TAGS: Sustainability and Bioplastics Medical
SK chemicals aims to enter the medical packaging market by unveiling a circular recycling solution at the MD&M exhibition. It is taking place in Anaheim, USA from the 6th to the 8th of this month.
To Exhibit Materials Applying Circular Recycling Technology
MD&M is a major exhibition in the United States for the medical device and manufacturing industry. It showcases innovative technologies and products related to medical device design and manufacturing. The event serves as a gathering for healthcare industry professionals, manufacturers, and stakeholders. It allows them to explore the latest technologies and trends, facilitating the exchange of information on new products and services. This in turn contributes to the innovation and development of the medical device industry.
At the exhibition, SK chemicals will showcase its conventional polyester used in medical items such as PPE and medical device packaging. It will also showcase materials applying circular recycling technology, such as SKYPET CR and
ECOTRIA CR.
In a strategic move to address the increasing demand for recycled plastics in the medical device industry, SK chemicals plans to further solidify its longstanding partnership with Pacur, LLC. Pacur is a US custom sheet extruder, with a primary focus on sustainable solutions for medical device packaging. This initiative begins with the upcoming exhibition. Pacur will exhibit products incorporating SK chemical's materials. Detailed explanations about these materials will be provided at SK chemical's booth. Future collaborations between SK chemicals and Pacur include the development of products based on recycled materials, such as SKYPET CR BL (containing 98.5% recycled content), and ECOTRIA Series.
Related read: Decoding Medical-grade Plastics: Exploration & Selection
Collaborations for Sustainable Solutions
The medical equipment market has been growing along with the increasing incidence of chronic diseases. This is consequently driving the growth of the medical packaging market. According to market research by Vantage Market Research, the medical packaging market, which was $24.43 billion in 2022. It is expected to grow at an average annual rate of 6.2%, reaching $39.53 billion by 2030. SK chemicals' expansion in the medical packaging market is anticipated in light of these trends.
Jason Eckel, senior vice president of Sales and Marketing at Pacur, expressed, "
The strategic collaboration with SK chemicals represents a substantial opportunity for diversifying our portfolio of sustainable solutions for medical device packaging, leveraging the supply of SK's recycled materials."
Kim Eung-soo, head of the Green Materials Business Division at SK chemicals, mentioned, "
The collaboration with Pacur, a leading company in the US medical packaging sector, will serve as a crucial milestone in enhancing sustainability in the medical packaging field." He added,
"We will exert more efforts to expand the supply of recycled materials in the medical packaging sector in the future."
It's worth noting that SK chemicals established its subsidiary, SK Shantou, last year. The company also acquired Shuye, a Chinese green materials specialist. The acquisition was to create a global hub for recycled plastics business, ensuring a stable production system.
Following the application of circular recycling materials in products such as water bottles and food containers, and collaborations with companies like Korea Kolmar, Cosmax, and Yonwoo for cosmetic containers, SK chemicals continues to expand the scope of applications for recycling solutions.
Source: SK chemicals
