Paper Shredder is an electronic device that is extensively used by government bodies, small & large businesses and even, individuals. It is specifically designed for destroying private, confidential or otherwise sensitive paper documents by cutting them into fine particles or strips. Besides, there are industrial paper shredder machines that shred folded carton packaging, cardboards, beverage cartons, egg cartons, labels, and allied packaging materials. Not only this, there are also unpowered shredders like special scissors that come with many blades and hand-cranked shredders.
This market is segmented into two parts namely, one-time shredding & regular shredding machines and obviously, the latter is the one that is continuously dominating this industry. It is also divided on the basis of cut types like :
- Strip-cut machines – They cut the paper into long vertical pieces
- Cross-cut machines – Cut paper both vertically and horizontal into more smaller pieces
- Micro-cut machines – These are used in the places of higher security that have highly confidential documents, that are shredded into tiny particles by this machine
Benefits of paper shredders:
- Increased security of documents
- Waste reduction
- Reliable and environment-friendly method
- A quick and convenient way of shredding
- Cost-effective
Growth drivers:
The growth of this market has been primarily driven by industrialization in our country. With varied Indian and foreign business organizations starting their operations in India, the utilization of paper and paper products has increased manifolds. The demand for paper shredders is experiencing healthy growth to match the number of waste papers generated. Paper shredders also provide security of data by safeguarding confidential and sensitive information from privacy invasion. Third-party shredding is an expensive option and paper shredders are effective in reducing the operational costs of a business organization.
Another factor that is driving this market is the rising adoption of paper conservation practices that promotes reusing & recycling paper and reduce deforestation. As, shredded paper can be recycled and utilized as void fill in packaging, animal bedding, insulation, and an alternative to non-renewable fuels.
Several manufacturers of paper shredding machines are trying their best to enhance the reliability, usability, and energy efficiency of their products, by adopting new and innovative technologies.
The global paper shredding market is expected to grow at a CAGR of approximately 5.1% between the forecast period of 2019-2027. In India, this market is anticipated to reach about $ 6 million by the year 2022. Many government offices, private organizations, large corporations, small businesses, and individuals these days use this machine to destroy their confidential documents including financial statements, marketing plans, strategic initiatives, and other employee data. Paper shredders are very effective in turning sensitive documents into waste to prevent them from theft or unauthorized imitation.
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