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The Global Cosmetic Pencil and Pen Packaging Market were evaluated at US$ XX in 2019 and it is anticipated to exhibit a CAGR of 6.1% to reach the market value of US$ 2.77 BN till 2028.
The cosmetic pencil and pen signify the beauty care products comprising of eyebrow liner, eyebrow pencil, eyebrow pen, and other products. At the beginning of the sixties, the cosmetic packaging was principally in glass flasks and containers.
The high implementation of cosmetic products, the mounting discretionary earnings, and the escalating beauty conscious populace are the most important stimulating constituents for the market
The principal cause accountable for the growth of the market is the inventive packaging solutions accessible in the market. With the intention of sustaining with the growing demand for cosmetic pens and pencils, makers of these commodities, as well as packaging service firms, are strengthening their actions for giving outstanding characteristics on packages and employing efficient packaging elements for guarding wrapping purposes. Besides, the mounting discretionary earnings and a soaring beauty aware populace will propel the market.
In the last few years, technology became an important part in the cosmetic industry. Smart mobile devices and gadgets became indispensable assets. In the beautifiers market, this tech inflation transcribed to hair removal devices, powered cleansers, and lasers for domestic usage. This heightened inflation gave acceleration to the extension of the cosmetics pen and pencil packaging market. The customers began buying beautifiers online and as a result, it became a requirement to give packaging to cosmetic commodities. Instantly, the packaging in cosmetics further commands to the customer wherewith the product necessitates being applied by giving the essential data. Moreover, composing the envelope of the product can captivate the consumers and urge them to purchase the product. Besides, packaging a product has also earned tremendous prevalence as a result of the advantages that are rendered by it in the selling of the product. It is employed for improving brand distinctness, boosted businesses, and decreased brand callback.
The expansion of e-commerce business has also directed the consumers to start electing for convenient cosmetics over time-consuming ones, consequently requiring the necessity for rendering inventive packaging options for such body care products. Besides, the rising e-commerce trades will proceed to arbitrarily mold the direction of the market. Nearly every cosmetic product that is purchased online needs a shielding wrapping that can shield different sorts of facades and object forms. Raised consciousness and approval of strict regulatory ordinances accompanied by the competing advantages have enforced the consumers to extend the usage of environmentally friendly elements for packaging and making to consolidate environmentally friendly goods in the material improvement method.
Nevertheless, the market extension will be limited by the increasing inclination of the customers to environmentally friendly goods, for example, paper, wood, and other bodies. Furthermore, strict production and recycling laws will be a significant obstacle restraining the extension in the global generation of cosmetic pencil & pen packaging products.
Sharpenable wooden pencil subdivision projected to observe a surge in requisition
Depending on the product type segment, the sharpenable wooden pencil subdivision is assessed to be a foremost sponsor to the market during the course of the assessment period. Furthermore, upsurge in the female employed class populace worldwide displays momentous development in Sharpenable Wooden Pencil subdivision.
According to the application segment, the market is divided into sculpting pencil, cheek balm, clean-up pencil, Skin glossing pencil, concealer pencil, lip, and eye. In the application segment, the eye subdivision captured the highest market stake in 2019.
The Asia Pacific region is expected to exhibit the highest growth rate
The Asia Pacific region is forecasted to behold emphatic extension in the global cosmetic pencil & pen market in the course of the evaluation period. The Asia Pacific region is anticipated to be the exceedingly profitable region concerning cosmetic pencil & pen market stake by the end of the evaluation period. The amount of trade carried out in Japan, China, and South Korea for cosmetic products makes the Asia Pacific a pre-eminent market. The large congregation of corporations, as well as the consumers of cosmetic packaging commodities, is one of the principal circumstances that are encouraging the expansion of the market in the Asia Pacific region. Nonetheless, North America and Europe are projected to collectively reckon for a market percentage of approximately 50 percent of the global market.
Key players operating in the global cosmetic pen and pencil market are Alovey Cosmetic Packaging Co.,Ltd, Ningbo Beautiful Daily Cosmetic Packaging Co., Ltd., Oxygen Development LLC, A.W. Faber-Castell Cosmetics GmbH, Eugeng International Trade Co., Ltd., Columbia Cosmetics Manufacturing Inc, JOVI S.A, Quadpack Spain SL, Confalonieri Matite S.R.L, and Alkos Cosmetiques SAS.
Global Cosmetic Pencil and Pen Packaging
Global Cosmetic Pencil and Pen Packaging, by Material:
Global Cosmetic Pencil and Pen Packaging, by Product Type:
- Mechanical Pencil
- Wooden Pencil
- Moulded Pencil
Global Cosmetic Pencil and Pen Packaging, by Application
- Skin Glossing Pencil
- Concealer Pencil
- Cheek Balm
- Sculpting Pencil
- Clean-up Pencil
Global Cosmetic Pencil and Pen Packaging, by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa