Lip Care Products Packaging Market, By Pack Material (Plastics, Glass, Metal, Paper & Cardboard, and Others), By Packaging Type (Tubes, Sticks, Jars, Pots, Roll-on, and Others), By Application (Sun Protection, Non-Medicated, Medicated & Therapeutic, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Feb 2025

Code : CMI1042

Pages :169

Formats :

Excel and PDF

Industry : Packaging

Market Challenge - Volatility in raw material prices

The lip care products packaging market has been facing significant volatility in prices of key raw materials used for manufacturing packaging products such as plastic, glass, and metal. Likewise, prices of glass and metal packaging have also surged. For example, according to the Investopedia data reported in 2022, between 2020 and 2021 alone, crude oil prices rose from around USD 40 per barrel to over USD 85 before easing again. Such volatility in crude oil prices directly impacts plastic resin and additive manufacturers who pass on higher costs to converters and brand owners.

Market Opportunity - Development of eco-friendly and sustainable packaging

The growing awareness about environmental protection and sustainability across the globe presents a major opportunity for this market players. According to a 2021 report by the United Nations Environment Programme, nearly 13 million tons of plastic waste leaks into the world's oceans annually. Lip balm and lip gloss tubes, pots and caps currently compose a sizable portion of this plastic pollution as most products still utilize single-use plastic in their packaging.