Slip and Tier Sheet Market Growth and Forecast | 2031

The slip and tier sheet market is expected to grow from US$ 1.72 billion in 2023 to US$ 3.18 billion by 2031; it is estimated to register a CAGR of 8.0% from 2023 to 2031.

Market Insights and Analyst View:

Slip and tier sheets are affordable alternatives to wooden pallets. These sheets occupy less space than wooden pallets and allow for transporting more truckloads, saving companies' logistical expenses. Slip and tier sheets are generally made of kraft paper, corrugated fiberboard, high density polyethylene, and polypropylene. Manufacturers design slip sheets based on the number of lip extensions that connect with the loading device. The two fundamental types of slip sheets are single-lip and multi-lip. The slip sheet made from a corrugated fiberboard consists of two liner surfaces with a corrugated interior bonded with adhesive or glue. Slip sheets manufactured from paperboard have a high base weight and density. They are produced in multiple layers laminated together, and this bonding allows the use of sheets multiple times in different temperature environments. Plastic slip sheets are made from thermoplastic or thermoset polymers. Plastic slip and tier sheets are becoming increasingly popular as they are affordable, have a high strength, are suitable for heavy-duty material handling, and provide strong structural support to the products. Companies offer slip sheets that have specified dimensions of length, width, and thickness. Tier sheets are available in different sizes. Moreover, companies operating in the market provide slip and tier sheets in any custom size.

Growth Drivers and Challenges:

The increasing use of slip and tier sheets in various industries is contributing to the growing slip and tier sheet market size. Slip sheet is a thin and lightweight alternative to wood pallets. Slip sheets are much lighter than pallets; using them for transportation or storage is much easier. It saves more space compared to traditional pallets, allowing users to export more products. Hence, reduced storage space and a lightweight design of slip sheets help reduce transportation costs. Slip sheets also help reduce fuel emissions as they are lighter to transport than wood pallets. They are easily recyclable, eco-friendly, versatile, and can be used in cold and humid environments. There is a high risk of rodent infestations and contamination from wood pallets. However, due to the slip sheet's thinness, rodents fail to occupy the area under it, leading to a cleaner warehouse. Users can easily discard the slip sheet and avoid contamination buildup over time. Also, slip sheets are becoming highly popular as companies realize their potential for return on investment. Thus, the benefits of using slip sheets over pallets are leading to increased product demand across different end-use industries. 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. Owing to the benefits of tier sheets, the usage of such sheets is growing in the packaging of beverage bottles, cans, containers, consumer goods, industrial goods and parts, processed foods, dairy, and dry goods such as salts, grains, and ingredients. The slip and tier sheet market trends include the growing use of sustainable packaging solutions in shipping and logistics.

There are a few disadvantages associated with the usage of slip sheets. Customers need to buy or rent different equipment to handle slip sheets, as standard forklifts will not work. When slip sheets are used as a direct replacement for pallets, there is a need for a push/pull attachment for the lift truck, which is expensive. Also, the safe handling of such attachments requires expertise and proper training. Further, to some extent, slip sheets are not capable of supporting heavy-duty products. The structural support provided by slip sheets is less than that provided by pallets, and they do not support as much weight as pallets. As a result, they are not a suitable option for companies that ship heavy products. In addition, corrugated slip sheets will be weakened if they come in contact with water and dampness and are, therefore, unsuitable for refrigerated supply chains. These disadvantages associated with using slip sheets restrain the global slip and tier sheet market growth.

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Slip and Tier Sheet Market: Strategic Insights

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Report Segmentation and Scope:

The "Global Slip and Tier Sheet Market Analysis" has been performed by considering the following segments: material, end-use industry, and geography. Based on material, the market is segmented into kraft paperboard, corrugated fiberboard, high density polyethylene, and others. By end-use industry, the market is segmented into food and beverage, consumer electronics, chemicals, pharmaceuticals, retail, and others. The geographic scope of the slip and tier sheet market report focuses on North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

Segmental Analysis:

