Based on Fact. MR’s current released report on glass crushers, the market is anticipated to be worth US$ 170.4 Million by the end of 2023, with a CAGR of 5.1 % from 2023 to 2033.
End-use verticals such as automotive, food and beverage, and construction are boosting the demand for glass crushers. Demand from food and beverage will increase as users are shifting towards recycling to reduce costs and conserve raw
materials. Most bars, kitchens, and restaurants face the problem of handling glass waste, and the demand from them will increase owing to their key role in mass waste management and glass recycling.
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European countries are leading in terms of recycling and waste management Germany has been at the top of the list of recycling rates in the world. Germany recycled around 56.1% of the total produced waste. The country initiated a packaging audit to help counter the potential rise of landfill problems.
Demand for the glass crusher market is set to rise in the future and reach US$ 280.6 Million by 2033.
Upshots from Market Study
By product type, impact crushers are having the largest market share of approximately 67.0% in the year 2023
By application type, the food and beverage industry is among the highly preferred category and is projected to grow by the end of the forecast year
Germany is having the most significant market for glass crusher with a market share of around 25.0% in 2023
UK is having the second-largest market share of around 18.0% in 2021 followed by Europe
By capacity, below 25 tons/hr glass crushers are among the most widely used category
“ Utilization and integration of recycled glass in the food & beverage industry for packaging to positively impact market growth .” – says a Fact.MR analyst
Market Improvements and expansion
The major players operating in the glass crusher market are Krysteline Group Ltd., Enerpat Group UK Ltd., Prodeva Inc., Delitek AS, Telegreen Recycling Equipment, Macfab Systems, ECS Limited, and Baler Options Ltd
Market participants are targeting glass recycling and waste disposal companies to generate consistent demand. Manufacturers of glass recycling machines also enter into cooperation agreements with end users to improve their market position. Digitalization and social media offer immense growth opportunities to manufacturers.
More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the glass crusher market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.
The study reveals essential insights based on the product type (jaw crushers, hammer crushers, roll crushers, impact crushers, compound crushers), capacity (below 25 Tons/Hr, 25-50 Tons/Hr, 50-100 Tons/Hr, above 100 Tons/Hr), end use (food & beverage industry, medical industry, automotive, interior & construction, labs and research centers, others), and across major countries of Europe (Germany, UK, France, Spain, Italy, BENELUX, NORDIC, Portugal, Rest of Europe).
For More Insights of Fact.MR Trending Report:- https://www.newswire.co.kr/newsRead.php?no=946848
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