The global market for industrial packaging is forecast to reach $61 billion by 2020. Drums and IBCs together, as typical packages for chemical products, are forecast to represent 36% of total usage.
Chemical label needs to follow GHS standard from 1st June 2015. GHS is set to unify communication of hazardous products and replace existing country specific regulations. International marine transportation of chemical labels requires BS5609 certification. To obtain BS 5609 certification, labels need to withstand a three-month salt water submersion test in the English Channel.
BS 5609-certified labels are proven to meet the most stringent tests for durability in the industry, and are described as an extremely durable label suitable use in harsh environmental conditions. Pharmaceutical labels also need to follow GHS standard and global pharmaceutical packaging market is expected to reach $105 million by 2022, growing at a CAGR of 6.27%. One of the biggest opportunity is in this chemical sector for flexible and variable digital printing on durable labels.