SEATTLE (Recycling Monster): The latest research report published by Stratview Research suggests tremendous growth to recycled glass market over the upcoming years. The market is likely to touch $1.8601 billion by 2028, it said.

The report identifies several key factors that drive the global recycled glass market, including favourable government initiatives, technological advancements that encourage the use of recycled glass in automotive and construction sectors, rising environmental concerns and cleanliness campaigns.

According to product type, the report classifies the recycled glass market into three categories- cullet, crushed glass and glass powder. Among these, the cullet segment is forecast to register largest CAGR growth over the forecast period. It must be noted that the cullet segment had held largest market share last year.

Based on end-use, the global recycled glass market is classified into various categories- glass bottle and containers, flat glass, fiber glass, highway beads, abrasives, fillers. Among these, flat glass segment is poised to register fastest growth, the report said.

By region, Europe, which held major market share in 2021, is projected to witness healthy CAGR growth over the forecast period.

The report highlights the direct and indirect impacts of Covid-19 on global recycled glass market.

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