GVR Report cover Paper Shredder Market Size, Share & Trends Report

Paper Shredder Market Size, Share & Trends Analysis Report By Product (Strip-cut, Cross-cut, Micro-cut), By Distribution Channel (Online, Offline), By Region, And Segment Forecasts, 2019 - 2025

  • Report ID: GVR-3-68038-365-2
  • Number of Report Pages: 80
  • Format: PDF, Horizon Databook
  • Historical Range: 2015 - 2017
  • Forecast Period: 2019 - 2025 
  • Industry: Consumer Goods

Report Overview

The global paper shredder market size was valued at USD 1.7 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 7.8% from 2019 to 2025. A paper shredder is a kind of machine used to cut papers into pieces before throwing them into the waste. Many government offices, private organizations, large corporations, small businesses, and individuals use this to destroy their confidential documents and sensitive information such as marketing plans, financial statements, strategic initiatives, and other employee data. The product is utilized to turn data secured documents into waste to prevent them from theft or unauthorized imitation.

U.S. paper shredders Market size

The penetration of the shredding machines ranges from the corporate offices and small businesses to the large industrial and defense departments with the use of varying cuts of strip papers by the consumers. Moreover, the product helps in securing the data of the company by disposal of financial statements, loyalty cards, credit cards, confidential prints, magnetic tapes, and CDs/DVDs.

However, awareness regarding the disposal of waste and reduction of the size of waste for its easy disposal has increased the sales of shredding machines in the industry. Some municipal corporations used to rely on some third-party services for disposing of their data waste. Introduction and growth of the paper shredders have decreased the labor work, along with providing security to its personal documents.

Moreover, the simpler working process of the shredding machines, along with its cheap price to accommodate easily in the budget, will drive the market. The product is highly compatible for any personal use and can be kept near the desk. This provides convenience for the consumers in shredding the waste papers without misuse of time in disposing of the papers.

The paper shredder market is anticipated to witness a rise in sales in the forecast period due to differences in choices of shredders such as micro-cut, strip-cut, and cross-cut types for the consumers. There are different types of security levels in the products such as DIN P-1, DIN P-2, DIN P-3, DIN P-4, DIN P-5, DIN P-6, and DIN P-7 for cutting different sizes of paper, which provides different options to consumers.

However, the machines also come with different specifications such as sheet capacity, bin capacity, run time, and cool time in different brands, thereby boosting the growth of the product in the market. Moreover, the rise in the purchasing power of consumers, along with increasing concerns over the disposal of secured data, has increased the sales of products in the market.

Product Insights

The cross-cut type segment accounted for the largest share of 55.6% in the year 2018. The growth of the segment is attributed to the speed of this machine as compared to other types. It cuts the paper at the crossway and forms small pieces of paper. Moreover, the high durability of items, along with their cheaper price, drives the sales of products in the market. The product demand is anticipated to increase in the future due to the ease in use of such kind of machine, along with its easy installation and service requirement.

Micro-cut type is the fastest-growing segment, expanding at a CAGR of 9.0% from 2019 to 2025. The product is utilized as it provides the highest level of security by producing unreadable paper particles using security levels of P-5, P-6, or P-7, thereby boosting its growth in the market.

Moreover, a rise in the number of large size MNCs that use micro-level shredding machines to dispose of confidential information is anticipated to fuel the growth of the product over the forecast period. Moreover, the high price of machines as compared to other types, along with its implementation of high-security levels needed in government offices and large businesses, is anticipated to generate higher revenue in the market.

Distribution Channel Insights

The offline channel accounted for the largest share of 86.3% in the year 2018. Growth in offline sales is attributed to rising consumer preference to access shredders for checking the product feasibility and specifications such as bin storage size and heat and cool time features available in products. Moreover, different attachments in products such as rollers and bins through stores, along with the availability of certain brands and effective pricing, are anticipated to drive the demand over the forecast period.

The rise in the number of quality items in specialty stores, convenience stores, hypermarkets, and supermarkets has significantly contributed to offline sales of shredding machines in the market. Moreover, along with the ease in purchasing and quality check of products, the delivery services provided by the stores are anticipated to boost the growth of the products in the market.

Global paper shredders Market share

The online segment is the fastest-growing channel, expanding at a CAGR of 10.3% over the forecast period. The paper shredders market is driven by the rising number of e-commerce websites such as Flipkart, Amazon, AliExpress, and Walmart offering a different range of items for consumers. The market seems to drive its accessibility through door-to-door delivery services preferable to the working population.

However, deals and offers and discounted items offered through the online sector, along with a rising number of online distributors in the industry, are expected to drive the market over the forecast period. Moreover, major municipal corporations and companies deal with manufacturers through online channels to provide bulk delivery of such products for them.

Regional Insights

In terms of value, North America held the largest share of 38.8% in the year 2018. The market is driven by rising in the number of commercial spaces, penetrating the sales of shredding machines in countries such as the U.S. and Canada. Moreover, the penetration of leading manufacturers in the region such as Fellowes, Inc.; ACCO Brands; Intimus Shredder; and Elcoman Srl is anticipated to drive the demand for shredding machines over the forecast period. The market is also driven by rising awareness among the people regarding the easy disposal of waste paper items in the industry.

Asia Pacific is expected to expand at the highest CAGR of 9.9% over the forecast period, on account of rising demand for shredders in government offices and small-sized private spaces in countries such as China and India. The growth is attributed to the rising purchasing power of consumers and inclination towards the use of efficient products for easy disposal of commercial waste items in the industry.

However, paper shredders with high efficiency are witnessing high demand due to saving time for consumers, along with rising disposable income in the regional market. Moreover, market growth is anticipated to witness significant growth due to stabilized economic conditions and rapid urbanization observed in various countries of the region.

Key Companies & Market Share Insights

Rising demand for shredding machines in countries such as China, India, and Brazil leads to an increase in innovations and market developments, thereby fueling its demand in the market. The market is identified by several strategic activities such as partnerships, product innovations, awards, and product launches.

For instance, in November 2018, HSM GmbH + Co. KG was awarded the Office Product Award for its HSM series of shredders in the industry. The growth of the market is attributed to rise in the number of manufacturers due to growing demand among consumers for data secured essentials in various industries. Some of the prominent players in the paper shredder market include:

  • Fellowes, Inc.

  • Krug + Priester GmbH & Co. KG

  • ACCO Brands

  • Intimus Shredder

  • HSM GmbH + Co. KG

  • Elcoman Srl

  • Dahle North America, Inc.

  • Martin Yale Industries

Paper Shredder Market Report Scope

Report Attribute


Market size value in 2020

USD 1.95 billion

Revenue forecast in 2025

USD 2.86 billion

Growth Rate

CAGR of 7.8% from 2019 to 2025

Base year for estimation


Historical data

2015 - 2017

Forecast period

2019 - 2025

Quantitative units

Revenue in USD billion and CAGR from 2019 to 2025

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, distribution channel, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Germany; U.K.; China; India; Brazil; South Africa

Key companies profiled

Fellowes, Inc.; Krug + Priester GmbH & Co. KG; ACCO Brands; Intimus Shredder; HSM GmbH + Co. KG; Elcoman Srl; Dahle North America, Inc.; Martin Yale Industries

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

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Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global paper shredder market report on the basis of product, distribution channel, and region:

  • Product Outlook (Revenue, USD Billion, 2015 - 2025)

    • Strip-cut

    • Cross-cut 

    • Micro-cut  

  • Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025)

    • Online

    • Offline

  • Regional Outlook (Revenue, USD Billion, 2015 - 2025)

    • North America

      •  The U.S.

    • Europe

      • Germany

      •  The U.K.

    • Asia Pacific

      • China

      •  India

    • Central & South America

      •  Brazil

    • Middle East & Africa

      • South Africa

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