#Global Reverse Vending Machine Market

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Reverse Vending Machine Market Poised to Grow at a Steady Pace Due to Rising Focus on Recycling

The reverse vending machine market is anticipated to witness high growth owing to rising focus on effective waste management and recycling across various countries. A reverse vending machine is an automated machine that accepts used containers like plastic bottles, aluminum cans, and returns money or a voucher to the user. It allows easy collection and sorting of recyclable materials like plastic, glass, aluminum, and ensures high recovery rates. The growing environmental concerns and strict norms regarding the disposal of waste have boosted the deployment of reverse vending machines globally.

The Global Reverse Vending Machine Market is estimated to be valued at USD 468.2 Mn in 2024 and is expected to reach USD 701.4 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.94% from 2024 to 2031.

Reverse vending machines simplify the recycling process and encourage consumers to recycle through incentives like cash rewards or loyalty points. They play a vital role in effective waste management by collecting and sorting materials according to their type for easy recycling. The increasing instances of single-use plastic ban across nations will also propel the demand for reverse vending machines to encourage recycling. Key Takeaways Key players operating in the reverse vending machine market are Aco Recycling, Ake Environmental Technologies, Diebold Nixdorf, Endlos Innovations Private Limited, Envipco Holding N.V., Kansmacker International, RVM Systems AS, Sielaff GmbH & Co. KG, Tomra Systems ASA, Teraoka Seiko Co. Ltd., Trautwein, Veolia, and Zeleno. Tomra Systems, a leading provider of sensor-based sorting solutions, has a strong presence in the reverse vending machine business and offers intelligent reverse vending machines for container recycling globally. Envipco operates in over 20 countries and provides customized reverse vending solutions to retailers and consumers. The recyclable packaging waste generated globally presents significant opportunities for Reverse Vending Machine Market Growth. According to estimates, more than 1.9 billion tons of recyclable waste is generated annually worldwide. Growing volumes of packaging waste coupled with regulations supporting its collection will drive the demand for reverse vending solutions. Major players are expanding their global footprint by offering customized reverse vending machines suitable for local recycling practices in different countries and regions. Market Drivers and Restraints Growing environmental regulations regarding plastic waste disposal is a key driver for the reverse vending machine market. Governments across countries are implementing strict norms to curb single-use plastics. For instance, the EU has imposed landfill and incineration bans on recyclable plastic packaging waste. This is anticipated to positively impact reverse vending machine demand. High initial investments associated with the procurement and installation of Reverse Vending Machine Companies can restrain market growth. Retrofitting and infrastructure upgrade requirements further add to the overall costs. Technical challenges during reverse vending machine operations related to material identification accuracy pose difficulties. This necessitates continual technology advancements to enrich sorting effectiveness and accuracy.

Segment Analysis The reverse vending machine market is dominated by the non-refundable segment as it accounts for the largest market share currently. This is due to the rising demand for effective recycling of PET bottles, aluminum cans, and other packaging that are non-refundable in nature. The non-refundable segment holds a significant portion of the total recyclable waste generated worldwide. Reverse vending machines facilitate the collection and recycling of non-refundable packaging items on a large scale at high volumes. Global Analysis The Europe region holds the largest share in the reverse vending machine market currently due to stringent regulations regarding waste collection and recycling. Countries like Germany, Norway, and Sweden have adopted reverse vending extensively to meet recycling targets. However, the Asia Pacific region is expected to witness the highest growth during the forecast period owing to rapid industrialization, rising environmental awareness, and implementation of regulatory policies in emerging economies such as India and China for effective waste management practices. The increasing focus toward reducing carbon footprint and promotion of circular economy initiatives will continue to drive the reverse vending machine market globally in the upcoming years.

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Retail Vending Machine Market Size, Share and Growth Opportunities to 2030

The global retail vending machine market size was valued at USD 51.91 billion in 2021 and is expected to register a compound annual growth rate (CAGR) of 10.7% from 2022 to 2030. 

