Cosmetic Pencil & Pen Packaging Market attributed to the improved synergy between global and local players.

Future Market Insights (FMI) delivers key insights on the global cosmetic pencil & pen packaging market in its published report titled “Global Cosmetic Pencil & Pen Packaging Market Forecast, Global Industry Analysis, 2012-2016, and Opportunity Assessment, 2017-2027.” In terms of revenue, the global cosmetic pencil & pen packaging market is estimated to grow at a CAGR of 6.1% during the forecast period owing to numerous factors about which FMI offers insights and forecasts in this report. The Asia Pacific cosmetic pencil & pen packaging market is expected to remain in the leading position during the forecast period.

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In this report, the cosmetic pencil & pen packaging market has been segmented on the basis of material, product type, application and region. On the basis of material, the global cosmetic pencil & pen packaging market has been segmented into plastic, wood and metal. Plastic packaging is a cost-effective alternative to metal cosmetic pencil & pen packaging. Plastic components are often subject to UV coating or metallisation to impart a metal finish look, and this technique is widely used by the manufacturers of cosmetic pencil & pen packaging to attract high-end customers.

The leading cosmetic pencil & pen packaging companies across the globe are strategically focused on the localisation of cosmetic products. Following the industry leaders, several tier-II cosmetic pencil & pen packaging companies also replicated a similar strategy to achieve success in the local market, consequently transforming the dynamics of the global cosmetic pencil & pen packaging market. Furthermore, these companies of cosmetic pencil & pen packaging also leverage the local benefits of the local market, which is largely characterised by economic production and quick integration with the existing supply chain. Multinational cosmetic pencil & pen packaging companies have outsourced their production to local and regional players, thus ensuring technical know-how and industry expertise. Over the past three years, more than ten European cosmetic pencil & pen packaging brands entered the high-potential Asian market, mostly the countries in South and Southeast Asia. The trend is likely to continue as several tier-II companies are also planning to foray into cosmetic pencil & pen packaging markets. In addition, local cosmetic pencil & pen packaging brands are challenging the global brands by selling their products at highly competitive prices, thus paving the way for way for more competition in the cosmetic pencil & pen packaging market.

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The growth of the cosmetic pencil & pen packaging can be mainly attributed to the contributions of emerging economies such as countries in the APEJ region, which include India & China. China is expected to be at the forefront, spearheading the growth of the cosmetic pencil & pen packaging market during the forecast period. According to the research by Future Market Insights, the China cosmetic pencil & pen packaging market has witnessed rapid growth in the past couple of decades.

The manufacturers of cosmetic pencil & pen packaging are likely to eye the lucrative regions of Asia Pacific as well as Middle East & African countries in the coming years. Some of the key drivers of the global cosmetic pencil & pen packaging market include the positive impact of Internet/E-commerce retailing, demand from commercial setups and the easy-to-apply nature of these cosmetics. These factors are propelling the demand for global cosmetic pencil & pen packaging. The Asia Pacific Excluding Japan (APEJ) cosmetic pencil & pen packaging market is expected to create the highest incremental $ opportunity during the forecast period.

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Some of the key competitors in the global cosmetic pencil & pen packaging market include Intercos S.p.A; Swallowfield PLC; A.W. Faber-Castell Cosmetics GmbH; Schwan-STABILO Cosmetic GmbH & Co. KG; Alkos Cosmetiques SAS; Oxygen Development LLC; JOVI S.A; Confalonieri Matite S.R.L; Columbia Cosmetics Manufacturing Inc.; Quadpack Spain SL; Ningbo Beautiful Daily Cosmetic Packaging Co., Ltd.; Eugeng International Trade Co., Ltd. and The Packaging Company. These key players of cosmetic pencil & pen packaging are constantly focusing on product innovation and geographical expansions to sustain their market presence and increase revenue generation by delivering various types of cosmetic pencil & pen packaging as well as outstanding offerings to several end users.

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

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This release was published on openPR.