HAZARDOUS LABEL MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
The global hazardous label market is estimated to be valued at USD 1.57 Bn in 2024. The market is expected to reach USD 2.45 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.6% from 2024 to 2031. The global hazardous label market has been witnessing significant growth in the recent years. Hazardous labels provide vital chemical, biological, radiological, and other hazard information and aim to ensure safe handling and use of substances, chemical reactions, and biological agents. Various factors such as increasing industrialization and manufacturing activities, stringent government regulations regarding safety labels, and symbols as well as growing awareness about hazards have been driving the demand for hazardous labels. However, availability of alternatives and fluctuating raw material prices remain key challenges for market players. Overall, with the industrial and economic development worldwide, the global hazardous label market is expected to grow substantially over the coming years.
Market Dynamics
The global hazardous label market growth is driven by rapidly growing industrialization and manufacturing activities across various industries worldwide. There has been significant capital investment in sectors such as chemicals, oil & gas, pharmaceuticals, consumer goods, and various other process industries which require hazardous materials. This has fueled the need for proper identification and safety labeling of hazardous chemicals and substances. However, fluctuations in raw material prices remain a key challenge for manufacturers. Moreover, availability of alternatives such as digital labels and tags pose a threat to traditional hazardous labels. Ongoing R&D in hazardous communication technology is expected to offer new opportunities for market players.
Key Features of the Study
- This report provides in-depth analysis of the global hazardous label market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global hazardous label market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Avery Dennison Corporation, Brady Corporation, 3M Company, CCL Industries Inc., Labelmaster, Uline, SATO Holdings Corporation, Zebra Technologies Corporation, Dunmore Corporation, HERMA GmbH, Tapp Label, Identco, TSC Auto ID Technology Co., Ltd., Meto Labeling Systems, and Printpack, Inc.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global hazardous label market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global hazardous label market
Market Segmentation
Market Segmentation
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