The 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.
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. For instance, the disposable income of South African population grew by 5.7% from 4th quarter (September-December) 2018 to 4th quarter (September-December) 2020.
The management of waste has emerged as a severe problem due to environmental policy, owing to massive quantities of waste generated every day due to growth in population. An increase in the urban population is expected to drive the global reverse vending machine market growth. For instance, by 2025, the urban population is expected to reach 4.3 billion, generating around 1.42 kg/capita/day of municipal solid waste, which is expected to rise in demand for reverse vending machines and fuels the growth of the global market.
A government initiative to launch reverse vending machine for airport, metro stations, and railway stations for effective waste management practices, which fuels the growth of the global reverse vending machine market. For instance, Glassglow Airport launched reverse vending machine for effective waste management. This machine can accepts 650 cans, and 320 plastic bottles, which offered by waste management partner company Biffa Plc.
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.
By Product Type
Refillable segment is projected to grow at a highest CAGR of 6.9%.
Growth in the foods & beverages industry across the globe, which is expected to rise increase the in amount of waste generated from population, is expected to propel demand for reverse vending machines for to collect and disposable of waste, fuels the growth of the global reverse vending machine market. For instance, the food & beverages industry globally is expected to grow at a rate of 48.1% from 2020 to 2022. However, fluctuation in raw material prices, and high cost of reverse vending machines, are anticipated to restraints for the growth of the global reverse vending machine. Contrary, technological advancements in reverse vending machines such as AI powered machine, touch screen panel, and others, are anticipated to provide lucrative opportunities for the growth of the global reverse vending machine market.
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.
By Capacity
More Than 600 Cans segment holds dominant position in 2020
Region wise, the global reverse vending machine market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (Spain, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the global reverse vending machine market share, and is anticipated to secure a leading position during the forecast period.
Competition Analysis:
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.
By Region
Asia-Pacific holds a dominant position in 2020 and LAMEA is expected to grow at a significant rate during the forecast period.
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.
Reverse Vending Machine Market Report Highlights
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Analyst Review
The global reverse vending machine market has witnessed huge demand in Asia-Pacific region followed by LAMEA & Europe. The highest share of the Asia-Pacific market is attributed to the increase in demand for reverse vending machine for effectively collect and recycle the waste collected from municipal and residential sectors.
The reverse vending machine market has witnessed significant growth over past few years, owing to rise in urban population. Moreover, the rise in amount of waste generated from sectors such as food & beverages, medical and healthcare sectors, drive the growth of the global reverse vending machine market. In addition, rising awareness about recycling machine and services among population globally, which fuels the growth of the reverse vending machine market. An increase in demand for reverse vending machines from commercial and municipal sectors such as supermarkets, airport stations, and metro stations globally is expected to provide the supplements for the growth of the global reverse vending machine market. Furthermore, a rise in environment related concerns fuels the growth of the reverse vending machine market.
However, fluctuation in raw material prices, and high cost of reverse vending machine, are anticipated to restraints for the growth of the global reverse vending machine market. Contrary, technological advancement in reverse vending machines such as AI powered machine, touch screen panel, and others, are anticipated to provide lucrative opportunities for the growth of the global reverse vending machine market.
The Global reverse vending machine market size was valued at $372.0 million in 2020
Based on product type, non-refillable segment holds the maximum market share of the Global reverse vending machine market in 2020.
The Global reverse vending machine market is projected to reach $736.9 million by 2030.
A rise in amount of waste generated across globally, which is the key trends in the reverse vending machine market.
The product launch is key growth strategy of Global reverse vending machine industry players.
The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
Fluctuation in raw material prices which effects for Global reverse vending machine market.
The application of reverse vending machine system includes supermarkets, communities, logistics, and retail sectors.
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