The scope of our recent study on the "Slip and Tier Sheets Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Material and End-Use Industry," includes the factors fueling the market growth, revenue estimation and forecast, market share analysis, and the identification of significant market players and their key developments.
The slip and tier sheets market is expected to grow from US$ 15,96,288.51 thousand in 2022 to US$ 24,99,318.53 thousand by 2028; it is estimated to grow at a CAGR of 7.8% from 2022 to 2028.
The slip and tier sheet market is highly competitive owing to the presence of many domestic and international players. Market players are offering slip and tier sheets made from recycled materials. Additional features such as biodegradability, fire resistance, recyclability, returnability or reusability, and moisture resistance are incorporated in slip and tier sheets to enhance their feasibility in certain applications. Companies offer slip sheets that have specified dimensions of length, width, and thickness.
Based on end-use industry, the global slip and tier sheets market is segmented into food & beverage, consumer electronics, chemicals, pharmaceuticals, retail, and others. The food & beverage segment held the largest market share in 2021. Slip and tier sheets are mainly used in the food & beverages industry as a replacement for traditional wooden pallets to avoid damage. These sheets are used for the transportation of beverage bottles, cans, containers, processed foods in cartons and sacks, fruit & vegetable cartons and crates, dairy products, and dry goods such as salts and other ingredients.
The global slip and tier sheets market is segmented into five main regions-North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. North America held the largest revenue share of the global slip and tier sheets market in 2021. The North America slip and tier sheets market growth is attributed to the growing transborder freight between the countries across the region. Moreover, the US is one of the key economies in North America that contributes significantly to the slip and tier sheets market growth. The growing export of pharmaceutical, agricultural, and food products is anticipated to propel the slip and tier sheets market growth in the US during the forecast period.
Impact of COVID-19 Pandemic on Slip and Tier Sheets Market
Many economies were affected due to the impacts of the COVID-19 pandemic. Governments of many European countries implemented country-wide lockdowns, and operations of many industries were delayed or shut down completely, which reduced the demand for slip and tier sheets. During the pandemic, the slip and tier sheets market in North America experienced a drop in performance due to disrupted supply chains and limited operational efficiencies. However, the rising need for pharmaceuticals and consumer electronics during the pandemic led to a positive impact on the demand for slip and tier sheets across the region.
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 slip and tier sheets market is segmented into food & beverage, consumer electronics, chemicals, pharmaceuticals, retail, and others. By geography, the global slip and tier sheets market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The slip and tier sheets market in North America is further segmented into the US, Canada, and Mexico. The slip and tier sheets market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The slip and tier sheets market in Asia Pacific is further categorized into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The slip and tier sheets market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The slip and tier sheets market in South & Central America is further categorized into Brazil, Argentina, and the Rest of South & Central America.
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