Home Consumer Goods Toluna study finds 37% of consumers willing to spend more for eco-friendly...

Toluna study finds 37% of consumers willing to spend more for eco-friendly goods

More than one-third of consumers are willing to seek out and pay up to 5% more for products that are marketed as environmentally responsible, according to a study released by Toluna, a Wilton-based consumer intelligence platform provider.

The Toluna 2019 Sustainability Report polled 1,000 U.S. consumers and found 37% of Toluna eco-friendlyrespondents were willing to spend more on eco-friendly products. For respondents between the ages of 18 and 34, 45% indicated that it is extremely important to buy  goods that are produced in an environmentally friendly way – although only 14% of respondents aged 55-and-over indicated the same opinion.

Among the eco-friendly items that consumers are more likely to buy are cleaning products (42%), drinks (37%), prepackaged food (35%), cosmetics and toiletries (34%), clothing (31%) and automobiles (29%). Furthermore, 34% of respondents believed it is very likely that concerns about environmentally friendly packaging will continue to grow over the next year. The respondents also believed manufacturers will take an increasing eco-friendly approach to the creation of foam packaging (42%), single-use drink containers (39%) and plastic rings (35%).

“Consumers engage with a variety of brands as part of their daily lives,” said Jay Rampuria, executive vice president for global business and corporate development at Toluna. “They have come to expect to see their changing values reflected in the products they use, especially when it comes to the environment. To remain competitive, consumer packaged goods companies must ensure that they not only focus on environmentally friendly products as well as larger corporate operations but also communicate those efforts to younger, more socially responsible consumers as their purchasing power increases.”

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Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 10 books (including the 2020 release "Moby Dick: The Radio Play" and the upcoming "Jesus Christ Movie Star," both published by BearManor Media). He is also the host of the SoundCloud podcast "The Online Movie Show," co-host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.

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