An overwhelming majority of consumers now prioritize sustainability when making purchasing decisions. But what exactly drives their choices, and more importantly, how can your brand leverage this shift? Dive into the latest insights from regional as well as global surveys to uncover consumer perceptions of sustainable products, the challenges they face, and actionable steps your brand can take to not only meet but exceed their expectations.
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Recent surveys indicate a growing interest in sustainable products. However, there are some obstacles that prevent buyers from making more eco-friendly choices.
According to the 2023 Consumer Sustainability Survey, nearly three-quarters of U.S. respondents (74%) shopped at a retailer promoting their products as sustainable at least once in the 6 months. Nearly the same proportion of consumers (77%) considered or changed their loyalty to sustainable brands.
However, price is the decisive factor when shopping sustainably for more than half of U.S. consumers.
A survey by Deloitte focusing on the UK market revealed the top three reasons for considering products sustainable:
Nevertheless, when it comes to making a purchase, durability is the most important consideration for 52% of respondents. Similarly, the main reasons preventing people from adopting a more sustainable lifestyle are expensiveness, the lack of interest in this issue as well as the absence of sufficient information.
EY’s Germany-focused survey, too, shows that if a product is too expensive or its sustainability aspect is hard to recognize, it presents an obstacle for shoppers. Deloitte’s results indicate that lower prices (25%), higher income (16%), and labeling of sustainable products (14%) are the main reasons that would motivate respondents to choose more sustainable alternatives.
23% of German consumers said they buy more or almost exclusively sustainable products, with trust, information available and a larger product range being the key factors contributing to this change.
The 2023 Buying Green Report with a global respondent sample showed an increased interest in as well as the willingness to pay more for sustainability. 82% of people would be willing to pay more for sustainable products. Moreover, 71% of people have purchased a product based on its sustainability credentials during the last six months. 76–77% of Gen Z and Millennial respondents prefer buying products in sustainable packaging.
IBM’s global survey presented similar findings. 51% of respondents expressed environmental sustainability was more important to them in 2022 than a year ago. Moreover, almost half of consumers have paid a premium for products labeled as sustainable or socially responsible.
The combination of better quality, greater value for money, and sufficient information about the impact of the purchase would encourage 83% of consumers to buy more sustainable products.
Based on the survey findings, there are three main areas to focus on. The following actions can help you to appeal to consumers who are increasingly conscious about sustainability:
It is crucial to provide information that can be quickly grasped and easily understood during the purchasing process – whether it is product labeling, sustainably curated selection, or filter options in online shops.
Your educational campaigns should go beyond infographics and explanatory blog posts. Try partnering with NGOs, environmental activists, and experts who can add weight to your claims and help spread the message to a larger audience.
Shoppers take not only price but also product parameters into account when looking for sustainable alternatives, including recyclability, biodegradability, or eco-friendly packaging.
While there’s a willingness to pay more for sustainable products, price remains a crucial factor affecting buying behavior. It is known that the cost of these materials is usually higher, but it also depends on the production technology used. At Ecompo, we have managed to reduce the cost of production almost to the price of conventional plastics. Here are other practical steps you can take:
It’s essential, however, to ensure that the higher price is justified by tangible sustainable benefits and not merely greenwashing claims.