Middle East & Africa 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 Middle East & Africa slip and tier sheets market is expected to grow from US$ 47.01 million in 2022 to US$ 58.52 million by 2028. It is estimated to grow at a CAGR of 3.7% from 2022 to 2028.
Growing Use of Sustainable Packaging Solutions in Shipping and Logistics Drives Middle East & Africa Slip and Tier Sheets Market
Slip sheets are recyclable and more environmental-friendly than traditional wooden pallets, which are discarded in landfills. Tier sheets are also recyclable and can be made from 100% recycled paper. Many companies are taking various actions to offer greener packaging solutions. Making logistics greener allows the companies to remain competitive in the market. Various companies and industries are increasingly focusing on using green and sustainable packaging solutions, such as slip and tier sheets, in their product’s shipping and logistics to reduce carbon footprints. In addition, various rules, regulations, and initiatives are encouraging the use of sustainable packaging products across different countries. Hence, the growing trend of using sustainable packaging solutions in shipping and logistics is expected to fuel the demand for slip and tier sheets during the forecast period thus driving the Middle East & Africa slip and tier sheets market .
Middle East & Africa Slip and Tier Sheets Market Overview
The Middle East & Africa primarily consists of major countries such as South Africa, Saudi Arabia, and the UAE. Major factors driving the growth of the MEA slip and tier sheet market are growing demand from the building & construction sector and the rising hospitality & tourism sector in the region. The Gulf Co-operation Council (GCC) has a large pipeline of projects, including expansion of oil & gas production capacity; new commercial & residential real estate; upgrades to transport, power, and water systems; and significant industrial developments. Moreover, in 2021, Saudi Arabia exported approx. US$ 1.1 billion of food products to the region, an increase of nearly 2% since 2020. The main products consisted of dairy items, processed foods, snack foods, processed dates, processed fruits & vegetables, sugar and sweeteners, and poultry meat. Demand for packaged foods is growing due to changing lifestyles and diets of consumers and the expansion of the food retail and food service sectors. These factors bolster the demand for packaging material, which is anticipated to boost the slip and tier sheets market growth in the Middle East & Africa during the forecast period.
Middle East & Africa Slip and Tier Sheets Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Slip and Tier Sheets Market Segmentation
The Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa slip and tier sheets market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the market share in 2022.
Fresh Pak Corp, International Paper Co, Signode Industrial Group LLC, and WestRock Co are the leading companies operating in the Middle East & Africa slip and tier sheets market .
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