Paper Shredder Machine Market Outlook 2027, Global Opportunity & Growth Analysis
A paper shredder machine is a device that is used for cutting the paper into either fine particles or strips. Individuals, businesses, and government organizations use paper shredders to destroy confidential, private, and other sensitive documents. Paper shredder machines also offer shredding solutions for products such as instance-drink cartons, cardboards, egg cartons, folded carton packaging, and labels.
Several factors, such as rising documentation and paper production for business purposes, are expected to drive the paper shredder machine market during the forecast period. Furthermore, paper shredders eliminate the need for burning of paper, thereby decreasing the carbon footprint of organizations. However, growing usage of soft copies for documentation and high costs of paper shredders are projected to restrain the paper shredder machine market during the forecast period. Increasing concerns about environment are anticipated to drive the paper shredder machine market across the world in the near future. Rising competition between the companies has generated the necessity for them to protect or secure confidential data of their industries by following safe documentation procedures. Moreover, growing compliance with international security standards and the rising focus on confidentiality and data security are estimated to boost the demand for paper shredder machines among international players and governments across the world.
The global paper shredder machine market can be segmented based on cutting style, sheet capacity, application, end-user, distribution channel, and region. Based on cutting style, the market can be classified into cross cut, micro cut, strip cut, and others. In terms of sheet capacity, the market can be divided into below 15 sheets, 16-50 sheets, 51-100 sheets, 100-200 sheets, 200-300 sheets, and above 300 sheets. In terms of application, the market can be segmented into paper clips, only paper, and others. Based on end-user, the paper shredder machine market can be divided into residential, commercial, and industrial. In terms of distribution channel, the market can be categorized into offline distribution channel and online distribution channel. The offline channel segment can be sub-divided into organized and unorganized. The organized sub-segment can be further divided into hypermarkets/supermarkets, departmental stores, and specialty stores.
In terms of region, the global paper shredder machine market can be segmented into North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA). North America includes the U.S., Canada, and Rest of North America. Europe includes the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes GCC, South Africa, and Rest of Middle East & Africa. The South America paper shredder machine market has been segmented into Brazil, Mexico, and Rest of South America. Europe accounted for a major share of the global paper shredder machine market in 2018, followed by North America. The paper shredder machine market in Asia Pacific is anticipated to expand rapidly during the forecast period, due to rise in the adoption of latest technologies in the region.
Key players operating in the global paper shredder machine market are ANDRITZ , Allegheny Shredders, WEIMA, Fellowes Brands, Kobra Shredder, Krug + Priester GmbH & Co. KG, Insignia Products, Resideo Technologies, Inc., (Honeywell Home), ACCO Brands (Swingline), VECOPLAN AG, Zhengzhou Huahong Machinery Equipment Co., Ltd., and Zhangjiagang Sevenstars Machinery Co., Ltd. The market is fragmented. Due to presence of various key players, the degree of competition is high.
Factors such as the development of new technologies for paper cutting and rise the adoption of intelligent paper shredder machines are projected to provide substantial growth opportunities to manufacturers of paper shredder machines in the near future.