Reverse Vending Machine Market Expected to Reach $0.73 Billion by 2030

According to a new report published by Allied Market Research, titled, “Global Reverse Vending Machine Market by Product Type, Capacity, End User, and Region: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The global reverse vending machine market size was valued at $0.37 billion in 2020, and is expected to reach $0.73 billion by 2030, with a CAGR of 6.6% from 2021 to 2030. In 2020, Asia-Pacific region dominated the global market, in terms of revenue, accounting for around half share of the global reverse vending machine.

The report analyzes the global reverse vending machine market on the basis of product type, capacity, end user, and region. The product type covered in this report is metal recycling, plastic bottle recycling, and others. By capacity, the market is divided into less than 200 cans, 200-300 cans, 300-600 cans, and more than 600 cans. By end user, the market is divided into supermarkets, communities, and utilities.  The market is driven by rise in environmental awareness has significantly fuels the demand for reverse vending machines for effective waste management, fuels the global reverse vending machine market growth.

Reverse vending machine is a device used to collect the empty food container, and beverage container for recycling. This machine typically gives back a refund to the end user. Reverse vending machine is used to accepting plastic bottles, drink box, food boxes, metal cans, and aluminum cans. Reverse vending machine used in various end users such as retail outlets, supermarkets, hospitality, and airports.

A rise in amount of waste generated in the municipal, residential, and industrial sector, is projected to increase in demand for reverse vending machine for effective waste management, drive the growth of the global reverse vending machine market. For instance, in 2020, according to the World Bank Group 2.01 billion tons of waste generated globally with at least 33% of that waste, which is not treated effectively. In addition, rise in use of reverse vending machine for reduce waste, and reduce recycling waste, which fuels the growth of the market. Increase in awareness among population towards saving and protect environment, which provides supplements for the growth of the global reverse vending machine market. One of the important factor global reverse vending machine industry is new machine installation and servicing of older machines.

Major players such as Teraoka Seiko Co Ltd, Tomra Sorting GmbH, and Aco Recycling are some of the players engaged in offering reverse vending machine to the market. For instance, Teraoka Seiko Co Ltd offers DRV-100 reverse vending machine. It is capable of accept PET plastic drink bottles. It is used for industries such as retail, food industry, logistics, and hospitality sectors. It has features such as easy to install, easy to operate, and higher storage capacity.

Various manufacturers in the global reverse vending machine manufacturers had to shut down their businesses activities due to the lockdown initiated in countries such as UAE, India, Brazil, and others. This break has directly impacted the sales of reverse vending machine manufacturing companies globally. In addition, lack of raw materials, disruption in the supply chain, and lack of manpower halted the supply chain of reverse vending machine. In addition, prolong lockdown implemented across various countries such as Brazil, Africa, Japan, and others, which directly impacted on the sales of global reverse vending machine.

For instance, the net sales of Diebold Nixdorf Inc based in U.S. dropped by 11.5% from 2019 to 2020. However, the re-initiation of the global reverse vending machine industry and availability of vaccines for coronavirus disease are projected to lead to the opening of the global reverse vending machine market at their full-scale capacities.

The global reverse vending machine market is segmented on the basis of product type, capacity, end user, and region. On the basis of product type, the market is divided into non-refillable, refillable, and multifunctional. Non-refillable segment generated the highest revenue in 2020. Based on capacity, the market is divided into less than 200 cans, 200-300 cans, 300-600 cans, and more than 600 cans. More than 600 cans segment dominated the market in 2020. On the basis of end user, the market is categorized into supermarkets, communities, and utilities. Supermarkets segment generated the highest revenue in 2020.

Key players profiled in this report include 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.

Key Findings Of The Study

• The report provides an extensive analysis of the current and emerging global reverse vending machine market trends and dynamics. 
• By product type, non-refillable segment dominated the market, in terms of revenue in 2020, and refillable segment is projected to grow at a CAGR of 6.9% during the forecast period.
• By capacity, more than 600 cans segment registered highest growth in the global reverse vending machine market share in 2020.
• By end user, supermarkets segment dominated the market, in terms of revenue in 2020, and communities segment is projected to grow at a significant CAGR of 7.2% during the forecast period.
• The report provides an extensive analysis of the trends and emerging opportunities of the market. 
• In depth, the global reverse vending machine market analysis is conducted by constructing estimations for key segments between 2020 and 2030.