Slip and Tier Sheet Market Analysis, Trends, and Scope 2024 to 2031
Slip and Tier Sheet Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 1.72 Billion |
Market Size by 2031 | US$ 3.18 Billion |
Global CAGR (2023 - 2031) | 8.0% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Material
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
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.