Reverse Vending Machine Market is expected to reach $736.9 million by 2030

global Reverse Vending Machine Industry Report 2020 is a professional and in-depth survey on the current state of the Reverse Vending Machine Market. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Reverse Vending Machine Market analysis is provided for the international market including development history, competitive landscape analysis, and major regions' development status

global reverse vending machine market size was valued at $0.37 billion in 2020, and is expected to reach $0.73 billion by 2030, with a CAGR of 6.6% from 2021 to 2030. In 2020, Asia-Pacific region dominated the global market, in terms of revenue, accounting for around half share of the global reverse vending machine.

Download PDF Sample Copy : https://www.alliedmarketresearch.com/request-sample/13149

A rise in amount of waste generated in the municipal, residential, and industrial sector, is projected to increase in demand for reverse vending machine for effective waste management, drive the growth of the global reverse vending machine market. For instance, in 2020, according to the World Bank Group 2.01 billion tons of waste generated globally with at least 33% of that waste, which is not treated effectively. In addition, rise in use of reverse vending machine for reduce waste, and reduce recycling waste, which fuels the growth of the market. Increase in awareness among population towards saving and protect environment, which provides supplements for the growth of the global reverse vending machine market. One of the important factor global reverse vending machine industry is new machine installation and servicing of older machines.
The global reverse vending machine market is segmented on the basis of product type, capacity, end user, and region. On the basis of product type, the market is divided into non-refillable, refillable, and multifunctional. Non-refillable segment generated the highest revenue in 2020. Based on capacity, the market is divided into less than 200 cans, 200-300 cans, 300-600 cans, and more than 600 cans. More than 600 cans segment dominated the market in 2020. On the basis of end user, the market is categorized into supermarkets, communities, and utilities. Supermarkets segment generated the highest revenue in 2020.

Interested in Procure Data? Visit: https://www.alliedmarketresearch.com/purchase-enquiry/13149

The report analyzes the global reverse vending machine market on the basis of product type, capacity, end user, and region. The product type covered in this report is metal recycling, plastic bottle recycling, and others. By capacity, the market is divided into less than 200 cans, 200-300 cans, 300-600 cans, and more than 600 cans. By end user, the market is divided into supermarkets, communities, and utilities. The market is driven by rise in environmental awareness has significantly fuels the demand for reverse vending machines for effective waste management, fuels the global reverse vending machine market growth.

Reverse vending machine is a device used to collect the empty food container, and beverage container for recycling. This machine typically gives back a refund to the end user. Reverse vending machine is used to accepting plastic bottles, drink box, food boxes, metal cans, and aluminum cans. Reverse vending machine used in various end users such as retail outlets, supermarkets, hospitality, and airports.

Get detailed COVID-19 impact analysis : https://www.alliedmarketresearch.com/request-for-customization/13149

Key Findings Of The Study
• The report provides an extensive analysis of the current and emerging global reverse vending machine market trends and dynamics.
• By product type, non-refillable segment dominated the market, in terms of revenue in 2020, and refillable segment is projected to grow at a CAGR of 6.9% during the forecast period.
• By capacity, more than 600 cans segment registered highest growth in the global reverse vending machine market share in 2020.
• By end user, supermarkets segment dominated the market, in terms of revenue in 2020, and communities segment is projected to grow at a significant CAGR of 7.2% during the forecast period.
• The report provides an extensive analysis of the trends and emerging opportunities of the market.
• In depth, the global reverse vending machine market analysis is conducted by constructing estimations for key segments between 2020 and 2030.

Competition Analysis
Sielaff GmbH & Co KG, Ake Environmental Technologies, Envipco Holding N.V., Endlos Innovations Private Limited, Tomra Sorting GmbH, Diebold Nixdorf, RVM Systems, Aco Recycling, Kansmacker Mfg, and Teraoka Seiko Co Ltd

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Contact Us:

David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285,
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com

This release was published on openPR.