Future Market Insights
Cosmetics have become an integral part of urban population and particularly among working women. Skin glossing pencil packaging market has emerged as a niche market segment in the global cosmetics packaging market. Skin glossing pencils are used by women to make their skin look more shiny and younger. The global skin glossing pencil packaging market can account for major portion of the cosmetic packaging market owing to growing cosmetics consumption across the world. The skin glossing pencil packaging not only helps in differentiating the product from its substitutes but also helps in creating a brand image of the product in the minds of consumers by communicating information about the brand. The skin glossing pencil packaging improves the durability of the product by increasing its shelf life. Skin glossing pencil packaging is essential to attract the customers through the product appearance in order to improve the turnover ratio and profit margin. Skin glossing pencil packaging allows manufacturers to manufacture skin glossing pencils of various sizes while increasing its portability. Due to abundance in availability and low procurement cost, plastics such as acrylic and polypropylene (PP) are common material used in skin glossing pencil packaging.
Skin Glossing Pencil Packaging Market: Market Dynamics
The skin glossing pencil packaging market is related with cosmetic packaging market. The cosmetic packaging market is estimated to be around US$ 30 billion, which is expected to grow at a CAGR of 4% over the forecast period. Skin glossing pencil, which is a luxury product, is expected to witness rise in demand with increase in disposable income of consumers, influencing the growth of skin glossing pencil packaging market. Nowadays people are getting more conscious about their image so with the use of skin glossing pencil they can reduce their skin complexion which is an important factor contributing to the increased consumption of the skin glossing pencil while boosting the growth for the skin glossing pencil packaging market. In the backdrop of rapid urbanization along with increasing influence of western culture especially in the Asian countries like India and China, the demand for the skin glossing pencil packaging is expected to move upward over the forecast period. However, the use of chemical composition of skin glossing pencil may hamper the growth of skin glossing packaging market. The globalization has made the world smaller as a skin glossing pencil of American brand can be easily found in the stores of Asian countries.
Skin Glossing Pencil Packaging Market: Market Segmentation
The skin glossing pencil packaging market can be segmented by the type of material used, type of product, by application, by formulation.
Based on the type of material used, skin glossing pencil packaging market can be segmented into:
Based on the type of product, skin glossing pencil packaging market can be segmented into:
Based on the application, skin glossing pencil packaging market can be segmented into:
Based on the formulation, skin glossing pencil packaging market can be segmented into:
Skin Glossing Pencil Packaging Market: Regional Outlook
Regionally global skin glossing pencil packaging market is segmented into
North America and Eastern and Western Europe is expected lead the global skin glossing pencil packaging market owing to high consumption of cosmetics products. Skin glossing packaging market in Latin America and APEJ region is expected to register the highest growth over the forecast period attributing to the influence of the western culture over the growing urban population. While the growth for skin glossing pencil packaging market in MEA is expected to be sluggish over the forecast period.
Skin Glossing Pencil Packaging Market: Key Players
Some key players of skin glossing pencil packaging market are Amcor Limited, HCP Packaging, Cosmopak, International Cosmetic Suppliers Ltd, 3C Inc, Alpha Packaging, Color Carton Corporation, ChingFon Industrial Co., LTD, Anomatic, Arcade Beauty, APC Packaging, EPOPACK Co., Ltd, AptarGroup, Libo Cosmetics Co., Ltd and Quadpack Group, etc.
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