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.
Germany’s GHS (Globally Harmonized System of Classification and Labeling of Chemicals) label market is emerging as a potential powerhouse within Europe. It is projected to outshine other regional markets due to its high production capacities. According to FMI analysis, by 2030, Germany’s GHS label market is expected to reach a valuation of US$ 51.9 million and capture a substantial 15% market share.
Germany’s attractiveness for GHS label expansion is underpinned by the presence of numerous industries and a growing chemical sector. The European Union’s significant chemical production, with Germany playing a pivotal role, has been a driving force behind the increased demand for GHS labels in the country.
In the United States, substantial investments in research and development (R&D) in the chemical sector are evident, with the U.S. chemicals industry allocating a significant portion of its annual sales toward R&D. Additionally, as the world’s second-largest consumer of chemicals, the U.S. contributed about US$ 470 billion to the global chemical industry in 2019. These developments, along with the evolving global chemical industry landscape, create growth opportunities for companies operating in the GHS label market.
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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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