A paper shredder is a device which is used for cutting paper into either strips or fine particles. Paper shredders are available in different sizes and price. They ensure the protection of sensitive and confidential information. Paper shredders are used to remove waste around the office or home. As per the Data Protection Act, any confidential waste which includes salary details, medical records, and legal papers have to be disposed correctly. All these factors are expected to accelerate the growth of the overall paper shredders market globally.
There are various factors which are expected to drive the market such as increasing paper production and documentation for business purposes. Moreover, paper shredders eliminate the burning of paper, thereby reducing the carbon footprint of organizations. However, high cost of paper shredders and increasing usage of soft copy for documentation are expected to hinder the growth of the paper shredders market. Growing concern regarding environment protection is expected to drive the paper shredders market across the world. Further, expanding prevalence of cost-effective paper shredders combined with the rising requirement for safe removal of records of governments as well as private organizations would fuel the interest in paper shredders. All these factors are expected to accelerate the global paper shredders market during the forecast period.
The global paper shredders market has been classified based on type, bin capacity, end user, distribution channel, and geography. Based on type, the global paper shredders market is segmented into cross cut, strip cut, and micro cut. On the basis of bin capacity, the market is classified into up to 20 Liter, 21-70 Liter, 71-135 Liter, and above 135 Liter. Based on end user, the market is segregated into commercial paper shredder and residential paper shredder. Based on distribution channel, the market is classified as online distribution channel and offline distribution channel. The online distribution channel is the most preferred channel among end users, as online channels offer more discount, different payment options, and delivery options with return policy. All these factors are expected to contribute to the growth of the global paper shredders market.
In terms of geography, the global paper shredders market is classified into Asia Pacific (India China, Japan, and Rest Of APAC), North America (U.S, Canada, and Rest Of North America), Middle East & Africa (South Africa, GCC, Rest Of MEA), Europe (U.K, France, Germany, Rest Of Europe), and South America (Brazil and Rest of South America). Europe is expected to hold the largest share of the market, followed by North America. As compared to other regions, the market in Asia Pacific is expected to grow at the highest rate followed by Middle East & Africa during the forecast period. Increasing focus on environment-friendly policies and government initiatives to encourage a healthy and safe environment is anticipated to accelerate the growth of the paper shredders market during the forecasted period.
Major players operating in the paper shredders market include Kobra India Security Systems, Infres Methodbex Pvt Ltd, Aurora Corp. of America, Bonsaii.com, Royal Consumer Products, Meikoshokai Co., Ltd., EBA, Staples, Inc., Stericycle, Dahle North America, Inc., Shredders India, Uchida Yoko Global Limited, Krug & Priester GmbH & Co. KG, Vecoplan LLC, Widesky Machinery Co., Ltd., WEIMA Maschinenbau GmbH, Zhengzhou Huahong Machinery Equipment Co., Ltd and others and others market players are planning to enter into the market. These market players are spending a lot in their R&D so as to incorporate new technologies in their organizations and launch new products to build up their market share in global tennis racquet market. EBA manufactured the first cross cut paper shredders machine in 1951and continues to do so till date.
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