The global lip care packaging market is predicted to increase at a CAGR of 6.4% and reach a value of US$ 79.8 billion by the end of the forecast period of 2022–2032. The market for lip care packaging is anticipated to reach US$ 42.9 billion by 2022. Any skincare programme should include a good lip care routine. The need for lip care products has grown as a result of changes in consumer purchasing patterns and lip grooming knowledge.
The popularity of natural and organic lip care products has increased in recent years as a result of growing knowledge about the dangers posed by the chemicals used to create these products. The demand for packaging for lip care products is rising as a result of this rise in popularity.
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Lip Care Packaging Market- Key Players
Some of the key players operating in the lip care packaging market are
- Arminak & Associates LLC,
- Park Tech A/S,
- The Packaging Company,
- HCP Packaging Co. Ltd.,
- Eastar Cosmetic Packaging, and
- IMS Ningbo Limited.
The report offers an accurate evaluation of the market through detailed qualitative insights and verifiable projections about market size. The projections presented in the report have been derived using proven research methodologies and assumptions.
Lip Care Packaging Market- Market Dynamics
Cosmetics packaging manufacturers are finding ways to offer packaging solution that specifically addresses the wide product range available in the lip care market segment. Owing to the nature of lip care products, lip care packaging has to give prime importance to packaging functions such as showcasing of products, communicating information about product specifications, communicating brand value and enhancing the visual appeal of the product on retail shelves.
One of the major factor promoting the growth of lip care packaging market is the increase in per capita disposable income among people in emerging economies.
The trend of personal grooming is not only popular among young population but also catching up with people from all generations. Either be it an elderly or an adult, self-grooming is prevalent among all. Another factor promoting the lip care packaging market is the increased variety of organic and natural lip care products in the market especially appealing to health conscious people.
However, low physical stability of plastic tubes restrains the lip care packaging market as low density plastics such as LLDPE, have the tendency to crack or tear due to recurrent usage. Moreover, the chemicals used in production of lip care products acts as a barrier for the lip care packaging market.
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The global lip care packaging market is witnessing developments in terms of design and functionality of packaging. Lip care packaging tubes with friendly end compartment are new phenomena introduced by few packaging manufacturers. The lip care packaging tubes have a compartment in the tubes called the friendly end which contains lesser amount of the lip care paste.
Lip Care Packaging Market- Market Segmentation
The lip care packaging market can be segmented on the basis of packaging type, material type and applicator type. On the basis of packaging type, the lip care packaging market can be segmented into lip care tubes, lip care tins, lip care bottles and lip care jars. On the basis of material type, the lip care packaging market can be segmented into paperboard, plastic, glass and metal.
Plastic is majorly used due to its inexpensive nature and easy availability. On the basis of applicator type, the lip care packaging market can be segmented into roll-ons and brushes.
Lip Care Packaging Market- Regional Outlook
Geographically, the lip care packaging market is segmented into five key regions: North America, Asia Pacific, Europe, Latin America and Middle East and Africa (MEA). Europe is the leading market segment in the global lip care packaging market.
However, due to increased demand in China and India, the Asia Pacific region is expected to witness a healthy growth rate over the forecast period of 2017-2025. North America is expected to grow at a steady rate, whereas MEA is expected to have a significant growth over the forecasted period due to governmental regulations and economic labor rates.
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil and Rest of Latin America)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
- Eastern Europe (Poland, Russia and Rest of Eastern Europe)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, and Rest of MEA)
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