Global Reverse Vending Machine Market Insights and Forecast to 2028

Reverse Vending Machine Market Statistics 2028

Due to the COVID-19 pandemic, the global Reverse Vending Machine market size is estimated to be worth US$ 278.2 million in 2021 and is forecast to a readjusted size of US$ 340.6 million by 2028 with a CAGR of 2.9% during the forecast period 2022-2028. Key drivers of the reverse vending machine market include the increasing demand for recycling projects and growing environmental consciousness. 

Favorable government initiatives and the need to curb the dumping of waste will foster the growth of the reverse vending machine market in the forthcoming years. 

Reverse Vending Machine Market Trends

Booming recycling projects

Improving the efficiency of recycling processes is paramount for environmental conservation and to fight the consequences of global warming. Recycling mandates have increased the popularity of reverse vending machines in public areas, supermarkets, and other common amusement areas. This will drive the growth of the reverse vending machine market in the forthcoming years. The recyclable bottle or the item is compacted and sorted as per the label and brand specifications. It is crushed and put into the right storage location and after processing the machine gives out cash or coupons to the customers. These machines are getting deployed across the world in order to encourage recycling and gain awareness of the situation. Beverage bottles are sorted as per the materials so that they can be reused for making new containers. This improves the environmental quality due to the use of recycled materials and no new raw materials are added to the production of containers. RVMs are conveniently placed in gas stations, schools, colleges, parks, and near offices and are easily accessible to any user. These RVMs are incentive-driven devices that ultimately benefit both the surroundings and the end recycler. 

Favorable government policies

Waste management has turned out to be a severe problem. The expanding global population and rising consumerism are generating huge quantities of waste every year. The excess accumulation in landfills is harmful both to the environment and human beings. The toxic fumes are released into the atmosphere which exacerbates the issue of climate change. Under such circumstances, government authorities worldwide have come up with strict environmental policies to facilitate recycling. For instance, Glasgow airport launched reverse vending machines for recycling plastic bottles, cans, and other stuff. This will bolster the growth of the reverse vending machine market in the forthcoming years. 

Reverse Vending Machine Market Share Analysis

Based on type, the non-refillable type is the largest segment in the reverse vending machine market share with 60% penetration. 

Based on application, the supermarket segment will witness considerable growth in the reverse vending machine market share during the forecast period. 

Based on region, Europe is the largest market with a share of 80% due to the development of innovative resource recycling projects and increasing focus on environmental conservation. While China and North America are the second largest both having a share of 8%. 

• Non-Refillable Type
• Refillable Type
• Multifunction Type

• Supermarkets
• Community
• Utilities

• Tomra
• Diebold Nixdorf
• Sielaff
• Incom recycle
• Envipco
• Trautwein SB Technik Gmbh
• RVM Systems AS
• Kansmacker

• North America
• Europe
• China

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Asia-Pacific
• China
• Japan
• South Korea
• India
• Australia
• Taiwan
• Indonesia
• Thailand
• Malaysia
• Philippines
• Vietnam
• Latin America
• Mexico
• Brazil
• Argentina
• Middle East & Africa
• Turkey
• Saudi Arabia
• U.A.E