Cosmetic Pencil & Pen Market By Emerging Trends, Business Strategies, Developing Technologies, Revenue, Competitive Landscape, Regional Overview And Covid-19 Impact Analysis Till 2029
The global cosmetic
pencil & pen market is estimated to be valued at US$
2.6 Bn in 2022, and is expected to increase at a CAGR of 6.3% between the
forecast period 2022–2029, according to a recent study published by Future
Market Insights (FMI). The study opines that the increasing focus to
developments and innovation will continue to remain one of the vital factors
that accelerates the market growth of the cosmetic pencil & pen.
As per the key findings of the report, the global
cosmetic pencil & pen market is projected to experience noteworthy growth
over the forecast period due to various driving factors such as growing
e-commerce industry and increasing demand for cosmetic product. The major
players of cosmetic pencil & pen are focusing on the e-commerce channels
for sales and promotion, finds the study.
The e-commerce industry is growing at a good pace and is expected to
contribute to the increasing sales of cosmetic products, and simultaneously
influence the emerging trends in the global cosmetic pencil and pen market
during the forecast period.
E-commerce provide small and local manufacturers a large platform to do
business, which is expected to increase in market share by reaching new
customers. Consumers are attracted towards the buying process provided by the
e-commerce industry, it speeds up the buying process and saves time. It also
provides a comparative study about the product with reduced cost, and this will
bolster online sales of cosmetic pencil & pens in the coming future.
Asia
Pacific to Hold One-Third Revenue Share; Market Leaders to Expand Their
Presence in the Region
The FMI study finds that China, South Korea and Japan are the leading
exporter and importer of cosmetic product in the Asia Pacific region, and these
countries cumulatively accounts for approximately 2/3rd of the total Asia
Pacific cosmetic pencil & pen market. It is due to increase in per capita
income of working women and increasing attention towards fashionable cosmetic
product.
Europe is also expected to witness a positive outlook towards cosmetic
pencil and pen in the forecast period followed by the Asia Pacific region.
France and U.S. are the leading exporters in the global market. It is due to
presence of key players in cosmetic pencil & pen manufacturing. Leading
European cosmetic pencil & pen manufacturers are entering into potential
market of Asia pacific, and more often in Southeast Asia.
The tier 2 companies are also planning to expand their presence in the
global market with increased production capacity with acquisition and mergers.
Growing penetration of local manufacturers in their respective regions also
fuels the cosmetic pencil & pen market. Furthermore, emerging economies of
Latin America such as Mexico and Argentina are expected to have potential in the
cosmetic pencil & pen market during the forecast period. All these factors
will create demand for cosmetic pencil & pen in the coming years.
Cosmetic
Pencil & Pen Market: Vendor Insights
Leading cosmetic companies such as Intercos S.p.A, Swallowfield PLC,
Schwan-STABILO Cosmetic GmbH & Co. KG and HCT Group are focusing on
developing innovative product and also focusing on expanding its geographical
presence to sustain in the market. The companies providing various types of
cosmetic pencil & pen with increase product offering help them to increase
the revenue and sales of the company.
Some of the other key players in the
global cosmetic pencil & pen market are Alkos Cosmetiques SAS, Oxygen
Development LLC, JOVI S.A, A.W. Faber-Castell Cosmetics GmbH, Confalonieri
Matite S.R.L, Columbia Cosmetics Manufacturing Inc, Eugeng International Trade
Co., Ltd., Quadpack Spain SL, Ningbo Beautiful Daily Cosmetic Packaging Co.,
Ltd., The Packaging Company, and Alovey Cosmetic Packaging Co.,Ltd.
Key Segments Covered in
Cosmetic Pencil & Pen Industry Research
By
Material :
- Plastic
- Wood
- Metal
By
Product Type :
- Sharpenable Wooden Pencils
- Sharpenable Molded Pencils
- Mechanical Pencils
By
Application :
- Eye
- Eyeliner & Kajal
- Eye Shadow
- Eye Brow
- Mascara
- Lip
- Lip Liners
- Lipsticks
- Lip Gloss
- Clean-up Pencils
- Concealer Pencils
- Cheek Balms
- Sculpting Pencils
- Skin Glossing Pencils
By
Region :
- North America Cosmetic Pencil & Pen
Market
- Latin America Cosmetic Pencil & Pen
Market
- Europe Cosmetic Pencil & Pen Market
- East Asia Cosmetic Pencil & Pen
Market
- South Asia Cosmetic Pencil & Pen
Market
- Oceania Cosmetic Pencil & Pen Market
- Middle East & Africa (MEA) Cosmetic
Pencil & Pen Market
Comments
Post a Comment