The global GHS Labels Market is along the path of decent progression, reaching US$ 2.3 Billion by the year 2030 at a CAGR of 4.8% between 2022 and 2030.
The GHS Labels Market has experienced substantial growth in recent years, driven by various factors such as stringent government regulations, the need for workplace safety, and increased awareness among employers and employees. The market encompasses a wide range of labels, including hazard pictograms, signal words, precautionary statements, and supplier identification.
The GHS labels market is driven by the increasing demand for hazardous chemical identification and safety. The GHS labels are mandatory for hazardous substances, and the companies that deal with hazardous chemicals need to comply with the regulations. Moreover, the rising concern for worker safety has also increased the demand for GHS labels.
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Factors Driving the Growth of the GHS Labels Market
1. Strict Government Regulations
Government bodies worldwide have implemented stringent regulations to ensure the safety of workers and the environment during the handling and transportation of hazardous materials. Compliance with these regulations requires the proper use of GHS labels to communicate potential hazards effectively. The need for regulatory compliance has led to an increased demand for GHS labels in the market.
2. Focus on Workplace Safety
In recent years, there has been a growing emphasis on workplace safety across industries. Employers recognize the importance of providing a safe working environment for their employees and take proactive measures to mitigate potential risks. GHS labels play a crucial role in conveying vital safety information, enabling workers to identify and understand the hazards associated with the materials they handle.
Competitive Landscape
- Avery Dennison Corporation
- UPM Raflatac
- PPG Industries, Inc.
- Brady Worldwide, Inc.
- 3M Company
- CCL Industries Corp.
- Reliance Label Solution, Inc.
- HERMA GmbH
- Weber Packaging Solutions, Inc.
- SATO AMERICA, LLC
- Brandywine Drumlabels, LLC
- TCI America, Inc.
- Loftware, Inc.
- Nippon Shokubai America Industries, Inc.
- Teklynx Newco SAS
Key Takeaways of GHS Labels Market Study
- After a period of negative growth, GHS labels sales well improve marginally, registering a 0.2% y-o-y growth in terms of value in 2022
- Expansion of chemicals sector will boost growth in the U.S., enabling it to hold 87% share in the North America market in 2022
- The U.K. will register negative y-o-y growth in 2021, however, sales are poised to improve 2022 onwards
- Germany will record positive growth in sales in 2021, however, sales in France will recover 2022 onwards
- Increasing production and export of chemicals has placed China as the dominant market in East Asia, followed by Japan and South Korea
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“Besides implementation of stringent regulations, requiring the chemical sector to clearly state potential hazards, focus on preventing counterfeiting of products will give tailwinds to growth registered by the market,” said a lead analyst at FMI.
Key Segments Covered in GHS Labels Industry Research
GHS Labels Market by Product Type
- Pre-printed
- Personalized (On-demand)
GHS Labels Market by Material
- Polypropylene (PP)
- Polyethylene (PE)
- Polyester (PET)
- Polyimide
- Vinyl
- White Thermal Transfer/Direct Thermal Paper
GHS Labels Market by Size
- 215mm x 279mm
- 215mm x 355mm
- 210mm x 297mm
- 148mm x 210mm
- Any Other Label Size
GHS Labels Market by Packaging Format
- Primary Containers
- Secondary Containers
GHS Labels Market by Printing Technology
- Thermal Transfer
- Pigmented Ink Jet
- Color Laser
GHS Labels Market by End-use
- Manufacturers
- Logistic & Transport Companies
Emerging Trends in the GHS Labels Market
The GHS labels market is evolving rapidly, driven by advancements in technology and shifting industry dynamics. Some prominent trends in the market include:
- Digitalization and Smart Labels: With the advent of digitalization, traditional paper-based labels are being replaced by smart labels. These labels integrate advanced features like QR codes, NFC (Near Field Communication), and sensors to provide real-time information and enable efficient tracking.
- Sustainable Labeling Solutions: Environmental sustainability is gaining momentum across industries. As a result, manufacturers are focusing on developing eco-friendly labeling solutions by utilizing recyclable materials and adopting sustainable printing practices.
- Integration with Chemical Safety Software: To streamline hazard communication, GHS labels are increasingly being integrated with chemical safety software systems. This integration enables automated label generation, seamless data exchange, and centralized control over labeling processes.
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About Future Market Insights, Inc.
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