Increasing demand for on-the-go snacks and beverages due to the hectic lifestyles of consumers is boosting product sales through vending machines. The industry growth can also be attributed to the ability of these machines to deliver goods quickly, making it an extremely convenient option for consumers. From offices to high-end restaurants and crowded bars to public places, accessing food & beverage items is made simple with a vending machine. This, in turn, is likely to drive their demand.

Gather more insights about the market drivers, restrains and growth of the Retail Vending Machine Market

The coronavirus pandemic has unfavorably influenced the consumer goods industry with lockdowns having an impact across the supply chain. The impact on food and beverage companies will likely be complex, influencing both the demand and supply. In contrast, a change in consumer behavior has been observed, generating demand for various consumer goods, wherein several consumers have switched between brands.

Simultaneously, manufacturers are deciding on how to handle potential disruption across the supply chain and are identifying areas to improve and meet consumer demand. Vending machine operators have witnessed the impact and a fall in revenue, especially in April 2020 as compared to 2019.

Sales through vending machines look promising as vending machines not just offer snacks and beverages but can also sell other consumables, such as cigarettes and lottery tickets. Hence, operators can generate significant revenue through these devices by strategically placing them in corporate buildings, schools, malls, train stations, and airports, among others. For instance, in August 2019, it was announced that over 1 million plastic bottles had been recycled through reverse vending machines in Iceland stores. The healthy lifestyle trend is becoming increasingly prominent across the globe on account of growing consumer awareness regarding healthy food and beverage options.

According to 2019 research by The Vending People, the sales of zero-sugar beverages surged by 38.2% from the first half of 2018 to the first half of 2019, in the U.K., while sales of high-sugar content beverages have seen the biggest drop. Sales of these drinks were down by 19.8% when compared to the same timespan the previous year. Low-calorie drinks outsold other beverages by 196%, showing that customers are looking for healthier alternatives.

Retail Vending Machine Market Segmentation

Grand View Research has segmented the global retail vending machine market report based on type, payment mode, application, and region:

Type Outlook (Revenue, USD Million, 2017 - 2030)

• Food

• Beverage

• Games/Amusement

• Tobacco

• Candy & Confectionery

• Beauty & Personal Care

• Ticket

• Others (Ice-cream Vending Machines, Pharmacy, Vending Machine, etc.)

Payment Mode Outlook (Revenue, USD Million, 2017 - 2030)

• Cash

• Cashless

Application Outlook (Revenue, USD Million, 2017 - 2030)

• Commercial Places

• Offices

• Public Places

• Others

Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

• Europe

• Asia Pacific

• Central & South America

• Middle East & Africa

Browse through Grand View Research's Electronic & Electrical Industry Research Reports.

• The global electronic soap dispenser market size was valued at USD 929.0 million in 2023 and is projected to grow at a CAGR of 7.4% from 2024 to 2030.

• The global smart toys market size was valued at USD 12.37 billion in 2023 and is expected to grow at a CAGR of 11.5% from 2024 to 2030.

Key Companies & Market Share Insights

Operators are adopting various strategies to maximize profit by being at the right location with the right products, sourcing products in bulk, investing in intelligent vending machines to gain consumer insights, and other ways. For instance, hot food and sandwich vending machines may do well in business environments, universities, and schools, while, in most public locations, hot drinks like coffee, tea, and hot chocolate have high demand. Industry players face intense competition from each other, as some of them operate at several locations and have large customer bases. The presence of many small-scale players is also leading to increased competition.

• In 2021, Coca-Cola Beverages Florida (Coke Florida) and Coca-Cola Co. teamed up to launch a new Reverse Vending Machine (RVM) at the University of Miami. The materials are crushed and sorted by type, then collected, treated, and prepared for re-use. The process ultimately reduces carbon emissions across the supply chain and supports Coca-Cola’s World Without Waste initiative to recycle a bottle or can sold by 2030

• In 2022, under the CSR initiative to curb carbon footprint, the Small Industries Development Bank of India (SIDBI) and the Dalit Indian Chamber of Commerce and Industries (DICCI) jointly announced the installation of 1,000 Plastic Reverse Vending Machines (RVMSs). The launch was announced under the ‘Swachh Delhi, Swavalambi Delhi’ initiative. The RVMs will be installed at as many public places like malls, metro stations, and parks as possible

