North America Recycled Glass Market Report 2022: A $872 Million Industry by 2028 - Rising Government Intervention to Use Recycled Glass Presents Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "North America Recycled Glass Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type and Application" report has been added to ResearchAndMarkets.com's offering.

The recycled glass market in North America is expected to grow from US$ 623.48 million in 2021 to US$ 872.76 million by 2028; it is estimated to grow at a CAGR of 5.8% from 2021 to 2028.

Rising demand from bottles and containers manufacturing industries is the major factor driving the growth of the North America recycled glass market. Recycled glass is widely used in the packaging of beverages and food products. Technological advancements in the manufacturing of recycled glass bottles and containers are likely to improve customization and sustainability.

The growing demand for reusable resources, which are environmentally friendly, as an alternative to plastics is encouraging manufacturers to use recycled glass bottles and containers in food product and juice packaging.

Recycled glass bottles and containers are considered safer as they pose no risk of chemical leaching into end products, with a minimum risk of contamination and no harm to consumers' health. Moreover, the taste of the food or beverage is preserved better in glass bottles and containers.

After the onset of the COVID-19 pandemic, people have become more inclined toward a healthier lifestyle. They are consciously making sustainable choices, particularly in their daily purchases, which is fueling the need for recycled glass in the bottles and containers sector.

Further, the flourishing pharmaceutical industry has created lucrative opportunities for companies providing bottles and storage containers made from recycled glass. A surge in demand for generic medicines, in the form of capsules and syrups, amid the COVID-19 pandemic is propelling the demand for appropriate packaging materials.

Manufacturers and marketers can use sustainable packaging as an alternative to toxic, nonbiodegradable materials, such as plastics. These factors contribute to the high demand for recycled glass in the bottle and container manufacturing industries.

Vendors in the North America recycled glass market can attract new customers and expand their footprints in emerging markets by offering products with new features, based on innovative technologies. This factor is likely to drive the market growth at a notable CAGR during the forecast period.

North America Recycled Glass Market Segmentation

• The glass cullet segment held the largest market share of the market in 2021
• The bottles and container segment led the market in 2021
• US held the largest market share in 2021

Key Market Dynamics

Market Drivers

• Rising Demand from Bottles and Containers Sector
• Rising Acceptance of Fiberglass Insulation in Many End-Use Industries

Market Restraints

• High Investment in Recycling Process

Market Opportunities

• Rising Government Intervention to Use Recycled Glass

Future Trends

• Stress Upon Sustainable Development and Waste Management

Company Profiles

• Ardagh Group S.A.
• Bradish Glass, Inc.
• Coloured Aggregates Inc.
• Dlubak Glass Company
• Gallo Glass Company
• Momentum Recycling, LLC
• O-I Glass, Inc.
• Strategic Materials, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/uy6xf8