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 (2020-2026). 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. 

Segmental Outlook

The global paper shredder market is segmented on the basis of product type and distribution channel. Based on the product type, the market is segmented into strip-cut, cross-cut, and micro-cut. Based on the distribution channel, the market is segmented as online and offline. Amongst the distribution channel, the online distribution channel segment is projected to grow significantly over the forecast period. The online distribution channels are the most preferred channels by the users as it offers more discount offers, various payment modes as well as home delivery options with return policies. Hence, owing to such a wide variety of lucrative offers provided by the online distribution channels, it is among one of the majorly preferred distribution channels. Hence, these factors altogether drive the segmental growth of the global paper shredder market over the forecast period.

Regional Outlook

The global paper shredder market is geographically segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America is projected to hold a significant market share. The regional growth of the market is attributed to the presence of the key players and the rapid innovations in the product technologies by them. Players such as ACCO Brands, Intimus Shredder, Fellowes, Inc., and Elcoman Srl, among others are likely to contribute to the growth of the paper shredding machines industry. 

Besides, increased consciousness among the people regarding the easy disposal of wastepaper items also supports the growth of the market. Further, the Asia-Pacific region is also expected to witness substantial demand for paper shredders, owing to the increased buying power of the consumers and increased awareness regarding the use of efficient products for easy disposal of commercial waste items across industries. 

Global Paper Shredder Market, by Region 2019 (%)

Market Players Outlook

The study of the report covers the analysis of various players operating in the market. some of the players covered in the report include Bonsaii.com, Dahle North America Inc., Fellowes, Inc., HSM GmbH + Co. KG, Krug & Priester GmbH & Co. KG, and Martin Yale Industries, among others. These key manufacturers are adopting various strategies such as new product launches and approvals, merger and acquisition, partnerships and collaborations, and many others in order to thrive in a competitive environment. 

The Report Covers

• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global paper shredder market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.