Shredded Paper Filler Market Snapshot 2023 to 2033
The global shredded paper filler market is anticipated to accumulate a market value of US$ 2.49 billion in 2023 and is expected to record a market valuation of US$ 5.2 billion by exhibiting a CAGR of 7.6 % in the forecast period 2023 to 2033. The market for Shredded paper filler market registered a CAGR of 5.5% in the historical period 2018 to 2022.
Shredded paper filler is used in numerous applications, including packaging for fragile items, like glassware and electronics, as well as for cushioning and protecting non-fragile items during shipping. It is also used as filler material in gift baskets and for packaging of food items.
Increasing demand for eco-friendly packaging solutions is expected to drive the sales of shredded paper fillers. As consumers become more conscious of their environmental impact and companies look for ways to minimize their carbon footprint, the use of recycled paper products is anticipated to increase. Furthermore, government regulations and industry standards that promote sustainable packaging practices will likely spur growth in the market.
There are many types of shredded paper filler according to the product and box size, as each industrial shredded product features its own unique benefit. For instance, shredded corrugated cardboard paper filler is perfect for heavy and irregular shaped objects that require heavy-duty protection. On the other hand, newspaper shred can be used for glass, fruits, dishware, and fragile items that need soft padding as newspapers typically are the most commonly available and affordable.
Likewise, shredded colored paper filler provides an attractive and display worthy packaging look with a protection respectively. Similarly, kraft paper shred filler offers a natural look and can also be used for decorative packaging which require a bit extra care, such as gift basket with glass jar.
The shredded paper filler is also used in making gift hampers and basket for displays. For a variety of packaging needs at affordable prices, several manufacturers can have a good opportunity to enter the shredded paper market thereby expanding the market growth.
Region-wise, North America is expected to dominate the shredded paper filler market of by accumulating 39% market share by end of the forecast period. Increasing number of commercial spaces, penetrating the sales of shredding machines in countries such as the United States and Canada is driving growth in this region. Furthermore, the penetration of leading manufacturers in the region such as Fellowes, Inc.; ACCO Brands; Intimus Shredder; and Elcoman Srl is expected to drive the demand for shredding machines over the forecast period. Thus, increasing sales of shredding machines will positively benefit the shredded paper filler demand as well. Growing awareness among people regarding the easy disposal of waste paper items in the industry is also driving the growth of shredded paper packaging market.
Similarly, the market in Asia Pacific is expected to expand at the highest CAGR of 9.1 % during the forecast period, due to surging demand for shredders in government offices and compact-sized private spaces in countries such as China and India. The growth is also attributed to the increasing purchasing power of consumers and propensity towards the use of efficient products for easy disposal of commercial waste items in the industry.
Data Points
Key Statistics
Expected Market Value in 2023
US$ 2.49 billion
Projected Market Value in 2033
US$ 5.2 billion
Growth Rate (2023 to 2033)
7.6 % CAGR
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How Competitive is the Market?
Latest developments in technology, mergers, acquisitions, tie-ups, and partnerships within the companies involved in manufacturing shredded paper filler are expected to create lucrative opportunities for market growth during the forecast period.
In July 2022: Mondi and converter Fiorini International collaborated to develop a new paper packaging option for Italian premium pasta product manufacturer Antico PastificioUmbro. When applied to all pasta products, the latest packaging, which is 100% recyclable, could reduce the amount of plastic used by up to 20 tons annually.
In April 2022: DS Smith launched a corrugated cardboard box for the e-commerce shipment of medical devices. The corrugated cardboard box provides single-material solution instead of glued packaging with a single-use plastic insert.
Shredded paper filler is the most economical and eco-friendly packaging solution for exporting shipping cartons to long distances safely. Also, boxes are prone to get jostled many times between when they are dropped off during transportation. The manufacturers of shredded paper filler enable packaging of valuable products more safely and efficiently by cutting the overall risk of damage.
There are different types of shredded paper filler according to the product and box size, as each industrial shredded product offer its own benefit. Shredded corrugated cardboard paper filler is perfect for heavy & irregular shaped objects that need heavy-duty protection. On the other hand, newspaper shred can be used for glass, fruits, dishware, and fragile items that need a bit soft padding as newspapers typically are the most easily available and affordable.
Also, shredded coloured paper filler provides an attractive and display worthy packaging look with a protection respectively. Similarly, kraft paper shred filler offer a natural look and can also be used for decorative packaging which needs a little extra care, such as gift basket with glass jar.
The shredded paper filler is particularly well used in making gift hampers and basket for displays. For a variety of packaging needs at affordable prices, the different manufacturers can have a good opportunity to enter the shredded paper market.
Shredded paper filler market- Market dynamics
Shredded paper filler manufacturers use professional machinery to efficiently gain paper shred from newspaper, corrugated cardboard etc. The high powered machine cuts the paper and gives zigzag shreds of paper as output.
Apart from paper, there are various materials which are used as shredded filler such as plastic, wood, foam. Paper is preferred more in the manufacturing of shredded filler as paper shred can be recycled, are safe for the environment and allow an easy transport. Also this helps in cost cutting and saving millions of dollars.
The paper and its products are taken to a paper mill and are then condensed by shredders that strip-cut, cross-cut and particle-cut paper into small-small shreds. After the usage, these shredded paper filler are then reduced to raw pulp, which is used in the manufacturing of new paper.
Used cardboard boxes and cartons are shredded by the help of steel cutters to produce packing material. On a larger scale recycled paper has many uses such as these can be made into high quality substances which are reliable to make walls in the buildings. On smaller scale, this recycled paper is used in manufacturing decorative items.
Due to the rise in the digital era and information safeguarding documents are also shredded for security purposes. Bank account information, medical reports and other identifying information is destroyed by shredding them in order to prevent criminals from exploiting them. Therefore, the shredded paper filler will see rising growth in the market.
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Shredded paper filler market- Regional Outlook
Europe and North America has a strong market for shredded paper filler as most of the key service providers are highly concentrated in these regions. Also, markets in these regions are becoming saturated so, companies in these regions are expanding globally. Asia Pacific is one of the promising regions for the shredded paper filler market because of the growth of many emerging economies.
Other regions such as Middle East & Africa and Latin America also have strong potential of growth opportunity for the shredded paper filler market.
Shredded paper filler market- Competitors
The different competitors in the Shredded paper filler market are as follows-
SHREDDERS & SHREDDING CO.
Yiwu Zhengtang Stationery Co., Ltd
Wello Gift Co., Limited
Yuyao Wanji Gift Packaging Co., Ltd.
ITS - Shredding & Grinding Solutions
Shredhouse Ltd.
Your Packaging Resource, Inc.
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Shredded paper filler market- Market segmentation
By type, the shredded paper filler market is segmented as follows:
Plain
Crinkled
By material, the shredded paper filler market is segmented as follows:
Newspaper shred
Kraft paper shred
Corrugated cardboard shred
Cellophane paper shred
By application, the shredded paper filler market is segmented as follows:
