The GHS Labels Market is advancing steadily, poised to achieve a valuation of US$ 2.3 billion by 2030, with a Compound Annual Growth Rate (CAGR) of 4.8% anticipated between 2022 and 2030. This sustained progression is indicative of the market’s resilience and responsiveness to evolving industrial and regulatory landscapes. As businesses worldwide prioritize safety and compliance, GHS labels, designed to communicate hazard information effectively, are becoming increasingly integral across diverse sectors. The market’s trajectory reflects not only the rising emphasis on workplace safety but also the crucial role of standardized labeling in ensuring global harmony in chemical hazard communication.
Furthermore, the imperative need for appropriately labeling hazardous substances, complete with vital instructions for safe handling and transportation, is fostering a widespread embrace of GHS labels among manufacturers. The market is propelled by technological advancements, evolving packaging objectives, and the versatile applicability of GHS labels, collectively steering the industry towards sustained growth.
Germany stands out as a promising market for GHS labels, poised to surpass its European counterparts due to robust production capacities. Future Market Insights (FMI) analysis forecasts that Germany’s GHS labels market is anticipated to reach a valuation of US$ 51.9 million, commanding a substantial 15% market share by the year 2030. This underscores Germany’s significant role in the regional landscape, reflecting both the nation’s industrial prowess and the heightened emphasis on hazard communication and safety standards within the country.
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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
Competitive Landscape
Some of the leading manufacturers of GHS labels are focusing on product innovations to make their products stand out from others. Manufacturers are specializing in short lead times, fast turn-around, and production of GHS labels in small quantities.
- In 2020, Avery Dennison acquired Smartrac’s RFID transponder business.
- Herma GmbH introduced BPA-free thermal labels in June 2019.
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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