News & Analysis on Cosmetics Innovation
Market research firm Global Industry Analysts (GIA) has predicted the global personal care products market to reach $333bn by 2015, driven by increasing product innovations, growing disposable incomes and better market penetration.
The fine chemicals player’s results showed that the biggest gains came from its consumer care division, where double digit sales increases were seen during the course of the financial year.
The unstable economic environment, particularly in Europe, has taken its toll on the consumer packaging business, with beauty packaging being one of the worst hit, according to global packaging supplier MWV.
Johnson & Johnson CEO Bill Weldon has announced his retirement and will be succeeded by Alex Gorsky at a time of mixed fortunes for the company.
The Society of Cosmetic Chemists has announced that formulation sustainability is amongst hot industry topics to be discussed at its annual scientific seminar program on the 31st May– 1st June.