News & Analysis on Cosmetics Innovation
According to the latest research from Reportlinker, increased applications of nanotechnology in sectors like cosmetics will propel global growth which is anticipated to expand at a CAGR of about 19 percent during 2011-2014.
Cosmetics packaging provider Albéa is looking to complement its current offering in the beauty segment with the purchase of Rexam’s Personal Care division, and the European Commission has approved the proposed acquisition.
The Wisconsin-based Triad Group, which specializes in the manufacture of alcohol wipes, says it plans to re-open its business as a cosmetics maker following bankruptcy procedures.
As Procter & Gamble continues to battle against shrinking market share world-wide, CEO Bob McDonald emphasizes how his vision for increased innovation will help the company face up to its current challenges.