NEW
YORK, June 19, 2024 /PRNewswire/ -- The global
home and office paper shredders market size is estimated to
grow by USD 1.41 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 9.06% during the forecast
period. Growing online sales of paper shredders is
driving market growth, with a trend towards growing
environmental regulations on paper manufacturing.
However, increasing use of digital platforms across the world
poses a challenge. Key market players include ACCO Brands
Corp., Aditya Systems, Arihant Maxsell Technologies Pvt. Ltd.,
Aurora Corp. Of America, AVANTI Business Machines Ltd., Bonsen
Electronics Ltd., Dahle North America Inc., Elcoman Srl, Fellowes
Inc., Fornnax Technology Pvt Ltd., HSM GmbH plus Co. KG, intimus
International GmbH, Jiangsu Golden Hi-tech Digital Co. Ltd., Krug
and Priester GmbH and Co. KG, Martin Yale Industries, Mitsui
Matsushima Holdings Co., Ltd., Raj Electricals, Royal Consumer
Information Products, SHREDDERS and SHREDDING CO., and Staples
Inc..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
End-user (Commercial
and Residential), Product (Cross-cut, Micro-cut, and Strip-cut),
and Geography (North America, APAC, Europe, South America, and
Middle East and Africa)
|
Region
Covered
|
North America, APAC,
Europe, South America, and Middle East and Africa
|
Key companies
profiled
|
ACCO Brands Corp.,
Aditya Systems, Arihant Maxsell Technologies Pvt. Ltd., Aurora
Corp. Of America, AVANTI Business Machines Ltd., Bonsen Electronics
Ltd., Dahle North America Inc., Elcoman Srl, Fellowes Inc., Fornnax
Technology Pvt Ltd., HSM GmbH plus Co. KG, intimus International
GmbH, Jiangsu Golden Hi-tech Digital Co. Ltd., Krug and Priester
GmbH and Co. KG, Martin Yale Industries, Mitsui Matsushima Holdings
Co., Ltd., Raj Electricals, Royal Consumer Information Products,
SHREDDERS and SHREDDING CO., and Staples Inc.
|
Key Market Trends Fueling Growth
The home and office paper shredders market is experiencing
growth due to increasing consumer preference for eco-friendly
products. Major office supply companies are responding to this
trend by manufacturing energy-efficient shredders, such as Intimus
EcoLogic, which consumes 92% less energy than standard machines.
Additionally, the pulp and paper industry is being influenced by
environmental regulations, leading to innovations that reduce
carbon emissions, like Kobra's Energy Smart management system,
which saves 65 kg of CO2 per year. These developments are expected
to continue driving the market for home and office paper
shredders.
The Home and Office Paper Shredders market is experiencing
significant growth due to increasing security concerns and the need
for data protection. Companies and individuals are investing in
shredders to securely dispose of sensitive documents. The market is
witnessing the trend of high-capacity shredders that can handle
large volumes of paper. Additionally, the demand for cross-cut
shredders is increasing as they offer higher security levels.
Another trend is the integration of technology, such as automatic
feed and touchscreen controls, for enhanced convenience and
efficiency. Furthermore, the market is seeing an increase in demand
for shredders with multiple shredding modes to cater to various
shredding needs. Overall, the Home and Office Paper Shredders
market is expected to continue its growth trajectory in the coming
years.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The global home and office paper shredder market faces
challenges due to digitization and the resulting decrease in demand
for traditional paper and printing supplies. Digital gadgets, such
as computers, laptops, and smartphones, have become more convenient
and efficient for storing, editing, and transferring files.
Advanced technologies like cloud services further reduce the need
for paper products. Microsoft Office software, including Outlook,
OneDrive, Word, Excel, PowerPoint, OneNote, SharePoint, Microsoft
Teams, and Yammer, are widely used in offices for drafting,
sharing, and storing information. These digital solutions offer
cost savings and eliminate the need for paper products, negatively
impacting the growth of the paper shredder market.
- The Home and Office Paper Shredders market faces several
challenges. One major challenge is the increasing use of digital
documents, leading to decreased demand for paper shredders. Another
challenge is the competition from cheaper, less advanced models.
Additionally, consumers seek shredders with advanced features such
as cross-cut shredding and high capacity. Recycling regulations
also pose a challenge, as some shredders do not meet the necessary
standards for recycling shredded paper. Furthermore, the market is
saturated with various brands and models, making it difficult for
consumers to make informed decisions. Lastly, the cost of raw
materials, particularly steel, impacts the pricing and
profitability of paper shredders.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This home and office paper shredders market report extensively
covers market segmentation by
- End-user
- 1.1 Commercial
- 1.2 Residential
- Product
- 2.1 Cross-cut
- 2.2 Micro-cut
- 2.3 Strip-cut
- Geography
- 3.1 North America
- 3.2 APAC
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Commercial- The Home and Office Paper
Shredders market is thriving due to the increasing awareness of
data security. Businesses and individuals alike prioritize the
secure disposal of confidential documents. Paper shredders offer a
practical solution, ensuring sensitive information remains
protected. This market continues to grow as more businesses adopt
digital processes, resulting in a higher volume of paperwork that
requires secure destruction. Additionally, advancements in
technology have led to more efficient and cost-effective shredding
solutions. Overall, the Home and Office Paper Shredders market is a
vital component in maintaining data security and privacy.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The Home and Office Paper Shredders Market encompasses the
demand for electronic equipment designed to securely destroy
confidential documents, adhering to data security regulations. Bin
capacity varies from small to industrial grade shredders, catering
to the needs of government agencies, small enterprises, private
groups, and individuals. The carbon footprint of shredding machines
is a concern for environment protection advocates, leading to the
development of smart features and automation, such as sensor
systems and soft copy integration. Consumption volumes have
increased during office shutdowns and reductions of commerce.
Portable shredders employ the strip cut technique for efficient
shredding of sensitive data and personnel records.
Market Research Overview
The Home and Office Paper Shredders market caters to the
increasing demand for document security and privacy. These devices
enable the efficient destruction of paper documents, ensuring
confidential information remains protected. Features such as
cross-cut shredding, quiet operation, and automatic feeding enhance
their functionality and convenience. The market is driven by
factors like the growing awareness of data security, increasing
regulatory compliance, and the shift towards digital document
management. Additionally, advancements in technology lead to the
development of smart shredders with additional features like
wireless connectivity and cloud storage. Overall, the Home and
Office Paper Shredders market is expected to grow significantly due
to these factors.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
-
- Product
-
- Cross-cut
- Micro-cut
- Strip-cut
- Geography
-
- North America
- APAC
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio