1 – No glass ceiling: Piramal sees ‘immense potential’ in India as sustainability and luxury trends rise
Demand for ethical and premium packaging is driving the growth of India-based glass manufacturer, Piramal Glass.
According to Vijay Shah, vice chairman of Piramal Glass, the company’s cosmetics and perfumery business has grown at a compound annual growth rate (CAGR) at 12% over the last decade.
According to the latest reports, India’s beauty segment is worth an estimated $1bn and is forecasted to reach $2.5bn by 2020.
“We strongly believe that the segment has immense potential in India for both multinationals and homegrown brands,” he told CosmeticsDesign-Asia.
Shah pointed out this had been attracting many international personal care companies to set up their operations in India and these companies increasingly procuring and assembling most of their products locally.
2 – Cosmax partners with Innerbottle to develop eco-friendly packaging
South Korean ODM company Cosmax is linking up with Innerbottle to develop easy to recycle cosmetic containers in a bid to slash plastics use.
In a statement, the company said it aimed to take a lead in reducing the use of plastics, which has emerged as a critical environmental issue.
According to Transparency Market Research, plastic materials accounted for 56.3% of cosmetics packaging worldwide in 2016.
The urgency of the issue is driving Cosmax to introduce its new eco-friendly designs in the global cosmetics market by this year.
"Currently, the cosmetics industry has a lot of concerns about plastic. Cosmax will make various efforts to recycle cosmetics,” said Kim Jae-chun, vice chairman of Cosmax.
3 – Why we are going to hear a lot more about biotech plastics
This was highlighted recently when L’Oréal confirmed that it was stepping up its investment in biotechnology recycled packaging provider Carbios.
Cosmetics Design brought you this news in an article by Deanna Utroske that highlighted how the increased investment in Carbios could ultimately serve to help bring the companies PET recycling technologies to industrial scale.
L’Oréal has a long-standing commitment to sustainable practices and as the biggest beauty personal care player in the world this path is continuing to have a significant impact on the global industry as a whole.
Sustainable packaging is a core focus
Back in 2018, the company reaffirmed its commitment to sustainable packaging as one of the pillars of its sustainability strategy by doubling down on its pledge to further improve on this area of it manufacturing.
4 – Albéa publishes a first sustainability report
This month the beauty packager published an 18-page report outlining the company's past, current, and future approach to environmental sustainability and, as part of the document, laid out 5 ways that Albéa is working toward a circular approach to cosmetics and personal care packaging.
“At Albéa, our position is clear. Packaging must be safe for those who make it and those who use it, for the product inside and for the planet. It must be circular; and it must have a minimal environmental impact,” says Gilles Swyngedauw, Albéa’s vice president of CSR, innovation, and marketing, in a foreword to the 2018 Sustainable Development Report (which is titled, Made with Albéa Made Responsibly).
The plan to achieve circular packaging
In a section of the Albéa report called Responsible Packaging, Aude Charbonneaux, CSR manager, sets out 5 “priorities to invent tomorrow’s circular cosmetic packaging”: reduce, reuse, recycle, PCR, and bio-based.
To reduce cosmetic and personal care packaging, Albéa will create packaging that weighs less, packaging with fewer different materials, and with no unnecessary components. This approach to more environmentally friendly beauty packing isn’t new for Albéa: “This is traditionally the purpose of eco-design and life-cycle assessments, and lots of progress have already been made,” writes Charbonneaux. “Yet,” she emphasizes, “we have to accelerate.”
5 – method soap teams with Minted on limited edition packaging
The SC Johnson-owned soap brand method is the first personal care brand to license art work from Minted, a design platform that uses data to sell art and graphic design by independent creative professionals worldwide. And this week the venture launched a licensing service for brands and retailers.
Miaiam Naficy founded Minted as an online design marketplace in 2007. The platform sources art from indie professionals by category (like fabric design, personal stationery design, art prints, greeting cards, etc.); site visitors vote on the submissions; and Minted makes and sells the winning designs sharing, sales revenue with the artist. In the beauty industry Naficy may be more well know for her time leading ecommerce for The Body Shop or for founding Eve.com in 1998, a site Wikipedia describes as the “first major online retailer of cosmetics.”
