Europe 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,

Europe 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 Europe slip and tier sheets market is expected to grow from US$ 538.59 million in 2022 to US$ 810.86 million by 2028. It is estimated to grow at a CAGR of 7.1% from 2022 to 2028.

Growth of E-commerce & Logistics Sector is Driving Europe Slip and Tier Sheets Market

The logistics industry growth is attributed to rising demand for e-commerce and online shopping, rapid expansion of various sectors such as the retail sector, and various government initiatives on infrastructure development. In the last few years, e-commerce has grown exponentially, and companies such as Amazon, Walmart, and Alibaba have ensured that customers will receive their required commodities using e-commerce applications on their smartphones. The high preference for online shopping is leading to a huge increase in demand for logistics services. Due to the growth of online grocery shopping, many logistics companies are experiencing a significant need for their services. Moreover, the high number of last-mile and express deliveries and the implementation of reverse logistics are influencing the expansion of the logistics industry. The growth of the e-commerce sector has allowed the logistics industry to branch out and diversify its operations. During the COVID-19 pandemic, many people preferred online shopping. Further, the growing demand for food and beverages, pharmaceuticals, chemicals, and electronics positively impacts the logistics industry. According to Frontier’s latest report, commissioned by Amazon and supported by Logistics UK, the logistics industry is one of the fastest-growing industries in the UK. The industry employed 190,000 new workers from 2019 to 2021. At the end of 2021, 1.25 million workers across the UK were working in the industry. Slip and tier sheets find application in the transportation of various products including food, beverage, consumer goods, chemicals, and pharmaceutical products. The use of slip and tier sheets offers many logistical advantages such as cost effectiveness, maximize space for shipping & storage, and environmentally friendly. Therefore, the growing e-commerce & logistics sector in different countries across the region is increasing the use of slip and tier sheets, which is driving the Europe slip and tier sheets market growth.

Europe Slip and Tier Sheets Market Overview

The Europe slip and tier sheet market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. 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 material across Europe. Moreover, between 2019 and 2021, average annual pharmaceutical products demand was highest for diagnostic testing equipment (15.2%), medical consumables (7.6%), medical devices (6.1%) and protective garments (5.8%). Furthermore, in 2020, the export value of the European Union's agri-food products increased to US$ 226.1 billion (a growth of 1.4% compared to 2019), while the import value rose to US$ 150.0 billion (a growth of 0.5%). In the agriculture & pharmaceutical industries, slip and tier sheets protect the product from external damage and contamination. The significant growth of the end-use industries such as food & beverages, pharmaceutical, retail in Europe is expected to bolster the Europe slip and tier sheets market.

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

Europe Slip and Tier Sheets Market Segmentation

The Europe 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 Europe 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 Europe slip and tier sheets market is segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe. Germany 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 Europe slip and tier sheets market.

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