Cosmetic Pencil And Pen Packaging Market

Cosmetic Pencil & Pen Packaging Market: Asia Pacific to Record Steady Y-O-Y Growth Rate Throughout the Forecast Period: Global Industry Analysis & Opportunity Assessment, 2016-2024

  • REP-GB-2565
  • 2017-01-02
  • 221 Pages
  • Format: pdf ppt
  • Category: Packaging

Asia Pacific to foster the global cosmetic pencil and pen packaging market growth

The global cosmetic pencil and pen packaging market is expected to surge in the years to come. In 2015 the global cosmetic pencil and pen packaging market was valued more than US$ 1,604.6 Mn and expanded at a CAGR of 6.1%. The market is expected to touch an approximate value of more than US$ 2763.3 Mn by 2024 end. In volume terms, the market is anticipated to rise by 4.5% by 2024 end. The market is likely to create incremental dollar opportunity of more than US$ 1070.2 Mn within the assessment period. Furthermore, the market is anticipated to expand 1.6X during the projected period. A rising beauty conscious population and increasing per capita disposable income are the key factors driving substantial growth of the cosmetic pencil and pen packaging market around the globe.

The future of the global economy is highly dependent on some of the emerging economies of the globe. India and China are anticipated to play a pivotal role in this massive economic evolution. These countries will also influence the expansion of the Asia Pacific cosmetic pencil and pen market. The market in the APAC region is expected to gain more than 180 basis points towards the close of 2024. The North America and Latin America market share is expected to lose more than 40 basis points jointly by 2024. The developed market of Europe is anticipated to account for a significant loss of more than 100 basis points during the studied period. Though North America and Europe along with the Middle East and Africa are expected to register uneven growth throughout the forecast period, the Asia Pacific market is likely to record a steady Y-O-Y growth rate from 4.8% in 2015 to 7.9% by 2024. Asia Pacific is anticipated to emerge as the key region driving a significant demand for cosmetic pencil and pen packaging products during the period of forecast. The market in Asia Pacific is expected to register a significantly high attractiveness index of 1.0 during the assessed period.

Asia Pacific is anticipated to rule the global cosmetic pencil and pen packaging market during the evaluation period

The worth of the Asia Pacific cosmetic pencil and pen packaging market was pegged at more than US$ 540 Mn in 2015 and the market is projected to expand at a CAGR of 6.9% during the foreseen period. The market is anticipated to cross US$ 967 Mn by 2024 end. By volume, the Asia Pacific cosmetic pencil and pen packaging market to expand at a CAGR of 5.3% within the forecast period. The region is likely to curate an incremental dollar opportunity of more than US$ 390 Mn within the period of forecast. Market in this region is expected to grow 1.7x within the forthcoming years. The demand for cosmetic pencil and pen packaging in China is expected to be high throughout the foreseen period. The market will likely gain more than 300 basis points, recording a strong growth in the next eight years. Incremental dollar opportunity in China is anticipated to jump above US$ 210 Mn during the period of forecast.

cosmetic pencil and pen packaging market_Image for preview analysis

Asia Pacific cosmetic pencil and pen packaging market: Segment-wise growth analysis

  • On the basis of material type, the plastic segment is expected to lead the cosmetic pencil and pen packaging market in Asia Pacific during the evaluation period. The plastic segment was valued at US$ 260 Mn in 2015 and is projected to expand at a CAGR of 6.8% during the projected period.

  • The wood segment in the APAC region to record a promising CAGR of 8.2% during the prediction period. Sharpenable wooden pencil segment was valued at over US$ 260 Mn in 2015 and is projected to expand at a CAGR of 7.6% during 2016 – 2024. The sponge segment was valued at more than US$ 140 Mn in 2015 and is projected to expand at a CAGR of 6.0% during 2016 – 2024.

  • The brushes segment is expected to grow 1.6x from 2016 to 2024, registering a CAGR of 6.7% during the same period.

  • The lead segment is likely to grow 1.7x and register a CAGR of 7.4% from 2016 to 2024.

  • The parabens segment was valued close to US$ 110 Mn in 2015 and is projected to expand at a CAGR of 4.9% from 2016 to 2024. The segment is anticipated to create incremental dollar opportunity above US$ 50 Mn from 2016 to 2024.

  • Lip segment is projected to register high Y-o-Y growth by value by 2024. The lip segment is expected to grow 1.7x from 2016 to 2024, registering a CAGR of 7.1% during the assessment period.

