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Packaging, the beauty industry’s new arms race

The most common critique of luxury beauty is that we’re just “paying for the packaging”. The cream or lotion inside, so we’ve been told, is but a sliver of the total cost, and the inflated markup is thanks to the sophisticated pumps, nozzles and spatulas that dispense the product. Which is why the past few years have given rise to brands that have done away with the bells and whistles of traditional beauty packaging, offering potent formulations for a fraction of the price. This, combined with increased competition from independent disruptors, and growing demand for sustainability, has provoked a beauty packaging arms race between the world’s cosmetics giants. And in an industry that’s projected to grow to £131bn by 2025, there’s plenty at stake. Brands are increasingly keen to offer options to offset their plastic use – Deciem, Caudalie and L’Occitane all have in-store drop-offs in partnership with TerraCycle, which specialises in hard-to-recycle packaging and materials. And all accept recyclables from any beauty brand, not just their own.