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The Indian paper shredder market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 10% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
A paper shredder is a mechanical device used to cut paper into pieces, stripes or fine particles as per the customer’s requirement. Paper shredders play a significant role in organizations in order to process waste papers and secure confidential and sensitive pieces of information from getting into the hands of unauthorized personnel. Shredders are available in a variety of shapes and sizes depending upon their utility, such as strip cut shredders with a single blade to cut paper into thin strips, industrial paper shredders used for bulk shredding and crosscut shredders to cut paper into minuscule pieces. Shredding paper is an effective method to manage large paper waste as it leaves a limited amount of residue in the environment.
The growth of the Indian paper shredder market is primarily driven by industrialization in the country. With numerous Indian and foreign businesses and organizations starting their operations in India, the utilization of paper and paper products has increased significantly. In order to match the quantity of waste papers generated, the demand of paper shredders is also experiencing a healthy growth. Moreover, paper shredders are being adopted in the Indian commercial sector as it provides security of data by safeguarding confidential information from privacy invasion. Additionally, paper shredders help in reducing operational costs of an organization since third-party shredding is an expensive alternative.
This report provides a deep insight into the Indian paper shredder market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for paper shredder manufacturers, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian paper shredder market in any manner.
The report has also analysed the competitive landscape of the market with some of the key players being 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, etc.
|Base Year of the Analysis||2020|
|Segment Coverage||Type, Bin Capacity, Distribution Channel, End-Users, Region|
|Region Covered||North India, West and Central India, South India, East India|
|Companies Covered||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. and Kores (India) Limited|
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