Top Driving Factors of Reverse Vending Machine Industry to Reach $736.9 Million by 2030, with a CAGR of 6.6%

reverse vending machine market has witnessed significant growth in the past decade, owing to rise in amount of waste generated.

PORTLAND, UNITED STATES, August 31, 2023/EINPresswire.com/ — Global Reverse Vending Machine Market: Industry Future Scope, Size, Share, and Forecast 2021 – 2030

The reverse vending machine market research report outlines the competitive landscape of the industry to help the key market players increase their shares and stay competitive in the industry. The report offers a wide range of market forecasts for market size, outcome, revenue, consumption, CAGR, gross margin, price, and other crucial variables. It is formed using the top primary and secondary research techniques and resources available in the field. It contains many research studies, including ones on market dynamics, production and consumption analysis, pricing analysis, company profiling, and manufacturing cost analysis.

According to a new report published by Allied Market Research, titled, “Global Reverse Vending Machine Market by Product Type, Capacity, End User, and Region: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The 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.

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In addition, the report focuses on the growth prospects, restraints, and trends of global reverse vending machine market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of the buyers in the global USB cable industry.

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.

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The Global Reverse Vending Machine Market Segments –

By Product Type:

non-refillable,

Refillable

multifunctional.

The non-refillable segment generated the highest revenue in 2020.

By Capacity

less than 200 cans

200-300 cans

300-600 cans

more than 600 cans.

The more Than 600 cans segment dominated the market in 2020

By End User:

supermarkets

communities

utilities.

The supermarket segment generated the highest revenue in 2020.

By Region:

North America (the U.S., Canada, Mexico),

Europe (the UK, Spain, France, Italy, Germany, and the rest of Europe),

Asia-Pacific (India, Japan, China, Australia, South Korea, and the rest of Asia-Pacific),

LAMEA (the Middle East, Latin America, and Africa).

Asia-Pacific was the highest contributor to the global reverse vending machine market share and is anticipated to secure a leading position during the forecast period.

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Competitive Analysis of Global Reverse Vending Machine Market –

The key players operating in the global reverse vending machine industry include 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. Allied Market Research 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 domains.

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