Lip Gloss Tube Market 2022 | Industry Outlook, Size, Share and Growth Analysis

According to Precision Business Insights (PBI), the latest report, the lip gloss tube market is expected to be valued at USD 2,476.3 million in 2022, growing at a 4.8% CAGR from 2022 to 2028. The primary driver of the expansion of the global lip gloss tube market is the increasing preference for a variety of cosmetic products, and the growing popularity of social media platforms.

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Squeeze Tubes Segment to Dominate the Lip Gloss Tube Market:
On the basis of product type, the squeeze tube segment is expected to account for a larger revenue share in the global lip gloss tube market, with a value share worldwide owing to increasing demand for looking attractive and easy to use. Furthermore, with continuous innovative development in squeeze tubes, lip gloss products will surely draw customers across the globe.

North America Lip Gloss Tube Market:
North America is projected to dominate the market over the forecast period owing to the increasing demand for cosmetic items, especially lip gloss, among the women in this region. Additionally, key players are developing attractive packaging for lip care products and are also adopting strategies such as mergers and acquisitions which will undoubtedly expand the lip gloss tube market in North America. The Asia Pacific is witnessed to have a progressive growth rate owing to rising consciousness about physical appearance, which in turn increases the demand for personal care and cosmetic products mainly in populous countries of this region.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Lip Gloss Tube market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

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The lip gloss tube market is segmented based on product type, material, capacity, and geography.
Based on the product type, the market is segmented into the following:
• Squeeze tubes
• Twist Tubes
• Rigid Tubes
• Others

Based on the material, the market is segmented into the following:
• Polypropylene (PP)
• Polyethylene (PE)
• Polyethylene terephthalate (PET)
• Low-density Polyethylene (LDPE)
• Medium-density Polyethylene (MDPE)
• High-density Polyethylene (HDPE)

Based on the capacity, the market is segmented into the following:
• Up to 5 ml
• 5-10 ml
• 10-15 ml
• Above 15 ml

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the lip gloss tube market report are Berlin Packaging LLC, SKS Bottle & Packaging Inc., I. TA Plastics Tube Co. Ltd., Suzhou Valcon Tube Co. Ltd., Libo Cosmetics Company Ltd., The Packaging Company, World Wide Packaging LLC, Raepak Ltd., and HCP Packaging.

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This release was published on openPR.