Paper Shredder Market Analysis Report By Product, By Distribution Channel, By Region And Segment Forecasts From 2019 To 2025

Industry Insights

The global paper shredder market size was accounted for USD 1.7 billion in 2018. The market is expected to witness 7.8% of CAGR, during the forecasted years, 2019 to 2025. This growth can be attributed to the rising need for the disposal of paper that contains confidential data before throwing it away in the scrap. It is being used for destroying the documents having data thereby preventing them from theft and being misused.

These machines are being used across all government organizations, defense departments, private offices, small businesses, and large corporations. It also helps for securing confidential data by disposing of loyalty cards, financial statements, confidential prints, CDs/ DVDs, and magnetic tapes. Thus, the demand for paper shredding machines is anticipated to grow significantly in the upcoming years.

Rising awareness for waste disposal has paved the way for increased demand for products like paper shredders across the globe. Few government organizations also rely on third-party sources for paper disposal. The emergence of paper shredders has thereby provided security for the data and has, in turn, reduced the labor cost.

Ease of availability, simple process of working, and low cost are anticipated to drive the market for such products. Since these products are compact, they can be placed near the desk or inside the house. These products are classified by various types of security levels like DIN P-1, DIN P-2, etc. based on the paper size to be cut. These machines are available with variations in their specifications like bin capacity, sheet capacity, cool time, and run time. Thus, the market for paper shredders is anticipated to grow significantly during the forecasted years, 2019 to 2025. 

Product Insights

In 2018, the product segment of cross-cut type shredders held the largest share of 55.6% across the global market. This can be attributed to the faster speed of the machine as compared to the rest. Moreover, the low-cost price and higher durability of the product are expected to drive the growth of the paper shredder market. Demand for these products is expected to rise in the upcoming years owing to its features like low servicing cost and ease of installation.

The micro-cut shredder product segment is anticipated to register a higher growth rate of 9.0% CAGR during the forecasted years, 2019 to 2025. This growth can be attributed to its productivity to yield unreadable paper particles from the papers. Thus, such machines are becoming popular across large organizations owing to the need for the finest security level for paper disposal.

Distribution Channel Insights

In 2018, the offline distribution channel segment is anticipated to hold the largest share of 86.3% in the global market. This growth can be attributed to the need for physical verification of the product before making the buying decision. Since the required specifications for selecting the shredder like cooling and heating time coupled with the storage size of bins can be checked by visual inspection, the market for shredders through offline distribution channels is expected to continue its growth in the upcoming years.

The online distribution channel is anticipated to register the highest CAGR of 10.3% during the forecast period, 2019 to 2025. This growth can be attributed to the rising number of e-commerce platforms like Amazon, Alibaba, and Flipkart. Moreover, features like doorstep delivery; a wide range of products for comparison on a single platform coupled with a hassle-free return policy is anticipated to drive the online sales of these products during the forecasted years, 2019 to 2025.

Regional Insights

In 2018, North America held the largest share of 38.8% across the global paper shredders market. This growth can be attributed to the rising number of workplaces, offices, and commercial spaces across countries like Canada and the U.S. In addition, efforts are being made by manufacturers like ACCO Brands; Fellowes, Inc.; and Intimus Shredder to penetrate deeper into the market across this region.

Asia Pacific is anticipated to register the fastest growth with a 9.9% CAGR during the forecasted years, 2019 to 2025. This growth can be attributed to rising demand for these products in private and government organizations across countries like India and China. Moreover, external factors like increasing disposable income among the working population coupled with the exponential rise in data being collected through various sources are anticipated to drive the market growth for these products in the upcoming years.

Paper Shredder Market Share Insights

The market for paper shredders includes key players such as ACCO Brands; Fellowes, Inc.; HSM GmbH + Co. KG; Intimus Shredder; Martin Yale Industries and ElcomanSrl. These manufacturers are continuously engaged in product development and innovation to boost their sales and gain a competitive advantage over the other players.

Moreover, the increasing demand for such machines across countries like Brazil, India, and China is paving way for manufacturers to penetrate deeper into the emerging markets. These players are also constantly engaged in acquisitions, mergers, partnerships, and product launches.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global paper shredder market report based on product, distribution channel, and region:

• Product Outlook (Revenue, USD Billion, 2015 - 2025)
    • Strip-cut
    • Cross-cut
    • Micro-cut

• Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025)
    • Online
    • Offline

• Regional Outlook (Revenue, USD Billion, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • the Asia Pacific
        • China
        • India
    • Central & South America
        • Brazil
    • Middle East and Africa
        • South Africa