The market for GHS labels is growing reasonably well, with a CAGR of 4.8% between 2022 and 2030 bringing it to US$ 2.3 billion. Greater use of GHS labels by the manufacturers is also made possible by the demand for packaging hazardous substances with suitable labelling that includes crucial instructions to enable safe handling and transportation. The market is anticipated to be driven by changes in packaging goals, technological advancements, and the widespread use of GHS labels.
To produce the best industry report, this GHS Labels Market report was created by rigorously adhering to commitments and deadlines. The current trends, market segmentation, new market entry, industry forecasting, target market analysis, future directions, opportunity identification, strategic analysis, insights, and innovation are all discussed in this global GHS Labels Market study. Because of its comprehensive structure, this market research study provides superior insights into many industry segments on which organisations rely heavily in order to thrive. This GHS Labels Market report is one of the most important, unique, and trustworthy market research papers, concentrating on specific company requirements.
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“Aside from strict rules requiring the chemical sector to explicitly indicate potential hazards, a focus on preventing product counterfeiting will provide tailwinds to market growth,” stated a lead analyst at FMI.
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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“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.
Key Segmentation- – GHS Labels Market by Product Type (Pre-printed and Personalized (On-demand)), Material (Polypropylene (PP), Polyethylene (PE), Polyester (PET), Polyimide, Vinyl, and White Thermal Transfer/Direct Thermal Paper), By Packaging Format (Primary Containers and Secondary Containers) & Region – Forecast 2022 – 2030
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
Demand for GHS Labels Rising As Brand Owners Aim to Prevent Counterfeit Products
The risk of loss of commodity due to mishandling the hazardous chemicals while transit is always there by all modes of transit, such as rail, road, and sea. But the usage of globally harmonized system labels can help shippers as well as the buyers and sellers of hazardous chemicals to ensure safe and easy handling of harmful chemicals.
Expansion of the chemicals industry has stimulated growth in various several markets, including that for GHS labelling. With increasing demand for labelling, manufacturers are also offering advanced labelling solutions to brand owners which provide tracking, and tracing of chemical products. However, major challenge faced by logistics companies is the counterfeit of chemicals which can be reduced by usage of GHS labels.
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Growing of the chemical sector, particularly in global markets, has led to emergence of modern facilities that sell wide variety of product categories in bulk quantities. GHS labels reduce chances of package tampering, which ensures right delivery of products to consumers. Various GHS label manufacturers offer labels that can be applied on variety of substrates such as glass, paper, plastics, etc. with the latest technology such as RFID, which are used as unified classification for packaging in the chemical sector.
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