Cross Cut Paper Shredders in High Demand by India Companies
Rising
demand for paper shredders from packaging industry, MNCs & government
bodies and growing concern regarding environment protection to drive India
paper shredder market through 2022
In a ‘Voice
of Customer’ survey conducted by TechSci Research in January 2018, ‘Required Specifications
of a Product’ and ‘Recommendations by Other Users’ have emerged as more
important factors than price during the purchase of paper shredders in India.
Avanti came across as the most well-known and popular paper shredder brand in
the survey. Increasing number of business establishments and rising demand from
packaging industry are thought to be the major factors expected to drive India paper
shredder market through 2022.
According to TechSci
Research report, “India
Paper Shredder Market By Cut Type, By Bin Capacity, By Distribution
Channel, Competition Forecast & Opportunities, 2012–2022”, India paper
shredder is projected to cross $ 6 million by 2022. Growth of India paper
shredded market is led by the increasing demand for paper shredders across MNCs
and government bodies & institutions on account of increasing concerns for
data security and rising obligation to comply with international norms of data
security and confidentiality. Moreover, growing awareness among people towards environment
protection, and constant efforts to
stop the burning of paper keeping in view the degrading air quality, is further
expected to surge demand for paper shredders in India over the course of next
five years.
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Antiva,
Avanti, INFRES Methodex, Fellowes and Kobra are some
of the leading brands operating in India paper shredder market, and these
brands are expected to maintain their dominance during the forecast period as
well. Among regions, North India has dominated the market with more than
one-third of volume share in 2016. The region is expected to generate a significant
share of demand for paper shredders in the coming years, and remain dominant through
2022 as well on the back of increasing number of MNCs and other organisations
in the region. Paper
shredder market is broadly categorized into cross cut, strip cut and micro cut.
Cross cut paper shredders dominated the market in 2016 due to their high demand
as they are considered to be comparatively more secure and sophisticated.
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On the basis
of capacity, paper shredders with the bin capacity of 21-70 liters dominated
India paper shredder market in 2016 and the segment is anticipated to lead
through 2022 as well. Institutional / direct distribution channel continues to
be the most popular channel for the sales of paper shredders in the country.
“Increasing focus on environment-friendly policies and government
initiatives to encourage safe and healthy environment would steer the growth in
India paper shredder market. Further, increasing popularity of cost-effective
paper shredders coupled with the rising need for safe disposal of the documents
of the government as well as private organizations would augment demand for paper
shredders in India in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“India Paper
Shredder Market By Cut Type, By Bin Capacity, By Distribution Channel,
Competition Forecast & Opportunities, 2012–2022” has evaluated
the future growth potential of India paper shredder market and provides
statistics and information on market structure, size, share and trends. The
report is intended to provide cutting-edge market intelligence and help
decision makers to take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities present in India paper shredder market.
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