcated the Recycled Glass Market by the following –
· Product (Cullet, Crushed Glass, Glass Powder)
· End-Use (Glass Bottle and Containers, Flat Glass, Fiber Glass, Highway Beads, Abrasives, Fillers)
· Region (North America, Europe, Asia-pacific, Middle East & Africa, South America)
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.
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This report on the Recycled Glass Market is one of the important tools with the help of which the users can obtain a well perspective and through understanding of target market and customer. The details in the report covers Covid19 impact on the market and also predicts how long will it take to recoup which aids in reducing the business failures.
- Trend analysis, pricing and competitive analysis are some of the vital factors covered in this report.
- This report consists of in-depth analysis of the market to help businesses in improving decision making.
- Recycled Glass Market report aims at evaluating future sales as well as trends for the prediction period 5 years.
- This report helps to keep the users updated with key changes that take place in the present market.
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