At 9.4% CAGR, Asia Pacific Slip and Tier Sheets Market is Projected to be Worth US$ 719.69 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Asia Pacific slip and tier sheets market was valued at US$ 351.34 million in 2023 and is expected to reach US$ 719.69 million by 2031, registering a CAGR of 9.4% from 2023 to 2031. High demand for plastic slip sheets and growth of e-commerce & logistics sector are among the critical factors attributed to drive the Asia Pacific slip and tier sheets market growth.

Plastic slip sheets are made from high density polyethylene and polypropylene. These plastic slip sheets can be manufactured from 100% recyclable, high density polyethylene. Plastic slip sheets are highly suitable for humid or freezing conditions as they are resistant to water and moisture. These sheets are also suitable for overseas exports. A few players operating in the slip and tier sheet market are offering plastic slip sheets with an anti-slip coating. The surface of such plastic slip sheets is rough, which increases the friction between the load and the slip sheet; hence, these sheets have better stability. Thus, the high demand for plastic slip sheets is predicted to offer more lucrative opportunities for the growth of the slip and tier sheet market in the coming years.

On the contrary, disadvantages associated with usage of slip sheets hamper the growth of Asia Pacific slip and tier sheets market.

Based on material, the Asia Pacific slip and tier sheets market is segmented into kraft paperboard, corrugated fiberboard, high density polyethylene (HDPE), and others. The kraft paperboard segment held 43.3% share of Asia Pacific slip and tier sheets market share in 2023, amassing US$ 1,52,132.07 thousand. It is projected to garner US$ 3,09,820.23 thousand by 2031 to register 9.3% CAGR during 2023–2031.

In terms of end-use industry, the Asia Pacific slip and tier sheets market is segmented into food & beverage, consumer electronics, chemicals, pharmaceuticals, retail, and others. The food & beverage segment held 27.4% share of Asia Pacific slip and tier sheets market in 2023, amassing US$ 96,118.09 thousand. It is anticipated to garner US$ 1,95,343.11 thousand by 2031 to expand at 9.3% CAGR during 2023–2031.

By country, the Asia Pacific slip and tier sheets market is categorized into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 46.8% share of Asia Pacific slip and tier sheets market in 2023. It was assessed at US$ 1,64,524.22 thousand in 2023 and is likely to hit US$ 3,60,334.93 thousand by 2031, registering a CAGR of 10.3% during 2023–2031.

Key players operating in the Asia Pacific slip and tier sheets market are Fresh Pak Corp, International Paper Co, Georgia-Pacific LLC, Signode Industrial Group LLC, WestRock Co, 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 July 2022, Georgia-Pacific and Menasha Corporation have finalized an agreement for Menasha to purchase its Color-Box business. The sale is expected to close in the next 4-6 months and includes two plants located in Richmond, Indiana, along with plants in Madera, California, and Pelahatchie, Mississippi. Both Georgia-Pacific and Menasha are committed to a smooth transition with no disruption to existing customers.

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