Global reverse vending machine Market: Industry Analysis and Forecast, 2021–2030
Reverse vending machine also called as automated recycling machine. Reverse vending machine can be used by consumers to return their empty food containers and drink containers and receive rewards such as cash or refund. Reverse vending machine offers an alternative way to recycle bottled containers in convenient and efficient manner. It is used in various places such as shopping complexes, airports, municipal, and metro stations. Increase in disposable income of individuals, which in turn, rise in spending on food and beverages, which is expected to rise in demand for more reverse vending machine for waste collection effectively, which fuels the growth of the global reverse vending machine.
The global reverse vending machine market report offers the complete market share, size, and the growth rate of different segments at both the country and regional levels. It provides an in-depth study of the market subtleties such as the current trends, drivers, opportunities, and even the restraining factors. The report also highlights the qualitative aspects in the study. Additionally, the unit takes in the key findings, in terms of market overview and investment prospects. The market report also involves the competitive landscape containing the profiles of top ten major players in the industry. The frontrunners have been thoroughly assessed based on their revenue size, service/product portfolio, regional presence, key plans & policies, and overall contribution to the growth of the market.
global reverse vending machine market size was valued at $372.0 million in 2020, and is expected to reach $736.9 million by 2030, with a CAGR of 6.6% from 2021 to 2030.
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Covid-19 Scenario:
- Owing to temporary closure of manufacturing facilities and disruptions in the supply chain, the global reverse vending machine market has been negatively impacted, especially in the initial period of the pandemic.
- Unavailability of raw materials and shortage of skilled labor force was a major challenge, which is why, carrying out manufacturing in full capacity was impossible.
- The demand from applications sectors reduced significantly due to stoppage of new construction, deployment, and maintenance activities during the lockdown. However, the demand is expected to regain during the post-lockdown.
Major player such as Tomra Sorting GmbH, VendingBox, and others are engaged in offering reverse vending machine for non-refillable containers. For instance, Tomra Sorting GmbH offers T-63 TriSort reverse vending machine that can handle up to three material fractions. It is best suitable for accepting all volumes of non-refillable containers. It has features such as robust, high-end look, and energy efficient.
Report coverage & details:
| Report Coverage | Details |
| Market size available for the years | 2022-2031 |
| Base year considered | 2021 |
| Forecast period | 2022-2031 |
| Forecast unit | Value (USD) |
| Segments covered | Product TypeApplicationEnd User |
| Regions covered | North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Spain, Italy, and rest of Europe)Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific)LAMEA (Latin America, the Middle East, and Africa) |
| Companies covered | Sielaff GmbH & CO KG, Ake Environmental Technologies, Envipco Holding N.V., Endlos Innovations Private Limited, Tomra Sorting GmbH, Diebold Nixdorf, RVM Systems, Aco Recycling, Kansmacker Mfg, and Teraoka Seiko Co Ltd |
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Key Segments Covered
END USER
- Supermarkets
- Communities
- Utilities
BY CAPACITY
- Less Than 200 Cans
- 200-600 Cans
- More Than 600
Key Benefits For Stakeholders
The report provides an extensive analysis of the current and emerging global reverse vending machine market trends and dynamics.
In-depth market analysis is conducted by global reverse vending machine market estimations for the key market segments between 2020 and 2030.
Extensive analysis of the global reverse vending machine market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
The global reverse vending machine market forecast analysis from 2021 to 2030 is included in the report.
The key market players within market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global reverse vending machine industry.