Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 63.54 Million | USD 91.47 Million | 4.65% | 2022 |
The global lipstick-filling machines market size was worth around USD 63.54 million in 2022 and is predicted to grow to around USD 91.47 million by 2030 with a compound annual growth rate (CAGR) of roughly 4.65% between 2023 and 2030.
Lipstick filling machines are an important part of lipstick-producing assembly lines. They allow mass production of lipsticks, which is one of the largest revenue-generating cosmetic items in the global beauty products industry. A key advantage of using an efficient lipstick filling machine when manufacturing lipstick is the product precision achieved in each unit. In simple terms, their main role is to ensure that each lipstick is filled in the container quickly and with minimal human assistance. They are used for the production of lipstick in accordance with the requested shape, size, model, and mold. It is not necessary to use lipstick filling machines in mass production only but also for medium-scale manufacturing.
There are several types of machines with varying prices. Certain machines are equipped with cooling units that help in freezing the lipstick batch post-filling in the same assembly line while some may perform only specific functions. Once the lipstick is filled in the container and frozen, they are conveyed to the fastening unit using an elevator after which the products are sent for final packaging that involves quality control and branding. The global lipstick filling machines market is expected to grow at a steady pace during the projection period.
Changing consumer expectations from cosmetic companies to drive market growth
The global lipstick filling machines market is expected to grow owing to the rise of a discerning set of consumers which is growing rapidly. Buyers of products and services have become stricter with their expectations from companies especially in the cosmetic industry. Some of the makeup or skincare products available in the market are extremely expensive and consumers expect appropriate performance as it should justify the associated cost. Several cosmetic companies in the past few years have shut down production as they did not receive the expected reactions from the final buyers.
For instance, in January 2023, Forma Brands, the parent company of Morphe, a highly popular make-up brand, filed for Chapter 11 bankruptcy. With this move, the company will be given USD 33 million in financing after the investors acquire all of the company’s assets. A recent report by Northwestern Now claimed that cosmetic complaints were on the rise. This pattern indicates that consumers are more aware of their desires and it has led to companies ensuring that consumer expectations are met.
Lipstick filling machines are crucial to maintaining product consistency and quality. Since modern machines are mostly automated, there is little to no room for human error. The machines are filled with the liquid mixture and depending on the values set in the control system including speed, accuracy, and volume, the machine continues to fill the liquid paste in the container with the highest precision.
High cost of the machines to restrict market expansion
Lipstick filling machines are expensive. This is especially applicable to semi-automatic or fully automatic machines. The former may cost more than USD 10,000 on average while the latter is around USD 100,000. This can limit the number of adopters in the global market as newer entrants or smaller companies may not have the budget to spend on multiple machines at once. The market size for lipstick filling machines may benefit from the availability of more affordable machines.
Growing innovation in terms of machine capabilities to create future possibilities
With the growing demand in the cosmetic and pharmaceutical industry, the global lipstick filling machine market players are working on improving machine functions. The launch of new machines with enhanced capabilities is an indication of the same trend. In 2021, Marchesini Group announced the acquisition of Cosmatic. It is a company specializing in the production of lipstick-related technologies. After the acquisition, in June 2021, the brand launched the LB 3000, a new machine to be used for filling lip balms, and has a dosing table at 864 positions.
Manufacturing multipurpose filling machines is an excellent opportunity to create a niche
Since lipstick filling machines are expensive and considered a one-time investment, manufacturing systems that can be used for purposes similar to lipstick-filling may improve product cost-efficiency and extract more consumers. Several companies are currently under research to optimize the capabilities of filling machines and are expected to generate a higher set of revenue.
Longer replacement cycle of machines to challenge market expansion
Lipstick filling machines have longer replacement cycles which means that machines once sold run for multiple years at once before being replaced completely. On average, most filling machines run for 5 to 10 years if they are properly maintained. This is a major challenge for the lipstick filling machines industry players as they have to make strategic decisions to ensure survival in the long run.
The global lipstick filling machines market is segmented based on application, type, component, technology, and region.
