Introduction
In today’s world, where chemical substances are integral to various industries, ensuring safety and regulatory compliance is of paramount importance. This is where GHS labels come into play. The ghs labels market has seen significant growth over the years, driven by the need for standardized labeling of hazardous chemicals. In this comprehensive guide, we will delve into the world of GHS labels, exploring their significance, trends, and their role in promoting safety and compliance.
Understanding GHS Labels
What Are GHS Labels?
GHS, which stands for Globally Harmonized System, is an internationally recognized framework for classifying and labeling chemicals. GHS labels are an essential component of this system. These labels serve as a visual means of communicating crucial information about hazardous chemicals to workers, emergency responders, and consumers.
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 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
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
“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 (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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