• In 2021, the MENstruation Foundation, a nonprofit organization that fights “period poverty”, introduced a sanitary pad vending machine, the first in Africa. The pads are locally manufactured and compostable. The foundation says that it aims to reach at least 100 schools by 2022 and hopes to double that in the years to come. Support from the corporate sector-such as MTN, which has sponsored two machines-was crucial

Key players operating in the global retail vending machine market include:

• Azkoyen Group

• Cantaloupe Systems

• Westomatic Vending Services Limited

• Royal Vendors, Inc.

• Glory Ltd.

• Sanden Holding Corp.

• Seaga Manufacturing Inc.

• Orasesta S.p.A

• Sellmat s.r.l.

• Fuji Electric Co., Ltd.

Order a free sample PDF of the Retail Vending Machine Market Intelligence Study, published by Grand View Research. 

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Waste Management Equipment Know in Detail about the Global 5G Communication Market Analysis, Forecasts, and Overview and Market Development

The global waste management equipment market size was valued at $45,756.9 million in 2019, and is projected to reach $55,637.9 million by 2027, registering a CAGR of 4.1% from 2020 to 2027. Waste management equipment are used to transfer, collect, handle, and dispose waste in an effective manner. The waste recycling & sorting equipment are used to recycling or sorting waste materials. Waste management equipment are used to handle municipal, industrial, and hazardous waste properly.

The factors such as increase in urban population, surge in residential and non-residential construction, and rise in environmental awareness toward the industrial waste recycling drive the growth of the waste management equipment market. In addition, increase in urban population is expected to increase the amount of waste, which fuels the growth of the waste management equipment market. Further, according to the World Health Organization (WHO), the urban population globally is expected to grow by approximately 1.8% from 2015 to 2020. Moreover, an increase in environmental awareness toward industrial waste recycling is projected to cater to the growth of the global waste management equipment market.

The COVID-19 pandemic has forced many companies in the global waste management equipment market to halt their business operations to comply with new government regulations for curbing the spread of COVID-19. This stop in operations directly affects the sales of the global waste management equipment market. In addition, there is a shortage in raw material supply to the manufacturers of waste management equipment. Hence, stop in manufacturing activities and lockdowns for several months have affected the global waste management equipment market, with slow recovery anticipated during 2020–2027.

The waste recycling & soring equipment is sub-divided into conveyor systems, screeners, shredders, and others. The waste recycling sorting segment generated the highest revenue in 2019. Based on waste type, the market is divided into hazardous waste and non-hazardous waste. The hazardous waste segment is projected to grow at a significant CAGR during the forecast period. By application, the market is divided into industrial waste, municipal waste, and others. The industrial segment is projected to generate highest revenue during the study period. Region wise, the global waste management equipment market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Based on region, Asia-Pacific is expected to register fastest growth during the study period.

Competition Analysis

The key market players profiled in the waste management equipment industry report include Recycling Equipment Manufacturing, Inc, CP Manufacturing, Inc, Dover Corporation, Morita Holding Corporation, Tomra Systems ASA, Wastequip, LLC, Blue Group, KK Balers Ltd, Shred-Tech Corporation, and McNeilus Truck and Manufacturing, Inc.

The major players have adopted product launch as its key strategy to strengthen their market outreach and sustain the stiff competition in the market. For instance, in April 2020, HEIL, Inc, a subsidiary of Dover Corporation launched new HALF PACK Lowrider Front Loader. It is used to collect residential and commercial waste, and has a capacity of storing 4,150 pounds of waste material. Similarly, in February 2020, Torma Systems ASA launched new TORMA R1 Reverse Vending Machine in EuroShop Expo, Sweden. It has features such as recycling 100 empty drink containers at a time and is operated electronically.

Full Report With TOC:-https://www.alliedmarketresearch.com/waste-management-equipment-market-A07184

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The global reverse vending machine (RVM) market reached US$ 455 million in 2022 and is expected to grow at a CAGR of 5.5% over the forecast period of 2023-28. RVMs are specialized recycling equipment that accepts empty beverage bottles or cans in exchange for a reward or return for the customer. By providing a convenient and automated mechanism for collection, these devices are designed to promote and facilitate recycling.

