Sweden Recycled Glass Market to cross $ 6.9 mn in 2025
Date: 2018-11-13   Author: Rahul Varpe  Category: #news

Sweden Recycled Glass Market to cross $ 6.9 mn in 2025

Sweden recycled glass market is likely to generate the revenue around USD 6.9 million in 2025 as the government has provided various subsidiary on the product to increase the recycling rate of the vitrics products. According to Avfall Sverige, Sweden is aiming for zero waste future by the end of 2020. The country even imports waste from UK, Norway, Italy, etc. and recovers more energy from each ton of the product than other countries.

U.S. recycled glass market to cross $58 mn in 2017 and will grow at substantial annual growth rate by the end of forecast timeframe. According to U.S. EPA, in 2013, there are 44 product manufacturing facilities operating in 21 states and 63 product processing facilities operating in 30 states. These factors will contribute to the recycled product market by the end of forecast timeframe.

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According to a new research report by Global Market Insights, Inc. Recycled Glass Market size will surpass USD 4.4 billion by 2025.

Growth driver are

•    Rising awareness about sustainable development
•    Tightening legislation to use recycle glass in Europe
•    Complex manufacturing process
•    High investment in glass recycling

Recycled glass is a sustainable material providing boundless ecological aids including contribution to mitigating climate change and saving valuable natural resources as vitric products can be recycled in close loop endlessly. On an average, the glass bottle has a recycling rate of 50% to 80% which conserve a significant amount of raw material. The use of product during the manufacturing of vitric products will also conserve the energy consumption as the cullet melt at a lower temperature than raw material. Consequently, low energy consumption is required for melting purpose.

On revenue basis, clear cullet is likely to account for around 60% of the global recycled glass market in 2025. Clear cullet is manufactured generally from soda, beer bottle, flat glass, soft drink bottles, food bottles, including pickle jars, sauce bottle, honey, cider and others. Alcohol packaging industry play a vital role in the recycled product market as it acts as main raw material supplier and end-user industry of the product market.

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The different sources include deposit program, curbside, buyback/drop off program. Among all, curbside will hold around one-third of the total recycled glass market throughout the forecast span. Curbside program includes material recovery facility which provide collection of single stream waste, followed by sorting and segregation of waste. This program will experience sluggish growth during forecast timespan owing to the production of low quality cullet.

Recycled glass Market, by Sources

•    Global recycled glass market sources insights
•    Deposit program
•    Buy back/ drop off program
•    Curbside program

Recycled glass Market, By Applications

•    Global recycled glass market application insights
•    Glass bottles & containers
•    Flat glass
•    Fiberglass
•    Highway beads
•    Abrasives
•    Fillers
•    Others (filtration medium, hydroponic rooting medium, flux or binder etc.)

In current years, legislative pressure and improvement in cullet quality have significantly influenced the recycled glass market. For instance, The Producer Responsibility Obligation 

Regulation in Europe introduced Packaging Recovery Note (PRN) system which made product market more economically attractive. The combination of above mentioned regulation with Climate Change Levy has made the lower energy requirements of using cullet as a raw material in place of virgin materials which act as a key factor in reaching industry targets for reducing energy consumption. 

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

Moreover, the Pollution Prevention and Control legislative in Europe targets to reduce pollution which bounded the glass companies to increase the use of recycled product, which will fuel the recycled glass market by the end of 2025.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

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