Cosmetic Pen and Pencil Market Analysis

The global cosmetic pen and pencil market is segmented and analyzed for demand and supply by application into lip, eye, skin glossing pencil, clean-up pencil, concealer pencil, cheek balm, and nail. Out of all, the lip segment is anticipated to grow at a CAGR of 9% over the forecast period. The growth of the segment can be attributed to the rising usage of lip liner among population. The leading US based company Revlon Colorstay’s lip liner sale was valued at approximately USD 15 million. 

The global cosmetic pen and pencil market is also segmented and analyzed for demand and supply by material type into the wood, plastic, and metal. Amongst these three segments, the plastic pharmacies segment is expected to grow at a CAGR of 7.8% over the forecast period. Plastic is the most preferable material for manufacturing cosmetic products Since plastic guarantees that liquids stay that way for a long time, prevents them from drying out, and has a strong grip. Moreover, in comparison to other materials, such as wood and metal, plastics have high retardancy for scratches. Around 8 billion rigid plastic items were produced in the US for the cosmetics sector. Additionally, there are 120 billion plastic packaging units used by the cosmetics sector each year in the form of bottles, tubes, and containers.

Our in-depth analysis of the global cosmetic pen and pencil market includes the following segments: