A recent market intelligence report that is published by Data Insights Partner on the global Lip Care Products Packaging Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Lip Care Products Packaging Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Lip Care Products Packaging Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Lip Care Products Packaging Market is offered. In accordance with the report, the global Lip Care Products Packaging Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints, Opportunity & Trends of the Market:
The prime cause driving the need for lip care products is to protect and nourish the lips from harmful UV rays, dusts, wind and colds. Lip care products comprises of camphor, beeswax, paraffin, sunscreens, fragrances, dyes and a variety of other ingredients. Whilst lip care products are used for securing good lips, lip care packaging products are utilized to ensure shielding and safeguarding of lip care products in the shipment process. Materials like plastic, glass, paperboard and metal are used in the manufacturing of lip care packaging products.
Rising health consciousness among the consumers to protect and improve human functioning and do away with the negative impacts of a stressful life is driving this market. Further, the Covid-19 pandemic situation has expanded the scope of personal care and provided impetus to this market.
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The importance attached to grooming and securing alluring visual look is fueling the growth of this market. The need to ensure a presentable look is gaining momentum not only among the youth but also among every age group. The requisite outlook among the employees both men and women of corporate world is charging up this market.
The recent emergence of lip care products that are of organic and natural origin is gaining momentum among the millennials which is propelling the growth of this market.
Packaging plays a pivotal role in the securing significant consumer base and market share. Innovative packaging solutions not only safeguards the lip care products but also provides necessary information with regard to the products. Aesthetic pleasure pushes up the demand for certain segments of the product for sales. Cosmetic companies pay equal importance to the product quality and to its packaging.
Rapid urbanization and the increment in the disposable income of the consumers especially in the developing and less-developed nations is positively and indirectly escalating the demand for lip care packaging products.
Chemicals including parabens, petrolatum, cadmium chromium, lead and many more are used in the production of lip care products. These are averse to human health. Consumer awareness with regard to such harmful consequences is hindering the demand for lip care products and thus lip care packaging products.
The plastic tubes that are used in the production of lip care packages are fragile and cannot withstand physical pressure. These low-density plastic packages are prone to breaking when confronted to repeated use which is straining the growth of this market.
Although, Covid-19 pandemic has upsurged the need for personal care but the fall in disposable income of many consumers is negatively affecting the demand for luxuries and the lip care product package market.
The skyrocketing demand for wellness and self-care coupled with the inclination of the consumers towards grooming is expected to boost the lip care products packaging market.
Research and development aimed towards the introduction of innovative packaging and the continuously evolving package system for lip care products of different seasonal launch is expected to provide lucrative opportunity to this market.
Europe dominates the market for lip care packaging products. North America is expected to witness significant growth in this market owing to the presence of some of the leading cosmetics brand in this region and the high standard of living of the population of this region. Asia Pacific is projected to witness significant growth in this market in the forecast period. Such progress is attributable to presence of regional and international cosmetic and personal care brand, rising disposable income of the population and increase in their affordability, rapid urbanization and its positive impact on the changing lifestyles. The Middle East and Asia Pacific region is estimated to witness significant growth in the forecast because by cause of governmental regulations that are indirectly supporting this market and the improvement in economic labor rates.
This market intelligence report on the global Lip Care Products Packaging Market encompasses market segments based on packaging type, material type, application and country.
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By Packaging Type the global Lip Care Products Packaging Market has been divided into:
q Lip Care Tins
q Lip Care Jars
q Lip Care Tubes
q Lip Care Bottles
By Material Type the global Lip Care Products Packaging Market has been divided into:
q Paper Board
By Application the global Lip Care Products Packaging Market has been divided into:
By country/region, the global Lip Care Products Packaging Market has been divided into:
q North America (the U.S., Canada),
q Latin America (Brazil, Mexico, Argentina and other countries),
q Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:
q Quadpack Group
q Amcor Ltd
q The Packaging Company
q IMS Ningbo Limited
q Eastar Cosmetics Packaging
q Arminak & Associates LLC
q HCP Packaging Co. Ltd
q Pack Tech A/S
q Rexam Plc
q ABC Packaging
others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Lip Care Products Packaging Market related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter's five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Few Recent Developments
In August 2020, Quadpack group innovated packages for fragrance, skincare and make up by combining facilities like customization, cleanliness and sustainability. Straight bottom filling duo stick was created in case of cheeks and lip products.
In August 2018, Bemis was acquired by Amcor in all-stock combination. The primary aim of such acquisition was to emerge as an international leader in the consumer packaging market.
Ø This study offers comprehensive yet detailed analysis of the Lip Care Products Packaging Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Lip Care Products Packaging Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of Type of models, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Lip Care Products Packaging caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Lip Care Products Packaging Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Lip Care Products Packaging Market
v Identification of key factors driving investment opportunities in the Lip Care Products Packaging Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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