Recycled Glass Market Analysis, Size, Applications Share, Trends & Forecast, 2019 – 2024

According to a new research report by Global Market Insights, Inc.Recycled Glass Market size will surpass USD 4.4 billion by 2025.Increasing environmental awareness along with initiatives taken for sustainable development will foster recycled glass market share over the forecast timeframe. For example, ‘Glass for Europe’, an association for flat glass had proposed an initiative to escalate the recycling of flat glass. Recycled glass is essentially a sustainable material that offers endless ecological benefits as well.

It contributes towards mitigating climate change as well as saving natural resources, as glass products can be recycled endlessly. Glass bottles on an average have a recycling rate from 50% to 80% that tend to conserve a considerable amount of raw material. As the product is used to manufacture the vitric products, energy consumption is also lowered.

Request for a sample copy of this report @   
https://www.gminsights.com/request-sample/detail/2699  

Rising demand for the vitric products and its uses will drive recycled glass industry size due to inert features that preserve nutrients and taste of the food and beverage product. Moreover, the product is used in the pharmaceutical sector in order to help preserve the compositions of the medicines and their properties, boosting recycled glass market outlook over the study period.

There has been a certain rise in the approach for waste to energy which has stimulated the technique for glass recycling. The usage of recycled glass helps in the reduction of energy consumed that is needed to melt the raw material while manufacturing vitric products. Additionally, more than a ton of natural resources can be saved from each ton glass that is used.

For example, cost of energy drops from nearly 2-3% for 10% of every use of cullet that is recycled in making glassware. The carbon dioxide drops to one ton for six tons of every use of recycled cullet. Major improvements in the quality of the cullet coupled with the legislative pressure during the ongoing years have positively impacted recycled glass industry size.

Browse Complete Summary of this report @
https://www.gminsights.com/industry-analysis/recycled-glass-market   

For example, Europe’s The Producer Responsibility Obligation Regulation launched Packaging Recovery Note (PRN) system that helped make the market of the product economical and attractive. The fusion of the regulation along with the Climate Change Levy has made the requirement for lower energy by using cullet as a raw material, essentially as an alternative for virgin materials. This happens to be a key factor that would help reach the industry targets to reduce the consumption of energy.

Furthermore, Europe’s Pollution Prevention and Control legislative aims for the reduction of pollution which induced the glass firms to raise the use of recycled glass products while also fueling recycled glass market share over the projected timeframe. The alcohol packaging industry will prove to offer lucrative growth opportunities for recycled glass consumption.

This segment happens to be the largest end-user and supplier of raw material for the industry. With the increase in urbanization, there has been a rise in the disposable income at hand in the emerging nations which will boost alcohol beverage consumption.

Make an inquiry for purchasing this report @
https://www.gminsights.com/inquiry-before-buying/2699  

The product revenues from Netherland will reached nearly USD 970 million by the year 2025. The country has practiced the recycling of vitric products from the past 25 years. According to the statutory requirement in Europe, each district council has the responsibility to collect vitric products for recycling purposes which must be in line with the country’s directives pertaining to waste management. Such regulations concerning recycling will help drive recycled glass market forecast by 2025.

About Global Market Insights, Inc.

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Connect with us twitter | LinkedIn | Facebook | Google+