LIP CARE PRODUCTS PACKAGING MARKET ANALYSIS

Lip Care Products Packaging MarketSize and Trends

Global lip care products packaging market was valued at US$ 1269.47 Million in 2021 in terms of revenue, exhibiting a CAGR of 5.99 % during the forecast period (2022 to 2030).

Market Trends

The rising popularity of organic skin care products is influencing the high consumer preference for organic lip care products. Consumers are preferring lip care products having natural, organic, and clean-label ingredients, in comparison to synthetic and hazardous chemical-containing products. The changing lifestyle and increased smoking among modern individuals are driving the demand for organic lip care products. Consumers are preferring these products to nourish and repair their pale and darker lips caused due to smoking and various other reasons. This has led the major players in the market to formulate products with natural ingredients, along with mentioning their ethical and sustainable sourcing. Alongside, consumers are becoming more and more environment-friendly. Moreover, the preference for artisanal sustainable packaging, along with natural products is growing in the market. For instance, in July 2022, Last Forest introduced its range of new beeswax lip balm in India. The lip balms are prepared from 100% organic beeswax and available in different flavors like mint, chocolate, and strawberry. The product is made available in glass jars and comes in artisanal cardboard gift packaging.

Figure 2. Global Lip Care Products Packaging Market value Share (%), By Packaging Type, 2021