At 3.2% CAGR, Middle East & Africa Slip and Tier Sheets Market is Projected to be worth US$ 63.38 million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa slip and tier sheets market was valued at US$ 49.11 million in 2023 and is expected to reach US$ 63.38 million by 2031, registering a CAGR of 3.2% from 2023 to 2031. Growing use of sustainable packaging solutions in shipping and logistics and growth of e-commerce & logistics sector are among the critical factors attributed to drive the Middle East & Africa slip and tier sheets market growth.

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.

On the contrary, disadvantages associated with usage of slip sheets hampers 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 (HDPE), and others. The kraft paperboard segment held 57.8% share of Middle East & Africa slip and tier sheets market share in 2023, amassing US$ 28,365.33 thousand. It is projected to garner US$ 36,554.13 thousand by 2031 to register 3.2% CAGR during 2023–2031.

In terms of end-use industry, the Middle East & Africa slip and tier sheets market is segmented into food & beverage, consumer electronics, chemicals, pharmaceuticals, retail, and others. The food & beverage segment held 37.2% share of Middle East & Africa slip and tier sheets market in 2023, amassing US$ 18,278.98 thousand. It is anticipated to garner US$ 23,453.99 thousand by 2031 to expand at 3.2% CAGR during 2023–2031.

By country, the Middle East & Africa slip and tier sheets market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 38.0% share of Middle East & Africa slip and tier sheets market in 2023. It was assessed at US$ 18,670.98 thousand in 2023 and is likely to hit US$ 22,916.99 thousand by 2031, registering a CAGR of 2.6% during 2023–2031.

Key players operating in the Middle East & Africa slip and tier sheets market are Signode Industrial Group LLC, WestRock Co, 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.

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