Global Reverse Vending Machine market will reach 685.1 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/19

The growing amount of waste that is not recycled is driving the global reverse vending machines market. The untreated waste that is adding to the landfills is expected to drive countries to install reverse vending machines in the near future. These machines simplify the process of manual recycling with automated systems that are designed to collect and sort items and dispense cash depending on the quantity. Efficient deployment of reverse vending machines is projected to reduce greenhouse emissions and cut down the usage of virgin materials. All of these factors are expected to propel the global reverse vending machines market. On the flip side, however, the global market will be restrained by the lack of awareness about these systems and insensitivity about growing garbage issue.

QY Research states that the reverse vending machine market was worth US$343.6 mn in 2018 and is expected to be worth US$685.1 mn by the end of 2025. The global market is expected to surge at a CAGR of 10.36% between 2018 and 2025.

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