GHS Labels Market Size, Share 2030: Present Scenario and Growth Prospects

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The global GHS Labels Market is expected to grow at a steady pace, reaching US$ 2.3 billion by 2030, with a CAGR of 4.8 percent between 2022 and 2030.

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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.

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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