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Global Glass Recycling Market Analysis & Forecast, 2019-2023 - Growing Global Packaged Beverage Consumption Augments Market Growth - ResearchAndMarkets.com

Post Time:Jul 31,2019Classify:Industry NewsView:944

DUBLIN--(BUSINESS WIRE)--The "Global Glass Recycling Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.


The glass recycling market will register a CAGR of over 5% by 2023.


Growing global packaged beverage consumption


The global packaged beverage consumption is expected to witness an average annual growth rate of around 2.8% during the forecast period. The growing global packed beverage consumption is expected to increase the demand for glass recycling as most of the beverages are packed in glass containers. Recycled glass improves the profit margin of the end-users. Many beverage manufacturers are adopting recycled packaging materials, including glass containers, for their product packaging.


Availability of several substitutes for glass


The market consists of many substitutes for glass products such as metal and plastic. The most critical factor that spurs the adoption of these substitutes is the fragility of glass. The improper handling of glass products can lead to breakage. Therefore, consumers prefer plastic product owing to its durability. Another critical challenge for the global glass recycling market is the premium prices of glass products.


Glass products are more expensive than alternatives such as plastic. The high costs of glass products such as tableware prevent many people from buying them. Apart from the high upfront costs, glass products require more frequent replacement when compared with plastics. Thus, the availability of several substitutes of glass products is expected to affect the demand for glass products and, hence, the requirement for recycling.


Competitive Landscape


The market appears to be moderately fragmented. The presence of several companies, including Momentum Recycling LLC & Pace Glass, makes the competitive environment quite intense.


Factors such as the growth in the global glass tableware market and the growing global packaged beverage consumption will provide significant growth opportunities to the glass recycling manufacturers.


Key Players


Momentum Recycling LLC

Pace Glass Inc.

Strategic Materials Inc.

TerraCycle Inc.

Vitro Minerals Inc.

Topics Covered


PART 01: EXECUTIVE SUMMARY


PART 02: SCOPE OF THE REPORT


PART 03: MARKET LANDSCAPE


Market ecosystem

Market characteristics

Market segmentation analysis

PART 04: MARKET SIZING


Market definition

Market sizing 2018

Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS


Bargaining power of buyers

Bargaining power of suppliers

Threat of new entrants

Threat of substitutes

Threat of rivalry

Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT


Comparison by product

Container glass - Market size and forecast 2018-2023

Construction glass - Market size and forecast 2018-2023

Market opportunity by product

PART 07: CUSTOMER LANDSCAPE


PART 08: GEOGRAPHIC LANDSCAPE


Geographic comparison

Europe - Market size and forecast 2018-2023

APAC - Market size and forecast 2018-2023

North America - Market size and forecast 2018-2023

MEA - Market size and forecast 2018-2023

South America - Market size and forecast 2018-2023

Key leading countries

Market opportunity

PART 09: DECISION FRAMEWORK


PART 10: DRIVERS AND CHALLENGES


PART 11: MARKET TRENDS


Increased use of glass cullet in North American glass container industry

Rising demand for green buildings

Emerging methods to increase the rate of glass recycling

PART 12: VENDOR LANDSCAPE


Overview

Landscape disruption

Competitive scenario

PART 13: VENDOR ANALYSIS


Vendors covered

Vendor classification

Market positioning of vendors

Momentum Recycling LLC

Pace Glass Inc.

Strategic Materials Inc.

TerraCycle Inc.

Vitro Minerals Inc.

For more information about this report visit https://www.researchandmarkets.com/r/qsthqj


Source: https://www.businesswire.com/news/home/Author: shangyi

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