GHS Labels Market Future Growth Analysis, Business Demand And Opportunities To 2030

 Future Market Insights delivers key insights on the GHS labels market in its published report, which includes global industry analysis, size, share, growth, trends, and forecast for 2022–2030. 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.

The global GHS Labels Market is along the path of decent progression, reaching US$ 2.3 Bn by the year 2030 at a CAGR of 4.8% between 2022 and 2030.

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

“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.

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.

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.

Space Constraint of GHS Labels to Hamper the Growth

Globally harmonized system labels are indicators for potential harms that can be caused by the mishandling of the particular chemical or commodity. But sizes of GHS labels varies commodity wise.Some commodities are packed in a smaller packaging to save packaging costs, but information for hazards may be more than the space available. In that cases the information is depicted in smaller or hardly visible sizes, which does not fulfills the safety requirement needed for hazardous chemical, and may result in loss of life or property.

The GHS labels with incomplete information are more harmful and potential to cause more danger while usage or handling of the harmful chemicals. The important and most harmful dangers are listed on the label, but the dangers which are less likely are not listed on the labels.

  • For example:- A chemical drum or bottle packed by manufacturer is small in size, which may not allow to label or showcase in a pictorial manner about all the potential harms that mishandling of that products may result in to.
  • Due to limited space it is possible that only most harmful hazards are listed, but due to partial listing of hazards there may be an, loss of live or property during the usage or handling of chemicals with partial information on it.

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

are some of the leading companies operating in the market.

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

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

Read More information click here @ https://www.futuremarketinsights.com/reports/ghs-labels-market

 

 

Comments

Post a Comment

Popular posts from this blog

Active, Smart, and Intelligent Packaging Market Witness A Spike In Growth Pace Recent Improvements In Pricing Models: FMI

 A new report titled ‘Active, Smart, and Intelligent Packaging Market: Global Industry Analysis (2012 – 2021) & Opportunity Assessment (2022 – 2027),’ Future Market Insights studies the global  active, smart, and intelligent packaging market  and presents value and volume projections for a 10 year period from 2022 to 2027. The global packaging industry has witnessed rapid innovations in the last few years owing to rising consumer preferences for advanced packaging solutions. To cater to frequently changing consumer expectations, manufacturers of packaging products are deploying active, smart, and intelligent packaging solutions to increase product shelf life and offer better value to consumers. The report also presents in-depth insights on the various forces likely to impact market revenue growth in the coming decade. According to the report, the global active, smart, and intelligent packaging market is estimated to be valued at US$ 27.1 Bn in 2022 and this is expecte...
Read more

Market Insights On Probiotics After Antibiotic Recovery Covering Sales Outlook, Demand Forecast & Up-To-Date Key Trends

The global  probiotics after antibiotic recovery market  size is expected to reach US$ 91.77 Billion in 2032. The probiotics after antibiotic recovery market is growing rapidly. As per FMI Analysts, the global Probiotics after antibiotic recovery market is estimated to be valued at US$ 40.22 Billion in 2022 and is projected to increase at a CAGR of 8.6% in the forecast period from 2022 to 2032. Use of probiotic after antibiotic recovery has been gaining significant momentum, as antibiotics help in effective replenishment of the gut microbiome post a complete antibiotic course. Use of antibiotics often leads to wiping out of gut bacteria along with the harmful ones, which brings use of probiotics to the fore. Use of probiotics after antibiotic recovery helps in healthy restoration of gut bacteria, which, in turn, is instrumental to retain the sound health of intestines. Probiotics have always been touted on account of their...
Read more

Jars Market 2022 | Present Scenario And Growth Prospects 2032

  Future Market Insights (FMI) predicts the global sales in the  jar market  to top US$ 61 Bn in 2032 from US$ 42.2 Bn in 2022. Jars are the rigid packaging solution made from plastic, glass, metal, or paper material that are durable and cost-effective. They are used in different industries such as food & beverages, pharmaceuticals, cosmetics & personal care, oil & lubricants, chemicals & fertilizers, and others. Jars are available in different capacity as per the requirement of diverse industries. These include jars less than 10 OZ, 10 to 50 OZ, and more than 50 OZ. The surge in usage of durable packaging solutions will continue fuelling the demand for jars. Jars offer moisture resistance which also is one of the chief drivers of sales across various industries. Also, the availability of eco-friendly jars will continue creating growth opportunity for the jars market. The expanding cosmetics & personal care industry will result in high sales of jar...
Read more