The global GHS Labels Market is along the path of decent progression, reaching US$ 2.3 Billion by the year 2030 at a CAGR of 4.8% between 2022 and 2030.
GHS Labels Market: Enhancing Hazard Communication
GHS (Globally Harmonized System) labels are an essential component of hazard communication. These labels provide vital information about the hazards associated with chemicals, ensuring the safe handling, storage, and transportation of substances. The GHS Labels Market encompasses a wide range of industries, including manufacturing, pharmaceuticals, chemicals, and healthcare, where the use of hazardous substances is prevalent.
Importance of GHS Labels in Hazard Communication
GHS Labels serve as a critical tool in conveying important safety information to workers, emergency responders, and consumers. These labels feature standardized symbols, pictograms, signal words, and hazard statements, enabling individuals to quickly identify potential risks associated with chemicals. By using GHS Labels, organizations can effectively communicate hazards and precautionary measures, thereby reducing the risk of accidents and injuries.
Download our Sample Report to discover how recent industry developments, like: https://www.futuremarketinsights.com/reports/sample/rep-gb-9942
Growth Factors Driving the GHS Labels Market
The GHS Labels Market has witnessed substantial growth in recent years, primarily driven by the following factors:
- Rising Emphasis on Workplace Safety: With an increasing focus on employee well-being, companies are implementing stringent safety regulations to mitigate hazards. The demand for GHS Labels has surged as organizations strive to comply with these regulations and maintain a safe working environment.
- Stringent Government Regulations: Governments worldwide are enacting stringent regulations to ensure the safe handling and transportation of hazardous substances. Compliance with these regulations necessitates the use of GHS Labels, driving the market growth.
- Globalization and International Trade: The harmonization of hazard communication systems through GHS Labels has become crucial due to globalization and international trade. Standardized labeling practices enable seamless communication and understanding of hazards across borders.
- Increasing Awareness and Training: Growing awareness about the importance of safety and the potential risks associated with chemicals has led to an increased demand for GHS Labels. Organizations are investing in employee training programs, highlighting the significance of GHS Labels in hazard communication.
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
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
Unlock Exclusive Savings of up to 30% on Tailoring this Report
“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 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
Emerging Trends
The GHS Labels Market is witnessing several trends that are shaping its growth and development:
- Digitalization of Labels: The advent of technology has paved the way for digital GHS Labels. These labels can be accessed through mobile apps or scanning devices, providing instant access to safety information and updates.
- Customized Labels: With the increasing demand for personalized labeling solutions, manufacturers are offering customizable GHS Labels. These labels can be tailored to specific requirements, including company logos, additional warnings, or instructions.
- Sustainable Labeling: The market is witnessing a shift towards sustainable labeling solutions. Manufacturers are exploring eco-friendly materials and adhesives to reduce the environmental impact of GHS Labels.
- Integration of QR Codes: QR codes are being integrated into GHS Labels to enhance hazard communication. Scanning these codes provides detailed information about the chemicals, emergency procedures, and safety data sheets.
Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-9942
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com