With the increasing global concerns over climate, environment, and energy issues, cosmetic sustainability has gained significant momentum throughout the world recently, leading to a boosting market volume. As per Kline Market Research, the sustainable beauty market was estimated at $39 billion in 2019 and could grow by 5.7% to $48 billion in 2024. More and more companies are making sustainability a core principle of their business strategies.
In response to the emerging and promising market, global governments have successively introduced regulations for cosmetic sustainability, such as microbeads ban, eco-label, packaging recycling, etc. During the panel discussion, experts from the Independent Beauty Association (IBA), Cosmed and REACH24H Korea will expound the latest regulatory requirements of sustainable cosmetics in the world’s important beauty markets, as well as the sustainability-related practices and initiatives of some beauty giants, so as to provide references and suggestions for enterprises to enter the race.