Reverse Vending Machine Market Analysis

Global Reverse Vending Machine Market Overview

The reverse vending machine market (RVM) is projected to grow from USD 0.40 Billion in 2023 to USD 0.65 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.5% during the forecast period (2024 - 2032). Reverse vending machine market size was valued at USD 0.38 billion in 2022. In the amount of waste produced and rise in environmental awareness are driving the market growth.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Reverse vending machine market trends

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  Increase in the amount of waste produced and rise in environmental awareness are driving the market growth.

  
  

The demand for reverse vending machines (RVMs) 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 tons of plastic garbage are created globally each year. In the United States, 40 million tons of plastic garbage were generated in 2021, with just 5.0% to 6.0%, or approximately two million tons, 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 several 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.

Further, rising environmental awareness is driving theReverse vending machines Market for bottle recycling due to the increasing need for effective waste management and recycling. RVMs are automated machines that collect, sort, and process used beverage containers, such as plastic bottles and aluminum cans, for recycling. The machines incentivize people to recycle by providing a deposit refund for each container deposited. This encourages individuals to recycle and reduces littering, thus helping to create a more sustainable environment. 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, which is boosting the growth of the Reverse Vending Machine Market.

Reverse vending machine market segment insights:

Reverse vending machine market product types insights

The reverse vending machine market segmentation is bifurcated into Metal recycling machine, Glass recycling machine, Plastic recycling machine, and Hybrid recycling machine. The plastic recycling machine segment held the majority share in 2022 contributing to significant percentage respect to the Reverse vending machines Market for bottle recycling revenue. Metal recycling machines are expected to exhibit the highest CAGR during the forecast period. Plastic recycling machines are 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 (RVMs), 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. Metal recycling through reverse vending machines is an innovative way to encourage recycling and reduce waste. These machines are designed bottles and used beverage containers, such as aluminum and other metal cans and bottles, and give users a refund in exchange for their recycling efforts.

Figure 1: Reverse Vending Machine Market, By Product Types, 2023 & 2032 (Usd Billion)Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Reverse vending machine capacity insights

The reverse vending machine market segmentation, based on capacity, includes Less than 300 bottles/Cans, 300 to 700 bottles/Cans, and more than 700 bottles/Cans. The 300 to 700 bottles/Cans held the majority share in 2022 contributing 38% respect to the Smart Reverse Vending Machine Market revenue. More than 700 bottles/Cans segment is expected to exhibit the highest CAGR during the forecast period. A reverse recycling vending machine with a capacity of 300 to 700 bottles/cans is a type of recycling machine that accepts moderate amount empty beverage containers. These machines use advanced technology to scan, sort, and compact empty containers, making them more efficient than traditional recycling methods. 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. a capacity of less than 300 bottles/cans is a smaller version of the standard machines that are used for recycling. These machines are ideal for locations where space is limited, and there is a lower volume of bottles/cans to be recycled. While these machines have a smaller capacity, they can still make a significant impact on reducing waste and promoting sustainability in smaller communities, such as in small offices, schools, cafes, or retail shops. A capacity of more than 700 bottles/cans is a large-capacity recycling machine designed to manage a high volume of beverage containers. RVMs with a capacity of more than 700 bottles/cans are ideal for high-traffic areas such as supermarkets, airports, railway stations, tourist places, and shopping malls, where a significant amount of recyclable material is generated.

Reverse vending machine application insights

The reverse vending machine market segmentation, based on application, includes railway stations, airports, supermarkets, tourist places, shopping malls and others. The tourist places held the majority share in 2022 of the Smart Reverse Vending Machine Market revenue. The railway station’s segment is expected to exhibit the highest CAGR during the forecast period. Reverse recycling 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. Installing RVMs in railway stations could be a wonderful way to promote recycling and sustainability. Passengers can deposit empty beverage containers into the RVM and receive a reward in the form of cash or vouchers. The RVM can then sort and process the materials for recycling, reducing the amount of waste sent to landfills. This initiative can also help to keep railway stations cleaner and more organized by providing a designated place for passengers to dispose of their waste. Reverse recycling vending machines are automated recycling machines that can be placed at the entrance or exit to encourage customers to recycle their empty bottles or cans. This can not only help reduce waste and promote environmental sustainability but also create a positive image for the supermarket as a socially responsible business.

