The global Cosmetic Pencils market is driven by the increasing per capita income of working women. This group accounts for more than 20% of cosmetic sales in the world and is expected to grow further during the forecast period. This market segment consists of manufacturers, distributors, and service providers in the cosmetic industry. Companies in the Cosmetic Pencils industry are mainly focused on developing innovative products.
The global Cosmetic Pencils market is expected to grow at a CAGR of 6.1% between 2016 and 2024. The demand for cosmetic pencils and pens is largely driven by increasing income levels and the demand for natural cosmetics. Increasing penetration of the internet has increased the availability of these products.
Cosmetic pencils can be made of many materials. One option is a polyethylene pencil, which is known as a thermoplastic material. This material is used in the barrels of cosmetic pencils. The pencil can be trimmed and filled by hand. The finished product can be sharpened using a conventional cosmetic pencil sharpener.