Cosmetic Pen and Pencil Market 2021 to 2028 Top Impacting Factors and Investment Study

Research Nester has released a report titled Cosmetic Pen and Pencil Market – Global Demand Analysis & Opportunity Outlook 2028” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.

The millennial population around the world is increasing every moment. They are the most influential group of people whose impact can be felt massively in the societies we all live in. Backed by the increasing disposable income, increasing number of working millennial population and the changing lifestyle of the individuals are the adoption of cosmetic products have increased massively. Further, such a factor is also driving the need for innovative and quality cosmetic products amongst the millennial generation. On the other hand, the brands and marketers are competing in the market for the development of advanced cosmetic products. Additionally, increasing demand for natural, organic and eco-friendly cosmetics products and the growing working women population are some of the factors anticipated to drive the growth of the global cosmetic pen and pencil market.

The global cosmetic pen and pencil market is anticipated to grow at a CAGR of 9.21% during the forecast period, i.e. 2020-2028. The market is thriving on the back of the opportunities generated by the growing e-commerce industry that is providing users to purchase cosmetic products easily, followed by the increasing presence of market players through online distribution channels. The global cosmetic pen and pencil market held a value of USD 6725.0 million in the year 2019 and is further anticipated to reach a value of USD 14753.8 million by the end of 2028. Additionally, the market is expected to gain an incremental $ opportunity of USD 568.4 million in the year 2020 as compared to the previous year and further gain an absolute $ opportunity of USD 7460.4 million over the forecast period.

The market is segmented by type into luxury, premium, economical and low. Among these segments, the economical segment, which had a market share of 42.66% in the year 2019, is anticipated to grow from USD 2869.1 million in the year 2019 to a value of USD 6672.6 million by the end of 2028 by registering a CAGR of 9.91% throughout the forecast period. The segment, which is anticipated to grow by 2.1x during the forecast period, iis further expected to gain an incremental $ opportunity of USD 263.4 million in the year 2020 as compared to the previous year.

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Geographically, the global cosmetic pen and pencil market is segmented by five major regions into North America, Europe, Middle East & Africa, Asia Pacific and Latin America region, out of which, the Asia Pacific cosmetic pen and pencil market held the largest market share of 38.90% in the year 2019 and is expected to grow from USD 2616.0 million in the year 2019 to USD 6484.3 million by the end of 2028 by registering a CAGR of 10.66% during the forecast period. On the other hand, the market is further anticipated to gain an incremental $ opportunity of USD 268.5 million in the year 2020 as compared to the previous year. Further, the market in the region is also anticipated to gain an absolute $ opportunity of USD 3599.8 million during the forecast period.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

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However, concerns for regulations for recycling of the raw materials used in the manufacturing of cosmetic products, along with the stringent rules and regulations for manufacturing of cosmetic pen and pencils and the availability of counterfeit products are some of the factors anticipated to hamper the growth of the global cosmetic pen and pencil market.

This report also studies existing competitive scenario of some of the key players of the global cosmetic pen and pencil market, which includes profiling of The Clarins Group, Knowlton Development Corporation (KDC/ONE Corporation), A.W. Faber-Castell Cosmetics GmbH, Schwan-Stabilo Cosmetics GmbH, Columbia Cosmetics Manufacturing Inc., Confalonieri Matite S.R.L., HCT Group, Tarte Cosmetics Inc., Kendo Holdings and Intercos Group.

The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Cosmetic Pen and Pencil Market – Global Demand Analysis & Opportunity Outlook 2028, analyses the overall cosmetic pen and pencil industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global cosmetic pen and pencil market in the near future.

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