Asia Pacific Slip and Tier Sheets Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Material [Kraft Paperboard, Corrugated Fiberboard, High Density Polyethylene (HDPE), and Others] and End-Use Industry (Food & Beverage, Consumer Electro

Asia Pacific Slip and Tier Sheets Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Material [Kraft Paperboard, Corrugated Fiberboard, High Density Polyethylene (HDPE), and Others] and End-Use Industry (Food & Beverage, Consumer Electronics, Chemicals, Pharmaceuticals, Retail, and Others)

The Asia Pacific slip and tier sheets market is expected to grow from US$ 322.75 million in 2022 to US$ 545.78 million by 2028. It is estimated to grow at a CAGR of 9.2% from 2022 to 2028.

High Demand for Plastic Slip Sheets is Driving the Asia Pacific Slip and Tier Sheets Market

Plastic slip sheets are made from high-density polyethylene and polypropylene. These plastic slip sheets can be manufactured from 100% recyclable, high-density polyethylene. Plastic slip sheets are highly suitable for humid or freezing conditions as they are resistant to water and moisture. These sheets are also suitable for overseas export. A few players operating in the slip and tier sheet market are offering plastic slip sheets with an anti-slip coating. The surface of such plastic slip sheets is rough, which increases the friction between the load and the slip sheet; hence these sheets have better stability. Thus, the high demand for plastic slip sheets is predicted to offer more lucrative opportunities for the growth of the Asia Pacific slip and tier sheet market in the coming years .

Asia Pacific Slip and Tier Sheets Market Overview

Australia, China, India, Japan, and South Korea are among the key contributors to the Asia Pacific slip and tier sheets market . The region has been noticed as one of the prominent markets for slip and tier sheets owing to the growth of the packaging sector. Moreover, government initiatives and policies, such as Make-in-India, encourage the setup of different manufacturing plants in India. Also, the rise in foreign direct investments leads to regional economic growth. Further, manufacturers in Asia Pacific are shifting toward cost-effective and sustainable packaging material.

Asia Pacific is a global hub for the manufacturing and exporting technical consumer goods (TCG), including many consumer electronics such as mobile phones, laptops & computers, radio sets, sound systems, and televisions & television sets; essential electronic parts; and small and big domestic appliances. Thailand is one of the major manufacturers of consumer electronics across Southeast Asia. According to the CEIC Data, in 2019, Thailand alone exported hard disk drives worth more than US$ 10 billion.

CGP Coating Innovation and Endupack SAS are among the key players operating in the Asia Pacific slip and tier sheet market. In recent years, the major market players in the region have invested heavily in R&D initiatives. This significant increase in investments in research and development is expected to propel the Asia Pacific slip and tier sheet market during the forecast period.

Asia Pacific Slip and Tier Sheets Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Slip and Tier Sheets Market Segmentation

The Asia Pacific slip and tier sheets market is segmented into material, end-use industry, and country.

Based on material, the slip and tier sheets market is segmented into kraft paperboard, corrugated fiberboard, high density polyethylene, and others. The kraft paperboard segment held a larger market share in 2022.

Based on end-use industry, the Asia Pacific slip and tier sheets market is segmented into food and beverage, consumer electronics, chemicals, pharmaceuticals, retail, and others. The food and beverage segment held a larger market share in 2022.

Based on country, the Asia Pacific slip and tier sheets market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the market share in 2022.

Fresh Pak Corp, International Paper Co, Menasha Corp, Signode Industrial Group LLC, and WestRock Co are the leading companies operating in the Asia Pacific slip and tier sheets market.

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