The information provided in the report highlights the growth and factors influencing the GHS Labels Market. Some key points to note from the report include:
- Market Growth: The global GHS Labels Market is projected to grow steadily, with a Compound Annual Growth Rate (CAGR) of 4.8 percent between 2022 and 2030. It is estimated that the market will reach a value of US$ 2.3 billion by 2030.
- Regulatory Compliance: The chemical sector is subject to strict regulations that require clear labeling of potential hazards associated with chemical products. Compliance with these regulations drives the demand for GHS (Globally Harmonized System) labels, which provide standardized symbols and information to communicate the hazards associated with chemicals.
- Counterfeit Prevention: The report emphasizes that the focus on preventing product counterfeiting will contribute to the growth of the GHS Labels Market. GHS labels help in ensuring the authenticity of chemical products and provide important safety information to users, helping to mitigate the risks associated with counterfeit or substandard products.
- Market Opportunities: The report suggests that the GHS Labels Market presents opportunities for companies to cater to the specific requirements of different industries. As various sectors, such as chemicals, pharmaceuticals, manufacturing, and others, adopt the GHS labeling system, there is a growing demand for customized labels that meet industry-specific needs.
- Market Research Study: The report positions itself as an essential and trustworthy market research paper, offering comprehensive insights into various industry segments. It focuses on providing insights, innovation, and strategic analysis to assist organizations in meeting their specific requirements.
Overall, the report indicates that the GHS Labels Market is expected to grow steadily due to regulatory compliance requirements and the need to prevent product counterfeiting. The report also highlights the importance of tailored solutions to cater to the diverse labeling needs of different industries.
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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
In terms of revenue, the global GHS labels market is estimated to grow by 1.6x during the forecast period, owing to numerous factors such as increasing demand from chemicals and other industries
GHS stands for globally harmonized system of categorizing and labelling chemicals. Stringent regulations are implemented around the world, compelling the classification of hazardous chemicals on labels. With focus on safer packaging rising, the GHS label market will significantly expand in the coming years.
Among end users, manufacturers are expected to account for a higher share in the demand for GHS labels. According to the report, manufacturers are expected to account for over half of demand exhibited in the market.
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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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
GHS Labels Market by Region
- North America GHS Labels Market
- Latin America GHS Labels Market
- Europe GHS Labels Market
- East Asia GHS Labels Market
- South Asia GHS Labels Market
- Oceania GHS Labels Market
- Middle East & Africa (MEA) GHS Labels Market
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