North America Slip and Tier Sheets Market Forecast to 2031 - Regional Analysis - by Material and End-Use Industry

The North America slip and tier sheets market was valued at US$ 674.54 million in 2023 and is expected to reach US$ 1.28 billion by 2031; it is estimated to register a CAGR of 8.4% from 2023 to 2031.

Growing Use of Sustainable Packaging Solutions in Shipping and Logistics Fuels North America Slip and Tier Sheets Market

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.

North America Slip and Tier Sheets Market Overview

As per the National Institute on Deafness and Other Communication Disorders, ~30 million people or 13% of the US population aged 12 years and above was experiencing hearing loss in one or both ears in 2021. As per the same source, ~28.8 million people in the US could benefit from the use of hearing aids. Country has presence of the leading global market players, which are focused on product development and launches. Furthermore, FDA approval for OTC hearing aids is expected to create ample opportunities in the market. In October 2023, Audien Hearing launched the world’s first FDA-compliant hearing aid sold over the counter (OTC) - ATOM ONE - for less than US$ 100.

The ATOM ONE would allow millions of people suffering from hearing loss to walk in and purchase an economical device suiting their or their loved ones’ needs. In October 2023, ELEHEAR, a provider of AI-powered hearing aids and audio solutions, introduced its first OTC hearing aid devices - the ELEHEAR Alpha and ELEHEAR Alpha Pro. Therefore, increasing prevalence of hearing impairment among large populations, new product launches, and availability of OTC hearing aids at economical pricing favors the market growth in the US.

North America Slip and Tier Sheets Market Revenue and Forecast to 2031 (US$ Thousand)

North America Slip and Tier Sheets Market Segmentation

The North America slip and tier sheets market is categorized into material, end-use industry, and country.

Based on material, the North America slip and tier sheets market is segmented into kraft paperboard, corrugated fiberboard, high density polyethylene (HDPE), and others. The kraft paperboard segment held the largest share of North America slip and tier sheets market share in 2023.

In terms of end-use industry, the North America slip and tier sheets market is segmented into food & beverage, consumer electronics, chemicals, pharmaceuticals, retail, and others. The food & beverage segment held the largest share of North America slip and tier sheets market in 2023.

By country, the North America slip and tier sheets market is segmented into the US, Canada, and Mexico. The US dominated the North America slip and tier sheets market share in 2023.

Fresh Pak Corp; International Paper Co; Georgia-Pacific LLC; Signode Industrial Group LLC; WestRock Co; Dura-Fibre, LLC; Smurfit Kappa Group Plc; Crown Paper Converting; Eltete TPM Oy; and Sonoco Products Co are some of the leading companies operating in the North America slip and tier sheets market.