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Home and Office Paper Shredders Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR43656
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The home and office paper shredders market share is expected to increase by USD 981.26 million from 2020 to 2025, at a CAGR of 5.11%.

This home and office paper shredders market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers home and office paper shredders market segmentations by product (cross-cut, micro-cut, and strip-cut), end-user (commercial and residential), and geography (North America, APAC, Europe, South America, and MEA). The home and office paper shredders market report also offers information on several market vendors, including ACCO Brands Corp., Amazon.com Inc., Aurora Corp. of America, Bonsen Electronics Ltd., Dahle North America Inc., Fellowes Inc., intimus International GmbH, Krug and Priester GmbH and Co. KG, Meikoshokai Co. Ltd., and Royal Consumer Information Products among others.

What will the Home and Office Paper Shredders Market Size be During the Forecast Period?

Home and Office Paper Shredders Market Size

Download the Free Report Sample to Unlock the Home and Office Paper Shredders Market Size for the Forecast Period and Other Important Statistics

 

Home And Office Paper Shredders Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing online sales of paper shredders is notably driving the home and office paper shredders market growth, although factors such as increasing use of digital platforms across the world may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the home and office paper shredders industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Home and Office Paper Shredders Market Driver

Growing online sales of paper shredders is a key driving factor impacting the global home and office paper shredders market growth. Shopping convenience and the low costs incurred on selling for retailers will be the key drivers for the growing online sales of paper shredders during the forecast period. Consumers increasingly prefer online platforms for shopping, as they can shop conveniently from the comfort of their homes and offices and even while commuting. As the sales and profits on online channels are much higher than those from traditional offline stores, many retailers sell their products through online platforms. The advertising and marketing of products and the automation of the billing and checkout processes are the other key factors driving the sales of paper shredders through online channels. The increasing penetration of the Internet and online payment channels has encouraged consumers to buy products online.

Key Home and Office Paper Shredders Market Trend

Growing environmental regulations on paper manufacturing is a key trending factor impacting the global home and office paper shredders market growth. Most consumers prefer using environment-friendly products to preserve the environment. Both home and residential customers consider paper shredding as a responsible way of getting rid of waste from the premises. The major players in the office supplies industry are catering to this demand by manufacturing paper shredders that have very little negative effects on the environment. the growing environmental concerns are also impacting the pulp and paper industry. Environmental regulations greatly influence the current practices and future opportunities for the pulp and paper industry. Regulations imposed on the pulp and paper industry are necessary for reducing the environmental impact of the paper manufacturing process. However, lengthy processes for obtaining the necessary permits and inflexible standards may increase the uncertainty about future business opportunities.

Key Home and Office Paper Shredders Market Challenge

Increasing use of digital platforms across the world will be a major challenge negatively impacting the global home and office paper shredders market growth. Digitization has impacted the demand for traditional paper and printing supplies such as printing and writing paper adversely, thereby reducing the demand for shredders. Owing to advances in technology, most of the communication around the globe is taking place through digital gadgets, such as computers, laptops, smartphones, and other smart gadgets. The increasing use of such devices has reduced the demand for paper products, including printing and writing paper. With the advent of advanced technologies such as cloud services, which enable employees to store and transfer documents virtually, the demand for paper products has further decreased.

This home and office paper shredders market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global home and office paper shredders market as a part of the global household appliances market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the home and office paper shredders market during the forecast period.

Who are the Major Home and Office Paper Shredders Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • ACCO Brands Corp.
  • Amazon.com Inc.
  • Aurora Corp. of America
  • Bonsen Electronics Ltd.
  • Dahle North America Inc.
  • Fellowes Inc.
  • intimus International GmbH
  • Krug and Priester GmbH and Co. KG
  • Meikoshokai Co. Ltd.
  • Royal Consumer Information Products

 

This statistical study of the home and office paper shredders market encompasses successful business strategies deployed by the key vendors. The home and office paper shredders market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • ACCO Brands Corp. - The company offers home and office Paper Shredders products such as GBC Cross Cut Shredder ShredMaster X312 SL, GBC Cross Cut Shredder ShredMaster X415, and GBC Cross Cut Shredder ShredMaster X312.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The home and office paper shredders market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Home and Office Paper Shredders Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the home and office paper shredders market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Home and Office Paper Shredders Market?

Home and Office Paper Shredders Market Market segmentation by region

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42% of the market's growth will originate from APAC during the forecast period. China is the key market for home and office paper shredders in APAC. Market growth in this region will be faster than the growth of the market in regions.

