7 Sustainable Packaging Trends Your Brand can Choose in 2020
Brands face new challenges everyday as consumers become increasingly aware of the social and environmental consequences of the choices they make in the marketplace. One of the biggest shifts in consumer behavior has been with respect to eco-friendliness. Buyers today not only want to make sure that a product (packaging) was manufactured through a green process, but they also demand that the carbon footprint of the entire consumption cycle is minimised.
A 2019 survey of millennial shoppers in the US found that 64% of them are willing to pay more for eco-friendly products and 78% are influenced by a company's commitment to reducing pollution. This trend is perhaps stronger in India as a report by leading management consultancy firm AT Kearney last year showed consumers in the country are willing to pay more for environmentally friendly or socially-minded brands across categories such as automobiles, apparel, personal care, fresh and packaged foods.
Source: 2019 EcoFocus Trend Survey