The global reverse vending machine sector was worth EUR 272.5 million in 2019. This is set to grow in the years ahead.
Analysts at Fior Markets expect the reverse vending machines market to exceed EUR 577.8 million by the end of 2027 – an annualised growth of 9.6% over the period.
The installation of reverse vending machines is increasing at a rapid pace worldwide. Such take-back stations have become commonplace at shopping centres, malls, subways, and in supermarkets. Around half (50.2%) are installed at supermarkets.
Reverse vending machines for non-refillables (bottles and cans) are expected to grow at the fastest rate, at around 10% per year, during the forecast period. Concerns about plastic waste is said to be driving market growth. ‘However, the high cost of these machines may hamper the market growth over the forecast period,’ the analysts note.
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