Report : Middle East & Africa 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 3.7% CAGR, the Middle East & Africa Slip and Tier Sheets Market is speculated to be worth US$ 58.52 Million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Middle East & Africa slip and tier sheets market was valued at US$ 47.01 million in 2022 and is expected to reach US$ 58.52 million by 2028, registering a CAGR of 3.7% from 2022 to 2028. High demand for plastic slip sheets and growth of e-commerce & logistics sector are the critical factors attributed to the Middle East & Africa 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 Middle East & Africa slip and tier sheets market in the coming years.
On the contrary, disadvantages associated with usage of slip sheets hurdles the growth of Middle East & Africa slip and tier sheets market.
Based on material, the Middle East & Africa slip and tier sheets market is segmented into kraft paperboard, corrugated fiberboard, high density polyethylene, and others. The kraft paperboard segment held 57.8% market share in 2022, amassing US$ 27.15 million. It is projected to garner US$ 33.77 million by 2028 to expand at 3.7% CAGR during 2022–2028.
Based on end-use industry, the Middle East & Africa slip and tier sheets market is segmented into food and beverage, consumer electronics, chemicals, pharmaceuticals, retail, and others. The food and beverage segment held 37.2% market share in 2022, amassing US$ 17.51 million. It is projected to garner US$ 21.70 million by 2028 to expand at 3.6% CAGR during 2022–2028.
Based on country, the Middle East & Africa slip and tier sheets market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that The Rest of Middle East & Africa captured 38.2% market share in 2022. It was assessed at US$ 17.98 million in 2022 and is likely to hit US$ 21.57 million by 2028, exhibiting a CAGR of 3.1% during the forecast period.
Key players dominating the Middle East & Africa slip and tier sheets market are Fresh Pak Corp, International Paper Co, Signode Industrial Group LLC, and WestRock Co, among others.
Contact Us
Contact Person: Sameer Joshi
Phone: +1- 646- 491- 9876
Email id: sam@businessmarketinsights.com