The market for slip sheets, often referred to as tier sheets, is anticipated to reach US$ 934.7 Million in 2022 and US$ 1.5 Billion by 2032, at a CAGR of 4.9% from 2022 to 2032. Slip Sheets Market Will Exceed US$ 1.5 Billion Due to Increased Adoption of Lightweight Packaging Materials in Various Industries
Traditionally, pallets were used protect products while storage, transport and shipping operations. However, pallets are heavy and consume a lot of space as they are generally made up of wood which increases the cost of transportation and shipping.
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As a result, there is a growing demand for lightweight packing materials to minimise overall packaging and transportation costs. This is projected to increase slip sheet sales in the coming years.
Slip sheets are becoming a popular alternative to pallets since they are lightweight and can carry the same amount of weight as wood while taking up less room. These sheets also help to keep products free of contamination and protect them better.
Competition Landscape
- WestRock Company,
- Badger Paperboard, Inc.,
- Signode India,
- Sonoco Products Company,
- International Paper Inc,
- Atlantic Packaging, and
- INDEVCO Paper Containers
are the key players operating in the slip sheets Market. Furthermore, Continental Paper and Plastic Corporation, CROWN PAPER CONVERTING, Dura-Fibre, LLC, and RTS Packaging, LLC are also noticeable players in the slip sheets market. Tier 1 players in the market hold 10-15% of the total market share.
Slip sheets are generally made up of recyclable material and do not require much maintenance as they can be used again. As slip sheets occupy lesser space as compared to wooden pallets, it ultimately reduces the handling cost. Backed by these factors, demand for slip sheets in logistic and shipping sector is projected to gain traction.
Further, expansion of the ecommerce sector across the globe, along with increasing global trade volumes will create opportunities for growth in the market. Overall, global trade during 2021 reached a record high of about US$ 28.5 trillion according to the United Nations Conference on Trade and Development (UNCTAD).
The e-commerce and warehousing industries are benefiting from global trade, which is expected to boost demand for slip sheets in the packaging business. Slip sheet sales will be driven by an increasing desire for more safety and protection while the product is in transit.
“Slip sheet sales are likely to increase as the logistics and shipping industry adopts more cost-effective and protective packaging options. Slip sheets are also becoming a favoured choice among manufacturers due to their recyclability and sustainability, which will fuel market expansion,” says an FMI analyst.
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Key Takeaways:
· Based on material type, the kraft paperboard segment will account for 62% of the total market share in 2022.
· In terms of coating type, sales in the anti-slip coating segment are forecast to increase at a CAGR of 5.3% during 2022-2032, creating an absolute incremental opportunity of US$ 232.0 Mn.
· Europe, North America, and East Asia are projected to witness high demand for slip sheets during the forecast period. These regions are estimated to hold around 65% of the total market value share by 2032 collectively.
Slip Sheets Market by Category
By Material:
- Kraft Paperboard Slip and Tier Sheets
- Corrugated Fiberboard Slip and Tier Sheets
By Coating Type:
- Anti-Slip Coating
- Slip-Assist
- Moisture Barrier
- Grease Barrier
- Water-Resistance
- Polyethylene
- Other Customized Coating
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East and Africa (MEA)
- Oceania
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Slip Sheets Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global slip sheets market, analyzing historical demand from 2015-2021 and forecast statistics for 2022-2032. The study reveals market growth projections on the slip sheets market based on the material (kraft paperboard slip sheets and corrugated fiberboard slip sheets) and coating type (anti-slip coating, slip-assist, moisture barrier, grease barrier, water-resistance, polyethylene, and other customized coatings) across seven regions.
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