According to the latest report by IMARC Group, titled “Indian Paper Shredder Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the paper shredder market size in India reached strong growth in 2019. A paper shredder refers to a mechanical device that cuts paper into pieces, stripes, or fine particles, as per the user’s requirement. Paper shredders are widely used in organizations to process waste papers and secure confidential and sensitive information from unauthorized personnel. Shredders are available in various shapes and sizes based on their utility, such as strip-cut shredders to cut the paper into thin strips, industrial paper shredders for bulk shredding, and crosscut shredders cut the paper into minuscule pieces.
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Rapid industrialization in the country primarily attributes to the growth of the Indian paper shredder market. Several international organizations have begun their operations in India, thereby increasing the utilization of paper and paper products significantly, which bolsters the demand for paper shredders. Paper shredding also helps in managing massive paper waste and leaves a limited amount of residue in the environment. Moreover, the widespread adoption of paper shedders in the Indian commercial sector to ensure data security by safeguarding confidential information from privacy invasion is further augmenting the market growth. Additionally, paper shredders help in minimizing the operational costs of an organization since third-party shredding is an expensive alternative, which also impels the paper shredder market growth. Looking forward by IMARC group, the market projected to reach a strong growth during 2020-2025.
Market Breakup by Type
- Cross Cut
- Strip Cut
- Micro Cut
- Up to 20 Liter
- 21-70 Liter
- 71-135 Liter
- Above 135 Liter
- Institutional/Direct Sales
- Retail Sales
- Commercial Paper Shredder
- Office/Residential Paper Shredder
- AVANTI Business Machines Limited
- INFRES Methodex Pvt. Ltd.
- Kobra India Security Systems Pvt. Ltd.
- Pitney Bowes India Pvt. Ltd.
- TRENDZ PAPER AND STATIONERS (INDIA) PVT. LTD.
- Concept Business Products
- Pilot India Group
- HSM GmbH + Co. KG
- Aditya Technologies Pvt. Ltd.
- Kores (India) Limited
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.