Lip Care Products Packaging Market

Global Lip Care Products Packaging Market Material
Type and by Geography - Trends, and Forecast to
2025
Lip care products offer protection and nourishment to the lips against dust, harmful
sun rays, and drying effects caused due to wind and cold. These products are
composed of paraffin, beeswax, camphor, flavors, sunscreens, dyes, fragrances,
and variety of other ingredients. Increasing demand in multi-functional, organic lip
care products backed by rise in health concerns have boosted the usage of lip care
products, in turn fueling the growth of global lip care products packaging market.
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The lip care products packaging market is backed by increasing importance of
presentable appearance and grooming among the people, which is establishing
opportunities for the cosmetics industry, in turn fueling the growth of lip care products
packaging market over the forecast period. However, chemicals used for producing
lip care products including lip stick, lip gloss, lip balm, and other products, hinders
the growth of global lip care packaging market. Chemicals such as lead, cadmium
chromium, petrolatum, parabens, and other chemicals that are harmful to human
health can significantly hamper the growth of lip care products market. In 2010, the
U.S. Food and Drug Administration (FDA), reported use of lead in around 400
lipsticks and has restricted the use of more than 10 ppm lead in lip products.
By packaging type, plastic packaging has dominated the lip care packaging market
in 2016 with a market share of 45.12% and is expected to continue its dominance
over the forecast period. Plastic packaging is widely used in lip care product
packaging market, owing to its inexpensive nature and easy availability. Innovations
in the plastic packaging for lip care products have further gained consumer traction.
For instance, in 2016, Eco Lips Company launched an organic lip balm in refillable
packaging made of recycled plastic named POGO.
By application type, the non-medicated lip care product accounted for more than
around 60% of the market share in global lip care products packaging market in
2016. The demand for inexpensive and appealing lip care products have driven the
non-medicated segment. Major consumption of the personal care and cosmetics
products is witnessed in the younger population and thereby the use of lip products
of numerous brands and ranges, which are non-medicated, is highly concentrated
among young people. According to Palo Alto Medical Foundation (PAMF), in 2013,
on an average teenagers used around 15-25 cosmetics per day.
Based on material type, the plastic material segment was the leading market for lip
care products packaging in 2016 and is expected to maintain its lead during the
forecast period. Polyethylene (PE), Poly Ethylene Terephthalate (PET), and
Polyvinyl Chloride (PVC) are some of the major materials used in production of
plastic packaging for lip care products. However, there is also growing demand for
metal packaging in lip care packaging, due to growing demand for premium
products. The commonly used materials used in manufacturing metal packaging for
lip care products are aluminum and steel.
In terms of revenue, Asia Pacific dominated the lip care products packaging market
in 2016 with a market share of 33.90%. It is also anticipated to have the fastest
growth with a CAGR of 5.14% over the forecast period. Factors such as increased
affordability, availability of variety of lip care products, and growing presence of local
and international brands backed by rapidly growing population have driven the
growth of lip care products packaging market in this region. According to National
Bureau of Statistics China (NBSC), more than half of the Indian population dwells in
the urban economies, which is anticipated to increase up to 60% by 2030.
Furthermore, according to United Nations, Department of Economics and Social
Affairs (UN DESA), Asian economies such as China and India accounted for the
highest growth in urban population, in 2013. Hence, the rapidly growing urban
population is playing a pivotal role in the growth of the cosmetic industry, which is
expected to have a positive impact on the growth of the packaging industry as well.
For instance, India is anticipated to add 404 million urban dwellers and China around
292 million by 2050.
The major players operating in the global lip care products packaging market include
Pack Tech A/S, HCP Packaging CO. Ltd., Arminak & Associates LLC, Eastar
Cosmetics Packaging, IMS Ningbo Limited, and The Packaging Company.
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The lip care products packaging market is expected to register a CAGR of 4.72% over the forecast period (2018 - 2025) to reach US$ 1452.7 Million by 2025.

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