One of the major drivers for the paper shredders market in APAC is the increased production and consumption of paper, which is mainly used for documentation purposes which will facilitate the home and office paper shredders market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 has had a huge impact on global industrial supply chains. Certainly, the pandemic has posed severe challenges to the manufacturing industry. For example, paper notebooks and printing papers have seen a notable decrease in demand due to the closure of businesses and offices, which has also impacted the regional home and office paper shredders market. However, the reopening of schools, universities, and offices in countries such as China, India, and Australia is expected to drive the demand for home and office paper shredders in the region during the forecast period.

What are the Revenue-generating Product Segments in the Home and Office Paper Shredders Market?

Home and Office Paper Shredders Market Segmentation

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The home and office paper shredders market share growth by the cross-cut segment will be significant during the forecast period. Cross-cut shredders have both residential and commercial applications, and the demand for these appliances is expected to increase for both applications. This factor will drive the cross-cut segment of the market in focus during the forecast period.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the home and office paper shredders market size and actionable market insights on post COVID-19 impact on each segment.

 

Home and Office Paper Shredders Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 5.11%

Market growth 2021-2025

$ 981.26 million

Market structure

Fragmented

YoY growth (%)

7.25

Regional analysis

North America, APAC, Europe, South America, MEA, North America, APAC, Europe, South America, and MEA

Performing market contribution

APAC at 42%

Key consumer countries

US, Japan, China, Germany, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ACCO Brands Corp., Amazon.com Inc., Aurora Corp. of America, Bonsen Electronics Ltd., Dahle North America Inc., Fellowes Inc., intimus International GmbH, Krug and Priester GmbH and Co. KG, Meikoshokai Co. Ltd., and Royal Consumer Information Products

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Home and Office Paper Shredders Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive home and office paper shredders market growth during the next five years
  • Precise estimation of the home and office paper shredders market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the home and office paper shredders industry across North America, APAC, Europe, South America, MEA, North America, APAC, Europe, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of home and office paper shredders market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Household appliances

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 15: Product - Market share 2020-2025 (%)
    • 5.2 Comparison by Product
      • Exhibit 16: Comparison by Product
    • 5.3 Cross-cut - Market size and forecast 2020-2025
      • Exhibit 17: Cross-cut - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Cross-cut - Year-over-year growth 2020-2025 (%)
    • 5.4 Micro-cut - Market size and forecast 2020-2025
      • Exhibit 19: Micro-cut - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Micro-cut - Year-over-year growth 2020-2025 (%)
    • 5.5 Strip-cut - Market size and forecast 2020-2025
      • Exhibit 21: Strip-cut - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Strip-cut - Year-over-year growth 2020-2025 (%)
    • 5.6 Market opportunity by Product
      • Exhibit 23: Market opportunity by Product

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 24: End-user - Market share 2020-2025 (%)
    • 6.2 Comparison by End-user
      • Exhibit 25: Comparison by End-user
    • 6.3 Commercial - Market size and forecast 2020-2025
      • Exhibit 26: Commercial - Market size and forecast 2020-2025 ($ million)
      • Exhibit 27: Commercial - Year-over-year growth 2020-2025 (%)
    • 6.4 Residential - Market size and forecast 2020-2025
      • Exhibit 28: Residential - Market size and forecast 2020-2025 ($ million)
      • Exhibit 29: Residential - Year-over-year growth 2020-2025 (%)
    • 6.5 Market opportunity by End-user
      • Exhibit 30: Market opportunity by End-user

    7 Customer landscape

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 32: Market share by geography 2020-2025 (%)
    • 8.2 Geographic comparison
      • Exhibit 33: Geographic comparison
    • 8.3 North America - Market size and forecast 2020-2025
      • Exhibit 34: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 35: North America - Year-over-year growth 2020-2025 (%)
    • 8.4 APAC - Market size and forecast 2020-2025
      • Exhibit 36: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 37: APAC - Year-over-year growth 2020-2025 (%)
    • 8.5 Europe - Market size and forecast 2020-2025
      • Exhibit 38: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 39: Europe - Year-over-year growth 2020-2025 (%)
    • 8.6 South America - Market size and forecast 2020-2025
      • Exhibit 40: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 41: South America - Year-over-year growth 2020-2025 (%)
    • 8.7 MEA - Market size and forecast 2020-2025
      • Exhibit 42: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 43: MEA - Year-over-year growth 2020-2025 (%)
    • 8.8 Key leading countries
      • Exhibit 44: Key leading countries
    • 8.9 Market opportunity by geography
      • Exhibit 45: Market opportunity by geography

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • Exhibit 46: Impact of drivers and challenges
      • 9.3 Market trends

