Global Paper Shredder Market Size: Revenue Surges to USD 4123 Million At a CAGR of 7.58% Expected during 2023-2030

Advertisement

[220 + Pages Research Study] According to a market research study published by Zion Market Research, the demand analysis of Global Paper Shredder Market size & share revenue was valued at around USD 2298 million in 2022 and is estimated to grow about USD 4123 million by 2030, at a CAGR of approximately 7.58% between 2023 and 2030. The key market players are listed in the report with their sales, revenues and strategies are Staples, Fellowes, AmazonBasics, Royal, HSM, Swingline, Rexel, Bonsaii, Aurora, Acco Brands, ShredCare, Sentinel, Dahle, Swordfish, GoECOlife, Powershred, Kobra, Ideal, Destroyit, GBC and others.

New York, NY, July 21, 2023 (GLOBE NEWSWIRE) — Zion Market Research has published a new research report titled “Paper Shredder Market By Bin Capacity (Above 135 Liters, 71 To 135 Liters, 21-70 Liters, And Up To 20 Liters), By Type (Micro Cut, Strip Cut, And Cross Cut), By Application (Residential And Commercial), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.

“According to the latest research study, the demand of global Paper Shredder Market size & share in terms of revenue was valued at USD 2298 million in 2022 and it is expected to surpass around USD 4123 million mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 7.58% during the forecast period 2023 to 2030.”

Advertisement

What is Paper Shredder? How big is the Paper Shredder Industry?

Paper Shredder Report Coverage & Overview:

Shredders are mechanical devices that are used to shred bits of paper into thin particles or strips. Shredders can be found in offices, schools, and homes. They are utilized in a variety of settings, including private companies, government departments, and other locations, with the purpose of obliterating all trace of private or classified documents. These gadgets can be found in a wide variety of shapes or sizes, ranging from simple and inexpensive machines to more complex and pricey shredders. With the passage of time, the industry that manufactures paper shredders and distributes them has seen tremendous changes, including the inclusion of new functions as well as the removal of superfluous features that were not beneficial or the modification of those features to make them less redundant. Since people have begun to place a greater emphasis on protecting their own privacy, there has been a rise in the number of businesses that use paper shredders. The growth trajectory of the market for paper shredders is impacted by a number of obstacles and restrictions, but there are also a number of elements that are responsible for the industry’s higher growth rate.

Get a Free Sample PDF of this Research Report for more Insights with a Table of Content, Research Methodology, and Graphs – https://www.zionmarketresearch.com/sample/paper-shredder-market

(A free sample of this report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the Following:

  • Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
  • The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
  • About 220+ Pages Research Report (Including Recent Research)
  • Provide detailed chapter-by-chapter guidance on Request
  • Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2023
  • Includes Tables and figures have been updated
  • The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
  • Zion Market Research research methodology

(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)

Global Paper Shredder Market: Growth Dynamics

Shredders are mechanical devices that are used to shred bits of paper into thin particles or strips. Shredders can be found in offices, schools, and homes. They are utilized in a variety of settings, including private companies, government departments, and other locations, with the purpose of obliterating all trace of private or classified documents. These gadgets can be found in a wide variety of shapes or sizes, ranging from simple and inexpensive machines to more complex and pricey shredders. With the passage of time, the industry that manufactures paper shredders and distributes them has seen tremendous changes, including the inclusion of new functions as well as the removal of superfluous features that were not beneficial or the modification of those features to make them less redundant. Since people have begun to place a greater emphasis on protecting their own privacy, there has been a rise in the number of businesses that use paper shredders. The growth trajectory of the market for paper shredders is impacted by a number of obstacles and restrictions, but there are also a number of elements that are responsible for the industry’s higher growth rate.

Directly Purchase a copy of the report with TOC @ https://www.zionmarketresearch.com/buynow/su/paper-shredder-market

Report Scope

Report Attribute Details
Market Size in 2022 USD 2298 million
Projected Market Size in 2030 USD 4123 million
CAGR Growth Rate 7.58% CAGR
Base Year 2022
Forecast Years 2023-2030
Key Market Players Staples, Fellowes, AmazonBasics, Royal, HSM, Swingline, Rexel, Bonsaii, Aurora, Acco Brands, ShredCare, Sentinel, Dahle, Swordfish, GoECOlife, Powershred, Kobra, Ideal, Destroyit, GBC and others.
Key Segment By Bin Capacity, By Type, By Application, and By Region
Major Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa
Purchase Options Request customized purchase options to meet your research needs. Explore purchase options

Paper Shredder Market: Segmentation Analysis

The global paper shredder market is segmented based on bin capacity, type, application, and region.

