Lewes, DE -- (SBWIRE) -- 01/23/2018 -- Report forecast the global home and office paper shredder market to grow at a CAGR of 6.04% during the period 2017-2021.

Paper shredders are electronic equipment, which are used to destroy confidential documents by cutting them into minute strips or pieces such that it becomes unreadable. This ensures the protection of confidential and sensitive information. They are also used to eliminate waste around the office or home.

The report covers the present scenario and the growth prospects of the global home and office paper shredder market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.

The market is divided into the following segments based on geography:
- China
- Japan
- APAC
- EMEA

According to the report, one of the major drivers for this market is Increased need for security to ensure data protection. Growing competition among companies has created the need for them to protect confidential data of their businesses by following safe documentation procedures. Similarly, increased instances of identity theft of employees, customers, and clients by accessing personal information of individuals have raised questions about the data security.

Further, the report states that one of the major factors hindering the growth of this market is Increasing concern about safety measures. Paper shredders are a compilation of sharp blades and teeth which spin at a rapid speed in thousands of revolutions per minute (RPM). These machines are mostly placed in a corner where everyone will have the accessibility to use it. However, these electronic machines are not programmed to distinguish between a paper and items such as clothing, jewelry, paper clips, or even human fingers.

Global Home and Office Paper Shredder Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global home and office paper shredder market: Acco brands, Amazon basics, HSM, Fellowes brands, and Intimus.

Other Prominent Vendors in the market are: Aurora Corp. of America, Bonsaii, Royal Consumer Information Products, Meiko Shokai, EBA, Staples, Shred-it, and Dahle.

Market driver
- Increased need for security to ensure data protection
- For a full, detailed list, view our report

Market challenge
- Increasing concern about safety measures
- For a full, detailed list, view our report

Market trend
- Growing popularity of low-cost portable shredders
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?

Spanning over 69 pages "Global Home and Office Paper Shredders Market 2017 - 2021" report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market segmentation by product, Market segmentation by end-user, Geographical segmentation, Key leading countries, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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