The slip and tier sheets market is projected to expand from US$ 1.72 billion in 2023 to US$ 3.18 billion by 2031, reflecting a compound annual growth rate (CAGR) of 8.0% during the period from 2023 to 2031.

Slip and tier sheets are produced from various materials, including kraft paper, corrugated fiberboard, high-density polyethylene (HDPE), and polypropylene. These sheets are utilized across multiple sectors such as food and beverage, consumer electronics, chemicals, pharmaceuticals, retail, and other industries. The increasing adoption of slip and tier sheets in diverse applications is attributed to their numerous advantages over traditional pallets. A significant number of food and beverage companies are transitioning to slip and tier sheets to lower their shipping and transportation expenses, which is a key factor propelling market growth. Furthermore, the expansion of the e-commerce and logistics industries worldwide is contributing to the rise of the global slip and tier sheet market. These sheets are essential for transporting a variety of products, including food items, beverages, consumer goods, chemicals, and pharmaceuticals. Their cost-effectiveness and eco-friendliness, along with their ability to maximize shipping and storage space, make them highly desirable. The growing demand for plastic slip sheets is anticipated to create additional lucrative opportunities for the global slip and tier sheet market in the near future. However, some limitations exist, such as their lower structural support compared to pallets, which may slightly hinder market growth during the forecast period.

The global slip and tier sheets market is categorized by end-use industry into segments such as food and beverage, consumer electronics, chemicals, pharmaceuticals, retail, and others. In 2023, the food and beverage segment dominated the market, primarily due to its use as a substitute for conventional wooden pallets, which helps prevent damage. These sheets are commonly employed in the transportation of beverage containers, processed foods in cartons and sacks, fruit and vegetable crates, dairy products, and dry goods like salts and other ingredients. A significant advantage of utilizing slip and tier sheets in this sector is the reduction of manual handling, which often leads to worker injuries.

In 2023, North America accounted for the largest share of revenue in the global slip and tier sheets market. The North American market is divided into the US, Canada, and Mexico. The increase in cross-border freight among North American nations is a major driver of market growth in this region. There is a growing recognition of the benefits of slip and tier sheets in material handling, leading to their increased application across various sectors. The United States, a key player in North America, significantly contributes to the slip and tier sheet market's expansion. According to the United Nations COMTRADE, US pharmaceutical exports reached US$ 77.96 billion in 2021 and continue to grow at a robust rate. Additionally, the Chemical Industry Association of Canada reports that 74% of Canada's industrial chemical production was exported in 2021, indicating a strong export market. This surge in pharmaceutical and product exports is expected to further stimulate market growth in the region. Moreover, leading companies in the slip and tier sheets market are investing in research and development to enhance product quality.

Prominent companies in the slip and tier sheet market include Fresh Pak Corp, International Paper Co, Georgia-Pacific LLC, Signode Industrial Group LLC, WestRock Co, Dura-Fibre LLC, Smurfit Kappa Group Plc, Crown Paper Converting, Eltete TPM Oy, and Sonoco Products Co. These market players are focused on delivering high-quality products to meet customer needs. They are also implementing various strategies, such as launching new products, expanding production capacities, and forming partnerships and collaborations to maintain competitiveness. The market forecast for slip and tier sheets can assist stakeholders in strategizing their growth plans. For example, in September 2023, Sonoco Products Co announced the completion of its acquisition of the remaining equity interest in RTS Packaging, LLC from its joint venture partner WestRock, along with a WestRock paper mill in Chattanooga, Tennessee. This acquisition is expected to enhance Sonoco's portfolio of 100% recycled fiber-based packaging solutions for the growing consumer markets in wine, spirits, food, beauty, and healthcare. With this acquisition, Sonoco has integrated a network of 15 operations and 1,100 employees across the US, Mexico, and South America. In November 2021, Badger Paperboard, a chipboard converting company based in Fredonia, Wisconsin, announced its acquisition of Falcon Packaging in Houston, Texas. This addition of Falcon Packaging's full converting and warehousing capabilities in Houston will broaden Badger's operational footprint and production capacity.

The overall size of the global slip and tier sheets market has been determined through a combination of primary and secondary research methods. The research process began with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the market. Additionally, numerous primary interviews were conducted with industry participants to validate the findings and gain deeper analytical insights. Participants included industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the slip and tier sheets market.