North America Slip and Tier Sheets Market Forecast to 2031
North America Slip and Tier Sheets Market Forecast to 2031 – Regional Analysis – by Material (Kraft Paperboard, Corrugated Fiberboard, High Density Polyethylene, and Others) and End-Use Industry (Food and Beverage, Consumer Electronics, Chemicals, Pharmaceuticals, Retail, and Others)
$2,485 – $3,885
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Description
Growing Use of Sustainable Packaging Solutions in Shipping and Logistics Fuels North America Slip and Tier Sheets Market
Slip sheets are recyclable and more environmentally friendly than traditional wooden pallets, which are discarded in landfills. Tier sheets are also recyclable and can be made from 100% recycled paper. Many companies are taking various actions to offer greener packaging solutions. Making logistics greener allows the companies to remain competitive in the market. Various companies and industries are increasingly focusing on using green and sustainable packaging solutions, such as slip and tier sheets, in their product’s shipping and logistics to reduce carbon footprints. In addition, various rules, regulations, and initiatives are encouraging the use of sustainable packaging products across different regions.
North America Slip and Tier Sheets Market Overview
As per the National Institute on Deafness and Other Communication Disorders, ~30 million people or 13% of the US population aged 12 years and above was experiencing hearing loss in one or both ears in 2021. As per the same source, ~28.8 million people in the US could benefit from the use of hearing aids. Country has presence of the leading global market players, which are focused on product development and launches. Furthermore, FDA approval for OTC hearing aids is expected to create ample opportunities in the market. In October 2023, Audien Hearing launched the world’s first FDA-compliant hearing aid sold over the counter (OTC)—ATOM ONE—for less than US$ 100. The ATOM ONE would allow millions of people suffering from hearing loss to walk in and purchase an economical device suiting their or their loved ones’ needs. In October 2023, ELEHEAR, a provider of AI-powered hearing aids and audio solutions, introduced its first OTC hearing aid devices—the ELEHEAR Alpha and ELEHEAR Alpha Pro. Therefore, increasing prevalence of hearing impairment among large populations, new product launches, and availability of OTC hearing aids at economical pricing favors the market growth in the US.
North America Slip and Tier Sheets Market Revenue and Forecast to 2031 (US$ Thousand)
North America Slip and Tier Sheets Market Segmentation
The North America slip and tier sheets market is categorized 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 (HDPE), and others. The kraft paperboard segment held the largest share of North America slip and tier sheets market share in 2023.
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 the largest share of North America slip and tier sheets market in 2023.
By country, the North America slip and tier sheets market is segmented into the US, Canada, and Mexico. The US dominated the North America slip and tier sheets market share in 2023.
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 are some of the leading companies operating in the North America slip and tier sheets market.
Summary Info
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According to The Research Team’ 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.
o Highlights key business priorities to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the North America slip and tier sheet market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America slip and tier sheet market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Slip and Tier Sheets Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Buyers:
4.2.3 Bargaining Power of Suppliers:
4.2.4 Intensity of Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers:
4.3.2 Manufacturers:
4.3.3 Distributors or Suppliers:
4.3.4 End-Use Industries
5. North America Slip and Tier Sheets Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Use of Slip and Tier Sheets in Various Industries
5.1.2 Growth of E-commerce & Logistics Sector
5.2 Restraint
5.2.1 Disadvantages Associated with Usage of Slip Sheets
5.3 Opportunity
5.3.1 High Demand for Plastic Slip Sheets
5.4 Future Trend
5.4.1 Growing Use of Sustainable Packaging Solutions in Shipping and Logistics
6. Slip and Tier Sheets Market – North America Analysis
6.1 Overview
6.2 North America Slip and Tier Sheets Market Volume (Thousand Units), 2021–2031
6.3 Slip and Tier Sheets Market Volume Forecast and Analysis (Thousand Units)
6.4 Slip and Tier Sheets Market Revenue (US$ Thousand), 2021–2031
6.5 Slip and Tier Sheets Market Forecast and Analysis
7. North America Slip and Tier Sheets Market Volume and Revenue Analysis – by Material
7.1 Kraft Paperboard
7.1.1 Overview
7.1.2 Kraft Paperboard: Slip and Tier Sheets Market – Volume and Forecast to 2031 (Thousand Units)
7.1.3 Kraft Paperboard: Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand)
7.2 Corrugated Fiberboard
7.2.1 Overview
7.2.2 Corrugated Fiberboard: Slip and Tier Sheets Market – Volume and Forecast to 2031 (Thousand Units)
7.2.3 Corrugated Fiberboard: Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand)
7.3 High Density Polyethylene
7.3.1 Overview
7.3.2 High Density Polyethylene: Slip and Tier Sheets Market – Volume and Forecast to 2031 (Thousand Units)
7.3.3 High Density Polyethylene: Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand)
7.4 Others
7.4.1 Overview
7.4.2 Others: Slip and Tier Sheets Market – Volume and Forecast to 2031 (Thousand Units)
7.4.3 Others: Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand)
8. North America Slip and Tier Sheets Market Revenue Analysis – by End-Use Industry
8.1 Food and Beverage
8.1.1 Overview
8.1.2 Food and Beverage: Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand)
8.2 Consumer Electronics
8.2.1 Overview
8.2.2 Consumer Electronics: Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand)
8.3 Chemicals
8.3.1 Overview
8.3.2 Chemicals: Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand)
8.4 Pharmaceuticals
8.4.1 Overview
8.4.2 Pharmaceuticals: Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand)
8.5 Retail