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Reverse Vending Machine Market Share, Size, Growth, Demand, Shipment, Sales | Industry Report, Forecast 2025 The amount of untreated waste has increased at an alarming rate creating significant demand for various recycling solutions such as reverse vending machines.

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8 Best Upcoming Binance Listings To Invest In 2023

8 Best Upcoming Binance Listings To Invest In 2023

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Simply put, AiDoge has created an AI-centric ecosystem and token with multiple utilities. This makes this project well-positioned to grow in the global meme industry. The project began selling $AI tokens via its presale in late April 2023 - not so surprisingly, AiDoge has already raised over $4.3 million in just two weeks since it launched. 2. $SPONGE - Red Hot New Meme Coin Outperfoming Pepe Since Launch $SPONGE is a brand new meme coin that can claim to be the hottest token in the whole crypto world since it launched in early May.

The $SPONGE token has rapidly grown to see gains of more than 1,300% in less than a week, with 24-hour trading volume topping $100 million. 3. yPredict - AI and Machine Learning Ecosystem Built for Traders and Data Scientists yPredict seeks to unlock the power of AI for trading analysis and this new platform is designed to analyze market data, and generate predictions for cryptocurrencies. This way, yPredict allows users to make informed decisions on their crypto trading positions.

What makes yPredict unique is its prediction marketplace. yPredict is the first to allow AI data scientists to sell their prediction models. The models will be offered on a subscription basis, enabling AI developers to generate passive income. Crucially, these data models will be verified by yPredict's DAO. 4. Ecoterra - Innovative Recycle-to-Earn App With Attractive Rewards Ecoterra is a newly launched presale project focusing on sustainability that encourages users to take eco-friendly steps by rewarding them with cryptocurrencies. To facilitate this, the project has developed a new digital token, ECOTERRA.

One of the most attractive features of Ecoterra is its recycle-to-earn mechanism. The project has a network of reverse vending machines for recycling items like plastic, aluminium, and clothing. Before depositing items, users can scan the items via the Ecoterra app and receive rewards in ECOTERRA tokens. 5. Deelance - Blockchain-Based Ecosystem for the Gig Economy There is increasing demand for freelancing jobs globally and Deelance is building a revolutionary platform to capitalize on this sector. The platform will make it easy for freelancers to connect with clients. Crucially, the platform will integrate Web3 elements, including NFTs and a metaverse.

For instance, Deelance allows freelancers to sell their work as NFTs. This facilitates easy transfer of ownership. Similarly, the platform will handle payments via smart contracts, ensuring transparency and eliminating unnecessary disputes. Deelance will also develop a metaverse where users can rent office spaces and interact virtually. 6. Launchpad XYZ - One-Stop-Shop for Web3 Products and Investment Tools Launchpad XYZ is another new crypto project that fosters innovation and collaboration in the Web3 space. The project is building a full-fledged portal for Web3 enthusiasts. It also offers easy access to Web3 services and products, such as NFTs, DeFi tokens, and metaverses.

Launchpad XYZ comes with an assortment of features. This includes a Web3 wallet, an NFT finder, pre-launch crypto games, and a metaverse library. The platform will even allow users to mint fractionalized assets and utility tokens. Furthermore, Launchpad XYZ has also designed a unique 'Launchpad XYZ Quotient' to rank Web3 projects by risk-reward scores. 7. Tamadoge - Play-to-Earn Gaming Arcade Featuring Doge-Inspired NFTs Tamadoge was founded in mid-2022 and aims to dominate the play-to-earn gaming space. The project has built a blockchain-backed ecosystem focused on virtual pets. Players will have their own unique pet with varying traits, randomly generated as an NFT. This means that players own their virtual pets.

What’s more, players will see their pets grow by feeding and caring for them. This will also increase the pet’s traits, such as strength and speed. Players will earn the project’s native token, TAMA, by defeating other pets in virtual battles.

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Reverse Vending Machine Market to Scale New Heights as Market Players Focus on Innovations 2022 – 2027

Global Reverse Vending Machine Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, players market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions. Major Players in This Report Include:

Tomra Systems ASA (Norway)

Incom recycle (China)

TRautwein SB Technik (Germany)

Diebold Nixdorf (United States)

RVM Systems AS (Finland)

Envipco Holdings N.V (United States)

Kansmacker (United States)

Reverse vending machines are the devices that accept used beverage containers and return money to the user. These machines are installed at customer gathering places such as shopping malls, metro stations, and others. The Reverse Vending Machine market is expected to mark significant growth over the forecasted period owing to increasing consumer spending on reducing landfills, increases recycling rates applications, and lower down greenhouse emissions. With an increased focus on environmental protection, the reverse vending machine market is likely to witness strong growth in the coming years. Further, increasing demand for the intelligent PDU expected to drive the market growth over the forecasted period. Further, increasing demand for recycling projects expected to drive market growth over the forecasted period. The global reverse vending machines market was estimated to be around USD 258.8 million in 2019, according to the AMA study. Market Drivers Increase Number of Reverse Vending Machine for Recycling Process.

Rapid Demand for Eco-Friendly Environment.

Market Trend Collaboration and Tie Up Of Leading Players

Rising demand of Reverse Vending Machine at Asia-Pacific Region.

Opportunities Proliferation Of Refillable Machine Leads to Grow the Reverse Vending Machine Market.

Upsurge Demand Due to Technological Advancements in Vending Machines

Challenges Limitation Due to Government Regulations are Anticipated to Challenge the Market.

Lack of Research & Development Leads to Threat the Market.

The Reverse Vending Machine market study is being classified by Type (Refillable type, Non-Refillable type, Multifunction type), Application (Supermarkets, Community, Utilities) Presented By

AMA Research & Media LLP

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Africa Smart Vending Machine Market Trends, Insight, Outlook

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Africa smart vending machine market size to grow at an impressive CAGR of 13.6% during the forecast period between 2023 and 2029. Major growth factors for Africa smart vending machine market include increasing preference for cashless systems, rapid globalization alongside rising economic stability, an increase in retail outlets, rising adoption of reverse vending machines, rising demand for energy-efficient vending machines, rising profit margins, rising industrial development, and the need to complete faster and more efficient data processing are some of the major and significant factors that will accelerate the growth of cashless systems. On the other hand, an increasing number of government initiatives to encourage digitalization adoption, as well as rising investment levels for the development of internet of things infrastructure and various technological advancements, will contribute further by generating enormous opportunities that will fuel the growth of the smart vending machine market during the previously mentioned projected timeframe.

Africa Smart Vending Machine Market – Overview

When coins or tokens are inserted into a vending machine, it releases the items that are kept inside in exchange. A sophisticated vending machine known as a smart or intelligent vending machine engages customers through touch-screen controls, video, scent, audio, gesture-based interaction, and cashless payment in addition to dispensing goods. Typically, packaged food, beverages, and tobacco products are distributed by smart vending machines. The market for smart vending machines develops based on consumers' shifting preferences, inclinations, and fascination. The goal of manufacturers in the smart vending machine market is to create novel forms of machine-human interaction. This has led to the addition of new gesture-based technologies, touchscreen controls, video technologies, and cashless payment options. Smart vending machines, a growing platform for product promotion, are also focused on improving the overall dispensing experience.

Sample Request @ https://www.blueweaveconsulting.com/report/africa-smart-vending-machine-market/report-sample

Growth Drivers

New Public Transportation Options, Growing Tourism, Evolving Consumer Preferences

The evolving preferences, proclivities, and curiosity of consumers are what propel the development of the intelligent machine industry. Innovative approaches to human-machine interaction are what manufacturers of intelligent vending machines are aiming for. New gesture-based technology, touchscreen controls, video technologies, and a cashless payment system have all been made possible as a result. Smart vending machines are interested in enhancing the overall dispensing experience in addition to being an increasingly popular platform for product promotion. To improve commuters' travel experiences, smart vending machines are being installed in public transportation, including buses and trains. This is because there are more options for travel and commuter options, which helps the market for smart vending machines.

