Global Paper Shredder Market was valued at US$ 327.7 Mn in 2019 and is expected to reach US$ 602.27 Mn by 2026, at a CAGR of 7.0% during a forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Based on the end user, the commercial sector is expected to lead the market growth during the forecast period due to rising demand for paper shredders from the commercial sector for destroying paper documentation which is confidential and high-security concerns data. Growing industrialization in developing countries is also boosting market growth. On the basis of cut types, a micro cut segment is expected to lead the market growth during the forecast period.
Growing demand for paper shredders in government, organizations, and businesses to destroying confidential documents is propelling market growth across the globe. Increasing concerns regarding the environment and rising preference to the shredder for destroying papers rather than burning papers are other driving factors of the market.
The Government's strict regulations regarding environments and increasing paper production are expected to fuel the market growth during the forecast period. However, growing usage of softcopy, the government is taking initiative in reducing the usage of paper, and a high cost of the product acts as restraints to the global paper shredder market. The report provides a detailed list of drivers and restraints of the market, which are influencing the market growth. Additionally, provides expected opportunities in the market.
In terms of region, North America is expected to hold the largest share in the market during the forecast period owing to strict government regulation regarding waste management and increasing awareness regarding environmental safety such as reduce carbon. Asia Pacific is expected to generate the highest CAGR during the forecast period owing to growing industrialization and increasing economy in developing countries of this region.
The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
The key market players studied, analyzed, profiled and benchmarked in Paper Shredder Market are Zhangjiagang Sevenstars Machinery Co., Ltd., Fellowes Brands, Kobra Shredder, Vecoplan LLC, Zhengzhou Huahong Machinery Equipment Co., Ltd., Widesky Machinery Co., Ltd., Franssons, Allegheny Shredders, Inc., WEIMA Maschinenbau GmbH, Fellowes, KOBRA, HSM, Intimus, Meiko Shokai, Shred-it, GBC Shredder, Comet, Sunwood, Ideal, and Krug & Priester GmbH & Co. KG.
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Global Paper Shredder Market, by Cut Type
• Cross Cut
• Micro Cut
• Strip Cut
Global Paper Shredder Market, by End User
• Commercial Sector
• Residential Sector
Global Paper Shredder Market, by Region
• North America
• Middle East & Africa
• South America
Key Players Operating in the Paper Shredder Market
• Zhangjiagang Sevenstars Machinery Co., Ltd.
• Fellowes Brands
• Kobra Shredder
• Vecoplan LLC
• Zhengzhou Huahong Machinery Equipment Co., Ltd.
• Widesky Machinery Co., Ltd.
• Allegheny Shredders, Inc.
• WEIMA Maschinenbau GmbH
• Krug & Priester GmbH & Co. KG.
• Meiko Shokai
This Report Is Submitted By : Maximize Market Research Company
Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
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