The global automatic paper cutter market size is likely to be evaluated at US$ 228 Mn in 2022 and is expected to reach US$ 309.4 Mn in 2032 and exhibit immense growth at a CAGR of 3.1% in the forecast period.
The user-friendliness of automatic paper cutters makes them highly compatible for personal use as well as in corporate offices, which is likely to significantly increase consumer demand and grow the automatic paper cutter market. However, the ease of availability of paper cutter substitutes is a major impediment to market growth.
In contrast, disposing of confidential information of large multi-national corporations (MNCs) necessitates the deployment of automatic paper cutters in this sector, which is expected to propel market share.
The two most common types of paper cutters on the market are strip-cut and cross-cut. Strip-cut commercial paper shredders are preferred by consumers because they are faster and have more cutting teeth for precision in paper shredding.
Governments are enforcing stringent regulations to emphasize the importance of environmental preservation and protection. This is likely to increase demand for automatic paper cutters because it eliminates the need to burn unwanted paper material, which contributes to pollution.
The number of specialty stores, convenience stores, supermarkets, and so on has increased. Therefore, the delivery processes provided by these stores, as well as the ease in purchasing and quality check of products are subjected to contribute to the offline sales of automatic paper cutters.
Automatic paper cutters secure confidential documents in large government and commercial spaces which increases its demand in the market share. Likewise, the deployment of paper cutters in various organizations further supports its demand.
There has been a rising focus on confidentiality and data security, as well as growing compliance with international security standards. These are estimated to boost product demand and provide future revenue opportunities for manufacturers.
OTHER MARKET PARTICIPANTS OF THE AUTOMATIC PAPER CUTTER MARKET:
- R.C. Systems Co. Inc.
- ITOTEC CO. LTD.
- Vecoplan LLC
- Zhengzhou Huahong Machinery Equipment Co. Ltd.
- Widesky Machinery Co. Ltd.
- Allegheny Shredders Inc.
- WEIMA Maschinenbau GmbH
- Zhangjiagang Seven stars Machinery Co. Ltd.
- Fellowes Brands
- Krug & Priester GmbH & Co. KG.
- Intimus Shredder
- Meiko Shokai
- ACCO Brands
- Martin Yale Industries
- Kobra Shredder
- Insignia Products
- Resideo Technologies Inc.