Reverse vending machine market regional insights

By Region, the study segments the market into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific accounted for the largest market share of 33% in 2022. It is expected to register significant growth during the forecast period. The Asia Pacific region is home to some of the world's largest and fastest-growing economies, including China, India, and Japan, 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.

The European region is expected to witness the highest growth in the Reverse Vending Machine Market due to the increasing number of manufacturing industries. 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 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.

Further, the Germany Reverse Vending Machine Market held a significant market share, and the UK Reverse Vending Machine Market was the fastest-growing market in the European region.

Figure 2: Reverse Vending Machine Market Share By Region 2022 & 2032Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Further, the major countries studied are US, Canada, Mexico France, Italy, Spain, Japan, India, Australia, South Korea, and Brazil.

Reverse vending machine key market players & competitive insights

Major reverse vending machine companies are spending a lot of money on R&D to increase their product lines, which will help the Reverse Vending Machine Industry grow even more. Market participants are also expanding their global footprint through a variety of strategic activities such as new product releases, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other companies. Reverse Vending Machine’ competitors must offer cost-effective things in order to flourish and thrive in an increasingly competitive and rising market climate.

One of the primary business strategies adopted by manufacturers in the Reverse Vending Machine industry to benefit clients and expand the Smart Reverse Vending Machine Market sector is to manufacture locally to reduce operating costs.

Key companies in the reverse vending machine market include.

• TOMRA System ASA


• ACO Recycling


• ENVIPCO


• Veolia


• RVM Systems.


• Endlos


• Sielaff GmbH


• AKE Environmental


• Incom Recycle Co.,Ltd


• Kansmacker Mfg

Reverse vending machine industry developments

• In August 2022, TOMRA M1, the smallest three-material reverse vending machine, was introduced by Tomra Systems ASA. TOMRA M1 requires only 0.62 square meters of floor space, allowing smaller stores to participate in deposit return schemes and recycle. This company is heavily focused on providing economical and tiny RVM that is appropriate for convenience/small retailers.


• In November 2021, The G-1 Smart Reverse Vending Machine was introduced by Aco Recycling. This Al-powered machine can effortlessly recycle plastic, glass, and aluminum waste. It offers the user a remote monitoring solution.


• In June 2021, EcoVend Reverse Vending installed its new RVM 400 reverse vending machines in one of Portugal's leading supermarkets. Plastic bottles are accepted by the RVM 400. In addition, on August 2021, the firm unveiled a new RVM 400 reverse vending machine with improved speech and touchless control features, as well as a huge advertising screen.

Reverse Vending Machine Market Segmentation

Reverse Vending Machine Market Product Types Outlook

• Metal recycling machine


• Glass recycling machine


• Plastic recycling machine


• Hybrid recycling machine

Reverse Vending Machine Market Capacity Outlook

• Less than 300 bottles/Cans


• 300 to 700 bottles/Cans


• More than 700 bottles/Cans

Reverse Vending Machine Market Application Outlook

• Railway Station


• Airports


• Supermarkets


• Tourist Places


• Shopping Malls


• Others (Bus stand, Institutes, Offices etc.)

Reverse Vending Machine Regional Outlook

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  North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


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  Europe
  
  
  
  • UK      
  
  
  • Germany
  
  
  • France
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest Of Europe
  
  
  
  


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  Asia-Pacific
  
  
  
  • China
  
  
  • India
  
  
  • Japan
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


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  Middle East and Africa
  
  
  
  • Saudi Arabia
  
  
  • South Africa
  
  
  • UAE
  
  
  • Rest of Middle East & Africa
  
  
  
  


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  South America
  
  
  
  • Brazil
  
  
  • Argentina
  
  
  • Rest of South America