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Reverse Vending Machine Market is predicted to reach USD 0.65 billion at a CAGR of 5.5% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Reverse Vending Machine Market”.


The reverse vending machine market is estimated to register a CAGR of 5.5% during the forecast period of 2023 to 2032.


MRFR recognizes the following companies as the key players in the reverse vending machine market— TOMRA System ASA, Aco Recycling, ENVIPCO, Veolia, RVM Systems., Endlos, Sielaff GmbH, AKE Environmental, Incom Recycle Co.,Ltd, and Kansmacker Mfg.


Market Highlights


The reverse vending machine market is estimated to register a CAGR of 5.5% during the forecast period and is estimated to reach USD 0.65 Billion by 2032.


The reverse vending machine market is being driven by the increasing amount of waste being produced globally. As the world becomes more urbanized, and consumption patterns change, the volume of waste generated has increased exponentially. The demand for reverse vending machines to collect and dispose of waste is expected to increase due to the expansion of the food and beverage industries around the world, which is anticipated to result in a rise in the amount of waste produced by the population. According to the World Economic Forum, 400 million tonnes of plastic garbage are created globally each year. In the United States, 40 million tonnes of plastic garbage were generated in 2021, with just 5.0% to 6.0%, or approximately two million tonnes, recycled. In 2020, the total bottle recycling rate was 27.2%, down from 28.7% in 2019. 


Every hour, approximately 2.5 million plastic bottles and 110 million glass bottles are discarded in the United States. Thus, demand for reverse vending machines to recycle various types of bottle waste is increasing throughout the region. Also, rising environmental awareness is driving the Reverse Vending Machine Market due to the increasing need for effective waste management and recycling. With the growing concern for environmental sustainability, many countries have implemented laws and regulations to promote the use of RVMs. The rise in urbanization and changing lifestyles have also contributed to the growth of the RVM market. The market has also witnessed technological advancements, including the incorporation of IoT and artificial intelligence, leading to improved efficiency and convenience. As a result, the RVM market is expected to continue to grow.


Segment Analysis


The reverse vending machine market has been segmented based on product type, capacity, and application.


On the basis of product type, the market is segmented into metal recycling machines, glass recycling machine, plastic recycling machine, and hybrid recycling machine. The plastic recycling machine segment dominated the global market in 2022.This is due to these machines being an effective way to incentivize recycling and reduce the amount of waste that ends up in landfills or the environment. When it comes to plastics recycling in reverse vending machines, the process is straightforward. The user simply inserts their used plastic bottle into the machine, which then scans and verifies the material before accepting it. The machine then crushes the bottle and stores it for later transport to a recycling facility. The collected plastic is typically recycled into new products, such as packaging materials or textiles.


Based on capacity, the reverse vending machine market has been segmented into Less than 300 bottles/Cans, 300 to 700 bottles/Cans, and More than 700 bottles/Cans. The 300 to 700 bottles/Cans segment accounted for the largest share in the global market in 2022. RVMs with a capacity of 300 to 700 bottles/cans are ideal for medium-sized businesses or public areas such as bus stands or transit stations, parks, and colleges. These machines are easy to use, with a simple touch screen interface that guides users through the recycling process.


Based on application, the reverse vending machine market has been segmented into railway stations, airports, supermarkets, tourist places, shopping malls, and others (bus stand, institutes, offices etc.). The tourist places accounted for the largest market share in 2022. Reverse vending machines can be a useful addition to tourist places as they encourage visitors to dispose of their waste responsibly. RVMs operate by accepting used cans, bottles, or other recyclable materials and dispensing a reward.  In tourist places, RVMs can help reduce litter and promote a cleaner environment, as visitors are more likely to recycle when there are convenient and accessible options available.


Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Global Reverse Vending Machine Market Report


Regional Analysis


The reverse vending machine market, based on region, has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America consists of US, Canada, and Mexico. The Europe reverse vending machine market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The reverse vending machine market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Middle East & Africa reverse vending machine market consists of Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa. The reverse vending machine market in South America has been segmented into Brazil, Argentina, and Rest of South America.


The largest market share for the reverse vending machine market was maintained by the Asia Pacific regional sector. The Asia Pacific region is home to some of the world's largest and fastest-growing economies and has a large and rapidly expanding consumer market. This presents a significant opportunity for RVM manufacturers and operators to tap into the growing demand for sustainable and environmentally friendly products and services. China is expected to be the largest market for RVMs in the region, due to its large population and significant environmental challenges.


Moreover, the Europe market has been persistently growing over the forecast period. The RVM market in Europe is primarily driven by government initiatives and regulations aimed at reducing waste and promoting recycling. Several European countries have implemented deposit-return schemes, which require consumers to pay a deposit on beverage containers and receive a refund when they return them to RVMs. For example, Norway, Germany, and the Netherlands have highly successful deposit-return schemes. In Netherlands, there are over 20,000 RVMs installed across the country, and the government aims to achieve a 90% recycling rate for plastic bottles by 2025.


Additionally, North America is one of the most prominent regions in the reverse vending machine market in 2022. One of the most significant developments in RVMs in North America has been the introduction of a bottle deposit system in several US states and Canadian provinces. Under these systems, consumers pay a small deposit when purchasing a beverage container, which they can reclaim by returning the container to an RVM. This system has been successful in encouraging consumers to recycle and has led to the widespread installation of RVMs in these regions.


The Middle East & Africa market has been persistently growing over the forecast period. Many countries in the region have implemented policies and laws that mandate the collection and recycling of used beverage containers. For example, Saudi Arabia has set a target of recycling 28% of its municipal solid waste by 2025, and the United Arab Emirates has a national waste management strategy that aims to divert 75% of waste from landfills.


Furthermore, The South America’s reverse vending machine market is anticipated the market growth. The market is driven by government initiatives and environmental regulations, as well as by consumer awareness and demand for sustainable solutions. Companies in the market, offering advanced technologies and solutions for recycling and waste management.


Key Findings of the Study



  • The Reverse Vending Machine Market is expected to reach USD 0.65 Billion by 2032, at a CAGR of 5.5% during the forecast period.

  • The Asia Pacific region accounted for the fastest-growing global market due to its large population and significant environmental challenges.

  • Based on application, the tourist places were attributed to holding the largest market in 2022.

  • TOMRA System ASA, Aco Recycling, ENVIPCO, Veolia, RVM Systems., Endlos, Sielaff GmbH, AKE Environmental, Incom Recycle Co.,Ltd, and Kansmacker Mfg are key market players.

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Companies Covered 15
Pages 128
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