News & Analysis on Cosmetics Innovation
The South Korean cosmetics packaging maker is continuing to bode well on the Asian markets, growing from $20 million in sales in 2002 to $150 million ten years on, a run it attributes to its key strategy of financially committing to innovation.
According to the market researcher, global plastic high-density polyethylene used in cosmetics amongst other consumer goods will see revenues rise dynamically to almost US$70 billion by 2019.
Aussie ingredients supplier Southern Cross Botanicals has been acquired by Lucas Meyer as the Unipex subsidiary looks to take advantage of the rich biodiversity in Australia and boost its portfolio.