Products with sustainability claim on-pack accounted for 16.6% of the market in 2018. They increased share from 14.3% in 2013, delivered nearly $114 billion in sales, up 29% from 2013. Most important, products marketed as sustainable grew 5.6 times faster than those that were not. In more than 90% of the CPG categories, sustainability-marketed products grew faster than their conventional counterparts. But is sustainability just limited to product manufacturing, marketing, and branding? Here are some key points.
Cities across the world are looking into the circular economy concept, recognized as the driver for the much wanted green transition, simultaneously enabling high energy and material efficiency, lower pollution and GHG emissions, and job creation. Cities echo that it is time to accelerate the “reduce, reuse, recycle” mantra by rethinking the approach to development. With their high densities, cities hold the potential to adopt circular, restorative economies where we no longer consider anything to be wasted. Circular Cities, Smart Cities are we properly combining these terms while designing the future cities?
The biofertilizers market is estimated to be valued at USD 2.3 billion in 2020 and projected to reach USD 3.9 billion by 2025, recording a CAGR of 11.6% during the forecast period. The market is driven primarily by the increasing organic farmland as well as the rising acceptance of biofertilizers among farmers. Can India aim to be a significant market driver?