Global Paper Shredder Market - Mumbai

Global Paper Shredder Market was valued at US$ 327.7 Mn in 2019 and is expected to reach US$ 602.27 Mn by 2026, at a CAGR of 7.0% during a forecast period.

The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.



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Based on the end user, the commercial sector is expected to lead the market growth during the forecast period due to rising demand for paper shredders from the commercial sector for destroying paper documentation which is confidential and high-security concerns data. Growing industrialization in developing countries is also boosting market growth. On the basis of cut types, a micro cut segment is expected to lead the market growth during the forecast period.

Growing demand for paper shredders in government, organizations, and businesses to destroying confidential documents is propelling market growth across the globe. Increasing concerns regarding the environment and rising preference to the shredder for destroying papers rather than burning papers are other driving factors of the market.
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