Based on material, the slip and tier sheet market is segmented into kraft paperboard, corrugated fiberboard, high density polyethylene, and others. Based on material, the kraft paperboard segment is anticipated to hold a significant slip and tier sheet market share by 2031. Kraft paperboard is made waterproof by lining it with either polyethylene or an ecologically friendly bitumen layer. It is cost-effective and lightweight; hence, it is used for protecting and packaging products during transportation. Kraft paperboard sheets protect boxed and bagged bulk products against tears and punctures caused by pallet nails and deck boards. Kraft paperboards are used in many applications, including fast food outlets and the production of point-of-sale displays. Corrugated fiberboard is also one of the major materials in the slip and tier sheet market. A corrugated fiberboard is a sandwich structure formed by gluing one or more sheets of fluted, corrugated materials to one or more flat facings of the liner board. Corrugated fiberboard packaging is versatile, economical, lightweight, robust, recyclable, and dynamic. Corrugated fiberboards are usually used for the packaging of consumer goods. They provide better resistance to compressive forces, higher bending stiffness, and greater moisture resistance. The boards are usually custom-designed to meet specific customer requirements.

Regional Analysis:

Based on geography, the market is segmented into five key regions—North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa. In terms of revenue, North America dominated the global slip and tier sheet market share. The market in North America accounted for ~US$ 650 million in 2023. The market for slip and tier sheets in North America is mainly driven by their increasing use in different end-use industries. According to the Bureau of Transportation Statistics, transborder freight in North America increased by 24.1% in August 2022 compared to August 2021. The growing transborder freight is one of the major factors driving the slip and tier sheet market in North America. Slip and tier sheets are thin materials consuming significantly less space than pallets and weighing much less than pallets. Thus, transportation companies and manufacturers prefer slip and tier sheets over wooden pellets, which fuels the market growth in the region.

Europe is another major contributor, holding more than 30% of the global market share. The Europe slip and tier sheet market is witnessing considerable growth owing to the growth of the logistics industry and the rise in demand for packaging products. According to the European Commission, in 2021, European road freight transport increased strongly by 6.5% compared to 2020. The increased trade activities propel the demand for overall packaging materials across Europe. Moreover, between 2019 and 2021, the average annual demand for pharmaceutical products was the highest for diagnostic testing equipment, medical consumables, medical devices, and protective garments. The significant growth in end-use industries such as pharmaceuticals, agriculture, and retail in Europe is propelling the slip and tier sheet market growth in Europe.

Slip and Tier Sheet Market Regional Insights

The regional trends and factors influencing the Slip and Tier Sheet Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Slip and Tier Sheet Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Slip and Tier Sheet Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Slip and Tier Sheet Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Slip and Tier Sheet Market are:

1. Fresh Pak Corp
2. International Paper Co
3. Georgia-Pacific LLC
4. Signode Industrial Group LLC
5. WestRock Co
6. Dura-Fibre LLC

Disclaimer: The companies listed above are not ranked in any particular order.

Industry Developments and Future Opportunities:

The slip and tier sheet market forecast can help stakeholders plan their growth strategies. The following are initiatives taken by the key players operating in the market:

• In September 2023, Sonoco Products Co announced the completion of its acquisition of the remaining equity interest in RTS Packaging, LLC from joint venture partner WestRock and one WestRock paper mill in Chattanooga, Tennessee. This acquisition will further strengthen and expand Sonoco's 100% recycled fiber-based packaging solutions to serve growing consumer wine, spirits, food, beauty, and healthcare markets. With this acquisition, Sonoco adds a network of 15 operations and 1,100 employees in the US, Mexico, and South America.
• In November 2021, Badger Paperboard – a chipboard converting company headquartered in Fredonia, Wisconsin –announced the acquisition of Falcon Packaging in Houston, Texas. The addition of Falcon Packaging's full converting and warehousing facilities in Houston will expand Badger's footprint and production capabilities.

Competitive Landscape and Key Companies:

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 are among the prominent players profiled in the slip and tier sheet market report. Players operating in the global market focus on providing high-quality products to fulfill customer demand. Also, they focus on adopting various strategies such as new product launches, capacity expansions, partnerships, and collaborations in order to stay competitive in the slip and tier sheet market.