Reverse Vending Machine Market will be valued at USD $ 527.18 Million by 2022| worldwide leading companies – Tomra, Incom recycle, TRautwein SB Technik, Diebold Nixdorf, RVM Systems AS, Envipco, Kansmacker
Latest Research Report On Reverse Vending Machine Market:
Global Reverse Vending Machine Market research report from Acquire Insights covers market overview. The Reverse Vending Machine market report studies pin-point analysis for changing competitive dynamics with respect to changing factors that drive or restrains market growth. The Reverse Vending Machine Market report is visualized t understand the market perspectives and opportunities where it has a scope to grow in the future. In a nutshell, the report breaks down the capability of the market in the present and future prospects from different edges in detail.
In this report, the reverse vending machine is expected to grow at a CAGR of 10.47% from 290.03 M USD in 2016 to reach 527.18 M USD by 2022 in the global market. 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. On the basis of product, the Reverse Vending Machine market is primarily split into Refillable type, Non-Refillable type, and Multifunction type, and the proportion of Non-Refillable type in 2016 was about 71.6%.
On the basis of applications, this report covers Supermarkets, Community and Utilities. The reverse vending machine is mainly used for supermarkets, Community, and Utilities. And Supermarket was the most widely used which takes up about 58.8% of the global market in 2016.