At 7.3% CAGR, Europe Slip and Tier Sheets Market is Projected to be Worth US$ 1,011.02 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Europe slip and tier sheets market was valued at US$ 574.98 million in 2023 and is expected to reach US$ 1,011.02 million by 2031, registering a CAGR of 7.3% 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 Europe slip and tier sheets market growth.

The logistics industry growth is attributed to rising demand for e-commerce and online shopping, rapid expansion of various sectors such as the retail sector, and various government initiatives on infrastructure development. In the last few years, e-commerce has grown exponentially, and companies such as Amazon, Walmart, and Alibaba have ensured that customers receive their required products using e-commerce platforms on their smartphones. The high preference for online shopping is leading to a huge increase in demand for logistics services. Due to the growth of online grocery shopping, many logistics companies are experiencing a significant need for their services. Moreover, the high number of last-mile and express deliveries and the implementation of reverse logistics are influencing the global expansion of the logistics industry.

The growth of the e-commerce sector has allowed the logistics industry to branch out and diversify its operations. During the COVID-19 pandemic, many people preferred online shopping. Further, the growth of the e-commerce industry in Europe is fueled by the rapid penetration of the internet, changing consumer preferences, and the growing middle-class population. The e-commerce industry is driving the road freight transport sector across the region. Further, the growing demand for food and beverages, pharmaceuticals, chemicals, and electronics positively impacts the logistics industry. According to Frontier's latest report, commissioned by Amazon and supported by Logistics UK, the logistics industry is one of the fastest-growing industries in the UK. The industry employed 190,000 new workers from 2019 to 2021. At the end of 2021, 1.25 million workers across the UK were working in the industry. An increase in e-commerce leads to expanded operations to meet increased demand. Consumers are demanding convenience through last-mile connectivity, ease of returns, and other value-added services. The expansion of Direct-to-Consumer (D2C) brands is also demanding end-to-end logistics services. Slip and tier sheets find application in the transportation of various products, including food, beverage, consumer goods, chemicals, and pharmaceutical products. The use of slip and tier sheets offers many logistical advantages such as cost-effectiveness, maximizing space for shipping & storage, and being environmentally friendly. Therefore, the growing e-commerce & logistics sector in different countries across the globe is increasing the use of slip and tier sheets, which is driving the slip and tier sheet market growth.

On the contrary, disadvantages associated with usage of slip sheets hampers 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 (hdpe), and others. The kraft paperboard segment held 56.4% share of Europe slip and tier sheets market share in 2023, amassing US$ 3,24,307.61 thousand. It is projected to garner US$ 5,70,452.45 thousand by 2031 to register 7.3% CAGR during 2023–2031.

In terms of end-use industry, the Europe slip and tier sheets market is segmented into food & beverage, consumer electronics, chemicals, pharmaceuticals, retail, and others. The food & beverage segment held 29.0% share of Europe slip and tier sheets market in 2023, amassing US$ 1,66,611.59 thousand. It is anticipated to garner US$ 2,90,848.78 thousand by 2031 to expand at 7.2% CAGR during 2023–2031.

By country, the Europe slip and tier sheets market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 26.3% share of Europe slip and tier sheets market in 2023. It was assessed at US$ 1,51,636.84 thousand in 2023 and is likely to hit US$ 2,76,553.88 thousand by 2031, registering a CAGR of 7.8% during 2023–2031.

Key players operating in the Europe slip and tier sheets market are Fresh Pak Corp, International Paper Co, Georgia-Pacific LLC, Signode Industrial Group LLC, WestRock Co, Smurfit Kappa Group Plc, 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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