Future Market Insights provides key insights on the GHS Labels market in published reports with global industry analysis, size, share, growth, trends and forecasts for 2020-2030. In terms of revenue, the global GHS label market is estimated to grow 1.6 times during the forecast period owing to various factors such as increasing demand from chemicals and other industries.
GHS stands for a globally harmonized system of classifying and labeling chemicals. Strict regulations are enforced worldwide, requiring labels to classify hazardous chemicals. With a focus on safer packaging, the GHS label market will expand significantly over the next few years.
Among end users, manufacturers are expected to have a higher share of GHS label demand. According to the report, manufacturers are expected to account for more than half of the demand exhibited in the market.
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Highlights from GHS Label MarketStudy
- After the negative growth period, GHS label sales improved slightly, recording 0.2% year-over-year growth in value in 2021.
- Expansion of the chemical sector will spur growth in the US, accounting for an 87% share of the North American market in 2021.
- The UK will record negative growth in 2021, but sales are poised to improve from 2022.
- Germany will record positive sales growth in 2021, but sales in France will recover after 2022.
- Increasing production and exports of chemical products have made China the dominant market in East Asia, followed by Japan and South Korea.
“The focus on product counterfeit prevention in addition to enforcing stringent regulations that require the chemical sector to clearly articulate potential risks will be a tailwind for market registered growth,” said FMI’s chief analyst .
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Growing demand for GHS labels as brand owners aim to combat counterfeit products
The risk of loss of goods due to the mishandling of hazardous chemicals during transport is always present in all modes of transport, such as rail, road and sea. However, the use of a globally uniform system label allows both buyers and sellers of hazardous chemicals as well as shippers to handle hazardous chemicals safely and easily.
The expansion of the chemical industry has stimulated growth in a number of different markets, including GHS labeling. As the demand for labeling grows, manufacturers are providing brand owners with advanced labeling solutions that provide traceability and traceability of their chemical products. However, a major challenge facing logistics companies is counterfeit chemicals that can reduce the use of GHS labels.
The growth of the chemical sector, especially in the global market, has led to the emergence of modern facilities selling a wide range of product categories in bulk. GHS labels help ensure correct product delivery to consumers by reducing the chance of packaging tampering. Various GHS label manufacturers offer labels that can be applied to a variety of substrates, such as glass, paper, plastic, etc., using the latest technologies such as RFID, which is used as an integrated classification of packaging in the chemical sector.
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Space constraints on GHS labels impeding growth
The globally harmonized system label is an indicator of the potential harm that can arise from the mishandling of a particular chemical or commodity. However, the size of the GHS label varies by product. Some items are packed in smaller packaging to save on packaging costs, but risk information may be greater than space available. In this case, the information is presented in a smaller or barely noticeable size, which does not meet the necessary safety requirements for hazardous chemicals and may result in loss of life or property.
GHS labels with incomplete information are more harmful and potentially more dangerous while using or handling hazardous chemicals. The most important and most harmful risks are listed on the label, but the less probable risks are not.
- Example:- Chemical drums or bottles packaged by manufacturers are small and cannot be pictured or showcased for any potential damage that could result from improper handling of the product.
- Due to limited space, only most hazardous hazards can be listed, but partial listing of hazards may result in loss of life or property while using or handling chemicals with partial information.
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. and Teklynx Newco SAS are the major players operating in the market.
Valuable Insights on the GHS Labels Market Report
Future Market Insights provides an unbiased analysis of the global GHS label market by analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030 in a new report. The study included product type (pre-printed and personalized), size (polypropylene (PP), polyethylene (PE), polyester (PET), polyimide, vinyl and white thermal transfer/direct thermal paper), packaging type (primary container). and secondary containers), printing technology (thermal transfer, tinted inkjet and color laser) and end-use (manufacturers and logistics and transport companies) across seven regions.
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