How plastic-free beauty could ‘futureproof’ your bottom line

How plastic-free beauty could ‘futureproof’ your bottom line

The new research, which was undertaken by NGO Plastic Free and the trend forecasting and consumer insights company Fashion Snoops, is calling time on the “take, make, and throw away” culture of using plastic for FMCG products, and projects an overall annual risk of $100bn by 2040 if companies don’t make the transition away from plastic.

The report argues that going plastic-free can instead offer FMCG businesses “an opportunity for economic growth” and makes recommendations of design strategies that could “enable brands to achieve the protection, convenience and affordability associated with plastic, but by using natural alternatives and integrating reuse and right to repair models.”

Co-founder and CEO of A Plastic Planet and PlasticFree Sian Sutherland, calls the new research and its recommendations “a siren call” and “a rallying cry to the entire creative industry empowering them to rethink systems and materials.”

Indeed, R&D departments at FMCG businesses in Europe are facing a storm of new regulations that often require changes to formulations and or packaging​.

What are the regulations for the cosmetic industry in the EU?

Just some of the new regulations that cosmetics companies that sell products in the EU currently face include:

  • The 2023 Annex VXII updates to the EU’s REACH regulations on hazardous chemicals, which banned the intentional addition of microplastics to products, which covers all synthetic particles below 5mm.
  • EU Packaging and Packaging Waste regulation: a provisional agreement on a set of new regulations to reduce plastic packaging Waste, which include mandating deposit return schemes and eradicating single-use plastic sachets.
  • EU Green Claim Directive, which prevents companies from using terms like ‘environmentally friendly’, ‘natural’, ‘biodegradable’, ‘climate neutral’, and ‘eco’ without quantifiable evidence. It will also implement a complete ban on using carbon-offsetting schemes to substantiate such claims from 2026.
  • And the EU Ecodesign for Sustainable Products Regulation is set to replace the existing Ecodesign Directive, and this will outline a range of requirements for any product manufactured or sold in the region. These include product durability, reusability, upgradability and reparability, the use of recycled content, and Digital Product Passports.

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