US$ 1.7 Bn Global Cosmetic Pencil and Pen Packaging Market to Grow at a 6.1% CAGR Through 2024 - Seite 2

Preview Analysis on Cosmetic Pencil & Pen Packaging Market Segmentation Material Type - Plastic, Wood and Metal; Product Type - Sharpenable Wooden Pencil, Sharpenable Molded Pencil and Mechanical Pencil; Applicator Type - Sponge, Brushes and Lead; Formulation Type - Parabens, Sulfates and Phthalates; Application Type - Eye, Lip, Clean Up Pencil, Concealer Pencil, Cheek Balm, Sculpting Pencil and Skin Glossing Pencil: http://www.futuremarketinsights.com/reports/cosmetic-pencil-and-pen-packaging-market

Research Highlights for Global Cosmetic Pencil & Pen Packaging Market 

• Surging e-commerce sales will continue to positively shape the dynamics of global cosmetic pencil & pen packaging market.
• Increasing influence of 3D printing will remodel packaging methods for cosmetic pencils & pens.
• Lead applicators, compared to brushes and sponges, will continue to be in high demand through 2024, procuring a 48.3% share of global market value.
• Consumption of cosmetic pencil & pen packaging products (in terms of volumes) for lip applications will rise at the highest CAGR - 6.3% - over the forecast period.
• Nearly US$ 1.5 billion revenues will be procured in the global market through sales of phthalate-formulated cosmetic pencil & pen packaging products.
• Stringent manufacturing & recycling regulations will be a major challenge inhibiting the growth in global production of cosmetic pencil & pen packaging products that adversely impact the environment in one way or another.
• Collectively, cosmetic pencil & pen packaging revenues from Asia-Pacific and Europe will attribute to about 60% of global revenues.
• North America's cosmetic pencil & pen packaging market will be the third-most dominant regional market, projecting a US$ 805 million market value by 2024.
• Volume-wise, the growth of cosmetic pencil & pen packaging market in Latin America and Middle East & Africa (MEA) will register expansion at less than 4% CAGR during the forecast tenure.

Global Cosmetic Pencil & Pen Packaging Market: Key Competitors 

Various cosmetic pencil manufacturers are consolidating their position by focussing on setting up in-house packaging for their products or merging their operations with established packaging companies. An improved synergy among market competitors will eventually benefit the growth of global cosmetic pencil & pen packaging market.