FMCG is the fourth largest sector in Indian economy and HPC is the leading segment accounting for 50% of the overall market. The size of the Indian FMCG industry is estimated at USD 49 billion in 2016 and expected to reach USD 103.7 billion by 2020 at CARG of 20.6%.
The recent reduction of GST to 18% by the government in detergents & home care products indicates support and their positive intent. In the medium term, a GST rate of 12% will drive growth to double digits and increase the revenue collection for the government.
Growing awareness, easier access, digital marketing and e-commerce, growth momentum in rural markets & changing lifestyles have been the key drivers for the sector. The HPC industry however, faces several challenges in the areas of sustainability in production, formulations, safe use of ingredients and at packaging fronts. It is in these challenging times that the 5 th ISDC conference was held at Goa with the Theme: “Transformation – A New Normal.” The three day event took place at Hotel Goa Marriott Resort, Panji, Goa from December 10-12, 2017.
The event was supported by members of International Network of Cleaning Product Association (INCPA), Asia Oceanic Soaps & Detergents Association Committees (AOSDAC) and Soap & Detergents Associations from West Bengal, Tamil Nadu, Maharashtra, Gujarat and Chattisgarh.
The inaugural function was held on December 10 th at 6.00 pm and was followed by felicitation of 5 Iconic companies and 5 Distinguished leaders from the HPC industry for their contribution to the industry. The two day business conference and exhibition was held on December 11 & 12 and was organized to facilitate interaction between the HPC industry, National and International players (from over 20 countries) who deliberated on the opportunities and challenges presented in emerging markets. There were 6 Keynotes + 15 speakers who shared their views with the delegates.
The event on day two – December 11 th - besides discussing the dynamics of the HPC industry covered special sessions on “Sustainability, Wellness & Innovations” that focussed on topics of sustainable growth, biodiversity, natural and sensory drivers for wellness and innovative surfactants.
The day three – December 12 th – of the event focussed on challenges and opportunities, technical developments in personal care ingredients, innovations in packaging as well as regional dynamics and future trends. Twenty one eminent speakers from the HPC industry presented their views.
The event was attended by around 300 delegates who also got time for networking with the industry leaders at the Expo held along with the conference. The expo showcased the exhibits by the leading players in the HPC industry.
Here are the glimpses of the conference and expo…..
Glimpses of ISDC 2017