Paper shredders are meant to cut the papers either into fine particles or stripes. The three major categories of paper shredders include strip-cut, cross-cut, and micro-cut. The global paper shredder market is projected to grow at a moderate CAGR during the forecast period . The key factors that drive the growth of the market include the increasing need for the reduction of paper burning and protect the paper by cutting them either into fine particles or stripes. Confidential documents and sensitive papers such as employee data, salary details, medical records, legal papers, and many more such documents are intended to be disposed of correctly after their use, as stated by the Data Protection Act. Hence, the need to fulfill the proper disposal without any burning of paper is likely to upsurge the growth of the paper shredder market over the forecast period.
However, the preference for online and soft copies on the computers has gained significant traction from the users, which have hindered the growth of the paper shredder market. Additionally, the outbreak of COVID-19 has also negatively impacted the market growth, as people are preferring work from home and online work which have reduced the usage of paper documents, which further challenge the growth of the market.
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Paper Shredder Market Segmentation
By Product Type
- Strip-Cut
- Cross-Cut
- Micro-Cut
By Distribution Channel
- Online
- Offline
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Competitive Landscape
- ACCO Brands
- Aurora Corp. of America
- com
- Dahle North America Inc.
- Elcoman SRL
- Fellowes, Inc.
- HSM GmbH + Co. KG
- Infres Methodbex Pvt. Ltd.
- Intimus International Group
- Krug & Priester GmbH & Co. KG
- Martin Yale Industries
- Meikoshokai Co. Ltd.
- Royal Consumer Products
- Uchida Yoko Global LTD.
- Vecoplan LLC
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