Binomial Innovates -
Binomial is an innovation consulting firm helping clients be disruption-ready
March 19, 2024
64% of consumers prioritize sustainability according to a survey, and businesses need to take notice. An area where this shift is impacting is packaging. Contrary to the misconception that eco-friendly packaging is boring, there are opportunities for businesses to create visually appealing and innovative packaging solutions. Creative design not only enhances the product's appearance. This combination of artistry and environmental responsibility resonates with consumers and enhances brand value.
Sustainable packaging helps drive the circular economy
The linear "take, make, dispose" model, common in fast-moving consumer goods, food, and electronics industries does not work anymore. This traditional model has led to plastic pollution (particularly in oceans), resource depletion, and environmental degradation. Sustainable packaging is one way to not only benefit the environment but also attract environmentally conscious consumers.
Greener packager can also boost profits
According to the 2023 Buying Green Report, 82% of consumers across age demographics showed a willingness to pay more for sustainable packaging. In addition, consumers increasingly associate sustainability with brand image and selecting eco-friendly packaging is now a strategic business decision.
Some strategies businesses can employ to attain these benefits include:
Short-term Wins:
Long-term Strategy:
The secret is to make eco-friendly packaging beautiful and clever
Eco-friendly packaging does not mean compromising on visual appeal and utility. Creative packaging design can look attractive and improve the consumer experience to create a positive association with the brand. With the earlier Puma case, by using less material in shoeboxes, they save 2,800 tonnes of cardboard per year, which is equivalent to33,600 trees. In 2021, Puma reached 88% of their goal. All paper bags and hangtags in Puma stores are FSC certified, and over 95% recycled paper is used in their shoe boxes.
Case study: Samsung’s carboard boxes upcycled into furniture
In this example, Samsung has introduced 'eco-packaging' made from environmentally friendly corrugated cardboard that can be repurposed into decorative and practical items. Samsung cleverly designed these boxes with a dot matrix pattern on each side, allowing customers to cut and assemble them into different items, such as small tables or even pet houses. The packaging also includes a helpful manual, accessible via QR code, on how to create household items using the cardboard boxes.
Conclusion: Take action now
The shift towards eco-friendly packaging is a strategic move that aligns with consumer values, builds brand loyalty, and contributes to a sustainable future. Consumers already prefer brands that are genuinely sustainable. An easy way to start and stand out is by adding a layer of creativity to sustainable packaging.
Want to figure out how your business can be more sustainable in a strategic way? Get in touch and we can have a chat about short-term wins and long-term plans for you to do well & do good.