Based on application, the global market segments are cosmetics industry, pharmaceutical industry, and others. The highest growth was observed in the cosmetics industry in 2022 as a result of increased cosmetic buyers and sellers in the last few years. Factors such growing population, increased use of quality make-up products in the entertainment industry, and innovative marketing techniques adopted by market players have been essential to the segmental growth. Lipstick manufacturers are experimenting with new shades and lines of lipstick to target a more dynamic audience with unconventional choices which is further propelling demand for the associated filling machines. For instance, M.A.C, a leading cosmetics brand, has more than 200 shades of liquid.
Based on type, the lipstick filling machines industry is segmented into isobaric filling machines, negative pressure filling machines, normal pressure filling machines, and others.
Based on component, the global market segments are nozzles, frames, containers, and others.
Based on technology, the lipstick filling machines industry is divided into automatic, semi-automatic, and manual. The industry players can expect higher demand for automatic and semi-automatic technology due to their performance efficiency. Moreover, they are highly effective equipment that can reduce production time with large margins, especially during mass production. The increased research and innovation observed in both variants can create new consumer sets further adding to the segmental dominance. Manual machines have a smaller market however it is still considerable as several companies with limited budgets prefer manual machines. The Weckerle's MM machine series, a highly coveted product in the market, produces nearly 1000 pieces per hour.
Report Attributes | Report Details |
---|---|
Report Name | Lipstick Filling Machines Market |
Market Size in 2022 | USD 63.54 Million |
Market Forecast in 2030 | USD 91.47 Million |
Growth Rate | CAGR of 4.65% |
Number of Pages | 209 |
Key Companies Covered | Ri.Way Enterprise Company, Wenzhou Zhonghuan Packaging Machinery Company, Coesia, Cosmetic Machinery, Shanghai DE Xuan Electromechanical, Lishui ZhongLi Packaging Machinery Company, Tecnicoll, Qztybz., and others. |
Segments Covered | By Application, By Type, By Component, By Technology, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific to witness the highest growth during the forecast period
The global lipstick filling machines market is expected to be led by Asia-Pacific during the forecast period due to the presence of an extensive manufacturing sector in regions such as India, China, South Korea, and other nations. These nations are rich in terms of large assembly lines as well as skilled labor essential to production. In addition to this, there has been a rapid growth in the number of end-consumers in Asian countries due to the rise of the middle-income group and the emergence of a large number of companies in the regional cosmetic industry.
South Korean make-up and skincare brands have become internationally famous in a relatively short period. In March 2023, China recorded a significant jump in the sale of cosmetics and beauty products as compared to 2022 as international make-up industry giants invested in China’s market. Moreover, the high sales value recorded through online sales channels and e-commerce platforms has turned around buying patterns in Asian countries. Nykaa, a leading Indian website selling cosmetic and personal care products, generated over INR 32.1 billion in 2022 as per official reports.
The global lipstick filling machines market is led by players like:
By Application
By Type
By Component
By Technology
FrequentlyAsked Questions
Lipstick filling machines are an important part of lipstick-producing assembly lines. They allow mass production of lipsticks, which is one of the largest revenue-generating cosmetic items in the global beauty products industry.
The global lipstick filling machines market is expected to grow owing to the rise of a discerning set of consumers which is growing rapidly.
According to study, the global lipstick filling machines market size was worth around USD 63.54 million in 2022 and is predicted to grow to around USD 91.47 million by 2030.
The CAGR value of the lipstick filling machines market is expected to be around 4.65% during 2023-2030.
The global lipstick filling machines market is expected to be led by Asia-Pacific during the forecast period due to the presence of an extensive manufacturing sector in regions such as India, China, South Korea, and other nations.
The global lipstick filling machines market is led by players like Ri.Way Enterprise Company, Wenzhou Zhonghuan Packaging Machinery Company, Coesia, Cosmetic Machinery, Shanghai DE Xuan Electromechanical, Lishui ZhongLi Packaging Machinery Company, Tecnicoll, and Qztybz.
The report explores crucial aspects of the lipstick filling machines market including a detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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