Report : Europe 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)
At 7.1% CAGR, the Europe Slip and Tier Sheets Market is speculated to be worth US$ 810.86 Million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe slip and tier sheets market was valued at US$ 538.59 million in 2022 and is expected to reach US$ 810.86 million by 2028, registering a CAGR of 7.1% from 2022 to 2028. High demand for plastic slip sheets and growth of e-commerce & logistics sector are the critical factors attributed to the Europe slip and tier sheets market expansion.
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 export. 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 Europe slip and tier sheets market in the coming years.
On the contrary, disadvantages associated with usage of slip sheets hurdles the growth of Europe slip and tier sheets market.
Based on material, the Europe slip and tier sheets market is segmented into kraft paperboard, corrugated fiberboard, high density polyethylene, and others. The kraft paperboard segment held 56.4% market share in 2022, amassing US$ 303.66 million. It is projected to garner US$ 457.76 million by 2028 to expand at 7.1% CAGR during 2022–2028.
Based on end-use industry, the Europe slip and tier sheets market is segmented into food and beverage, consumer electronics, chemicals, pharmaceuticals, retail, and others. The food and beverage segment held 29.0% market share in 2022, amassing US$ 156.11 million. It is projected to garner US$ 234.16 million by 2028 to expand at 7.0% CAGR during 2022–2028.
Based on country, the Europe slip and tier sheets market is segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 26.3% market share in 2022. It was assessed at US$ 141.39 million in 2022 and is likely to hit US$ 218.82 million by 2028, exhibiting a CAGR of 7.6% during the forecast period.
Key players dominating the Europe slip and tier sheets market are Fresh Pak Corp, International Paper Co, Menasha Corp, Signode Industrial Group LLC, and WestRock Co, among others.
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