Global Reverse Vending Machine Market Analysis and Forecast 2019-2028

Dorinda25 Jul, 2023Other

The global reverse vending machine (RVM) market reached US$ 455 million in 2022 and is expected to grow at a CAGR of 5.5% over the forecast period of 2023-28. RVMs are specialized recycling equipment that accepts empty beverage bottles or cans in exchange for a reward or return for the customer. By providing a convenient and automated mechanism for collection, these devices are designed to promote and facilitate recycling.