Global demand for profile shredders is estimated to be worth $1.46 billion in 2023, and by the end of 2033, it is predicted to be worth $3.21 billion. The market for profile shredders is anticipated to expand at a fast 8.2% CAGR during the following ten years.
Many different types of customers frequently use profile shredders to totally destroy paper and records for easy disposal. The increased focus on waste management is also anticipated to boost demand for different types of shredders in the future years. Waste shredders, plastic shredders, and shredders for scrap metal are all anticipated to have high demand in the upcoming years.
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Profile shredder manufacturers are launching new products to expand their business potential and generate more sales to bolster their presence in this competitive landscape.
- In June 2022, Bonsaii, a renowned paper shredder manufacturer, announced the launch of its new cross-cut paper shredder. The latest shredder launched has a capacity of 20 sheets.
Key Factors Impacting the Market:
- Increasing Focus on Recycling: The global push for sustainable practices has driven the demand for profile shredders, as they are crucial in breaking down materials for recycling and reusing purposes.
- Waste Management: In waste management facilities, profile shredders help reduce the volume of waste and prepare it for disposal or further treatment.
- Efficiency and Productivity: Advanced profile shredders are designed for high efficiency and throughput, allowing industries to process large volumes of materials quickly.
- Diverse Applications: Profile shredders are used for shredding various materials, including wood, plastics, rubber, metal, and electronic waste.
- Environmental Regulations: Stricter environmental regulations and landfill restrictions have prompted industries to adopt efficient waste reduction and recycling practices, driving the demand for profile shredders.
- Technological Advancements: Ongoing advancements in shredder technology have led to the development of more efficient, versatile, and automated shredding solutions.
Key Takeaways from Market Study
- Demand for profile shredders from 2018 to 2022 rose at 8.7% CAGR.
- The global profile shredders market accounts for a value of US$ 1.46 billion in 2023.
- Over the next ten years, profile shredder shipments are projected to rise at a high-value CAGR of 8.2%.
- By 2033-end, demand for profile shredders is forecasted to rake in a valuation of US$ 3.21 billion.
- An increasing number of commercial spaces and growing demand for proper paper disposal in government offices are expected to boost profile shredders sales over the coming years.
- Rapidly increasing digitization and growing preference for digital copies of documents are expected to impede market growth to some extent.
- From 2023 to 2033, cross-cut profile shredder sales are projected to increase at 9.1% CAGR.
- Profile shredder demand in India is forecasted to rise at a phenomenal 13% CAGR and amass a revenue of US$ 2.84 billion by 2033-end.
Rising paperless economy trend around the world is expected to be a major threat for profile shredder manufacturing companies in the future, says a Fact.MR analyst
Key Types of Profile Shredders:
- Wood Shredders: These are used in the forestry and woodworking industries to process wood waste into smaller pieces for various applications, including biomass fuel, mulch, and composite materials.
- Plastic Shredders: Plastic profile shredders break down plastic waste into smaller particles that can be used for recycling or further processing.
- Metal Shredders: Metal shredders are used to process scrap metal into smaller pieces for recycling and melting into new metal products.
- Tire Shredders: These are specialized shredders designed to process used tires into smaller pieces suitable for various applications, including rubberized asphalt and tire-derived fuel.
Competitive Landscape
Profile shredder manufacturers are penning new distribution agreements to reach out to new regions and expand their business potential to maximize profitability on a global level.
- In October 2021, Krif Ghana Limited acquired exclusive distribution rights to sell a new range of Hewlett-Packard (HP) document shredders and laminators in Ghana.
Key suppliers of shredders are focusing on launching new products to advance their sales growth and improve their stance in the global marketplace.
- In January 2022, Fellowes Brands, a renowned manufacturer of office accessories and technologies, announced the launch of a new paper shredder. The Powershred® 99Ci Cross-Cut Shredder is equipped with SilentShred technology and SafeSense technology to provide a 100% jam-proof experience.
Key Companies Profiled
- ACCO Brands
- GBC
- Allegheny Shredders
- Aurora Corp. of America
- Dahle North America Inc.
- MBM Corp.
- ELCOMAN S.r.l.
- Fellowes Brands
- Swingline
- intimus
- Guangzhou Sunshine Comet Electronic Technology Co. Ltd.
- HSM Shredders
- Krug & Priester GmbH & Co. KG
Key Segments of Profile Shredders Industry Research
- By Shredding Type:
- Strip-cut
- P-1 (Strips ≤ 12 mm)
- P-2 (Strips: ≤ 6 mm)
- P-3 (Strips: ≤ 2 mm)
- Cross-cut
- P-4 (Cross-cut: ≤ 160 mm²)
- P-5 (Cross-cut: ≤ 30 mm²)
- P-6 (Cross-cut: ≤10 mm²)
- P-7 (Cross-cut: ≤ 5 mm²)
- Micro-cut
- Strip-cut
- By Sheet Capacity:
- < 5 Sheets
- 5 to 10 Sheets
- 11 to 50 Sheets
- 51 to 200 Sheets
- Above 200 Sheets
- By Number of Users:
- Up to 5 Users
- Up to 15 Users
- Archives/Central Stations
- By Application:
- Residential
- Commercial
- Government Offices
- Financial Firms
- Law Firms
- Security Firms
- Healthcare Sector
- Real Estate
- Corporate Offices
- Others
- Research & Academics
- By Region:
- North America
- Latin America
- Europe
- APAC
- MEA