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Lip Care Products Packaging market Major Factors That Can Increase The Worldwide Demand | Pack Tech A/S, HCP Packaging CO. Ltd.
Lip Care Products Packaging market
The lip care products packaging market is backed by increasing importance of presentable appearance and grooming among the people, which is establishing opportunities for the cosmetics industry, in turn fueling the growth of lip care products packaging market over the forecast period. However, chemicals used for producing lip care products including lip stick, lip gloss, lip balm, and other products, hinders the growth of global lip care packaging market.
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Detailed Segmentation:
Global Lip Care Products Packaging Market, By Packaging Type:
Glass Packaging
Plastic Packaging
Metal Packaging
Others
Global Lip Care Products Packaging Market, By Application Type:
Sun Protection
Non-Medicated
Medicated and Therapeutic
Global Lip Care Products Packaging Market, By Material Type:
Plastic
Polyethylene (PE)
Poly Ethylene Terephthalate (PET)
Polyvinyl Chloride (PVC)
Others
Based on material type, the plastic material segment was the leading market for lip care products packaging in 2016 and is expected to maintain its lead during the forecast period. Polyethylene (PE), Poly Ethylene Terephthalate (PET), and Polyvinyl Chloride (PVC) are some of the major materials used in production of plastic packaging for lip care products. However, there is also growing demand for metal packaging in lip care packaging, due to growing demand for premium products. The commonly used materials used in manufacturing metal packaging for lip care products are aluminum and steel.
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In terms of revenue, Asia Pacific dominated the lip care products packaging market in 2016 with a market share of 33.90%. It is also anticipated to have the fastest growth with a CAGR of 5.14% over the forecast period. Factors such as increased affordability, availability of variety of lip care products, and growing presence of local and international brands backed by rapidly growing population have driven the growth of lip care products packaging market in this region.
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