Based on bin capacity, Above 135 liters, between 71 and 135 liters, 21-70 liters, and up to 20 liters are the categories that make up the global market. In 2022, the segment that ranged from 21 to 70 liters had the highest CAGR that was recorded. This is mostly the result of the widespread use of these paper shredder types in terms of the capacity of their bins. As a result of their capacity to handle moderate to substantial amounts of shredded paper, they are most commonly encountered in a variety of commercial settings. In addition, facilities that work frequently with offline data and which may necessitate the shredding of bigger amounts of secret information may utilize shredders with capacities ranging from 71 to 135 liters. At this time, shredders with a security rating of P-7 are the safest device for shredding particles with a cross-sectional area of 5 mm2 and a width of 1 mm.

Based on type, Micro cut, strip cut, and cross cut are the three subcategories that make up the paper shredder industry. Because of the superior qualities of the machine, such as its speed and performance, the micro cut sector was able to command close to 45.1% of the market share in 2022. In comparison to the several other varieties, they have a lower overall cost and exceptional durability. It is possible that factors such as the simplicity of installation and maintenance will promote segmental expansion over the course of the projected timeframe.

Based on application, The primary market niches are the residential and commercial markets. The latter is the sector that contributes the most to the paper shredder business. This is due to the extensive usage of complicated and modern paper shredders in commercial spaces such as workplaces, government units, defense offices, and medical facilities. These sections store data that is particularly sensitive, and any breach of security involving the information controlled by them could have severe effects. There was a significant breach in the region’s national security plans as a result of the publication on social media in April 2023 of more than one hundred documents that contained sensitive information concerning secrets related to American national security.

The global Paper Shredder market is segmented as follows:

By Bin Capacity

  • Above 135 Liters
  • 71 to 135 Liters
  • 21-70 Liters
  • Up to 20 Liters

By Type

  • Micro Cut
  • Strip Cut
  • Cross Cut

By Application

  • Residential
  • Commercial

Browse the full “Paper Shredder Market By Bin Capacity (Above 135 Liters, 71 To 135 Liters, 21-70 Liters, And Up To 20 Liters), By Type (Micro Cut, Strip Cut, And Cross Cut), By Application (Residential And Commercial), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” Report at https://www.zionmarketresearch.com/report/paper-shredder-market

Competitive Landscape

Some of the main competitors dominating the global Paper Shredder market include – 

  • Staples
  • Fellowes
  • AmazonBasics
  • Royal
  • HSM
  • Swingline
  • Rexel
  • Bonsaii
  • Aurora
  • Acco Brands
  • ShredCare
  • Sentinel
  • Dahle
  • Swordfish
  • GoECOlife
  • Powershred
  • Kobra
  • Ideal
  • Destroyit
  • GBC
  • Others

Key Insights from Primary Research:

  • As per the analysis shared by our research analyst, the global paper shredder market is estimated to grow annually at a CAGR of around 7.58% over the forecast period (2023-2030)
  • In terms of revenue, the global paper shredder market size was valued at around USD 2298 million in 2022 and is predicted to grow to around USD 4123 million, by 2030.
  • The paper shredder market is projected to grow at a significant rate due to the growing demand for sustainable packaging
  • Based on bin capacity segmentation, 21-70 liters was predicted to show maximum market share in the year 2022
  • Based on application segmentation, commercial was the leading application in 2022
  • On the basis of region, North America was the leading revenue generator in 2022

Have Any Query? Ask Our Experts: https://www.zionmarketresearch.com/inquiry/paper-shredder-market

Key questions answered in this report:

  • What is the market size and growth rate forecast for Paper Shredder industry?
  • What are the main driving factors propelling the Paper Shredder Market forward?
  • What are the leading companies in the Paper Shredder Industry?
  • What segments does the Paper Shredder Market cover?
  • How can I receive a free copy of the Paper Shredder Market sample report and company profiles?

