The merger between International Flavors & Fragrances and DuPont Nutrition and Biosciences will be carved into four divisions, with ‘scent’ the most important for the beauty world.
The merger between International Flavors & Fragrances and DuPont Nutrition and Biosciences creates a monopoly in fragrances that will shake-up global supplies for beauty and personal care, says Euromonitor International.
Rising consumer concern and regulatory changes have left personal care formulators with a shrinking portfolio of acceptable preservatives but blends and naturally-derived alternatives provide industry opportunities, say Symrise and DuPont.
The consolidation of these US chemical corporations will be a game changer for the personal care and cosmetics industries and have staggering economic implications on a regional, national, and global scale.
Eco-friendly packaging specialist Plantic will soon be entering the
US market as part of a development, marketing and branding
agreement with chemical firm DuPont.
