Published On : 25 Jan 2019
The demand within the global glass recycling market has been rising at a robust rate, majorly due growing environmental concerns across the globe. Glass recycling can be done using a variety of methods, and the key vendors in the glass recycling market have made ardent efforts to internalise all these methods and techniques. Some of the common glass types used for consumer containers are brown glass, clear glass, and green glass. All of these glass types can be easily recycled which has further propelled demand within the global market for glass recycling. It has lately come to light that several manufacturers of glass have been making efforts to promote glass recycling. This is another key prospect of growth within the global market for glass recycling.
The dynamics of the global market for glass recycling has attracted several new investors in recent times. Apparently, this owes to the lucrative nature of the glass recycling market, and the presence of several key vendors therein. Furthermore, the market for glass recycling has also gained from the government regulations that stipulate effective recycling of glass. It is noticeable that the growth trajectory of the global glass recycling market has traced an ascending graph.
This article by QY Research Reports on the global market for glass recycling sheds value on multiple trends within this market. The article has been written to show the lucrative nature of the global glass recycling market. Moreover, the article fragments the various regional markets for glass recycling, while giving a unique perspective on each of them.
1. Growing Usage of Glass in Multiple Industries
The constructions industry has emerged as a stellar consumer of glass, as the need for aesthetic buildings and houses grows. Hence, there has been an upsurge in the demand for glass recycling to ensure a regular supply of glass materials across the constructions sector. Furthermore, the abundant usage of glass in other areas such as interior designing, crockery, paints, and showpieces has also given an impetus to the growth of the global market for glass recycling in recent times. The voluminous amount of glass-waste that is disposed from multiple industries needs to be recycled at a robust rate to prevent environmental degradation.
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2. Growth of the Asia Pacific Market
The rapid pace of urbanisation and industrialisation in India has increased the demand for glass in the country. This factor is projected to play a key role in the growth of the market for glass recycling in Asia Pacific. Furthermore, the market for glass recycling in North America and Europe is also expected to expand alongside advancements in key industries such as healthcare, banking, and finance.
Some of the key players in the global market for glass recycling are Momentum Recycling, Glass Recycling Company, and Marco Abrasives.
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