        10 Vendor Landscape

        • 10.1 Competitive Scenario
          • 10.2 Vendor landscape
            • Exhibit 47: Vendor landscape
          • 10.3 Landscape disruption
            • Exhibit 48: Landscape disruption
            • Exhibit 49: Industry risks

          11 Vendor Analysis

          • 11.1 Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 51: Market positioning of vendors
            • 11.3 ACCO Brands Corp.
              • Exhibit 52: ACCO Brands Corp. - Overview
              • Exhibit 53: ACCO Brands Corp. - Business segments
              • Exhibit 54: ACCO Brands Corp. - Key offerings
              • Exhibit 55: ACCO Brands Corp. - Segment focus
            • 11.4 Amazon.com Inc.
              • Exhibit 56: Amazon.com Inc. - Overview
              • Exhibit 57: Amazon.com Inc. - Business segments
              • Exhibit 58: Amazon.com Inc. - Key news
              • Exhibit 59: Amazon.com Inc. - Key offerings
              • Exhibit 60: Amazon.com Inc. - Segment focus
            • 11.5 Aurora Corp. of America
              • Exhibit 61: Aurora Corp. of America - Overview
              • Exhibit 62: Aurora Corp. of America - Product and service
              • Exhibit 63: Aurora Corp. of America - Key offerings
            • 11.6 Bonsen Electronics Ltd.
              • Exhibit 64: Bonsen Electronics Ltd. - Overview
              • Exhibit 65: Bonsen Electronics Ltd. - Product and service
              • Exhibit 66: Bonsen Electronics Ltd. - Key offerings
            • 11.7 Dahle North America Inc.
              • Exhibit 67: Dahle North America Inc. - Overview
              • Exhibit 68: Dahle North America Inc. - Product and service
              • Exhibit 69: Dahle North America Inc. - Key offerings
            • 11.8 Fellowes Inc.
              • Exhibit 70: Fellowes Inc. - Overview
              • Exhibit 71: Fellowes Inc. - Product and service
              • Exhibit 72: Fellowes Inc. - Key offerings
            • 11.9 intimus International GmbH
              • Exhibit 73: intimus International GmbH - Overview
              • Exhibit 74: intimus International GmbH - Product and service
              • Exhibit 75: intimus International GmbH - Key offerings
            • 11.10 Krug and Priester GmbH and Co. KG
              • Exhibit 76: Krug and Priester GmbH and Co. KG - Overview
              • Exhibit 77: Krug and Priester GmbH and Co. KG - Product and service
              • Exhibit 78: Krug and Priester GmbH and Co. KG - Key offerings
            • 11.11 Meikoshokai Co. Ltd.
              • Exhibit 79: Meikoshokai Co. Ltd. - Overview
              • Exhibit 80: Meikoshokai Co. Ltd. - Product and service
              • Exhibit 81: Meikoshokai Co. Ltd. - Key offerings
            • 11.12 Royal Consumer Information Products
              • Exhibit 82: Royal Consumer Information Products - Overview
              • Exhibit 83: Royal Consumer Information Products - Product and service
              • Exhibit 84: Royal Consumer Information Products - Key offerings

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Currency conversion rates for US$
                • Exhibit 85: Currency conversion rates for US$
              • 12.3 Research methodology
                • Exhibit 86: Research Methodology
                • Exhibit 87: Validation techniques employed for market sizing
                • Exhibit 88: Information sources
              • 12.4 List of abbreviations
                • Exhibit 89: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Home and Office Paper Shredders Market market growth will increase by $981.26 mn during 2021-2025.
              The home and office paper shredders market market is expected to grow at a CAGR of 5.11% during 2021-2025.
              Technavio has segmented the home and office paper shredders market market by product (cross-cut, micro-cut, and strip-cut) ,end-user (commercial, residential, Europe, South America, and MEA) , and geography (North America, APAC, Europe, South America, and MEA).
              ACCO Brands Corp., Amazon.com Inc., Aurora Corp. of America, Bonsen Electronics Ltd., Dahle North America Inc., Fellowes Inc., intimus International GmbH, Krug and Priester GmbH and Co. KG, Meikoshokai Co. Ltd., Royal Consumer Information Products are a few of the key vendors in the home and office paper shredders market market.
              APAC will register the highest growth rate of 42% among the other regions. Therefore, the home and office paper shredders market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the home and office paper shredders market market growth are:
              • growing online sales of paper shredders
              • Growing environmental regulations on paper manufacturing
              The home and office paper shredders market market vendors should focus on grabbing business opportunities from the cross-cut segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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