PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608703
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608703
Lip care products packaging market is estimated to be valued at USD 1.43 Bn in 2024 and is expected to reach USD 2.18 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | 1.43 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 6.20% | 2031 Value Projection: | 2.18 Bn |
Global lip care products packaging market has been gaining significant traction in the recent years due to growing consciousness about self-care and personal grooming among consumers. Lip care products such as lip balms and lip gloss help moisturize and protect lips from drying and chapping.
Lip care products packaging market growth is driven by rising demand for multifunctional and moisturizing lip care items. Growing aging population demanding anti-aging lip treatments also boosts the market growth. However, stringent regulations regarding plastic waste disposal may hinder market expansion. Increasing e-commerce sales of lip care products through online retail platforms open new avenues. Moreover, manufacturers focusing on premium and sustainable packaging solutions by using recycled materials to gain competitive edge provides lucrative opportunities in the market. Moreover, innovative and attractive packaging plays a crucial role in promoting these products on shelf of stores and attracting consumer attention. Manufacturers are coming up with innovative designs, formulas, and packaging styles to make lip care appealing. Sustainable and eco-friendly materials are increasingly being utilized in packaging to boost sales and brand image.
Key Features of the Study
This report provides in-depth analysis of the global lip care products packaging market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global lip care products packaging market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Pack Tech A/S, HCP Packaging CO. Ltd., Arminak & Associates LLC, Eastar Cosmetics Packaging, IMS Ningbo Limited, and The Packaging Company
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global lip care products packaging market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global lip care products packaging market