The global Automatic Paper Cutter Market size is likely to be evaluated at USD 268.5 million in 2023. The market is expected to reach USD 386.1 million in 2033 and exhibit immense growth at a CAGR of 3.7% in the forecast period.
The user-friendliness of automatic paper cutters makes them highly compatible for personal use and in corporate offices, which is likely to significantly increase their demand amongst consumers and increase the automatic paper cutter market growth. However, the easy availability of substitutes for paper cutters is a major restraint that suppresses the market's growth.
Conversely, disposing of confidential information of large-size multinational corporations (MNCs) requires the deployment of automatic paper cutters in this sector and is likely to propel the market share.
Attributes | Details |
---|---|
Automatic Paper Cutter Market Size (2023) | USD 268.5 million |
Automatic Paper Cutter Market Size (2033) | USD 386.1 million |
Automatic Paper Cutter Market CAGR | 3.7% |
The strip-cut and cross-cut paper cutters are the two most popular types available in the market. Consumers prefer strip-cut commercial paper shredders as they are faster and have more cutting teeth for precision in paper shredding.
Governments are implementing strict regulations on sustaining and protecting the environment. This is likely to surge the demand for automatic paper cutters, as it eliminates the burning of unwanted paper material, which increases pollution.
There has been a rise in specialty stores, convenience stores, supermarkets, etc. Therefore, the delivery processes provided by these stores, as well as the ease of purchasing and quality check of products, are subject to contribute to the offline sales of automatic paper cutters.
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There is a strong preference for paper cutters to destroy unwanted paper, financial systems, loyalty cards, confidential prints, credit cards, etc. Moreover, rising environmental concerns around the world, along with an increase in paper production, are expected to increase the adoption of automatic paper cutters.
There has been a rising consumer awareness of shedding paper products, along with stringent regulations that are likely to be pivotal drivers for market share growth. This is attributed to proper trash management and the reduction of waste size for easier disposal.
Reducing labor expenses and maintaining the protection of personal documents are likely to increase the deployment of automatic paper cutter machines. Hence, certain municipal corporations benefit from automatic paper cutters to properly dispose of data trash without relying on third-party services.
The automatic paper cutters are easy to operate owing to their simpler working process. Furthermore, the costs of most paper shredders are inexpensive. These factors are anticipated to significantly push the sales of the product, which in turn supports market growth.
Advanced automatic paper cutters can be expensive for personal use. Furthermore, there has been a growth in the usage of soft copies for documentation. These factors are expected to hinder the market size.
The rise of digitization and e-commerce may pose severe challenges for the market and its local players. Additionally, the constant fluctuation in the prices of raw materials is another significant barrier to the automatic paper cutters market growth.
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.
Europe is expected to hold the largest share of the automatic paper cutter market, with a revenue of 26%. This is owing to the evolution in the paper mills and flourishing print media.
Germany and France are the leading automatic paper cutter markets in this region. Moreover, the packaging industry and the need to discard confidential data in corporate offices are likely to expand the global automatic paper cutter market size.
With a revenue of 21%, North America is the second leading automatic paper cutter market. This is attributed to the use of different technologies and therefore increasing the adoption of laser paper-cutting processes.
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Paper disposal is an overlooked process, which - if not done with care, can contribute to environmental pollution. Furthermore, burning unwanted paper material releases harmful carbon emissions into the atmosphere.
The production of paper cutters has made this process not only easy but environmentally friendly. The paper scraps can also be reused or recycled for other purposes if required.
There are several types of paper cutters that are available in the market, such as strip-cut and cross-cut paper cutter machines. Start-up companies aim to manufacture paper cutters that mostly cater to their customer's requirements, whether for office, small and large industries, business, or commercial use.
The market growth of automatic paper cutters has been decent in recent years. This is attributed to the presence of high bombers of participants, which effectively makes the market highly competitive. Therefore, providing revenue options for the key players.
Key Market Players of the Automatic Paper Cutter Market:
Some of the recent developments in the automatic paper cutter market are:
Report Attributes | Details |
---|---|
Growth Rate | CAGR of 3.7% from 2023 to 2033 |
The base year for estimation | 2023 |
Historical data | 2018 to 2022 |
Forecast period | 2023 to 2033 |
Quantitative units | Revenue in USD million, volume in kilotons, and CAGR from 2023 to 2033 |
Report Coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors and trends, Pricing Analysis |
Segments Covered | Model, Application, and Region. |
Regional scope | North America; Western Europe; Eastern Europe; Middle East; Africa; ASEAN; South Asia; Rest of Asia; Australia; and New Zealand |
Country scope | USA, Canada, Mexico, Germany, United Kingdom, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, United Arab Emirates, Iran, South Africa |
Key companies profiled | Faldo Ltd.; PaperFolder Co.; Spiraltech Ltd.; Legacy Feeders & Cutters LLC.; Machine Craft Tools Pvt. Ltd.; R.C. Systems Co. Inc.; ITOTEC CO. LTD.; Vecoplan LLC; Zhengzhou Huahong Machinery Equipment Co. Ltd.; Widesky Machinery Co. Ltd.; Franssons; Allegheny Shredders Inc.; WEIMA Maschinenbau GmbH; Zhangjiagang Sevenstars Machinery Co. Ltd.; Fellowes Brands; Krug & Priester GmbH & Co. KG.; HSM; Intimus Shredder; Meiko Shokai; ACCO Brands; Martin Yale Industries; ElcomanSrl; Kobra Shredder; ANDRITZ; Insignia Products; Resideo Technologies Inc. etc. |
Customization scope | Free report customization (equivalent to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The market is valued at USD 268.5 million in 2023.
Increasing digitization and high device costs hamper the market growth.
Fully automatic paper cutters are expected to expand.
The market is projected to reach USD 386.1 million by 2033.
Europe is projected to register at a 26% share until 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Model 5.1. Semi-Automatic Paper Cutters 5.2. Fully Automatic Paper Cutters 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Pre-Press Printing 6.2. Print & Publication 6.3. Paper Mills Processing 6.4. Paper Packaging 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. R.C. Systems Co. Inc. 17.2. ITOTEC CO. LTD. 17.3. Vecoplan LLC 17.4. Zhengzhou Huahong Machinery Equipment Co. Ltd. 17.5. Widesky Machinery Co. Ltd. 17.6. Franssons 17.7. Allegheny Shredders Inc. 17.8. WEIMA Maschinenbau GmbH 17.9. Zhangjiagang Sevenstars Machinery Co. Ltd. 17.10. Fellowes Brands 17.11. Krug & Priester GmbH & Co. KG 17.12. HSM 17.13. Intimus Shredder 17.14. Meiko Shokai 17.15. ACCO Brands 17.16. Martin Yale Industries 17.17. ElcomanSrl 17.18. Kobra Shredder 17.19. ANDRITZ 17.20. Insignia Products 18. Assumptions & Acronyms Used 19. Research Methodology
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