Paper shredders are meant to cut the papers either into fine particles or stripes. The three major categories of paper shredders include strip-cut, cross-cut, and micro-cut. The global paper shredder market is projected to grow at a moderate CAGR during the forecast period (2020-2026). The key factors that drive the growth of the market include the increasing need for the reduction of paper burning and protect the paper by cutting them either into fine particles or stripes. Confidential documents and sensitive papers such as employee data, salary details, medical records, legal papers, and many more such documents are intended to be disposed of correctly after their use, as stated by the Data Protection Act. Hence, the need to fulfill the proper disposal without any burning of paper is likely to upsurge the growth of the paper shredder market over the forecast period.
