The global market's demand for lip care products closely relates to the market value of packaging for lip care products. To attract more customers, manufacturers of lip care products are continually searching for the newest and most effective packaging techniques to provide to the market. Several innovative products that appeal to consumers' aesthetic sensibilities and increase sales have entered the lip care packaging industry. Also, by luring new clients and brand owners, incorporating customization choices and bio-material packaging has established a new segment in the lip care packaging market.
Data Bridge Market Research shows that the North America Lip Care Packaging Market accounted for USD 1,230.78 million in 2022 and is expected to reach USD 1,991.48 million by 2030. The market is expected to grow with a CAGR of 6.20% from 2023 to 2030.
"Increasing inclination towards personal grooming and the rising importance of presentable appearances are expected to drive the market growth"
In the past few years, cosmetics and personal care have been considered great luxuries; today, they are considered an essential component of our way of life. Also, personal grooming is becoming increasingly common among young people and catching on across all age groups. Everyone enjoys taking care of themselves, whether they are children or adults. The cosmetics sector is anticipated to grow faster due to the rising self-care trend, and the major companies are using diverse product packaging strategies to reach a wider audience. The forms and usefulness of packaging are evolving in response to the growing demand for cosmetic products. Key players introduce lip-care packaging with friendly end compartments as a new phenomenon due to increased public awareness. All these factors drive the market growth.
What restraints the growth of the Lip Care Packaging market?
"Increasing usage of chemicals hamper the market growth"
Lip care products have several downsides in addition to their many advantages and rising popularity. The growing usage of chemicals in manufacturing lip care products such as lip balm, lip gloss, and other products is one of the biggest drawbacks. Many important players use substances that could harm human health, including lead, petrolatum, cadmium, chromium, and parabens.
Segmentation: North America Lip Care Packaging Market
The lip care packaging market is segmented on the basis of container type, material, product, shape, application, distribution channel, and end user.
- On the basis container type, the market is segmented into tubes, sticks, jars and pots, roll on containers, tins, others.
- On the basis of material, the market is segmented into plastic, metal, glass, others.
- On the basis of product, the market is segmented into lip balm, lip serum, lipsticks, lip liner, lip scrub, lip brush, others.
- On the basis of shape, the market is segmented into rectangular, square, cylindrical, oval, circle, others.
- On the basis of application, the market is segmented into non-medicated, sun protection, medicated and therapeutic.
- On the basis of distribution channel, the market is segmented into b2b/direct sales, e-commerce, specialty stores, convenience stores and others.
- On the basis of end user, the market is segmented into women, men and children.
Regional Insights: U.S. is expected to dominate the lip care packaging market
The U.S. is expected to dominate the market and is expected to grow significantly because of the large usage of packaging solutions in the cosmetics industry in this region. Moreover, the growing demand for lip care goods among consumers, including lip balm, lipsticks, lip gloss, and others will further boost the market growth in this region.
Recent Developments: North America Lip Care Packaging Market
- In 2020, Cohero Health, Inc. and all of its operating assets were bought by AptarGroup, Inc. The working assets of AptarGroup, Inc. will increase as a result. AptarGroup, Inc.'s sales and revenue will improve due to the transaction.
- In 2020, the adoption of eco-friendly packaging was announced by Libo Cosmetics. Libo developed the Post-Consumer Recycled PET (PCR-PET) line with a range of substitutes, including compacts, lipsticks, and lip gloss.
To know more about the study, visit https://www.databridgemarketresearch.com/reports/north-america-lip-care-packaging-market
The Prominent Key Players Operating in the Lip Care Packaging Market Include:
- HCP Packaging (China)
- The Packaging Company (U.S.)
- Berlin Packaging (U.S.)
- The Packaging Company (U.S.)
- AptarGroup, Inc. (U.S.)
- Nice Packaging USA (U.S.)
- IntraPac International LLC (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of lip care packaging market companies, contact: https://www.databridgemarketresearch.com/contact
Research Methodology: North America Lip Care Packaging Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
