Global Reverse Vending Machine Market Report to 2030 - Featuring Diebold Nixdorf, RVM Systems and Aco Recycling Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Reverse Vending Machine Market by Product Type, Capacity and End User: Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

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 is a device which uses beverages containers and provides money to users. Reverse vending machine is used to identify, sort, and collect used beverages containers. Reverse vending machine consists of UPC scanner, QR code scanner, receiver aperture, and a crusher. It is a horizontal feed system which allows users to insert containers, and cans into recycling machine. Reverse vending machine is used in landfill centers, supermarkets, airports, metro bus stations, and railway stations.

A rise in urbanization among various countries such as India, China, Africa, and others, which in turn, increase in huge amount of waste generated. This is expected to rise in demand for reverse vending machine for efficient waste management, which fuels the growth of the reverse vending machine market. For instance, urbanization in India grew by 2.7% from 2018 to 2020. In addition, rise in environmental awareness has led to increase in planned collection and disposal of waste. Further, owing to harm done on human health as well as increase in pollution of illegal waste dumping has compelled governments to bring strict laws on illegal dumping of waste on land as well as in oceans, which in turn, rise in demand for reverse vending machine, drive the growth of the reverse vending machine market.

However, fluctuations in raw material prices, and high cost of reverse vending machines, are anticipated to be restraints for the growth of the global reverse vending machine market. Furthermore, technological innovation in the reverse vending machines, are anticipated to provides 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 multifunction. 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.

Region wise, the global reverse vending machine market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, 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.

Key Benefits

• 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 market

Market Dynamics

Drivers

• Increase in amount of waste generated
• Rise in environmental awareness
• Government regulations toward illegal dumping

Restraints

• Fluctuation in raw material prices
• High Cost of Reverse Vending Machine

Opportunity

• Technological advancement in reverse vending machine

Market Segments

By Product Type

• Non-refillable
• Refillable
• Multifunctional

By Capacity

• Less Than 200 Cans
• 200-600 Cans
• More Than 600 Can

By End-user

• Supermarkets
• Communities
• Utilities

By Region

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• Italy
• France
• Spain
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Rest of Asia-Pacific
• LAMEA
• Latin America
• Middle East
• Africa

Key Players

• 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
• Teraoka Seiko Co Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/betq3y