SK Chemicals and Cosmax Join Hands to Expand Sustainable Material Cosmetic Containers

Global No.1 ODM Company Cosmax
Recommends Sustainable Material Containers to Over 1,000 Brands

SK Chemicals is joining hands with Cosmax to promote 'sustainable materials' in the global cosmetics market.

On the 24th, SK Chemicals and Cosmax signed a "Business Agreement to Establish a Collaborative Model for Cosmetic Container Proposals." Namjoong Kim, Executive Director of Domestic Marketing at Cosmax (left), and Hyunseok Kim, Head of Business Development at SK Chemicals (right), are posing for a commemorative photo. Photo by SK Chemicals

On the 25th, SK Chemicals and Cosmax announced that they have signed a Memorandum of Understanding (MOU) to establish a 'cosmetics container proposal cooperation model' applying sustainable plastic materials that contain recycled raw materials or are recyclable as PET after use.

Cosmax is the world's number one cosmetics research, development, and manufacturing (ODM) company. ODM develops new products based on its technological capabilities and proposes them to brand companies, proceeding to final delivery under the cosmetics company's brand.

Cosmax, which has over 1,000 clients including global major brand L'Or?al, provides a 'Trend Box' that proposes cosmetics contents, containers, and concepts in finished product form.

Under this agreement, both companies plan to actively cooperate in developing various eco-friendly cosmetic containers using SK Chemicals' sustainable materials and proposing these materials and containers to cosmetics brand companies.

Cosmax plans to produce cosmetic prototypes using SK Chemicals' sustainable material containers for client promotions. Cosmax's new products contained in eco-friendly cosmetic containers will be introduced to cosmetics brand companies worldwide through overseas beauty fairs and the Trend Box. As the global cosmetics industry is expanding the use of recycled plastics and eco-friendly materials, the green material cosmetic containers developed through this collaboration are expected to attract the attention of brand companies.

Additionally, SK Chemicals will support container development and mold production for Cosmax's cosmetic container manufacturing partners to use sustainable materials through the plastic circular ecosystem platform 'EUUM.' Through this, Cosmax plans to expand its lineup of cosmetic containers that can be proposed with sustainable materials and establish a system to produce them immediately upon orders from cosmetics brand companies.

SK Chemicals' sustainable materials are key materials connecting the plastic circular ecosystem, composed of recycled raw materials or recyclable materials as PET. The sustainable materials lineup includes the 'Ecotria CR series (chemical recycling)' using chemically recycled raw materials, the 'Ecotria R series (physical recycling)' using recycled PET raw materials (PCR), and the 'Claro' lineup, which can be recycled as PET after consumer use.

According to UK research firm TechNavio, the global cosmetics container market was valued at $32.2 billion (approximately 38 trillion KRW) in 2020, and global cosmetics brand owners such as L'Or?al and Est?e Lauder have declared a shift to recycled or recyclable packaging materials, raising expectations for the expansion of the recycled material cosmetics container market by both companies.

Namjoong Kim, Executive Director of Domestic Marketing at Cosmax, stated, "There is a growing demand for container materials that are recyclable and reusable, especially among global cosmetics companies. We plan to enhance customer satisfaction with high-quality cosmetics and eco-friendly containers made from sustainable materials."

Hyunseok Kim, Head of Business Development at SK Chemicals, said, "Interest in so-called green beauty is increasing among domestic and overseas customers due to global warming and environmental pollution issues. We will do our best to target the eco-friendly packaging market by creating a value chain connecting chemical companies, container production, and brands together with Cosmax."

This content was produced with the assistance of AI translation services.