Consumer concern along with greater regulatory pressure means retailers are moving to reduce packaging, and especially plastic packaging.
A BCG survey of 5,000 consumers found nearly 60% said they are less likely to buy products in packaging that is harmful to the environment, and approaching 25% would pay up to 20% extra for products with eco-friendly packaging.
Packaging is a large target, accounting for 65% of household trash and about 10% of the cost of consumer goods. Moreover, the cost of disposing of it is rising, encouraging suppliers and retailers to act. They are pushing four core strategies. Bulk selling, with consumers bringing their own reusable containers is rising. Products are getting more concentrated, allowing for smaller containers. Better design, sometimes with new materials, is allowing lighter containers or greater use of recyclable content. And some products are being sold without packaging, or just a minimal amount, such as with Lush and By Humankind.
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