Slip Sheets Market 2022 Key Players, SWOT Analysis, Key Indicators and Forecast to 2032 The global slip sheets market is projected to reach a valuation of US$ 934.7 Mn in 2022. With demand increasing at a 4.9% CAGR, the market size will reach US$ 1.5 Bn by 2032. Slip Sheets Market Will Exceed US$ 1.5 Billion Due to Increased Adoption of Lightweight Packaging Materials in Various Industries Traditionally, pallets were used protect products while storage, transport and shipping operations. However, pallets are heavy and consume a lot of space as they are generally made up of wood which increases the cost of transportation and shipping. As a result, there is a growing demand for lightweight packing materials to minimise overall packaging and transportation costs. This is projected to increase slip sheet sales in the coming years. Slip sheets are becoming a popular alternative to pallets since they are lightweight and can carry the same amount of weight as wood while taking up less room. These sheets also help to keep products free of contamination and protect them better. Competition Landscape
WestRock Company,
Badger Paperboard, Inc.,
Signode India,
Sonoco Products Company,
International Paper Inc,
Atlantic Packaging, and
INDEVCO Paper Containers
are the key players operating in the slip sheets Market. Furthermore, Continental Paper and Plastic Corporation, CROWN PAPER CONVERTING, Dura-Fibre, LLC, and RTS Packaging, LLC are also noticeable players in the slip sheets market. Tier 1 players in the market hold 10-15% of the total market share. Slip sheets are generally made up of recyclable material and do not require much maintenance as they can be used again. As slip sheets occupy lesser space as compared to wooden pallets, it ultimately reduces the handling cost. Backed by these factors, demand for slip sheets in logistic and shipping sector is projected to gain traction. Further, expansion of the ecommerce sector across the globe, along with increasing global trade volumes will create opportunities for growth in the market. Overall, global trade during 2021 reached a record high of about US$ 28.5 trillion according to the United Nations Conference on Trade and Development (UNCTAD). The e-commerce and warehousing industries are benefiting from global trade, which is expected to boost demand for slip sheets in the packaging business. Slip sheet sales will be driven by an increasing desire for more safety and protection while the product is in transit.