From 2012 to 2016, consumption of cosmetics and perfume packaging increased by an average annual growth rate of 1.3%. It reached US $24.72 billion in 2017 and is expected to grow at an annual growth rate of 4.2% from 2017 to 2022, reaching US $30.35 billion.
Asia is the largest consumer area of cosmetics packaging, followed by Western Europe and North America. The consumption of cosmetics packaging in Africa is growing fastest. Mature regions in North America and Western Europe will grow at a lower rate.