Publication Month: Nov 2022 | Report Code: TIPRE00029774 | No. of Pages: 188 | Category: Chemicals and Materials | Status: Published
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.
|Market Size Value in||US$ 15,96,288.51 thousand in 2022|
|Market Size Value by||US$ 24,99,318.53 thousand by 2028|
|Growth rate||CAGR of 7.8% from 2022 to 2028|
|No. of Pages||188|
|No. of Tables||87|
|No. of Charts & Figures||106|
|Historical data available||Yes|
|Segments covered||Material, and End-Use Industry|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
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.
Get more information on this report :Market Insights
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.
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.
Get more information on this report :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.
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.