Global Reverse Vending Machines Market By Product Type (Refillable Type, Non-Refillable Type, Multifunction Type), By Application (Supermarkets, Community, Utilities) and By Regions - Global Forecast to 2030

“Global Reverse Vending Machines Market” is the title of a recently published market report compiled by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global reverse vending machines market has been segmented on the basis of application, product type, as well as regions and countries.

The Global Reverse Vending Machines Market was valued at UЅD $355.4 Мn in 2020, and is projected to achieve a valuation of UЅD $875.3 Мn by 2030, at a САGR of 10.7%.

Overview:

A reverse vending machine is a device that accepts used beverage containers and returns money to the user. The machines are popular in places that have mandatory recycling laws or container deposit legislation.

Dynamics:

Increasing awareness among individuals concerning the significantly negative impact that improper disposal of non-degradable waste has on the environment, as well as the general need to lower our collective carbon footprint are some of the primary factors that are expected to boost the revenue growth of the global reverse vending machines market over the next decade. Moreover, the number of recycling projects being undertaken across the globe is also a factor that is expected to further augment the market growth of this global industry in the years to come.

Furthermore, the steady increase in the number of favorable initiatives being rolled-out by respective governing bodies in both the developed and emerging economies of the world is also a significant factor that is slated to have a positive influence on the revenue growth of the global reverse vending machines market in the foreseeable future.

However, in light of the recent COVID-19 outbreak, the operations of numerous industries have either been temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global reverse vending machines market is no different, and this factor is anticipated to have a significantly negative impact on the revenue growth of this industry. Additionally, the high costs associated with the installation and maintenance of these machines is also a factor that may hamper the revenue growth of the global reverse vending machines market over the course of this forecast period.

Nonetheless, the growing demand for these machines, especially in developing nations across the world is a major factor that is anticipated to have a profound impact on the revenue growth of the global reverse vending machines market in the coming years.

Segmentation of the Global Reverse Vending Machines Market is as follows:

In terms of product type, the non-refillable type segment accounted for the maximum number of revenue shares of the global reverse vending machines market in 2020, and is expected to continue doing so over the forecast period. However, the refillable type segment is anticipated to index the highest CAGR over the next 10 years.

On the basis of application, the supermarkets segment accounted for the maximum number of revenue shares of the global reverse vending machines market in 2020, and this segment is slated to continue to do so over the next 10 years. The utilities segment is also expected to register a high CAGR over the forecast period.

Regional Segmentation and Analysis:

North America accounted for the maximum number of revenue shares of the global reverse vending machines market in 2020, and is indicative of retaining its respective market position over the next decade. The markets in Europe are also anticipated to index a high CAGR over the course of the forecast period.

Segmentation of the Global Reverse Vending Machines Market:

Segmentation by Product Type:

• Refillable Type
• Non-Refillable Type
• Multifunction Type

Segmentation by Application:

• Supermarkets
• Community
• Utilities

Segmentation by Regions:

• North America
• Europe
• APAC
• South America
• MEA