Slip and Tier Sheets Market Research Report and Outlook by 2028

The market for slip and tier sheets is projected to expand from approximately US$ 15,96,288.51 thousand in 2022 to around US$ 24,99,318.53 thousand by 2028, reflecting a compound annual growth rate (CAGR) of 7.8% during this period.

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 producers 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 growth 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. They are not only cost-effective but also environmentally friendly, maximizing space for shipping and storage. The rising demand for plastic slip sheets is anticipated to create additional growth opportunities for the global slip and tier sheet market in the near future. However, there are some drawbacks associated with slip sheets, such as their lower structural support compared to pallets, which may slightly hinder the slip and tier sheets market growth during the forecast period.

The global slip and tier sheets market is categorized by end-use industry into segments including food and beverage, consumer electronics, chemicals, pharmaceuticals, retail, and others. In 2021, 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 bottles, cans, containers, processed foods in cartons and sacks, as well as 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 2021, 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 advantages of slip and tier sheets in material handling, leading to their increased application across various fields. 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 exports of pharmaceutical products reached US$ 77.96 billion in 2021 and continue to grow at a robust rate. Additionally, the Chemical Industry Association of Canada reports that Canada's industrial chemical sector is heavily export-oriented, with 74% of production exported in 2021. Consequently, the anticipated rise in exports of pharmaceuticals and other goods is expected to drive 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.

Key players 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. These market participants are committed to delivering high-quality products to meet customer needs. They are also pursuing strategies such as investing in research and development and engaging in mergers and acquisitions.

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 stakeholders to validate the information and gain deeper analytical insights. Participants in this process 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.