Introduction
In today’s globalized world, safety and compliance are paramount in every industry. The GHS Labels Market plays a pivotal role in ensuring that hazardous materials are handled and transported safely. This comprehensive guide delves into the intricacies of the GHS Labels Market, highlighting its importance, benefits, and trends. By understanding the significance of proper labeling, businesses can navigate the complexities of regulations and enhance workplace safety.
GHS Labels Market: A Safety Imperative
GHS Labels, or Globally Harmonized System labels, are standardized pictograms, symbols, and information panels that convey critical information about hazardous materials. They are a crucial component of risk communication, helping workers, emergency responders, and consumers identify potential dangers associated with various substances. The GHS Labels Market revolves around producing, distributing, and implementing these labels across industries.
The GHS Labels Market is steadily advancing and is expected to reach a valuation of US$ 2.3 billion by 2030, growing at a consistent compound annual growth rate (CAGR) of 4.8% from 2022 to 2030.
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Key Benefits of Proper Labeling
- Enhanced Safety: GHS Labels facilitate easy identification of hazards, enabling workers to take appropriate precautions.
- Global Consistency: GHS standards are recognized internationally, making it easier for companies to trade and operate across borders.
- Regulatory Compliance: Adhering to GHS labeling regulations prevents legal complications and potential fines.
- Risk Mitigation: Accurate labeling reduces the likelihood of mishandling, spills, and accidents.
- Emergency Preparedness: First responders can swiftly assess risks and take necessary actions based on GHS labels.
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
“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.
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Key Segments Covered in GHS Labels Industry Research
by Product Type
- Pre-printed
- Personalized (On-demand)
by Material
- Polypropylene (PP)
- Polyethylene (PE)
- Polyester (PET)
- Polyimide
- Vinyl
- White Thermal Transfer/Direct Thermal Paper
by Size
- 215mm x 279mm
- 215mm x 355mm
- 210mm x 297mm
- 148mm x 210mm
- Any Other Label Size
Packaging Format
- Primary Containers
- Secondary Containers
Printing Technology
- Thermal Transfer
- Pigmented Ink Jet
- Color Laser
by End-use
- Manufacturers
- Logistic & Transport Companies
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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