Introduction
In today’s world, where safety regulations are of paramount importance, the GHS Labels Market plays a vital role in ensuring the safe handling and transportation of hazardous substances. GHS, which stands for the Globally Harmonized System of Classification and Labelling of Chemicals, is an internationally recognized system that standardizes the classification and labeling of hazardous chemicals. This comprehensive system provides clear communication of potential hazards and precautionary measures through labels and safety data sheets. In this article, we will delve into the intricacies of the GHS Labels Market, exploring its significance, growth prospects, key players, and more.
Understanding the GHS Labels Market
The GHS Labels Market encompasses a wide range of products and services related to the production, distribution, and utilization of GHS-compliant labels. These labels play a crucial role in ensuring workplace safety and minimizing risks associated with hazardous substances. GHS labels are designed to communicate important information about the nature of the chemical, its hazards, and recommended safety precautions. By providing clear and standardized labeling, these labels enable workers, emergency responders, and consumers to understand and handle hazardous materials safely.
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Growth of the GHS Labels Market
The GHS Labels Market has witnessed significant growth in recent years, driven by the increasing emphasis on workplace safety and regulatory compliance. The implementation of GHS guidelines by various regulatory bodies and governments worldwide has propelled the demand for GHS-compliant labels. Additionally, the growth of industries such as chemicals, pharmaceuticals, manufacturing, and transportation has further contributed to the expansion of the market.
According to industry reports, the global GHS Labels Market is projected to experience robust growth in the coming years. The market is expected to be driven by factors such as:
- Stringent Safety Regulations: The implementation of stringent safety regulations by regulatory bodies, such as the Occupational Safety and Health Administration (OSHA) in the United States, and corresponding bodies in other countries, mandates the use of GHS-compliant labels.
- Increasing Awareness: Growing awareness about workplace safety and the importance of GHS labels among employers, employees, and consumers is fueling the demand for these labels.
- Rising Chemical Industry: The expansion of the chemical industry, coupled with increasing international trade, necessitates the use of standardized labeling to ensure global harmonization of hazard communication.
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
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About Future Market Insights, Inc.
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