Günter sets deadline of 2010 for new Cosmetics Directive
16 Jan '07
3 min read
Cosmetics are more than just luxury goods. Products of vital importance for the general health, like sunscreens, tooth paste and cleansing preparations are included as well. European companies are the world leader in this market which is growing steadily in the EU and worldwide.
If European companies are to continue to play the leading role in this sector, a more modern and efficient regulatory framework is required. Therefore, the Commission seeks the views of stakeholders, like the industry, consumer organisations and the academic world, on the following aspects:
The European market for cosmetic products is worth approx. 65 billion EUR. There are well over 3000 cosmetics manufacturers in Europe, including a large number of Small and Medium Sized Enterprises (SME's), directly and indirectly employing over 350.000 Europeans. While the growth rate in the EU has been moderate, important new markets are emerging: for example, the annual increase 2004/2005 of the Chinese market was almost 11% and is expected to continue with this pace.