Cosmetic ingredient market to grown at a CAGR of 7.1 per cent
As per the reports from Industry Arc, the cosmetic ingredients market is estimated to reach US$ 11.8 billion by 2025 and grow at a CAGR of 7.1 per cent from 2020-2025. Globally, changing lifestyles and growing spending capacity rise in the awareness about beautification, and an increase in per capita income and an urbanised population will accelerate the prime growth of the global cosmetic ingredients industry in the forecast era. Asia Pacific dominates the cosmetic ingredients market owing to the emerging economies and increase in adoption of cosmetic ingredients increasing in this region. Rising consumer buying power and rapid lifestyle change are the driving force behind the cosmetic ingredient market’s growth. Perfumes and fragrance held the largest share in the cosmetic ingredients market in 2019 and is projected to grow at a CAGR of 5.6 per cent during the forecast period 2020-2025.
Flipkraft commits to plastic-free packaging in its own supply chain
Flipkart, India’s homegrown e-commerce marketplace, has eliminated all single-use plastic packaging across its fulfilment centres in India, delivering on its public commitment to move to plastic-free packaging in its own supply chain by 2021. It continues to work with its seller ecosystem to achieve complete single-use plastic-free packaging. This has been achieved across more than 70 facilities of Flipkart spread all over India, where it has introduced the most scalable sustainable alternatives such as eco-friendly paper shreds, replacing poly pouches with recycled paper bags, replacing bubble wraps with carton waste shredded material and two ply roll to name a few. Throughout this process, Flipkart has also ensured that it is fully compliant with all EPR regulations and through its network of recyclers, the equivalent quantity of single-use plastic going to consumers is fully recycled.
Some of the other key initiatives by Flipkart include ‘E-commerce ready packaging’, where Flipkart has been able to ship close to 15 per cent of products without adding a secondary layer of packaging. Flipkart also is working towards making sure that the packaging used does not cause any deforestation by scaling packaging from recycled and alternative materials.
Kylie Jenner has announced the re-launch of Kylie Cosmetics
Beauty mogul Kylie Jenner has announced the re-launch of Kylie Cosmetics on July 15, 2021, with the products now made from vegan and clean ingredients. She has revamped her products – including her world-famous lip kits – with all-new formulas that are kinder to the planet and cruelty-free. The new lip kit has eight-hour wear and is so comfortable on the lips, and all the new formulas are amazing. Everything is clean, vegan, and ready to go global. This means no animal oils, parabens or gluten, and while a list of over 1,600 other ingredients have been banned from being used in products, everything has amazing pigmentation and performance.
LanzaTech, Total and L’Oréal partner to premier the world’s first sustainable packaging
L’Oréal is constantly improving the environmental footprint of its packaging. The company aims to develop new sustainable packaging solutions by converting carbon emissions into polyethylene. It also aims to use this sustainable material in its bottle of shampoo and conditioner by 2024. The most innovative partnership between LanzaTech, Total and L’Oréal has premiered the world’s first sustainable packaging made from captured and recycled carbon emissions. The successful conversion process takes place in three steps: •LanzaTech captures industrial carbon emissions and converts them into ethanol using a unique biological process. •Total, thanks to an innovative dehydration process jointly developed with IFP Axens, converts the ethanol into ethylene before polymerising it into polyethylene that has the same technical characteristics as its fossil counterpart. •L’Oréal uses this polyethylene to produce packaging with the same quality and properties as conventional polyethylene.
It is a technological and industrial success proving that industrial carbon emissions can be used to produce plastic packaging. This demonstrates the commitment of the three partners to the development of a sustainable circular economy for plastics and paves the way for new opportunities for the capture and re-use of industrial carbon emissions.