According to the latest report by IMARC Group, titled “India Paper Shredder Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the paper shredder market size in India reached US$ 4.48 Million in 2019. A paper shredder is an electrically powered mechanical device that cuts paper into strips or fine particles. It is utilized by individuals, small businesses, large corporations, private organizations and government offices to destroy confidential documents and protect sensitive information, such as marketing plans, financial statements, strategic initiatives and other employee data. It comprises a lid, bin, sensors and rotating knives that shred papers into small strips and squares.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
India Paper Shredder Market Trends:
At present, there is a significant rise in the demand for paper shredders in India, as their usage aids in reducing the operational costs of an organization. Moreover, due to the rising environmental concerns, paper shredders are being considered a preferred choice over burning the papers as they minimize the carbon footprint of an organization. Apart from this, since these shredders are affordable, compact and offer the convenience of usage, their demand is accelerating in the country. However, the sudden outbreak of the coronavirus disease (COVID-19) has negatively impacted the suppliers of electronics and electrical products in India on account of complete lockdown imposed by the Government of India and consequent disruptions in the supply chain. Besides this, the limited availability of components and shortage of labor are also impacting the functioning of the paper shredder market. The market is expected to witness growth once normalcy is regained. Looking forward, the market is projected to grow at a CAGR of 9.40% during the forecast period (2020-2025).
- Based on the type, the market has been segmented into the cross, strip and micro-cut shredders.
- On the basis of the bin capacity, the market has been segregated into up to 20, 21-70, 71-135 and above 135 liters.
- The market has been analyzed on the basis of the distribution channel into institutional/direct and retail sales.
- Based on the end user, the market has been bifurcated into commercial and office/residential paper shredder.
- Region-wise, the market has been classified into North, West and Central, South and East India.
- The competitive landscape of the market has been examined, 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. and Kores India Limited.
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