Slip and Tier Sheets Market Size, Share | Report Forecast 2028

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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)

Publication Month: Nov 2022 | Report Code: TIPRE00029774 | No. of Pages: 188 | Category: Chemicals and Materials | Status: Published

The slip and tier sheets market size is expected to reach US$ 24,99,318.53 thousand by 2028; it is expected to grow at a CAGR of 7.8% from 2022 to 2028.

Slip and tier sheets are affordable alternatives to wooden pallets. These sheets occupy less space than wooden pallets and allow transportation of more truck load, saving the logistical expenses of companies. Slip and tier sheets are generally made of kraft paper, corrugated fiberboard, high density polyethylene (HDPE), and polypropylene. Plastic slip and tier sheets are becoming increasingly popular as they are affordable, possess a significant amount of strength, suitable for heavy-duty material handling, and provide strong structural support to the products.

In 2021, North America held the largest revenue share of the global slip and tier sheets market. The US, Canada, and Mexico are key economies of North America. Growing transborder freight between North American countries is one of the major factors driving the slip and tier sheets market growth across the region. Transport organizations and manufacturers are highly preferring slip and tier sheets over wooden pellets due to various advantages associated with the usage of slip and tier sheets, which is fueling the market growth in the region. Further, many domestic and international slip and tier sheet manufacturers have a substantial presence in North America. Manufacturers in the region are investing heavily in the research and development of slip and tier sheets, which is projected to fuel the market growth during the forecast period.

Strategic Insights

Report Coverage - Slip and Tier Sheets Market
Report CoverageDetails
Market Size Value inUS$ 15,96,288.51 thousand in 2022
Market Size Value byUS$ 24,99,318.53 thousand by 2028
Growth rateCAGR of 7.8% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
No. of Pages188
No. of Tables87
No. of Charts & Figures106
Historical data availableYes
Segments coveredMaterial, and End-Use Industry
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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Impact of COVID-19 Pandemic on Slip and Tier Sheets Market

Food & beverages, chemicals, pharmaceuticals, and consumer electronics industries are the major end users of the slip and tier sheet market. However, in 2020, various industries had to slow down their operations due to disruptions in value chains caused by the shutdown of national and international boundaries. The onset of the COVID-19 pandemic, which led to social restrictions and economic impact, has caused fluctuations in the prices of raw materials, thereby hampering the process of slip and tier sheet manufacturing. Various logistics firms involved in the movement, storage, and flow of goods, were directly affected by the COVID-19 pandemic.

Moreover, the growing demand for pharmaceutical products, especially medicines and drugs, amid the COVID-19 pandemic supported the slip and tier sheets market growth. Further, due to the impacts of the pandemic, many e-commerce logistics businesses witnessed a surge in online purchases due to changing consumer habits. Thus, the continuation of activities in the food & beverages, pharmaceuticals, and e-commerce industries resulted in the gradual growth of the slip and tier sheet market during the COVID-19 pandemic.

Global Slip and Tier Sheets Market Breakdown – by Region

Global Slip and Tier Sheets Market Breakdown – by Region

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Market Insights

Increasing Use of Slip and Tier Sheets

Slip sheets are much lighter than pallets, and using them for transportation or storage is much easier. It saves space over traditional pallets, allowing the user to export more products. Hence, reduced storage space and a lightweight design of slip sheets help to reduce transportation costs. Slip sheets also help to reduce fuel emissions as they are lighter to transport than wood pallets. It is easily recyclable, eco-friendly, versatile, and can be used in cold and humid environments. Further, tier sheets are made from 100% recycled paper. These sheets are available in different sizes that are compatible with all types of pallets. Tier sheets are durable and can also be used in harsh conditions. Due to all these benefits, the use of slip and tier sheets is increasing, which is driving the global slip and tier sheets market growth.

Material Insights

Based on material, the global slip and tier sheets market is segmented into kraft paperboard, corrugated fiberboard, high density polyethylene (HDPE), and others. The kraft paperboard segment held the largest share of the global slip and tier sheets market in 2021. Kraft paperboard is cost-effective and lightweight; hence, it is used for protecting and packaging products during transportation. Kraft paperboards are used in many applications, including product manufacturing, fast food outlets, and the production of point-of-sale displays. Kraft paperboard is an eco-friendly alternative to plastic. The slip and tier sheets made from kraft paperboard protect boxed and bagged bulk products against tears and punctures caused by pallet nails and deck boards.

