Industry Background:
The introduction of eco-friendly and sustainable packaging and the increasing demand for cosmetics due to the growing youth population is anticipated to drive the market in the forecast period will help to boost the global Lipstick Packaging market. Lipstick Packaging refers to cosmetic containers or tubs for the packaging of lipstick products. Materials used for Lipstick Packaging are mainly Aluminum and various kind of plastic materials. Other materials like bamboo, paper, Platinum and silver, thick wall glass are also but very less used.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Albéa (France), ILEOS (France), HCP (United States), World Wide Packaging (United States), LIBO Cosmetics (United States), Baoyu Plastic (United States), RPC GROUP (United Kingdom), The Packaging Company (TPC), COLLCAP PACKAGING LIMITED (United Kingdom) and GCC Packaging (Taiwan) |
According to AMA, the market for Lipstick Packaging is expected to register a CAGR of 5.8% during the forecast period to 2030. This growth is primarily driven by Rising Demand due to High Growth of Cosmetic Industry and Growing Demand due to Innovative Package designs.
Globally, a noticeable market trend is evident High Adoption due to Innovative Packaging Products
The Consumer Goods sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Albéa (France), ILEOS (France), HCP (United States), World Wide Packaging (United States), LIBO Cosmetics (United States), Baoyu Plastic (United States), RPC GROUP (United Kingdom), The Packaging Company (TPC), COLLCAP PACKAGING LIMITED (United Kingdom) and GCC Packaging (Taiwan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The cosmetic packaging market is highly competitive. Increasing new entrants in the cosmetic industry have led to a rise in innovation in products and packaging in order to gain a competitive advantage. Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Key Developments in the Market:
In January 2024, Eastman and Axilone teamed up to design recyclable and refillable lipstick packaging, moving beyond ABS to create a product compatible with the PET recycling stream.
In December 2023, Quadpack launched a range of monomaterial lipsticks made of recyclable materials. The products are designed to support different types of formulas and can be adapted to suit any brand identity using various decoration techniques and finishes.
Influencing Trend:
High Adoption due to Innovative Packaging Products and The Increasing Demand due to Changing Style of Packaging
Market Growth Drivers:
Rising Demand due to High Growth of Cosmetic Industry and Growing Demand due to Innovative Package designs
Challenges:
Competition from Major Players
Restraints:
Stringent Government Regulation Regarding Packaging Material
Opportunities:
The emerging economies such as China and Japan are providing a huge opportunity for the growth of the cosmetic industry due to increasing disposable income and changing lifestyles.
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Lipstick Packaging Market
- Analysis about New Entrants in Lipstick Packaging Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Lipstick Packaging Study Sheds Light on
The Lipstick Packaging Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Lipstick Packaging industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Lipstick Packaging industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.