Paper Shredder Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2030)


Posted February 9, 2024 by mansi3210

Paper shredders are meant to cut the papers either into fine particles or stripes.

 
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 full-fill 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 

A full Report of Paper Shredder Market is Available @  https://www.omrglobal.com/industry-reports/paper-shredder-market

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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Categories Business , Industry , Manufacturing
Last Updated February 9, 2024