The prime objective of the market report is to provide a synopsis of theoretical structure and rational approach of the GHS Labels Market, which additionally comprises the future market potential and in-depth knowledge of the statistics implicated in the development of the respective market. The GHS Labels Market is estimated to elevate at a substantial rate in the foreseeable future. The market analysts predict that the GHS Labels Market size will rise from XXX in 2022 to XXX by the year 2030, at an approximate CAGR of XX. The base year considered for the study is 2020, and the market size is projected from 2022 to 2030. The comprehensive market knowledge approach even outs the criterion of the assessment findings that offers greater opportunities for the customers to put their best efforts.
Global GHS Labels Market, By Product Type (Pre-printed, Personalised (On-demand)), By Material (Polypropylene (PP), Polyethylene (PE), Polyester (PET), Polyimide, Vinyl, White Thermal Transfer/Direct Thermal Paper), By Size (215mm x 279mm, 215mm x 355mm, 210mm x 297mm, 148mm x 210mm, Any Other Label Size), By Packaging Format (Primary Containers, Secondary Containers), By Printing Technology (Thermal Transfer, Pigmented Inkjet, Colour Laser), By End-use (Manufacturers, Logistic & Transport Companies) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2022 and 2030.
Employing the appropriate pictograms on the Globally Harmonised System (GHS) labels makes a crucial variance in efficiently conveying material hazards and enhances the safety of the customers and workers. Thus, the packaging of hazardous substances or injurious chemical substances is done with proper labelling of GHS labels depicting crucial instructions to ensure safe transportation and handling which is of great help to workers as well as recipients.
GHS labels are standardised and contain particular information assigned to each of the hazard categories. In accordance with the “Right-to-Understand,” this approach eventually offers consistency in the representation of chemical data and offers prompt identification of the hazards. Thereby, GHS labels are generally needed by chemical jeopardy communication regulations or vocational health and safety legislations. Owing to which, the global GHS labels market is projected to grow substantially in the near future.
In addition to that, the soaring demand for secure packaging patterns among several different end-use industries is also projected to offer major breakthroughs to the market growth in the forthcoming future. With the same token, numerous Innovations in the flexible packaging sector, in the present times, have further put forth a number of opportunities for various manufacturers in the market. Therefore, the global GHS labels market is projected to witness significant growth over the following years.
Moreover, the rapid rise in export of fertilisers, chemicals, and pharmaceuticals all around the world, specifically from the emerging economies is also estimated to propel the growth of the global GHS labels market in the coming years.
Reports and Insights Study identifies some of the key participating players in the GHS labels market globally are Avery Dennison Corporation, UPM Raflatac, Lexmark International, Inc., General Data Company, Inc., PPG Industries, Inc., Brady Worldwide, Inc., 3M Company, CCL Industries Corp., Reliance Label Solution, Inc., HERMA GmbH, Weber Packaging Solutions, Inc., SATO AMERICA, LLC, TCI America, Inc., Loftware, Inc., Nippon Shokubai America Industries, Inc., Teklynx Newco SAS, among others.
Factors that are benchmarked while estimating the GHS Labels market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
- New product designs and launches
- Current product compliance
- Concerns for use of GHS Labels
- Advantages of GHS Labels