- Showcasing a diverse lineup of copolyesters using Circular
Recycle materials
- Strengthening collaboration with brand owners in targeting
the premium cosmetic container market
SHANGHAI and SEONGNAM, South Korea, May 27, 2024
/PRNewswire/ -- SK chemicals is actively targeting the global
cosmetic container market with Circular Recycle materials. SK
chemicals (CEO Ahn Jae-hyun)
announced on the 27th that it
participated in China Beauty Expo
2024, held at the Shanghai New International Expo Center (SNIEC)
from the 22nd to the 24th.
China Beauty Expo is Asia's
largest beauty exhibition, where global cosmetic brands,
manufacturers, distributors, and related organizations participate
to showcase the latest trends, technologies, and products. This
year, over 3,200 companies from more than 40 countries
participated.
Recently, the cosmetics industry has been paying attention to
the Chinese cosmetics market. According to the 2023 China
Cosmetics Market Industry Development and Consumption Insight
report released by the China Flavors and Essences Cosmetics
Industry Association last year, the market size of China's cosmetics industry in 2023 was
516.9 billion yuan (96.9549 trillion won), a 6.4% increase from the
previous year. It is expected to maintain a steep growth rate of
over 5% annually until 2025. At this exhibition, global cosmetics
companies and local Chinese companies engaged in fierce promotional
competition.
SK chemicals, the No. 1 company in the Chinese copolyester
market, showcased sustainable plastic materials that contain
recycled raw materials or can be recycled into PET after use, under
the slogan Redefining Beauty Packaging for a Sustainable Future, in
line with the recycling trend in the cosmetic packaging market
featured at this exhibition.
A diverse lineup of materials was presented, including the
high-performance Circular Recycle copolyester ECOTRIA CR produced
based on chemical recycling technology and the copolyester ECOTRIA
CLARO that can be classified and recycled into PET after use. These
products attracted a great deal of attention from Expo
visitors.
Furthermore, SK chemicals introduced its core Circular Recycle
technologies, materials, and cosmetic containers that use them, and
also provided a session to introduce materials optimized for
eco-friendly cosmetic containers to global cosmetic brand
officials.
Based on the fact that SK chemicals established the world's
first commercial Circular Recycle material system and realized its
products last March, active collaboration with brand owners is
expected to continue in the future.
Kim Eung-soo, Head of SK chemicals' Green Materials
Business Division, said, "SK chemicals has been consistently
striving to apply sustainable materials as a core material for
premium cosmetic containers. We will continue to lead the market
through close collaboration with global cosmetic brand owners."
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SOURCE SK chemicals