For a long time, the cure for diabetes type 1 and type 2 has relied on agonizing insulin shots for patients or insulin infusion via mechanical pumps. Regarding this, experts have been creating artificial pancreatic beta cells with the he…
A reverse vending machine is a device that accepts used (empty) beverage containers and returns money to the user. The machines are popular in places that have mandatory recycling laws or container deposit legislation. In some places, bottlers paid funds into a centralized pool to be disbursed to people who recycled the containers. Any excess funds were to be used for general environmental cleanup.
Scope of the Report:
Popularly known as RVMs, reverse vending machine is a device that accepts used (empty) beverage containers and returns money to the user. The machines are popular in places that have mandatory recycling laws or container deposit legislation. In some places, bottlers paid funds into a centralized pool to be disbursed to people who recycled the containers. Any excess funds were to be used for general environmental cleanup.
RVMs are developed to recover and dispose recycled products more effectively and are used for cost effective waste recycling and disposal. Effectively, RVMs helps to reduce landfills, increase recycling rates, avoids using virgin material for new products, lowers greenhouse gas emissions, reduces water usage and creates jobs. Revenue growth of overall RVM market is being driven by new installations and servicing of old machines. The Utilities in most developed countries have passed laws to promote reduction, reuse and recycling of waste that have further contributed to RVMs demand. RVM companies operate with two different business models. One is a sales model, where machines are sold to the food retail stores and the other is through lease model in which RVM companies maintains ownership of the installed machines and receives payment based on the number of containers handled by the machines.
Innovation and development of resource recycling projects has led to the increasing demand for reverse vending machine. Increasing resource recycling projects across the globe, especially in the Asia-Pacific is another major factor, driving the growth of the reverse vending machine market during the forecast period.
With increased focus on environment protection, the reverse vending machine market is likely to witness a strong growth in coming years.
The worldwide market for Reverse Vending Machine is expected to grow at a CAGR of roughly 10.5% over the next five years, will reach 570 million US$ in 2024, from 310 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Reverse Vending Machine in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
- Tomra
- Incom recycle
- TRautwein SB Technik
- Diebold Nixdorf
- RVM Systems AS
- Envipco
- Kansmacker
Market Segment by Regions, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Refillable type
- Non-Refillable type
- Multifunction type
Market Segment by Applications, can be divided into
- Supermarkets
- Community
- Utilities
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Reverse Vending Machine product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Reverse Vending Machine, with price, sales, revenue and global market share of Reverse Vending Machine in 2017 and 2018.
Chapter 3, the Reverse Vending Machine competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Reverse Vending Machine breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Reverse Vending Machine market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Reverse Vending Machine sales channel, distributors, customers, research findings and conclusion, appendix and data source.