The global lip care products packaging market revenue is expected to expand at a moderate CAGR over the forecast period. Lip care products such as lips nourishing balms, gloss, etc. applied to lips to moisturize and relieve chapped lips, stomatitis, angular cheilitis, or cold sores. Packaging of these products is essential to protect them from getting damaged and for prolonging its shelf life. Increasing demand for organic and natural lip care products is a key factor expected to drive growth of the global market over the forecast period.
The global lip care products packaging market report has been segmented on the basis of material type, application, packaging type, and region. On the basis of material type, the target market is segmented into metal, paperboard, glass, and plastic. The plastic material type segment is expected to account for highest share in the target market over the forecast period, owing to factors such as easy availability and cost-effectiveness.
On the basis of application, the target market is segmented into brushes and roll-ons. On the basis of packaging type, the target market is segmented into lip care tins, lip care jars, lip care tubes, and lip care bottles.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Europe is estimated to account for highest share in terms of revenue over the forecast period, owing to technological advancements in packaging industry and increasing consumer preference towards online shopping instead of traditional shopping channels. The market in Asia Pacific is expected to register highest CAGR in terms of revenue, owing to growing cosmetic industry and availability of variety of lip care products in various countries in the region.
Key players operating in the global lip care products packaging market include Pack Tech A/S, HCP Packaging (Shanghai) Co. Ltd., Arminak & Associates, LLC, ims Packaging Limited, The Packaging Group, Inc., and Eastar Cosmetic Packaging.