U.S. consumers and Fortune 1000 executives skeptical about corporate commitment to sustainability
Packaging Digest
U.S. consumers and Fortune 1000 executives doubt there is widespread commitment to “go green” among corporate America, according to the 2010 Gibbs & Soell Sense & Sustainability Study released today.
The study was conducted online in July 2010 by Harris Interactive among 2,605 U.S. adults and 304 Fortune 1000 executives on behalf of Gibbs & Soell, a global independent public relations firm with communications expertise in advanced manufacturing, energy, greentech, and sustainable industries. Key findings include the following:
* Corporate America has embarked on its journey toward sustainability, but still draws public skepticism. Only 29% of executives and 16% of consumers believe that a majority of businesses (“most,” “almost all,” or “all”) are committed to “going green” – defined as “improving the health of the environment by implementing more sustainable business practices, and/or offering environmentally-friendly products or services.” Many executives (54%) and consumers (48%) believe only “some” businesses are committed to “going green.”
* Financial inefficiency, market reluctance and unclear measurement are impeding the path to corporate sustainability. Executives cite insufficient return on investment (78%), consumers’ unwillingness to pay a premium for green products or services (71%), and difficulty in evaluating sustainability across a product life cycle (45%) as the top barriers to more businesses “going green.”
* Shared duties reflect the nascent stage at which many businesses are organizing their human capital around a sustainability strategy. While more than two-thirds of executives (69%) indicated their companies have people responsible for sustainability or “going green” initiatives, most have merely added responsibilities for green efforts to the primary duties of a team of individuals (35%), or a C-suite or another senior level position (15%). Only about one in 10 say they have a C-suite or other senior level title/position dedicated solely to sustainability (12%), while 31% noted there is no one at their organization who is primarily or partially responsible for green initiatives.
Founded in 1971, Gibbs & Soell develops and implements communications strategies to engage consumer and business audiences across a broad array of industries. Its rich history includes successfully launching and guiding the growth of green products and technologies, manufacturing processes and business practices, including energy-efficient building systems, nature-based plastics and chemicals, biofuels, water conservation, and plastics recycling.
“This general skepticism about the corporate commitment to environmental stewardship represents a critical communications challenge for business leaders,” stated Ron Loch, senior vice president-greentech and sustainability practice, Gibbs & Soell. “Closing this credibility gap is going to require actions and communications that connect with key stakeholders. Having a dedicated staff and line item budget for green initiatives is an important step in making believers of employees, customers, and investors. For connecting with consumers, it means transparency and consistency of message.”
“There is a wealth of evidence indicating the business value of pursuing sustainability. This study highlights the need for chief executives to evaluate the messages they are sending and to equip themselves with a communications strategy that addresses their organization’s full range of stakeholders in order to chart a more direct path toward sustainability and business growth,” Loch said
Wednesday, August 11, 2010
Monday, August 9, 2010
Packaging materials: US microwave packaging market to reach US$2.5 Billion by 2015, says report
Packaging Digest, 6/14/2010
Having witnessed deceleration in its growth over the last few years, the US market for microwave packaging is expected to reach US$2.52 billion by 2015. Growth in the short to medium term period will be driven by factors such as the trend towards take-home and packaged convenient frozen foods, increasing popularity of microwaveable foods and innovation in product offerings.
Consumers’ desire for food solutions, which are quick, efficient, time saving, and designed to simplify an elaborate food preparation, has been long driving technology developments in consumer electronics geared towards delivering the utmost level of convenience.
Microwave ovens, which during 1970s, invited lot of skepticism from wary skepticism by wary consumers unwilling to sacrifice quality, flavor or taste of foods, is today an indispensable part of every American household. The massive levels of market penetration witnessed for this consumer appliance, over the years, is the result of continued incremental improvements made in microwave technology. Against this backdrop, microwave packaging too has developed into a highly accepted and convenient packaging technology.
Growth in the US microwave packaging market has been decelerating over the last few years due to the trickle down effect of the tough business environment in the upstream packaging industry. Recession induced trends, such as reduced investments on new microwave packaging machinery and equipment, and lesser availability of financial resources for research and development have stifled innovation in this industry. However, with the recession at its tail’s end, a quick resurgence of growth is on cards, as companies start re-investing in technology development and new applications.
This represents a critical trend for the market’s inherent growth, given that packaging for microwaveable foods is extremely innovative and targeted to meet specific consumer requirements and unique food processors’ needs. Although, the performance of microwave packaging market for the years 2008 and 2009 has been quite lethargic, the trend towards take home food packaging has been the saving grace. Take home foods especially in the frozen foods category has been witnessing resilient growth against a backdrop of compromised consumer spending on consumer-packaged goods (CPG).
