According to the recent research report titled ‘GLOBAL Recycled Glass Market 2020-2028’, available with Market Study Report, global recycled glass market size is expected to expand at a CAGR of 6.25% (by volume) and 6.02% (by revenue) over 2020-2028.
 

Industry experts cite that increasing number of favorable government norms and rising awareness regarding sustainable development are the primary factors driving global recycled glass market growth. In addition, advancements in glass recycling processes is enhancing the overall market outlook.
 

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Notably, glass has various beneficial properties, making it important to recycle the material. Several of its applications aid in energy and natural resource conservation, thus, it is a long-lasting, entirely recyclable material with environmental benefits.
 

Considering the restraints, inadequacy in recycling activities like inefficient process of producing clean, furnace-ready cullet is likely to hamper the remuneration scale of the industry. Moreover, high initial investment requirements associated with recycling process is anticipated to negatively impact worldwide recycled glass industry expansion.
 

As per product type, the market is split into glass powder, crushed glass, and cullet. With respect to application spectrum, the industry is bifurcated into highway beads, fiberglass, flat glass, bottles & containers, and others.
 

Coming to the geographical ambit, leading contributors to global recycled glass market remuneration are North America (Canada, United States), Europe (Russia, Italy, Spain, France, Germany, United Kingdom), Asia Pacific (South Korea, India, Japan, China), Latin America (Mexico, Brazil), and Middle East & Africa (South Africa, Saudi Arabia, Turkey, United Arab Emirates.)
 

The European region held significant portion of the industry share in 2019 and is expected to depict a similar pattern over the coming years. The growth can be ascribed to supportive government norms and initiatives undertaken to promoteg glass recycling at institutional, professional, and public levels.
 

Key players impacting global recycled glass market trends are Ngwenya Glass, Pace Glass, O-I Glass, Inc., Verallia Group, Vetropack Group, Strategic Materials, Inc., Reiling Glass Recycling GmbH & Co. KG, Momentum Recycling, LLC, Harsco Corporation, Glass Recycled Surfaces, Gallo Glass Company, and Coloured Aggregates, Inc.