[250 Pages Report] The global lip gloss tube market is projected to reach nearly USD 2 Billion by 2022, registering growth at a CAGR of ~4.5% to 5.5% during the forecast period (2022 to 2032). By 2032, the overall sales of lip gloss tube are estimated to reach USD 3.5 Billion owing to the growing demand for lip care products across the globe.
| Report Attribute | Details |
|---|---|
| Lip Gloss Tube Market Expected Market Value (2022) | ~USD 2 Billion |
| Lip Gloss Tube Market Anticipated Forecast Value (2032) | ~USD 3.5 Billion |
| Lip Gloss Tube Market Projected Growth Rate (2022 to 2032) | ~4.5% to 5.5% CAGR |
Lip gloss is a thick liquid or soft solid product that is generally applied to get a glossy, lush, and subtle color-like appearance for the lips. Growth in the market is driven by growing awareness regarding the importance of physical appearance.
Besides this, key companies are developing protective, innovative, and convenient packaging for safe storage and transport of the cosmetic products. This is likely to boost the lip gloss tube market in the forthcoming years.
Moreover, creative advertisements and endorsements of lip care products by celebrities and social media influencers are driving the sales of lip gloss tubes. This is anticipated to create lucrative prospects for the market.
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Increasing demand for appealing and easy-to-use squeezable tubes is encouraging the manufacturers to develop innovative packaging solutions. This is one of the key factors propelling the demand in the market.
Additionally, rising awareness regarding the side effects of lip augmentation is spurring the demand for various types of lip care products such as lip gloss, lip sticks, and lip balms. This is anticipated to boost the growth in the lip gloss tube market.
Further, key manufacturers are developing matte varnish and glitter coatings lip gloss to enhance their shelf visibility. Also, the use of laminated tubes owing to its oxygen and moisture blocking capacity is estimated to surge the demand for lip gloss tube in the market.
High cost of the raw materials used in the manufacturing of lip gloss tubes might impede the growth in the lip gloss tube market, finds Future Market Insights (FMI). In addition to this, the rising need to reduce packaging waste during the manufacturing will further limit the sales in the market.
Besides this, demand for eco-friendly packaging solutions is projected to increase, reducing the application of single-use plastics. Such variations in the packaging is likely to hamper the demand in the coming years.
Apart from this, use of toxic substances such as oxybenzone, parabens, menthol phenol, and salicylic acid in the lip gloss are restricting the sales of lip gloss. This is projected to inhibit the growth in the lip gloss tube market.
According to Future Market Insights (FMI), growing consciousness regarding physical appearance is increasing the use of personal care and cosmetic products. This is predicted to increase the adoption of lip care products such as lip gloss across India, Malaysia, Singapore, and China.
Moreover, penetration of social media platform have provided an innovative way for key players to invest in advertisements and endorsements. This is expected to propel the demand for lip gloss.
As per FMI, North America is estimated to dominate the market during the forecast period owing to the increasing demand for cosmetic products, especially lip gloss, among the women in the USA
Also, to increase their revenue, key players are developing attractive packaging for lip care products and are also adopting strategies such as mergers and acquisitions. This is projected to spur the demand for lip gloss tubes in the forthcoming years. For instance, in 2018, Quadpack acquired a global supplier of beauty packaging named East Hill Industries.
This acquisition was completed in 2021 and Quadpack Americas LLC was established. Thus, growing presence of top players such as Berlin Packaging LLC and Quadpack Americas LLC in the region is expected to create prolific growth opportunities in the market.
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As per FMI, North America is estimated to dominate the market during the forecast period owing to the increasing demand for cosmetic products, especially lip gloss, among the women in the USA
Also, to increase their revenue, key players are developing attractive packaging for lip care products and are also adopting strategies such as mergers and acquisitions. This is projected to spur the demand for lip gloss tubes in the forthcoming years. For instance, in 2018, Quadpack acquired a global supplier of beauty packaging named East Hill Industries.
This acquisition was completed in 2021 and Quadpack Americas LLC was established. Thus, growing presence of top players such as Berlin Packaging LLC and Quadpack Americas LLC in the region is expected to create prolific growth opportunities in the market.
Some of the key players profiled in the global lip gloss tube market include SKS Bottle & Packaging Inc., I. TA Plastics Tube Co. Ltd., Berlin Packaging LLC, The Packaging Company, Suzhou Valcon Tube Co. Ltd., World Wide Packaging LLC, Raepak Ltd., HCP Packaging, and Libo Cosmetics Company Ltd., among others.
Key manufacturers are currently developing innovative packaging solutions to reduce carbon emission and increase the shelf life of the products. Such initiatives are likely to aid the companies to strengthen their position in the market.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR ~4.5% to 5.5% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Product Type, Material, Capacity, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | SKS Bottle & Packaging Inc.; I. TA Plastics Tube Co. Ltd.; Berlin Packaging LLC; The Packaging Company; Suzhou Valcon Tube Co. Ltd.; World Wide Packaging LLC; Raepak Ltd.; HCP Packaging; Libo Cosmetics Company Ltd. |
| Customization | Available Upon Request |
The global lip gloss tube market is anticipated to reach a market revenue of nearly USD 2 Billion in 2022.
North America is anticipated to dominate the global lip gloss tube market owing to the increasing demand for lip care products in the U.S.
The global lip gloss tube market is estimated to reach a valuation of nearly USD 3.5 Billion by 2032.
| Market Value (2022) | USD 558.1 Million |
|---|---|
| Market Value (2032) | USD 900.2 Million |
| Market CAGR (2022 to 2032) | 4.9% |
| Estimated Size, 2021 | USD 3.3 billion |
|---|---|
| Projected Size, 2031 | USD 5.7 billion |
| Value-based CAGR (2021 to 2031) | 5.5% |
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Lip Gloss Tube Market
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