Global Reverse Vending Machines Market is Poised to Reach US$ 766.89 Million by 2031, Growing at a CAGR of 7% over the Forecast Period (2023–2031)

Over the last ten years, controlling plastic wastes is a major challenge. Reverse vending machines are being considered as a potential solution to the pollution issue brought on by plastic products, particularly plastic bottles, which are frequently used to store cold drinks, fruit juices, etc. A strategy for green engineering technology is the reverse vending machine concept. The technology used in the reverse vending machine combines sensorics, LabVIEW programming, data gathering, and pneumatics. This machine is an inexpensive automatic device that reduces the size of the plastic bottle, needing less storage space for final disposal. When a plastic bottle is crushed for recycling, less energy is used in the process. A reverse vending machine (RVM) is a kind of vending machine that accepts empty packaging in exchange for money instead of accepting payment and distributing food and beverages. It accomplishes this by utilising integrated technology and sophisticated automation. When a suitable item is delivered to the machine, it gathers, sorts, compacts, and saves it for later retrieval. For use with reverse vending machines, metal cans, plastic bottles, and high-quality paper cups are all acceptable. Depending on the situation, this component of any reverse vending machine can be modified. Reverse vending machines, which take advantage of technological advancements, help to increase recycling rates. They not only help to properly separate waste at the source, but they may also be a useful tool for incentivizing customers to deposit their waste in these specially designed kiosks in order to achieve the goal of sustainable living on the planet. Thus, rising need for sustainability is propelling the growth of global reverse vending machines market.

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Government organizations are also using RVM at public places as a step in the right way for reducing waste and protecting environment even though it may not have a significant impact on revolutionising the recycling process. With the introduction of RVMs into more nations, convenience stores, and public spaces, it is expected in the upcoming years, that recyclable materials will be recycled more heavily, perpetually reused, and RVMs will significantly reduce waste. These factors and initiatives are driving the demand of global reverse vending machines market.

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Global Reverse Vending Machines Market Report Highlights

• Mostly because of their practicality and manufacturing flexibility, plastics have been employed in several applications for throwaway goods, high-end technological components, etc. However, their increased use has increased the global proportion of plastic wastes, which creates a serious environmental issue, thereby, creating a demand for plastic waste management techniques. There may possibly be new uses for this idea given the growth of RVMs globally. The RVM, for instance, is adjusting to gather new items like waste and textiles or to introduce new incentives. These modifications enable RVMs to recycle and minimise waste other than water bottles while encouraging users to recycle more. The average sorting efficiency of the designed RVM system was 94%, 95% for polyethylene terephthalate, and 98% for glass bottles.
• Asia Pacific region is anticipated to be the fastest growing region in the global reverse vending machines market during the forecast period 2023–2031. Asian countries have been facing major waste issues such as pollution, food waste, and plastic trash for many years, and in the last ten years, these issues have gotten worse. For producing trash, China and India have been in the forefront. Government organizations are now taking a number of actions to address the issue of waste production as a result of growing awareness. Reverse vending machines are increasingly used in public and business spaces to recycle garbage. Leading global reverse vending machines market participants are also eager to increase their presence in Asian nations. For instance, a Swedish vending machine manufacturer aims to establish their presence in Singapore to support the country’s future beverage container return programme. The business also plans to install a variety of its “reverse” vending machines, including those that can consume 100 containers at once. The reverse vending machines market in Asia Pacific is therefore anticipated to increase in the next few years as a result of such initiatives and mergers.

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List of Key Players of Global Reverse Vending Machines Market

• ACO RECYCLING
• CafeCrush Reverse Vending Machines
• DIGI Group
• EcoVend Reverse Vending
• Endlos
• Eurver srl
• INSENSIV
• Ombori
• ReAtmos
• Recyclever
• RVM Systems.
• Sielaff GmbH & Co. KG
• TOMRA System ASA
• Veolia
• zeleno
• Other Market Participants

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Global Reverse Vending Machines Market Segmentation

Absolute Markets Insights has segmented the global reverse vending machines market on the basis of type of recyclables, capacity, distribution channel, mounting type, end users and region:

Global Reverse Vending Machines Market Type of Recyclables Outlook (Revenue, USD Million, 2015–2031)

• Plastic
• Glass
• Metal
• Others

Global Reverse Vending Machines Market Capacity Outlook (Revenue, USD Million, 2015–2031)

• 1–200 bottles
• 201–400 bottles
• 401- 500 bottles
• >501 bottles

Global Reverse Vending Machines Market Distribution Channel Outlook (Revenue, USD Million, 2015–2031)

• Online
• Offline

Global Reverse Vending Machines Market Mounting Type Outlook (Revenue, USD Million, 2015–2031)

• Wall mounted
• Floor Mounted

Global Reverse Vending Machines Market End-user Outlook (Revenue, USD Million, 2015–2031)

• Railways and Metro Stations
• Airports
• Shopping malls
• Hypermarket and Supermarkets
• Educational Institutes and Campuses
• Corporate Offices
• Tourist attractions & resorts
• Municipal collection sites
• Others

Global Reverse Vending Machines Market Regional Outlook (Revenue, USD Million, 2015–2031)

• North America (U.S., Canada, Mexico, Rest of North America)
• Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
• Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
• Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
• Latin America (Brazil, Argentina, Rest of Latin America)

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