SK chemicals aims to enter the medical packaging market by unveiling a circular recycling solution at the upcoming Medical Design & Manufacturing West 2024 (MD&M) exhibition, held in Anaheim, USA from the 6th to the 8th of this month.
At the exhibition, SK chemicals will showcase not only its conventional polyester used in medical items such as PPE (Personal Protective Equipment) and medical Device Packaging but also 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, a leading 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, and 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.
According to market research by Vantage Market Research, the medical packaging market, which was $24.43 billion in 2022, is expected to grow at an average annual rate of 6.2%, reaching $39.53 billion by 2030.
Jason Eckel, Senior Vice President of Sales and Marketing at Pacur, said: “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, added: “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.”
