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January 10, 2007
By: TOM BRANNA
Editor
We’re only in January, but 2007 is already shaping up to be a watershed year for the global household and personal products industry. On the top of everyone’s list, of course, is REACH, the new European regulation for chemicals which has many observers warning that REACH could seriously impact marketers’ ability to innovate…not to mention put more than a few suppliers out of business. As has been widely reported, REACH is expected to get underway in the second quarter. Also this year, expect to see more movement on the natural/organics front. With mega-retailer Wal-Mart pushing the envelope, the organics trend has entered middle America in a big way. But going green isn’t limited to beauty counters; household product marketers are making a concerted effort to reduce their impact on the environment too. Procter & Gamble, for example, is testing concentrated laundry detergents across seven of its best-selling lines including Tide, Gain, Era, Dreft and Cheer. To find out more about P&G’s initiative, be sure to read our article on the laundry detergent market. Finally, industry observers expect more retailers to enter the beauty segment with their own brands of cosmetics and personal care products. The move is expected to put even more pressure on traditional cosmetics companies to develop innovative products.
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