Lip Gloss Tubes Market Scope
Packaging plays a vital role in the branding of the products. The looks of the cosmetic product are one of the most important determinants of its market appeal after its quality. A lip gloss tube is a tube that is designed to be passed over lips or applied with a figure or lip brush. This may be made up of plastic, aluminum, or glass. This is a part of packaging the cosmetic product. The Lip gloss tube market is expected to grow owing to the rise in awareness and change in the lifestyle of the consumer to use lip gloss.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | SKS Bottle & Packaging, Inc. (United States), Libo Cosmetics Company, Ltd. (China), East Hill Industries, LLC (United States), The Packaging Company (United States), Raepak Ltd. (United Kingdom), Berlin Packaging LLC (United States), HCP Packaging (United States) and World Wide Packaging, LLC (United States) |
CAGR | % |
The lip gloss tubes market contains many players as competitors. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new regions through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Lip Gloss Tubes market throughout the predicted period.
SKS Bottle & Packaging, Inc. (United States), Libo Cosmetics Company, Ltd. (China), East Hill Industries, LLC (United States), The Packaging Company (United States), Raepak Ltd. (United Kingdom), Berlin Packaging LLC (United States), HCP Packaging (United States) and World Wide Packaging, LLC (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Suzhou valcon Tube Co., Ltd (China) and I.TA Plastics Tube Co., Ltd. (Taiwan).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Lip Gloss Tubes market by Type and Region with country level break-up.
On the basis of geography, the market of Lip Gloss Tubes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Ukraine, Norway, Russia, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In July 2023, HCP Packaging, a leading manufacturer of rigid plastic packaging, announced the acquisition of Albéa, a global leader in beauty and personal care packaging. This acquisition creates a combined company with a strong presence in the beauty market and a broad portfolio of packaging solutions.
In December 2023, Amorepacific, a South Korean beauty company, launched new scents of its popular Laneige Lip Sleeping Mask, including Vanilla and Berry. These new scents are designed to appeal to a wider range of consumers.
Cosmetics marketed in the United States, whether manufactured here or imported from abroad, must be in compliance with the provisions of the Federal Food, Drug, and Cosmetic Act (FD&C Act), Fair Packaging and Labeling ActExternal Link Disclaimer (FP&L Act), and the regulations published under the authority of these laws.
Influencing Trend:
Plastic tubes are in Trend As It is Easy to Use, Inexpensive, and Work well for Many Lip Products. and Lip gloss Tube Decorating the Conventional Lip Gloss Tubes With Premium Material and Effects Which include glitter Coating and Matte Varnish Which Makes It More Attractive
Market Growth Drivers:
Growing Demand for Convenient Packaging Format and Easy to Use Product
Challenges:
Concerns Regarding Packaging Waste Are Surfacing, Manufacturers Are Keen To Optimize Their Packaging Solutions
Restraints:
Stringent Government Regulations Related to Cosmetics
Opportunities:
Potential Growth of Lipgloss Tube in Emerging Countries
Key Target Audience
Lip Gloss Tubes Manufacturer, Raw Material Supplier, Regulatory & Government Bodies, Industry Association and Others