8.5.1 Overview
8.5.2 Retail: Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand)
8.6 Others
8.6.1 Overview
8.6.2 Others: Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand)
9. North America Slip and Tier Sheets Market – Country Analysis
9.1 North America
9.1.1 North America Slip and Tier Sheets Market Revenue and Forecast and Analysis – by Country
9.1.1.1 North America Slip and Tier Sheets Market Volume and Forecast and Analysis – by Country
9.1.1.2 North America Slip and Tier Sheets Market Revenue and Forecast and Analysis –by Country
9.1.1.3 United States Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand)
9.1.1.3.1 United States Slip and Tier Sheets Market Breakdown by Material
9.1.1.3.2 United States Slip and Tier Sheets Market Breakdown by End-use Industry
9.1.1.4 Canada Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand)
9.1.1.4.1 Canada Slip and Tier Sheets Market Breakdown by Material
9.1.1.4.2 Canada Slip and Tier Sheets Market Breakdown by End-use Industry
9.1.1.5 Mexico Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand)
9.1.1.5.1 Mexico Slip and Tier Sheets Market Breakdown by Material
9.1.1.5.2 Mexico Slip and Tier Sheets Market Breakdown by End-use Industry
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
12. Company Profiles
12.1 Fresh Pak Corp
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 International Paper Co
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Georgia-Pacific LLC
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Signode Industrial Group LLC
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 WestRock Co
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Dura-Fibre, LLC
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Smurfit Kappa Group plc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Crown Paper Converting
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Eltete TPM Oy
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Sonoco Products Co
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Research Team
Table 1. North America Slip and Tier Sheets Market Segmentation
Table 2. Slip and Tier Sheets Market – Volume and Forecast to 2031 (Thousand Units)
Table 3. Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand)
Table 4. Slip and Tier Sheets Market – Volume and Forecast to 2031 (Thousand Units) – by Material
Table 5. Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand) – by Material
Table 6. Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand) – by End-use Industry
Table 7. North America Slip and Tier Sheets Market – Volume and Forecast to 2031 (Thousand Units) – by Country
Table 8. North America Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand) – by Country
Table 9. United States Slip and Tier Sheets Market –Volume and Forecast to 2031 (Thousand Units) – by Material
Table 10. United States Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand) – by Material
Table 11. United States Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand) – by End-use Industry
Table 12. Canada Slip and Tier Sheets Market –Volume and Forecast to 2031 (Thousand Units) – by Material
Table 13. Canada Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand) – by Material
Table 14. Canada Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand) – by End-use Industry
Table 15. Mexico Slip and Tier Sheets Market –Volume and Forecast to 2031 (Thousand Units) – by Material
Table 16. Mexico Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand) – by Material
Table 17. Mexico Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand) – by End-use Industry
Table 18. Heat Map Analysis by Key Players
Figure 1. North America Slip and Tier Sheets Market Segmentation, by Country
Figure 2. Slip and Tier Sheets Market – Porter’s Analysis
Figure 3. Ecosystem Analysis: Slip and Tier Sheet Market
Figure 4. Slip and Tier Sheets Market – Key Market Dynamics
Figure 5. Comparative Cost Analysis Using Plastic Slip Sheets Vs. Wood Pallets
Figure 6. Slip and Tier Sheet Market: Impact Analysis of Drivers and Restraints
Figure 7. North America Slip and Tier Sheets Market Volume (Thousand Units), 2021–2031
Figure 8. Slip and Tier Sheets Market Revenue (US$ Thousand), 2021–2031
Figure 9. Slip and Tier Sheets Market Share (%) – Material, 2023 and 2031
Figure 10. Kraft Paperboard: Slip and Tier Sheets Market – Volume and Forecast to 2031 (Thousand Units)
Figure 11. Kraft Paperboard: Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 12. Corrugated Fiberboard: Slip and Tier Sheets Market – Volume and Forecast to 2031 (Thousand Units)
Figure 13. Corrugated Fiberboard: Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 14. High Density Polyethylene: Slip and Tier Sheets Market – Volume and Forecast to 2031 (Thousand Units)
Figure 15. High Density Polyethylene: Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 16. Others: Slip and Tier Sheets Market – Volume and Forecast to 2031 (Thousand Units)
Figure 17. Others: Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 18. North America Slip and Tier Sheets Market Share (%) – End-Use Industry, 2023 and 2031
Figure 19. Food and Beverage: Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 20. Consumer Electronics: Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 21. Chemicals: Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 22. Pharmaceuticals: Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 23. Retail: Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 24. Others: Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 25. North America Slip and Tier Sheets Market, By Key Country – Revenue 2023 (US$ Thousand)
Figure 26. North America Slip and Tier Sheets Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 27. United States Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 28. Canada Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 29. Mexico Slip and Tier Sheets Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 30. Company Positioning & Concentration
The List of Companies – North America Slip and Tier Sheets Market
o Fresh Pak Corp
o International Paper Co
o Georgia-Pacific LLC
o Signode Industrial Group LLC
o WestRock Co
o Dura-Fibre, LLC
o Smurfit Kappa Group Plc
o Crown Paper Converting
o Eltete TPM Oy
o Sonoco Products Co
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