The event also enabled trade visitors to learn from over 120 world-class industry experts, who shared insights on the latest technologies, rules and regulations, packaging, and market trends at the PCHi Conference.
Statista reported that the expected revenue from China’s Cosmetics and Personal Care market will amount to over US$39 million in 2018, and it is expected to grow annually by 6.5% (CAGR 2018-2021). The potential of China’s cosmetics and personal care industry remains positive and this healthy potential further underscores the growing importance of the country’s market within the global personal care industry.
“PCHi’s growth — whether in size, attendance, or quality — reflects its firm presence in the global personal care industry,” revealed Joe Zhou, vice president/CFO at RSE. “The event’s popularity is representative of China’s rapidly developing cosmetics ingredients industry. And as the first major event of the calendar year, we’re honoured to set the pace of business innovation for the rest of the year. We look forward to working with even more international industry players to boost not only the domestic market, but the larger global personal care scene as well.”
Over the three-day event, attendees had the opportunity to explore the best ingredients, machinery, packaging, and related services that the global personal care industry had to offer. Both exhibitors and attendees walked away satisfied with the quality of the connections forged and content offered.
PCHi’s burgeoning importance as a choice sourcing platform for the global personal care industry was also evident in the growing representation of international exhibitors and attendees.
The PCHi Conference also received positive feedback from attendees. This year, several new topics were added in response to the latest developments in the market. Attendees reflected that the topics offered accurately captured the needs of the industry, and the sizable turnout was evidence of RSE’s sensitivity to industry trends.
PCHi Fountain Awards round-up
The PCHi Fountain Awards Ceremony, held on 19 March, saw representatives of participating exhibitors and industry associations, as well as VIPs, join in the recognition of the innovation-led developments in the industry over the past year.
This year, RSE received over 100 entries from companies who hoped that their leading-edge developments would receive a nod from the Fountain Awards’ judging panel. The jurors consist of experts from nine authoritative organisations, prestigious universities, and companies including International Federation of Societies of Cosmetic Chemists (IFSCC), China Food & Drug Administration (CFDA) Cosmetics Standard Expert Committee, China Association of Fragrance Flavour and Cosmetic Industries (CAFFCI), Beijing Technology and Business University, and Shiseido etc. Winners across the categories shared strong sentiments of appreciation and renewed determination to continue in their endeavours towards innovation.
Speaking at the ceremony, Mr Li Huiliang, chairman, Cosmetics Science and Technology Innovation Committee, explained: “What sets the Fountain Awards apart is the fact that it is a non-commercial award. That is to say, in the selection process, we select candidates from an extensive range of nominations, and then carefully review each company’s submission and accompanying materials. All our experts on the judging panel independently assess and review the information before coming to a decision. Also, in order to ensure fairness, openness, and full transparency, we chose to withhold the identities of our judging panel throughout the review process, and only revealed these details at the awards ceremony.”
Rejuvenated poised for the journey ahead
Throughout the venue, RSE prominently communicated three key factors that contributed to the favourable reception PCHi had enjoyed over the last decade.
- PCHi Secret underlines the secret of PCHi’s success and growth since its inception — the latest cutting-edge products and technologies, which never fail to inspire and spur the industry to continue its endeavours to create and innovate. Apart from booths, the New Technology Session and New Product Showcase are two characteristic platforms that PCHi offers to feature such products and technologies
- PCHi Power refers to the power of PCHi, supported by a panel of authoritative industry experts who share their combined wealth of knowledge and expertise to quench the industry’s thirst to learn. This makes PCHi the choice platform not only for sourcing, but also for knowledge exchange. The solid content delivered by the prolific panel of speakers at the PCHi Conference is a vital part of PCHi’s power-packed offering at each edition.
- PCHi Spirit highlights the spirit of innovation and the quest for excellence and quality, which PCHi desires to imbue in its attendees. This is underscored by the industry-acclaimed Fountain Awards, which celebrates significant contributions that companies and individuals have made to the personal care industry through their innovations.
Peter Liu, PCHi project manager at RSE, shared: “Staying true to its roots is something that RSE firmly believes in, and with the rapid developments in the industry, these core values have become extremely crucial in helping us create and maintain a high-quality event for our valued exhibitors and visitors.”
This successful conclusion of the 11th PCHi also signals the return of the PCHi Technology Summit, which will be held in Guangzhou, China, in Autumn this year. The second edition of the summit aims to provide trade professionals with a specialised platform for key discussions on market trends and issues. The summit also offers deeper insights to domestic market status, industry trends, and technical insights, and promotes closer collaborations within the industry
With the advent of a new decade in the personal care industry, RSE is expanding its portfolio through a new partnership with the China Cleaning Industry Association (CCIA), to co-organise two events — China International Cleanser Ingredients, Machinery & Packaging Expo (CIMP) and Clean China — later this year. The colocated shows for the home care industry will be held from 20 to 22 November 2018 at Zhuhai International Convention & Exhibition Center.
Zhou concludes: “By spurring companies towards a greater emphasis on R&D and cutting-edge technologies, PCHi aspires to create a positive impact in propelling the industry forward. We’ll continue to work towards inculcating a stronger spirit of innovation and excellence through a myriad of professional trade platforms.”
The 12th edition of PCHi will be held from 26 to 28 February 2019 at the Guangzhou Poly World Trade Center, China.