REVERSE VENDING MACHINE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In March 2023, Alpla-Werke Alwin Lehner GmbH & Co KG, a global leader in the development and production of innovative plastic packaging solutions, announced its acquisition of a stake in Plastic Bank, a Canadian organization dedicated to reducing plastic waste and promoting recycling in developing countries.
• In August 2022, Tomra Systems ASA, a leader in reverse vending technology, launched the TOMRA M1, the smallest three-material reverse vending machine on the market. The TOMRA M1 occupies just 0.62 square meters of floor space, making it ideal for smaller retailers to engage in deposit return schemes and promote recycling. This compact machine is specifically designed to meet the needs of convenience and small stores, facilitating their participation in sustainability efforts.
• In November 2021, Aco Recycling, a specialist in reverse vending machines and advanced waste monitoring systems, unveiled the G-1 Smart Reverse Vending Machine. This AI-powered device simplifies the recycling of plastic, glass, and aluminum waste, while also providing users with a remote monitoring solution to track the machine's status.
• In June 2021, EcoVend Reverse Vending, a company specializing in innovative recycling solutions, installed its new RVM 400 reverse vending machines in one of Portugal's leading supermarkets, which accept plastic bottles for recycling. Following this, in August 2021, EcoVend introduced an upgraded version of the RVM 400, featuring enhanced speech and touchless control capabilities, along with a large advertising screen to engage users.