The slip and tier sheets market was valued at US$ 15,96,288.51 thousand in 2022; registering at a CAGR of 7.8% from 2022 to 2028, according to a new research study conducted by The Insight Partners.
Growth of E-commerce & Logistics Sectors to Escalate Slip and Tier Sheets Market Growth
The report highlights key factors driving the slip and tier sheets market growth and prominent players along with their developments in the market.
The advantages of using slip sheets over pallets include lower purchasing and transportation costs, maximized warehouse space, and eco-friendly functionality. Further, tier sheets are durable and can also be used in harsh conditions. Tier sheets are available in different sizes that are compatible with all types of pallets. These sheets can be made from 100% recycled paper.
Global Slip and Tier Sheets Market Breakdown – By Region
Slip and Tier Sheets Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Material [Kraft Paperboard, Corrugated Fiberboard, High Density Polyethylene (HDPE), and Others] and End-Use Industry (Food & Beverage, Consumer Electronics, Chemicals, Pharmaceuticals, Retail, and Others)
Slip and Tier Sheets Market Size, Share | Report Forecast 2028
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The logistics industry growth is attributed to the rising demand for e-commerce and online shopping, rapid expansion of various sectors such as retail, and various government initiatives on infrastructure development. In the last few years, e-commerce has grown exponentially, and companies such as Amazon, Walmart, and Alibaba have ensured that customers will receive their required commodities using e-commerce applications on their smartphones. The high preference for online shopping is leading to a huge increase in demand for logistics services. The growth of the e-commerce & logistics sectors is creating a huge demand for packaging products such as slip and tier sheets. These sheets are highly useful for various products, including food, beverage, consumer goods, chemicals, and pharmaceutical products.
A few players operating in the global slip and tier sheets market include Fresh Pak Corp, International Paper Co, Georgia-Pacific LLC, Menasha Corp, Signode Industrial Group LLC, Fibre Converters Inc, Red Rock Pallet Co Inc, WestRock Co, Badger Paperboard Inc, and Dura-Fibre LLC. Players operating in the slip and tier sheets market are focusing on providing high-quality products to fulfill customer demand. They are also focusing on strategies such as investments in research and development activities and mergers & acquisitions.
Impact of COVID-19 Pandemic on Slip and Tier Sheets Market
The unprecedented rise in the number of COVID-19 cases across the globe and the subsequent lockdown of numerous manufacturing facilities hampered the slip and tier sheets market growth. The travel restrictions that were imposed to reduce the spread of SARS-CoV-2 disrupted the ability of companies to transport their products, which led to a reduction in the demand for slip and tier sheets that are used for the handling and transportation of packaged goods.
Moreover, the COVID-19 pandemic positively impacted e-commerce logistics businesses due to a surge in online purchases owing to changing consumer habits. All these factors have created a positive impact on the slip and tier sheets market growth. In 2021, the economies started reviving their operations, and various industries resumed their business activities. Hence, the transportation & logistics sectors also witnessed a recovery in their operations, which bolstered the demand for slip and tier sheets.
The report includes the segmentation of the global slip and tier sheets market as follows:
The global slip and tier sheets market is segmented into material, end-use industry, and geography. Based on material, the market is segmented into kraft paperboard, corrugated fiberboard, high density polyethylene (HDPE), and others. Based on end-use industry, the global market is segmented into food & beverage, consumer electronics, chemicals, pharmaceuticals, retail, and others. By geography, the global market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The slip and tier sheets industry in North America is further segmented into the US, Canada, and Mexico. The market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The market in Asia Pacific is further categorized into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The market in South & Central America is further categorized into Brazil, Argentina, and the Rest of South & Central America.
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