Key Offerings:

  • Market Size & Forecast by Revenue | 2023−2030
  • Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
  • Market Segmentation – A detailed analysis By Bin Capacity, By Type, By Application, and By Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Request for Customization on this Report as per your requirements – https://www.zionmarketresearch.com/custom/7358

(We tailor your report to meet your specific research requirements. Inquire with our sales team about customising your report.)

Regional Analysis:

The North American region will maintain its preeminence over a sizable portion of the market.

Due to the increasing demand for paper shredders in commercial and residential settings across North America, this region is expected to lead the global market for paper shredders over the course of the projected period. Countries like the United States and Canada are home to a number of different commercial divisions, each of which devotes significant resources to the administration of data privacy. Through their investments in research and development, regional manufacturers have been a significant contributor to the growth of the market demand for innovative paper shredders. Additionally, the increased supply of these devices coming from the United States to other regions could potentially boost income in other regions. In addition, the recent occurrence of many data leaks in the United States, which were impacted by shifting geopolitical conditions, has forced the teams responsible for national defense to modernize the systems and measures that contribute to protecting regional data security.

Due to the increasing adoption of these devices in China, Japan, India, and other nations that are documenting a growing emergence of commercial establishments, Asia-Pacific is projected to register the quickest CAGR. This is because of the expanding number of commercial establishments in these countries. The increased interest of domestic players in manufacturing machines of superior quality could work in favor of the growth of the Asia-Pacific region.

By Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • France
    • UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Paper Shredder Market: Opportunities

Increasing innovation in order to propel the trajectory of market expansion

Paper shredders have evolved tremendously over the course of time, with the introduction of a variety of brand-new and ground-breaking capabilities. This involves keeping security levels up to date in accordance with the requirements of the client. The most recent paper shredders provide seven different layers of security. For example, a higher level results in smaller pieces of shredded paper, which eliminates any possibility of data being stolen. In addition, the performance of the device has been improved by other aspects, such as the rate at which it shreds and the approval it has received from regulatory bodies, such as the Central Security Service (CSS) of the National Security Agency (NSA). In addition, manufacturers are working on the elimination or significant reduction of cool-down time. This will contribute to the improvement of product efficiency, particularly in commercial centers. High-Security Multimedia Shredder (FD 8732HS) was introduced on the market by Formax, a dominant force in the industry, in the month of July 2021. High levels of protection, as well as the destruction of optical media, are provided by the mobile university. In addition to that, it has the EvenFlowTM Automatic Internal Oiling System installed in it.

To know an additional revised 2023 list of market players, request a brochure of the report: https://www.zionmarketresearch.com/requestbrochure/paper-shredder-market

Browse Other Related Research Reports from Zion Market Research:

Folate Market By Type (Folic Acid, Natural Folate), By Application (Food Industry, Nutraceuticals, Pharmaceuticals), By End-User (Fortified Foods, Baby Foods, Supplements), And By Region – Global, And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts For 2023 – 2030: https://www.zionmarketresearch.com/report/folate-market

Hydrocarbon Solvents Market By Type (Aliphatic Solvents, Aromatic Solvents, Mineral Spirits, And Others), By Application (Paints & Coatings, Adhesives & Sealants, Pharmaceuticals, Cleaning Agents & Degreasers, Rubber & Polymer, Chemical Processing, And Others), And By Region – Global, And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/hydrocarbon-solvents-market

Infusion Pharmacy Management Market By Product Type (Antibiotics, Antimicrobial, Pain Management, Enternal Nutrition, And Others), By Application (Hospital & Clinic, Ambulatory Surgical Centers, And Homecare), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/infusion-pharmacy-management-market-size

Packaging Design And Simulation Technology Market By Type (Software And Service), By End-Use Industry (Consumer Goods, Food & Beverages, Pharmaceutical, Automotive, Consumer Electronics And Others) And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/packaging-design-and-simulation-technology-market-size

Electrical Engineering Services Market By Product Type (Electrical Instrumentation System, Software As A Service (SaaS), Operation & Maintenance Services, Arc-Flash & Electrical Services, Solar Panel Design Services, Electrical Design & Layout Services, Electrical Instrumentation Services, And Others), By Application (Transportation & Infrastructure, Oil & Gas, Manufacturing & Processing, Utilities, Industrial, Commercial, Residential, Government, And Others), And By Region: – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts, 2023-2030.: https://www.zionmarketresearch.com/report/electrical-engineering-services-market-size

