HAZARDOUS LABEL MARKET Challenges and Opportunities

One of the key challenges in the market is the high costs associated with compliant labeling solutions. Developing hazard labels that meet stringent regulatory guidelines involves significant expenses. Companies need to invest heavily in research and development to design labels with accurate pictograms, signal words, and precautionary statements as mandated by regulations such as GHS, OSHA, NFPA, etc. There are also considerable costs involved in testing the label prototypes to ensure they meet all required physical and chemical specifications. Moreover, maintaining an inventory of different labeling stocks to suit diverse products and industrial applications further increases expenses. The certification process for labels also incurs substantial compliance costs.