Microwave Packaging: A US Market Report
As stated by the new market research report on the US Microwave Packaging market, the frozen foods market has been the largest end-use segment for microwave packaging, contributing a share of about 57.83% in the total market revenue for the year 2009, while the fresh prepared foods market, remains the fastest growing end-use segment over the analysis period 2007-2015. By product type, microwavable foldable cartons and Trays have been the most prominent product segments.
Key players in this marketplace include American Packaging Corporation, Ampac Packaging, LLC, Associated Packaging Technologies, Inc, Amcor Limited, Bemis Company, Inc., Berry Plastics Corporation, E. I. Du Pont De Nemours And Company, Graphic Packaging Holding Company, Huhtamaki Oyj, Mullinix Packages, Inc., Packaging Concepts Inc., Printpack Inc., Rock-Tenn Company, Fold-Pak, Rexam Plc, Sealed Air Corporation, Silgan Holdings, and onoco Products Company among others.
The report titled “Microwave Packaging: A US Market Report” announced by Global Industry Analysts, Inc., provides a review of noteworthy market trends and growth drivers. The report in addition also enumerates product introductions, recent acquisitions, and other strategic industry activities. The report offers latent demand estimates and projections in value sales (in US$ million) for the US Microwave Packaging market by product segments, such as, Trays, Folding Cartons, Cups, Tubs, & Bowls, Bags & Pouches, Sleeves and Others and by Packaging Application such as Fresh Prepared Foods, Frozen Foods, Shelf-Stable Meals and Others.
For more details about this market research report, please visit –
http://www.strategyr.com/Microwave_Packaging_Market_Report.asp
SOURCE: Global Industry Analysts, Inc.
Having witnessed deceleration in its growth over the last few years, the US market for microwave packaging is expected to reach US$2.52 billion by 2015. Growth in the short to medium term period will be driven by factors such as the trend towards take-home and packaged convenient frozen foods, increasing popularity of microwaveable foods and innovation in product offerings.
Consumers’ desire for food solutions, which are quick, efficient, time saving, and designed to simplify an elaborate food preparation, has been long driving technology developments in consumer electronics geared towards delivering the utmost level of convenience.
Microwave ovens, which during 1970s, invited lot of skepticism from wary skepticism by wary consumers unwilling to sacrifice quality, flavor or taste of foods, is today an indispensable part of every American household. The massive levels of market penetration witnessed for this consumer appliance, over the years, is the result of continued incremental improvements made in microwave technology. Against this backdrop, microwave packaging too has developed into a highly accepted and convenient packaging technology.
Growth in the US microwave packaging market has been decelerating over the last few years due to the trickle down effect of the tough business environment in the upstream packaging industry. Recession induced trends, such as reduced investments on new microwave packaging machinery and equipment, and lesser availability of financial resources for research and development have stifled innovation in this industry. However, with the recession at its tail’s end, a quick resurgence of growth is on cards, as companies start re-investing in technology development and new applications.
This represents a critical trend for the market’s inherent growth, given that packaging for microwaveable foods is extremely innovative and targeted to meet specific consumer requirements and unique food processors’ needs. Although, the performance of microwave packaging market for the years 2008 and 2009 has been quite lethargic, the trend towards take home food packaging has been the saving grace. Take home foods especially in the frozen foods category has been witnessing resilient growth against a backdrop of compromised consumer spending on consumer-packaged goods (CPG).
Microwave Packaging: A US Market Report
As stated by the new market research report on the US Microwave Packaging market, the frozen foods market has been the largest end-use segment for microwave packaging, contributing a share of about 57.83% in the total market revenue for the year 2009, while the fresh prepared foods market, remains the fastest growing end-use segment over the analysis period 2007-2015. By product type, microwavable foldable cartons and Trays have been the most prominent product segments.
Key players in this marketplace include American Packaging Corporation, Ampac Packaging, LLC, Associated Packaging Technologies, Inc, Amcor Limited, Bemis Company, Inc., Berry Plastics Corporation, E. I. Du Pont De Nemours And Company, Graphic Packaging Holding Company, Huhtamaki Oyj, Mullinix Packages, Inc., Packaging Concepts Inc., Printpack Inc., Rock-Tenn Company, Fold-Pak, Rexam Plc, Sealed Air Corporation, Silgan Holdings, and onoco Products Company among others.
The report titled “Microwave Packaging: A US Market Report” announced by Global Industry Analysts, Inc., provides a review of noteworthy market trends and growth drivers. The report in addition also enumerates product introductions, recent acquisitions, and other strategic industry activities. The report offers latent demand estimates and projections in value sales (in US$ million) for the US Microwave Packaging market by product segments, such as, Trays, Folding Cartons, Cups, Tubs, & Bowls, Bags & Pouches, Sleeves and Others and by Packaging Application such as Fresh Prepared Foods, Frozen Foods, Shelf-Stable Meals and Others.
For more details about this market research report, please visit –
http://www.strategyr.com/Microwave_Packaging_Market_Report.asp
SOURCE: Global Industry Analysts, Inc.
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