Phenoxycycloposphazene Market By Product Type (Encapsulating Material, Paints, Copper Clad Plate, Led Luminous Diode, Epoxy Resins, Halogen-Free Fire Retardant, And Others), By End-User (Metallurgy, Electronics, Chemicals, Construction, And Others), By Application (Phenoxy Phosphazene, Diphenoxyphosphazene Cyclic Trimer, Hexaphenoxycyclotriphosphazene, And Others), And By Region: – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts, 2023-2030: https://www.zionmarketresearch.com/report/phenoxycycloposphazene-market-size

Cricket Bowling Machine Market By Technology (Non-Programmable And Programmable), By Application (School, Training Institutes, Colleges, Professional Academies, Others), By Distribution Channel (Sporting Goods Chain, Specialty Stores, Online Stores, And Others), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/cricket-bowling-machine-market

Carbon Fiber Tape Market By Resin (Thermoplastic, Epoxy, And Polyamide), By Form (Dry Tape And Prepreg Tape), By End-User (Pipe & Tank, Aerospace, Sporting Goods, And Marine), By Manufacturing Process (Solvent Dip And Hot Melt), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/carbon-fiber-tape-market

Solar Simulator Market By Light Source (LED Lamp, Xenon Arc Lamp, UV Lamp, Metal Halide Arc Lamp, And QTH Lamp), By State (Pulsed And Steady State), By Application (UV Testing Of Materials & Products, PV Cell Module & Material Testing, Biomass Study, And Automotive Testing, And Others), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/solar-simulator-market

Goat Cheese Market By Flavor (Tangy & Tart And Earthy), By Type (Unprocessed And Processed), By Distribution Channel (Online Retailers, Modern Trade, Convenience Stores, And Others), By Form (Repined Cheese, Soft Cheese, Semi-Soft Cheese, Aged Cheese, And Firm Cheese), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/goat-cheese-market

Safety Service Market By Offering (Services And Solution), By End-User (Petrochemical, Oil & Gas, Pharmaceutical, Chemical, And Others), By And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/safety-service-market-size

Bandsaw Machine Market By Type (Horizontal And Vertical), By End-Use Industry (Rubber, Plastic, Metal Cutting, Woodworking, And Others), By Technology (Manual, Semi-Automatic, And Fully-Automatic), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/bandsaw-machine-market-size

Car Wash Detergents And Soaps Market By Product Type (Drying Agents, Foam Detergents, Presoaks, Shampoo, Surface Protectants, Triple Foams, And Wheel Cleaners), By Form (Gel, Foam Based, And Liquid), By Distribution Channel (Automotive Parts Outlet, Department Stores, Franchise Outlet, Online Retailing, And Supermarkets & Hypermarkets), By End User (Automobile Factory, Car Wash Shop (Commercial), Home Use, And Others), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/car-wash-detergents-soaps-market-size

Gift Boxes Market By Material (Paper, Plastics, And Others), By Application (Consumer Goods, Electronic Devices, Food & Beverages, Cosmetic & Personal Care, And Others), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/gift-boxes-market-size

Crypto Wallets Market By Channel (Online And Offline), By Type (Cold Wallet And Hot Wallet), By End-User (Individual And Commercial), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/crypto-wallets-market

About Zion Market Research:

Zion Market Research is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Zion Market Research are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.

Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Follow Us on LinkedIn: https://www.linkedin.com/company/zion-market-research/

Follow Us on Twitter: https://twitter.com/zion_research

Follow Us on Facebook: https://www.facebook.com/zionmarketresearch

Follow Us on Pinterest: https://www.pinterest.com/zionmarketresearch/

Follow Us on YouTube: https://youtu.be/Y0Yfi7N8zSs

Contact Us:

Rushikesh Dorge

USA: +1 347 690-0211

United Kingdom: +44 2032 894158

Japan: +81 50 5806 9039

India: +91 7768 006 007

Web: https://www.zionmarketresearch.com/

Blog: https://zmrblog.com/

Still, Looking for More Information? OR Want Data for Inclusion in Magazine, Case Study, or Media

Email Directly Here with Detail Information: [email protected]

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. AfternoonHeadlines.com takes no editorial responsibility for the same.