Future Market Insights presents a comprehensive analysis of the worldwide cosmetic pencil and pen packaging market in a new publication titled “Cosmetic Pencil & Pen Packaging Market: Global Industry Analysis and Opportunity Assessment 2016-2024.” In the report, we have clearly scrutinised the potential of the local and global market on the basis of various market segments and showcased and assessed a plethora of opportunities available in the market which might impact the long-term turnover of the companies working in the global cosmetic pencil and pen packaging market. In this market analysis, we have evaluated the projected development of the market on the basis of several significant factors. We have highlighted a gamut of developments that are likely to change the face of the cosmetic pencil and pen packaging market. Our team of analysts did an extensive study and noted down all the important drivers, restraints and trends that will probably influence the global cosmetic pencil and pen packaging market in the years to come. Drivers and restraints not only influence the attire of a particular market but also impact the market economics and govern the business operations of the leading as well as second line players present in the global cosmetic pencil and pen packaging market. Our researchers have studied the market dynamics that are likely to set a new path of development and will probably change the present ecosystem of the market.

Report description

This report on the global cosmetic pencil and pen packaging market starts with an overview of the market followed by several other key chapters which contain the important definitions and executive summary that provides a 360-degree view of the cosmetic pencil and pen packaging market. In the taxonomy section, we have divided the market into different sections such as material type, product type, applicator type, formulation type, application type and region. In the subsequent chapters of the report we have dived deep into the market to put forth the dynamics and presented our independent analysis of various elements such as drivers, restraints and trends that we feel will define the market size and value in the forthcoming years. In next few sections of the report, we have added the cost structure analysis, location analysis and value and supply chain analysis. These chapters aptly reveal the functioning of the market and also talk about the core potential in the global cosmetic pencil and pen packaging market. The following sections quantify our analysis on the global pencil and pen packaging market by presenting relevant data on the market size along with key performance metrics.

The last section of the report is devoted to studying the performance of a few of the leading companies operating in the global market. We have profiled few of the key players and tabled a detailed analysis of their overall performance and comprehensive dissection of their short-term, long-term and go-to-market strategies. This section is intended to provide audiences with a dashboard view of the competitive landscape in the global cosmetic pencil and pen packaging market.

Global cosmetic pencil and pen packaging market: Market segmentation

Material Type

Product Type

Applicator Type

Formulation Type

Application Type

Regions

  • Plastic
  • Wood
  • Metal
  • Sharpenable Wooden Pencil
  • Sharpenable Molded Pencil
  • Mechanical Pencil
  • Sponge
  • Brushes
  • Lead
  • Parabens
  • Sulfates
  • Phthalates
  • Eye
    • Eyeliner
    • Eye Shadow
    • Eye Brow
    • Mascara
  • Lip
    • Lip Liner
    • Lipstick
    • Lip Gloss
  • Clean Up Pencil
  • Concealer Pencil
  • Cheek Balm
  • Sculpting Pencil
  • Skin Glossing Pencil
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • MEA

Our research methodology

Future Market Insights did in-depth secondary research to gauge the overall market size, top industry players, top products and industry associations. Our analysts formulated a detailed discussion guide in order to conduct expert and industry interviews. Through extensive research, our team of analysts accumulated a massive chunk of data which we later sliced and diced to understand the evolving climate of the market. The data which we gathered through secondary and primary research was later validated through triangulation method. With the use of advanced tools, we obtained qualitative and quantitative insights about the industry.

Key metrics

  • In this report on the global cosmetic pencil and pen packaging market, we have encapsulated the key metrics that accurately describe the global cosmetic pencil and pen packaging market and used this data to compare market performance across the various segments and regions. We understand that the nature of the world economy is very volatile and hence besides estimating the Compound Annual Growth Rate (CAGR) for the global and regional markets, we have also analysed the global cosmetic pencil and pen packaging market on the basis of growth parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities likely to emerge in the global cosmetic pencil and pen packaging market.

  • Further, we have studied the different market segments by conducting a Basis Point Share (BPS) analysis to understand the relative contribution of individual segments to overall market growth. We feel this detailed level of information is important to identify the many key trends governing the global cosmetic pencil and pen packaging market.

  • Another notable feature of our report is an analysis of the revenue forecast of the cosmetic pencil and pen packaging market in terms of absolute dollar opportunity. While this is usually overlooked when forecasting the market, we believe absolute dollar opportunity analysis is critical in assessing the level of opportunity that market providers can look to achieve and also to identify potential resources in the global cosmetic pencil and pen packaging market.

  • Finally, we know the importance of dissecting the different market segments in terms of their growth and performance in the global cosmetic pencil and pen packaging market, and towards this end, we have developed a market attractiveness index to help market players identify current and future market opportunities.

Report summary

In our report on the global cosmetic pencil and pen packaging market, inflation has not been considered to reach the market revenue at different levels of market segmentation. Weighted average prices in US$/unit have been considered for cosmetic pencil and pen packaging to arrive at market size numbers. The prices of cosmetic pencil and pen packaging have been tracked at the wholesale level after conversion through trade websites and primary interviews. Growth in per capita income, purchasing power parity, GDP growth, food retail sector growth, and global consumer flexible plastic packaging have been closely referred to arrive at a market forecast.