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Cosmetic Pencil and Pen Packaging Market Booming Segments; Investors Seeking Growth

The global cosmetic pencil and pen packaging market is projected to grow from USD 1312 million in 2020 to USD 2960.73 million by 2028, at a CAGR of 10.04% over the forecast period 2021-2028. With more customers opting for quick, easy-to-apply cosmetics with flawless deliverance, packaging solutions for eye and lip focusing beauty items but also contouring and other uses are rapidly increasing. Moreover, innovative and attractive packaging designs often influence the cosmetic pencil & pen market and leading producers are progressively focused on selling their goods through unique packaging.

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The plastic segment held the largest market value of around USD 509.06 million in 2020.

The material type segment of cosmetic pencil and pen packaging market is divided into wood, plastic and metal. The material type segment is divided into wood, plastic and metal. The plastic segment held the largest market value of around USD 509.06 million in 2020. This is because of the convenience and benefits of plastic packaging are primarily in support of the global cosmetic pencil and pen packaging market.

The eye segment held the largest market value of around USD 482.82 million in 2020.

The application segment of cosmetic pencil and pen packaging market includes eye, clean-up pencil, lip, cheek balm, concealer pencil, skin glossing pencil and sculpting pencil. The eye segment held the largest market share of around USD 482.82 million in 2020. This was attributed to the range of products, such as kajal& eyeliner, lip, eye shadow, and mascara. The eye is the main focus of the face for enhancing aesthetic appearance, which is the feature which supports segmental growth. The development of various products by leading manufacturers, such as multiple eye shadow and kajal colors, is further projected to increase the growth of this segment.

Regional Segmentation Analysis:

The regions evaluated for theglobal cosmetic pencil and pen packaging market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. The Asia-Pacific region led the global cosmetic pencil and pen packaging market with a revenue of USD 467.07 million in 2020. This was because, the increasing women population in Asia Pacific region exhibits a significant change in cosmetic pen & pencil packaging market. Liberalisation of society in Asia pacific and GCC countries also drive growth in the global cosmetic pen & pencil packaging market.

Competitive Analysis:

Major players in the global cosmetic pencil and pen packaging market are A.W. Faber-Castell Cosmetics GmbH, Alovey Cosmetic Packaging Co., Ltd., Columbia Cosmetics Manufacturing Inc., Eugeng International Trade Co., Ltd., HCT Group, Intercos Spa and Schwan-STABILO Cosmetics GmbH & Co. KG among others.

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