Slip and Tier Sheets Market, by Material – 2021 and 2028

Slip and Tier Sheets Market, by Material – 2021 and 2028

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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. Market players 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.

Report Spotlights

  • Progressive industry trends in the slip and tier sheets market to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the slip and tier sheets market from 2020 to 2028
  • Estimation of global demand for slip and tier sheets
  • Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
  • Recent developments to understand the competitive market scenario
  • Market trends and outlook as well as factors driving and restraining the growth of the slip and tier sheets market
  • Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
  • The slip and tier sheets market size at various nodes
  • Detailed overview and segmentation of the market, as well as the slip and tier sheets industry dynamics
  • Size of the slip and tier sheets market in various regions with promising growth opportunities

Based on material, the global slip and tier sheets market is segmented into kraft paperboard, corrugated fiberboard, high density polyethylene (HDPE), and others. Based on end-use industry, the market is categorized into food & beverage, consumer electronics, chemicals, pharmaceuticals, retail, and others.

Company Profiles

  • 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
  • Dura-Fibre LLC

Frequently Asked Questions

The major players operating in the global slip and tier sheets market are Fresh Oak Corp.; International Paper Co.; Georgia-Pacific LLC; Menasha Corp.; Signode Industrial Group LLC; Fiber Converters, Inc.; Red Rock Pallet Co. Inc.; West Rock Co.; Badger Paperboard, Inc.; Dura-Fiber LLC.
High demand for plastic slip sheets is anticipated to fuel the slip and tier sheets market growth. Plastic slip sheets are made from high-density polyethylene and polypropylene. These plastic slip sheets can be manufactured from 100% recyclable, high-density polyethylene. Plastic slip sheets are highly suitable for humid or freezing conditions as they are resistant to water and moisture. A few players operating in the slip and tier sheet market are offering plastic slip sheets with an anti-slip coating.
Based on material, high-density polyethylene segments accounted for the largest revenue share. High Density Polyethylene (HDPE) is made of a string of ethylene molecules, which results in a highly useful type of plastic that is durable and lightweight. Its advantages include high non-tear strength, longer sheet life, and can be stored in cold or humid environments.
Asia Pacific accounted for the largest share of the global slip and tier sheets market. Asia Pacific is a global hub for the manufacturing and exporting technical consumer goods (TCG), including many consumer electronics such as mobile phones, laptops & computers, radio sets, sound systems, televisions & television sets, essential electronic parts, and small & big domestic appliances. Thailand is one of the major manufacturers of consumer electronics across Southeast Asia. According to the CEIC Data, in 2019, Thailand alone exported hard disk drives worth more than US$ 10 billion.
Based on the end-use industry, consumer electronics segment is projected to register the highest CAGR over the forecast period. A few examples of consumer electronics are electronic gadgets, mobile devices, and home appliances, including audio and video systems, digital cameras, DVD players, small home and kitchen appliances, GPS devices, mobile phones, etc. A slip sheet is used in the packaging and shipping of such electronic products. A slip sheet is used for product protection and stability. This palletless handling helps to load more goods per container. Further, increasing government investment in electronic product manufacturing and rising demand for consumer electronics is driving the segment growth.
Increasing use of slip & tier sheets is driving the slip and tier sheets market growth. Slip sheet is a thin and lightweight alternative to wood pallets. Slip sheets are much lighter than pallets and using them for transportation or storage is much easier. It saves space over traditional pallets, allowing the user to export more products. Hence, reduced storage space and a lightweight design of slip sheets help to reduce transportation costs. Slip sheets also help to reduce fuel emissions as they are lighter to transport than wood pallets. It is easily recyclable, eco-friendly, versatile, and can be used in cold and humid environments.

The List of Companies - Slip & Tier Market

  1. Fresh Oak Corp.
  2. International Paper Co.
  3. Georgia-Pacific LLC
  4. Menasha Corp.
  5. Signode Industrial Group LLC
  6. Fiber Converters, Inc.
  7. Red Rock Pallet Co. Inc.
  8. West Rock Co.
  9. Badger Paperboard, Inc.
  10. Dura-Fiber LLC
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global slip & tier sheets market, thereby allowing players to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
TIPRE00029774
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