Challenge: Stringent Regulation and High Production Costs

Rising regulations governing the sale of snacks in public places, such as schools and a ban on potentially harmful confectionery items such as cigarettes and tobacco, are expected to limit the market growth. The cost of developing and deploying these devices has an impact on vendor interest.

Impact of COVID-19 on Africa smart vending machine Market

Due to the pandemic, business players must be more vigilant and forward-thinking to stay ahead of the competition. Significant changes in the supply chain for smart vending machines as a result of COVID-19, as well as changes in consumer behavior. Because the economic and social effects of COVID vary greatly between markets and countries, smart vending machine market participants are developing country-specific strategies.

Africa smart vending machine Market – By Technology

The Africa smart vending machine market is segmented by technology into Cashless Systems, Telemetry Systems, and Voice Recognition. The push for cashless payments significantly increases the use of intelligent vending machines. IoT network advancements have benefited the retail industry, opening up new opportunities for players in the intelligent vending machine market. The remote management of intelligent vending machines is a key proposition for retailers across the country.

Competitive Landscape

Major companies in Africa smart vending machine market include ECOM Agro-industrial Corporation Ltd, Automated Merchandising Systems, Fuji Oil Company, Ltd., Barry Callebaut AG, Olam International, and Cargill. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Africa smart vending machine market.

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Reverse Vending Machine Market is Booming Worldwide | Gaining Revolution In Eyes of Global Exposure

Latest business intelligence report released on Global Reverse Vending Machine Market, covers different industry elements and growth inclinations that helps in predicting market forecast. The report allows complete assessment of current and future scenario scaling top to bottom investigation about the market size, % share of key and emerging segment, major development, and technological advancements. Also, the statistical survey elaborates detailed commentary on changing market dynamics that includes market growth drivers, roadblocks and challenges, future opportunities, and influencing trends to better understand Reverse Vending Machine market outlook. List of Key Players Profiled in the study includes market overview, business strategies, financials, Development activities, Market Share and SWOT analysis are :

Tomra Systems ASA (Norway)

Incom recycle (China)

TRautwein SB Technik (Germany)

Diebold Nixdorf (United States)

RVM Systems AS (Finland)

Envipco Holdings N.V (United States)

Kansmacker (United States)

Reverse vending machines are the devices that accept used beverage containers and return money to the user. These machines are installed at customer gathering places such as shopping malls, metro stations, and others. The Reverse Vending Machine market is expected to mark significant growth over the forecasted period owing to increasing consumer spending on reducing landfills, increases recycling rates applications, and lower down greenhouse emissions. With an increased focus on environmental protection, the reverse vending machine market is likely to witness strong growth in the coming years. Further, increasing demand for the intelligent PDU expected to drive the market growth over the forecasted period. Further, increasing demand for recycling projects expected to drive market growth over the forecasted period. The global reverse vending machines market was estimated to be around USD 258.8 million in 2019, according to the AMA study. Key Market Trends: Collaboration and Tie Up Of Leading Players

Rising demand of Reverse Vending Machine at Asia-Pacific Region. Opportunities: Proliferation Of Refillable Machine Leads to Grow the Reverse Vending Machine Market.

Upsurge Demand Due to Technological Advancements in Vending Machines Market Growth Drivers: Increase Number of Reverse Vending Machine for Recycling Process.

Rapid Demand for Eco-Friendly Environment. Challenges: Limitation Due to Government Regulations are Anticipated to Challenge the Market.

Lack of Research & Development Leads to Threat the Market.

The Global Reverse Vending Machine Market segments and Market Data Break Down by Type (Refillable type, Non-Refillable type, Multifunction type), Application (Supermarkets, Community, Utilities)

Presented By

AMA Research & Media LLP

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Reverse Vending Machine Outlook, Geographical Segmentation, Industry Size & Share, Comprehensive Analysis to 2031

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.

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.

Full Report With TOC:-https://www.alliedmarketresearch.com/reverse-vending-machine-market-A12784