According to a recent research analysis by Future Market Insights (FMI), the Global Harmonized System (GHS) labels market is set to see significant growth, with an updated valuation of USD 1,668.4 million in 2024. The market is projected to progress at a steady CAGR of 3.4%, reaching USD 2,330.7 million by 2034.
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GHS Labels Demand Analysis
- Enhanced Durability: Manufacturers are increasingly opting for GHS labels that can withstand chemicals and harsh factory environments, ensuring tough and reliable labeling for industrial use.
- Advanced Tracking Capabilities: The integration of tracking features in GHS labels is enhancing product functionality, and driving demand across multiple sectors.
- Government Initiatives: Efforts by governments in developing countries to boost packaging, manufacturing, and chemical industries are expanding the geographic demand for GHS labels.
- Research Institutions: The rise of new research institutions is increasing the demand for GHS labels for labeling research and institutional materials.
- Export Growth: Increased exports of hazardous materials, particularly from Asian countries to the Western world, are driving the demand for GHS labels to ensure safe and compliant transportation.
Market Trends and Opportunities
- Chemical Industry Growth: The booming chemical industry, especially in Asian nations, is expected to significantly boost the demand for GHS labels.
- Shift to Thermal Paper: Industrialists are moving away from traditional paper GHS labels, favoring thermal paper for its heat-sensitive capabilities and durability.
- Customized Labels: There is a growing trend towards customized GHS labels, tailored to meet the specific requirements of various end-user industries such as agriculture and chemicals.
- Technology Integration: The incorporation of RFID and other advanced technologies is ensuring GHS labels remain relevant in rapidly evolving industries.
- Printing Technology Advancements: Continuous advancements in printing technology are enabling manufacturers to produce GHS labels with higher readability and efficiency.
Thermal Transfer’s Superior Text Printing Quality Uplifts Manufacturer Preference
Thermal transfer is anticipated to account for 35.4% of the market share in 2024. Key factors driving the demand for thermal transfer GHS labels include:
- High Readability: Thermal transfer’s ability to print highly readable text makes it the preferred choice for GHS label manufacturers.
- Barcode Clarity: With the rising importance of barcodes in labeling, thermal transfer’s capability to produce barcodes with improved clarity is driving advancements in printing technology.
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Key Segments
By Product Type:
- Pre-printed
- Personalized
By Material:
- Polypropylene (PP)
- Polyethylene (PE)
- Polyester (PET)
- Polyimide
- Vinyl
- Direct Thermal Paper
By Size:
- 215mm x 279mm
- 215mm x 355mm
- 210mm x 297mm
- 148mm x 210mm
- Other Label Size
By Printing Technology:
- Thermal Transfer
- Pigmented Ink Jet
- Color Laser
By Packaging Formats:
- Primary Containers
- Secondary Containers
By End Use:
- Manufacturers
- Logistic & Transport Companies
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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