Cosmetic Pencil & Pen Market (2022-2029) | Where Should Participant Focus To Gain Maximum ROI | Exclusive Report By Future Market Insight

 The global cosmetic pencil & pen market was valued at ~US$ 2 Bn in 2018, and is expected to increase at a CAGR of ~8% between the forecast period 2019–2029, 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.

For More Info - https://www.futuremarketinsights.com/reports/cosmetic-pencil-and-pen-packaging-market

Comments

Post a Comment

Popular posts from this blog

Automated Sortation System Market Analysis, Segments, Leading Player, Application & Forecast 2022 to 2030

 Future Market Insights, an ESOMAR certified market research firm in its latest report pegs the global market for automated sortation system  to surpass a valuation of US$ 14.34 Billion by the end of 2030. With accuracy and efficiency of automated sortation systems set to boost KPIs, manufacturers are steadily scaling up logistics and warehousing businesses to improve sorting and picking. Automated sortation are giving and uptick to profit margins by a respectable 1% gain and helping to reduce the total cycle time for orders. With newer sortation systems having sortation rates close to 100%, operators within the automated sortation system market are increasing their own reliability index through timely deliveries thus gaining an edge in the overall market. Better throughputs help stakeholders prepare well for capacity forecasts. Request a Sample Copy of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-11931 Key Takeaways of Automated Sort...
Read more

Industrial Motors Market Analysis, Key Players, Segments & Forecast 2022 to 2032

 The worldwide  industrial motors market  is estimated to develop at a 3.5% CAGR from 2022 to 2032, reaching a value of more than US$ 917.3 million in 2032. Several government entities, like the European Water Association (Europe), the Environmental Protection Agency (US), and the India Water Works Association (India), are actively drafting legislation and regulations governing water disposal and reuse programmes. The Environmental Protection Agency (EPA) in the United States, for example, has made it essential for companies to purify water before disposing of it. In this regard, specifications for maximum allowed contamination levels have been devised. Furthermore, severe government laws have been put in place for the construction of water projects to produce power, handle water waste, and stop deposit exploitation, among other things. These industrial water and wastewater projects are expected to have a direct impact on the growth of the industrial motors market from 20...
Read more

Deployable Military Shelter Market Outlook, Current and Future Landscape Analysis 2022 to 2029

 According to Future Market Insights (FMI), the Global Deployable Military Shelter Market will grow at a 4.7% year-on-year rate in 2022, reaching a value of approximately US$ 1,068.2 million by the end of 2022. The evolving battleground requirements have necessitated increased military unit deployment in distant warzones and diverse terrains for strategic operational and training purposes. Ascending military spending of governments and notable rise in border conflicts continues to push sales of deployable military shelters on a global level. The global deployable military shelter market will most likely surpass the value of US$ 1,464.0 Million by 2029, as projected by a new Future Market Insights (FMI) report. Witnessing healthy growth in revenues over 2022 – 2029, demand for deployable military shelters will be prominent in temporary military bases in conflict affected areas as well as overseas. Key Takeaways – Deployable Military Shelter Market Study North America’s deploya...
Read more