North America 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 North America slip and tier sheets market is expected to grow from US$ 625.55 million in 2022 to US$ 1,000.24 million by 2028. It is estimated to grow at a CAGR of 8.1% from 2022 to 2028.
Increasing Use of Slip and Tier Sheets is Driving North America Slip and Tier Sheets Market
Slip sheet is a thin and lightweight alternative to wood pallets. Slip sheets are much lighter than pallets and using them for transportation or storage is much easier. It saves space over traditional pallets, allowing the user to export more products. Hence, reduced storage space and a lightweight design of slip sheets help to reduce transportation costs. Slip sheets also help to reduce fuel emissions as they are lighter to transport than 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 any contamination buildup over time. Also, slip sheet is becoming highly popular as companies realize its potential for return on investment. Thus, the benefits of using slip sheets over pallets are increasing the product demand across different end-use industries. Moreover, 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. Hence, the increasing use of slip and tier sheets is driving the growth of the North America slip and tier sheets market .
North America Slip and Tier Sheets Market Overview
The US, Canada, and Mexico are key economies in North America. According to the Bureau of Transportation Statistics, transborder freight in North America increased by 24.1% in August 2022 compared to August 2021. Growing transborder freight is one of the major factors driving the slip and tier sheet market growth in North America. Slip and tier sheets are thin materials consuming significantly less space than pallets and weighing much less than pallets. Thus, transport organizations and manufacturers prefer slip and tier sheets over wooden pellets, which fuels the market growth in the region. Fresh Pak Corp, Georgia-Pacific LLC, and Signode Industrial Group LLC are a few key players in the North American slip and tier sheets market. Also, many domestic and international market players have a substantial presence in North America. Manufacturers in the region are investing heavily in the research and development of slip and tier sheets, which is projected to fuel the North America slip and tier sheets market growth during the forecast period.
North America Slip and Tier Sheets Market Revenue and Forecast to 2028 (US$ Million)
North America Slip and Tier Sheets Market Segmentation
The North America slip and tier sheets market is segmented into material, end-use industry, and country.
Based on material, the North America slip and tier sheets market is segmented into kraft paperboard, corrugated fiberboard, high density polyethylene, and others. The kraft paperboard segment held the largest market share in 2022.
Based on end-use industry, the North America slip and tier sheets market is segmented into food and beverage, consumer electronics, chemicals, pharmaceuticals, retail, and others. The food and beverage segment the largest market share in 2022.
Based on country, the North America slip and tier sheets market is segmented into the US, Canada, and Mexico. The US dominated the market in 2022.
Badger Paperboard Inc, Dura-Fibre LLC, Fibre Converters Inc, Fresh Pak Corp, Georgia-Pacific LLC, International Paper Co, Menasha Corp, Red Rock Pallet Co Inc, Signode Industrial Group LLC, and WestRock Co are the leading companies operating in the North America slip and tier sheets market.
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