According to the research report titled ‘Global Reverse Vending Machine (RVM) Market - Analysis By Type (Refillable, Non-Refillable, Multifunction), End User, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2026)’, available with MarketStudyReport, global reverse vending machine market was valued at USD 355.32 million in the year 2020 and is expected to rise exponentially during the period 2021-2026.
 

Increased consumer spending on reducing landfills, heavy emphasis on environment protection, and rising demand for recycling projects are propelling the growth of global reverse vending machine (RVM) market.
 

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/3208036/
 

Additionally, growing concerns regarding plastic pollution and waste from single-use beverages coupled with the need for enterprises to come up with innovative ways to reuse plastic bottles are garnering lucrative opportunities for businesses in this line of work.
 

During the COVID-19 pandemic, corporations were severely affected due to temporary shutdowns, industry closures, and shifts in product demand, which disrupted supply chain activities. The virus outbreak sent shockwaves through the recycling sector given the reduction in material recovery and processing, which hampered the development of the overall industry.
 

Based on end-user spectrum, the supermarkets segment of worldwide reverse vending machine (RVM) industry is anticipated to generate the maximum share during the projected timeline, owing to rising product demand in countries with stringent recycling rules and regulations.
 

In terms of type, the non-refillable machine segment is likely to account for a significant share during the forecast period, due to increased demand for convenience products, threats surrounding non-decomposable waste bottles, combined with the adoption of healthy lifestyle among people.
 

From a regional standpoint, Europe market is poised to witness remarkable growth during the period 2021-2026, because of innovation & development of recycling projects, coupled with increased emphasis on environment protection in the region.
 

The competitive landscape of global reverse vending machine (RVM) market is defined by companies such as UNISAN Limited, RVM Systems AS, Envipco Holding NV, Teraoka Seiko Co., Ltd, Diebold Nixdorf Inc., TOMRA Group, and Averda Holdings International Limited among others.