Lip Care Packaging Market, Size, Share 2021-2028
Added: (Fri Nov 19 2021)
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Market Overview
The global lip care packaging market size was worth US$ XX billion in 2020 and is estimated to show significant growth by reaching up to US$ XX billion by 2028, growing at a CAGR of XX% within the forecast period (2021-2028).
Lip care products include dust, harmful sun rays, and drying effects caused by wind and cold to protect and nourish the lips. Paraffin, beeswax, camphor, flavors, sunscreens, dyes, fragrances, and several other ingredients make up these products. Increased demand for multi-functional, organic lip care products, supported by increased health concerns, has fuelled the use of lip care products, fueling the growth of the global packaging market for lip care products. To attract more customers, lip care manufacturers are continuously trying to bring the latest and efficient packaging system to the market. The Lip care packaging market has launched various innovative lip care packaging products that appeal to customers' aesthetic sense, ultimately leading to increased sales. Lip care packaging generally involves roll-ons, pots, jars, and tins.
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Market Dynamics
The global lip care packaging market is driven by increasing population inclination towards personal grooming and the increasing importance of presentable appearance. Growing numbers of key players in the cosmetics industry and increasing product shipment across different parts of the world create immense lip care product opportunities in the past few years.
Increasing inclination of population towards personal grooming and the increasing importance of presentable appearance
Earlier personal care and use of cosmetics were termed to be one of the biggest luxuries; however, it referred to be the major part of our lifestyle. In addition, the trend of personal grooming is popular among the young population and catching up with people from all generations. Self-grooming is popular among all, whether it be an elderly person or an adult. This growing self-care is more likely to accelerate the cosmetics industry, and the key players are adopting different product packaging means to target more customer base. This rising demand for cosmetic products is witnessing developments in terms of designs and functionality of packaging. Owing to raising awareness among the population, key players bring lip-care packaging with friendly end compartments as new phenomena. These compartments contain a lesser amount of lip care paste, which enabled the lip care consumer to share lip balms among friends, reducing the chances of transferring germs to one another.
Growing numbers of key players in the cosmetics industry and increasing product shipment across different parts of the world create immense lip care product opportunities in the past few years.
The packaging is the first impression and is often a consumer's first introduction to the product. Therefore, various key players are focused on bringing the latest and most efficient packaging design to the market. Increasing consumer base towards cosmetics and personal care is more likely to accelerate the lip care packaging market in recent times. Key players use different distribution channels to transport their product across the globe, and packaging plays a vital role in keeping the product safe during shipping between the manufacturing facility and the retailer and preventing damage while the product sites are on the shelf. Incorporating customization options and bio-material packaging has created a new segment in the lip care packaging market by attracting new customers and brand owners. Therefore increasing number of key players and the growing adoption of different distribution channels has uplifted the demand for lip care products in recent times.
Increasing use of chemicals in lip care products causing harm to human health and presence of allergens in the products is responsible for hampering the lip care packaging market in recent times
Out of various advantages and increasing adoption of lip care products, there are several disadvantages associated with these products. One of the prime disadvantages is the increasing use of chemicals to produce lip care products, including lip balm, lip gloss, lip balm, and other products. Various key players use chemicals such as lead, petrolatum, cadmium chromium, parabens, and other chemicals, and these chemicals are potentially harmful agents to human health. Many lip care products contain allergens such as camphor, citrus, mint, tea tree, eucalyptus, and lanolin, which causes lip rash that mimics chapped lips due to allergic reactions. Thus, the disadvantages mentioned above directly impact lip care's packaging market in recent times. The plastic tubes used in the manufacture of lip care packages are fragile and do not withstand the physical strain. These low-density plastic packages are prone to breaking when confronted with repeated use, which is straining this market's growth.
COVID-19 Impact Analysis
The global lip care packaging has shown a slight decline due to the COVID-19 pandemic, as several manufacturing plants were shut for months. Further several countries have restricted production activities during the covid-19 pandemic. The major lockdown due to the COVID-19 outbreak leads to suddenly dropping down consumers' interest towards purchasing any goods, and halt in transportation sectors has severely hampered the business of lip care packaging market due to disruption in the product's supply chain management.
The majority of businesses are shut down, and operations across several end-users of lip care packaging products such as women, men, and children are also compromised, thus dropping the product's global demand in 2020.
Segment Analysis
– By Material
• Plastic*
• Metal
• Glass
• Others
– By Product
• Lip Balm*
• Lip Serum
• Lipsticks
• Lip Liner
• Lip Scrub
• Lip Brush
• Others
Geographical Analysis
Increased affordability, the availability of various lip care products and presence of some of the leading cosmetics brand in this Asia-Pacific region is uplifting the growth of lip care packaging in the region
The Asia Pacific is expected to witness significant growth in this market due to some of the leading cosmetics brands in this region and the growing standard of living of this region's population. Increased affordability, the availability of various lip care products, and increasing adoption of cosmetics products by different age groups supported by the rapidly growing population are adding to the growing market of lip care packaging in the Asia-Pacific region. According to the National Bureau of Statistics China (NBSC), more than half of the Indian population dwells in the urban economies, this is anticipated to increase up to 60% by 2030. In addition, according to the Department of Economics and Social Affairs (UN DESA) of the United Nations, Asian economies, such as China and India, accounted for the fastest urban population growth in 2013. Thus the growing population is accelerating the growth of lip care packaging in the region.
Competitive Landscape
The lip care packaging market is highly competitive with the presence of local as well as global companies. Some of the key players contributing to the market's growth include HCP Packaging, AptarGroup, Inc, Arminak & Associates, LLC, LUMSON SpA, Libo Cosmetics, PACK TECH A/S, Gerresheimer Holding, Eastar Cosmetic Packaging, Quadpack Group, IMS Ningbo Limited, and among others.
The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, contributing to the lip care packaging market's growth globally. Key players are favoring product launch as the growth strategy for building their business.
For instance, in 2020, Libo Cosmetics announced the arrival of environmentally friendly packaging. Libo developed PCR-PET(post-consumer recycled PET) series with a wide range of options, compact, lipsticks and lip gloss.
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