GHS Labels Market: An Overview
GHS label is an innovative packaging solution that allows end consumers to read hazards and threats for precautions on the packaging of the product. GHS (global harmonized system) classifies the dangers of chemicals and communicate those threats and caution information using safety data labels and sheets. The labels used are known as GHS labels. GHS labels provide uniformity in threat communication for ease compliance, hearten the safe transport, handling and use of chemicals and promote better emergency response to chemical incidents. Global trade of chemicals comprises a vast range of entities, the individual regulation of which, is next to impossible. A number of countries have their own specific laws for the trade of these chemicals. However, these rules & regulations, although similar, can lead to significant differences in identification of the same hazard in different countries. Therefore, companies participating in international trade would require a large pool of experts familiar with country-wise regulations to ensure correct labeling. The global market for GHS labels has been categorized on the basis of product type as; preprinted and personalized (on demand). Personalized GHS labels are mostly used due to customized packaging of hazardous chemicals and materials.
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GHS Labels Market: Dynamics
GHS labels have huge potential to solve compelling issues in convenience and usage of chemicals and hazardous materials. The need for having an internationally recognizable and harmonized system led to the introduction of the GHS, which enables smooth and efficient trade of chemicals between countries. The global market for GHS labels is expected to grow during the forecast period owing to the increasing trade of hazardous chemicals across the globe. GHS label is applied on the packaging container once the mixture or content is categorized on the basis of its threats, the hazards of mixture or content needs to be communicated to the end-user. The GHS label used for hazardous mixture or content includes signal words, pictograms, precautionary statements, supplemental statements, and hazard statements. Under the classification and labelling (CLP) regulation, pictograms on a white background with a red diamond substitute the orange squares from the old system. The critical value offering of GHS labels is expected to create immense business opportunities for hazardous materials packaging manufacturers, particularly catering to chemical market segments. The global market for GHS labels is anticipated to grow rapidly due to its application in the packaging of hazardous chemicals and materials and is expected to further benefited from adoption of multi-layer technology into end-use market segments.
GHS Labels Market: Regional Outlook
Geographically, the global GHS Labels market has been divided into seven key regions which include North America, Latin America, East Asia, South Asia, Europe, Middle East & Africa (MEA) and Oceania.
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GHS Labels Market: Key Players
Following are some of the key players operating in the global GHS Labels market:
- Avery Dennison Corporation,
- UPM Raflatac,
- PPG Industries, Inc.,
- Brady Worldwide, Inc.,
- 3M Company,
- CCL Industries Corp.,
- Lintec Corporation,
- HERMA GmbH,
- Weber Packaging Solutions, Inc.,
- Robos GmbH
Many local and unorganized players are expected to contribute to the global GHS Labels market during the forecast period.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global GHS Labels market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with GHS Labels market attractiveness as per segments. The report also maps the qualitative impact of various factors on GHS Labels market segments and geographies.