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Factors Affecting Adoption of Green Consumerism

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Submitted By lopamudra
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Introduction

The Indian market is seeing a paradigm shift in the consumption patterns. The ever-growing middle class is one reason for this change. Population growth and economic development are driving consumption around the world and will continue to do so as billions of consumers – especially in China, India and other emerging economies add to the demand for goods and services. This has resulted in depletion of several valuable natural resources.

Green consumerism refers to recycling, purchasing and using eco-friendly products that minimize damage to the environment. More and more businesses and industries are joining in the green movement, either out of a real interest in saving the planet or a desire to capitalize on the growing consumer demand for greener ways. For example, Wal-Mart anticipates savings to the tune of billions of dollars by reducing packaging across the supply chain and Wells Fargo issues carbon credits to offset its customers' credit card purchases. Very few consumers, who have realized the importance of going green, have been practicing it. For many, the perception about the idea is vague. Many organizations are actively trying to induce a paradigm shift in their green marketing strategies to enable them to reach the consumer. Has their attempt in this endeavour yielded results? The study is aimed at exploring the answers to these questions.

Purpose and Scope of the Study

This study is an attempt to understand the attitude consumers have towards green consumerism particularly with reference to their purchase and consumption patterns and give suitable suggestions based on the findings to enable them to be more environments’ friendly. This Study also is an attempt to explore the problems faced by consumers in adopting green consumerism and reach out to them for solution. This concept is gaining more importance day

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