(MENAFN- Ameliorate Digital Consultancy)
According to Fact.MR, a market research and competitive intelligence provider, the global glass crusher market is estimated at US$ 590.3 million in 2022 and is expected to expand at an impressive CAGR of 6.1% over the forecast years of 2022-2032.
Globally, increasing concerns regarding waste management along with rising challenges related to waste disposal are expected to drive the waste recycling market. The laying down of strict laws has fast-tracked research and development initiatives in waste recycling, which is expected to support market growth for glass crushers.
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On a global level, people produce 2.12 billion tons of all types of waste every year. Globally, nearly 28 million tons of glass is recycled, which is estimated to be 21% of the overall volume of glass produced. The amount of recycled glass waste has been increasing over the years. Adoption of glass crushers for glass waste management and recycling is expected to generate high revenue prospects over the years ahead.
Key players in the Glass Crusher Market
HARDEN Ampulverizer (Hustler Conveyor Company) American Pulverizer McLanahan Techna-Flo IMI plc BottleCycler
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Key Takeaways from Glass Crusher Market Study
The global glass crusher market is projected to expand at a noteworthy CAGR of 6.7% and top US$ 1 billion by 2032. The market expanded at 1.2% CAGR from 2017 to 2021. Under type, jaw glass crushers dominate the market and are currently valued at US$ 34.7 million. North America and Europe dominated the market with 27.1% and 35.1% market shares in 2021, respectively. The food & beverage industry is likely to represent 46.8% market share in 2022. Based on region, demand for glass crushers is expected to increase at CAGRs of 5.1% and 5.4%, in Europe and South Asia & Oceania, respectively.
The business environment in the glass crusher market continues to reflect a rollup within the industry despite difficult economic conditions. To gain a solid hold in the market, prominent manufacturers are employing inorganic strategies; for instance, the acquisition of BOTTLECYCLER by TOMRA has consolidated the market dynamics in terms of competition.
Market participants are creating tie-ups with government recycling facilities and waste management programs to supply their offerings and cater to the rising demand. Also, market players are channelizing their marketing resources for capturing higher sales, particularly from the food & beverages industry where hotels, restaurants, and cafés are prominent demand creators.
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Key Segments Covered in the Glass Crusher Industry Survey
By Type :
Jaw Crushers Hammer Crushers Roll Crushers Impact Crushers Compound Crushers By Capacity :
Below 25 Tons/Hr 25-50 Tons/Hr 50-100 Tons/Hr Above 100 Tons/Hr
By Output Type :
Glass to Sand Glass to Cullets
By Feed Size :
Less than 150 mm 150-250 mm Above 250 mm By Noise Level :
Low (below 70 db) Medium (70-85 db) High (Above 85 db) By Application :
Food & Beverage Industry Medical Industry Automotive Interior & Construction Labs and Research Centers Others
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