About Reverse Vending Machine
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.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 8.48% |
Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Reverse Vending Machine market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) and Kansmacker (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Kansmacker (United States) and Repant ASA (Norway).
Segmentation Overview
AMA Research has segmented the market of Global Reverse Vending Machine market by Type (Refillable type, Non-Refillable type and Multifunction type), Application (Supermarkets, Community and Utilities) and Region.
On the basis of Type, Refillable type are dominating the market in the year 2023 where as Multifunction type stood as second largest market share.
On the basis of application, Supermarkets segment is dominating the market in the year 2023 where as Utilities segment stood as second largest market .On the basis of geography, the market of Reverse Vending Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2023. North America, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
Influencing Trend:
Collaboration and Tie Up Of Leading Players and Rising demand of Reverse Vending Machine at Asia-Pacific Region.
Market Growth Drivers:
Increase Number of Reverse Vending Machine for Recycling Process. and Rapid Demand for Eco-Friendly Environment.
Challenges:
Limitation Due to Government Regulations are Anticipated to Challenge the Market. and Lack of Research & Development Leads to Threat the Market.
Restraints:
Vandalism of the Machines Hampers the Reverse Vending Machine Market. and Fraud and Hacking Cases of the Machine.
Opportunities:
Proliferation Of Refillable Machine Leads to Grow the Reverse Vending Machine Market. and Upsurge Demand Due to Technological Advancements in Vending Machines
In July 2019, Sainsbury's launched a "reverse" vending machines which is beneficial in providing cash for plastic bottle return scheme picks up steam.
“According to Turkey Chamber of Environmental Engineers, its has been announced that reverse vending machines will be put in shopping malls across Turkey by 2021 in order to facilitate more recycling and introduction of new regulations for packaging waste control.”
Analyst View
According to Analyst point of view, it has been observed that Reverse Vending Machine market is gradually rising due to some emerging players are enter into the market. These players are introduced latest automated vending machine with refillable containers for food & beverage industries for better cleaning and refilling, such type of implementation boost the market growth.
Key Target Audience
Reverse Vending Machine Manufacturers, Reverse Vending Machine Traders, End-Use Market Participants of Different Segments of Reverse Vending Machine, Government and Research Organizations, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.