At 8.4% CAGR, North America Slip and Tier Sheets Market is Projected to be Worth US$ 1,286.61 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the North America slip and tier sheets market was valued at US$ 674.54 million in 2023 and is expected to reach US$ 1,286.61 million by 2031, registering a CAGR of 8.4% from 2023 to 2031. Increasing use of slip and tier sheets in various industries and growth of e-commerce & logistics sector are among the critical factors attributed to drive the North America slip and tier sheets market growth.

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. It is easily recyclable, eco-friendly, versatile, and can be used in cold and humid environments. Further, there is a high risk of infestations of rodents and contamination from the 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 contamination buildup over time. Also, slip sheets are becoming highly popular as companies realize their potential for return on investment. Thus, the benefits of using slip sheets over pallets are leading to increased product demand across different end-use industries.

On the contrary, disadvantages associated with usage of slip sheets hampers the growth of North America slip and tier sheets market.

Based on material, the North America slip and tier sheets market is segmented into kraft paperboard, corrugated fiberboard, high density polyethylene (hdpe), and others. The kraft paperboard segment held 56.7% share of North America slip and tier sheets market share in 2023, amassing US$ 3,82,503.89 thousand. It is projected to garner US$ 7,30,174.12 thousand by 2031 to register 8.4% CAGR during 2023–2031.

In terms of end-use industry, the North America slip and tier sheets market is segmented into food & beverage, consumer electronics, chemicals, pharmaceuticals, retail, and others. The food & beverage segment held 29.1% share of North America slip and tier sheets market in 2023, amassing US$ 1,96,082.62 thousand. It is anticipated to garner US$ 3,71,759.30 thousand by 2031 to expand at 8.3% CAGR during 2023–2031.

By country, the North America slip and tier sheets market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 82.5% share of North America slip and tier sheets market in 2023. It was assessed at US$ 5,57,436.19 thousand in 2023 and is likely to hit US$ 10,75,963.51 thousand by 2031, registering a CAGR of 8.6% during 2023–2031.

Key players operating in the North America slip and tier sheets market are Fresh Pak Corp; International Paper Co; Georgia-Pacific LLC; Signode Industrial Group LLC; WestRock Co; Dura-Fibre, LLC; Smurfit Kappa Group Plc; Crown Paper Converting; Eltete TPM Oy; and Sonoco Products Co; among others.

• In May 2021, The Signode Digital space, one can manipulate 3D product models in real-time, annotate directly onto these models, and find out more by clicking hotspots to give more information using informative videos or images.
• In September 2023, Sonoco Products Co announced the completion of its acquisition of the remaining equity interest in RTS Packaging, LLC from joint venture partner WestRock and one WestRock paper mill in Chattanooga, Tennessee. This acquisition will further strengthen and expand Sonoco's 100% recycled fiber-based packaging solutions to serve growing consumer wine, spirits, food, beauty, and healthcare markets. With this acquisition, Sonoco adds a network of 15 operations and 1,100 employees in the US, Mexico, and South America.

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