by Publication repost, on Oct 30, 2019
Author l Happi.com
Market intelligence agency Mintel has marked “Sub-Zero Waste“ as a critical trend set to impact global beauty and personal care markets in the coming years.
The zero waste philosophy is gaining momentum as more consumers are affected by natural disasters and dwindling natural water resources. Better informed consumers will no longer tolerate egregious waste like the Great Pacific Garbage Patch, a direct consequence of years of indiscriminate abuse of single-use plastics. Moving forward, focusing efforts on reducing packaging is not enough. There is far greater potential for “out-of-the-box” thinking from manufacturers and brands at every stage of the beauty supply chain.
Over the next five years, the focus on sustainability will reach new heights around the world as environmentally conscious consumers look for ways to reduce waste in all aspects of their lives, including their beauty and personal care routines. Brands that purposely create limited shelf life products or encourage overconsumption run the risk of consumer backlash. Consumers will demand that brands be more environmentally responsible and take accountability for their actions.
Andrew McDougall, associate director, Mintel Beauty & Personal Care, discussed how the “Sub-Zero Waste” trend is set to influence the beauty and personal care industry worldwide. “Sub-Zero Waste is not just a trend; it’s a movement towards a ground-shaking new archetype for the beauty and personal care industry. Some companies are already discussing completely removing packaging from the equation. Whether reducing or eliminating waste altogether, if brands don’t change their approach now, they will become insignificant and may not exist in the future. Brands that place current profits ahead of making the necessary investment in zero waste and sustainability will not be around in the future.”
He continued to say that some indie brands have the upper hand with regard to sustainable beauty, “as they have built their business practices around ethics and environmentally friendly practices. Larger brands must adopt new practices in order to catch up with these smaller, more nimble competitors. Consumers today are paying a lot more attention to their impact on the planet and climate change calls are more drastic than ever before. A bigger-picture focus is needed throughout the beauty and personal care industry supply chain for a true zero-waste mentality.”
