Green marketing is the marketing of products that are presumed to be environmentally safe. Green marketing incorporates a broad range of activities, including product modification, changes to the production process, packaging changes, as well as modifying advertising. This concept has enabled for the re-marketing and packaging of existing products which already adhere to such guidelines. All the countries are taking necessary steps to implement the environmentally friendly products to save the earth. This research paper discusses how businesses have increased their rate of targeting green consumers, those who are concerned about the environment and allow it to affect their purchasing decisions. This paper also examines the present trends of green marketing in India, explores the challenges and opportunities businesses have with green marketing.
3. INTRODUCTION
Green marketing is the marketing of
products and services based on
environmental factors or awareness.
Companies involved in green
marketing make decisions relating to
the entire process of the company's
products, such as methods of
processing, packaging and
distribution.
4. INTRODUCTION
Green marketing companies seek to go
above and beyond traditional marketing
by promoting environmental core values
in the hope that consumers will associate
these values with their company or
brand.
Engaging in these sustainable activities
can lead to creating a new product line
that caters to a new target market.
5. DEFINITION OF
GREEN MARKETING
According to the American marketing association it
has been interpreted or defined in three ways
Retailing: the marketing of products that are
presumed to be environmentally safe.
Socially marketing: the development and marketing
of products designed to minimize negative effects
on the physical environment or to improve its
quality.
Environment: the effort by organization to
produce, promote, package and reclaim products in
a manner that is sensitive or responsive to
ecological concerns.
6. DEFINITION OF
GREEN MARKETING
Pride and Ferrell (1993): green marketing, also
alternatively known as environmental marketing
and sustainable marketing, refers to an
organisation’s efforts at
designing, promoting, pricing and distributing
products that will not harm the environment.
Polonsky (1994): defines green marketing as all
activities designed to generate and facilitate any
exchanges intended to satisfy human needs or
wants, such that the satisfaction of these needs and
wants occurs, with minimal detrimental impact on
the natural environment.
7. GREEN MARKETING MIX
Product: The ecological objectives in planning
products are to reduce resource consumption and
pollution and to increase effective utilisation of
scarce resources.
Price: Prices for such products may be a little
higher than other products because of higher
quality of ingredients.
Place: The choice of where and when to make a
product available will have significant impact on the
customers. Very few customers will go out of their
way to buy green products.
Promotion: A communication with the market should
put stress on environmental aspects.
10. GREEN PRODUCTS
The products those are
manufactured through green
technology and that caused no
environmental hazards are called
green products.
Promotion of green technology and
green products is necessary for
conservation of natural resources.
11. CHARACTERISTICS OF GREEN
PRODUCTS
Products those are originally grown,
Products those are recyclable, reusable and
biodegradable,
Products with natural ingredients,
Products containing recycled contents, non-toxic
chemical,
Products contents under approved chemical,
Products that do not harm or pollute the
environment,
Products that have eco-friendly packaging i.e.
reusable, refillable containers etc.
12. GREEN MARKETING TRENDS IN
INDIA
Organizations perceive environmental marketing as
an opportunity to achieve its objectives.
Firms have realized that consumers prefer products
that do not harm the natural environment as also
the human health.
Firms marketing such green products develop a
competitive advantage, simultaneously meeting
their business objectives.
Organizations believe they have a moral obligation
to be more socially responsible. Firms in this
situation can use the fact that they are
environmentally responsible as a marketing tool.
13. CHALLENGES OF GREEN
MARKETING IN INDIA
NEW CONCEPT
New concepts are not easy to reach
very quickly to the consumers. They
need to take more time to reach the
consumers. When consumers
understand the new concept, then only
they are going to accept the new
concept. Otherwise the new concept
will be facing a big challenge.
14. CHALLENGES OF GREEN
MARKETING IN INDIA
NEED FOR STANDARDIZATION
There is no standardization to
authenticate these claims. There is no
standardization currently in place to certify a
product as natural. Unless some regulatory
bodies are involved in providing the
certifications there will not be any verifiable
means. A standard quality control board
needs to be in place for such labelling and
licensing.
15. CHALLENGES OF GREEN
MARKETING IN INDIA
PATIENCE
The investors and corporate need view the
environment as a major long-term investment
opportunity, the marketers need to look at the long-
term benefits of this new green practices. It will
require a lot of patience and no immediate results.
Since it is a new concept and idea, it will have its
own acceptance period. After the acceptance
period automatically the concept reaches to the
consumers. So up to that period the investors need
to wait.
16. CHALLENGES OF GREEN
MARKETING IN INDIA
AVOIDING GREEN MYOPIA
The first rule of green marketing is focusing
on customer benefits with safe. It is not
going to help if a product is developed
which is absolutely green in various aspects
but does not pass the customer satisfaction
criteria. This will lead to green myopia. Also
if the green products are priced very high
when compared with other products, then
again it will lose its market acceptability.
17. CHALLENGES OF GREEN
MARKETING IN INDIA
HUGE INVESTMENT FOR TECHNOLOGY
The new technology will be high cost were
the ordinary machine technology. So the
investors are not ready to invest more
amounts and not ready to take risks.
18. COMPANIES PRACTICING GREEN
MARKETING IN INDIA
Most of the companies are practicing green
marketing in their products and some of them are
as follows:
Lead Free Paints from Kansai Nerolac.
L.G. introduced Battery operated TV.
Samsung recently launched solar mobile Guru.
Wipro has launched a new range of desktops and
laptops called Wipro Green ware (reducing e-waste
in the environment).
ITC Paperkraft’s introduced premium range of eco-
friendly business paper
19. GOLDEN RULES OF GREEN
MARKETING
KNOW YOUR CUSTOMER
EMPOWER CONSUMERS
REASSURE THE BUYER
CONSIDER YOUR PRICING
20. CONCLUSION
Green marketing should not be considered as just
one more approach to marketing, but has to be
pursued with much greater force, as it has an
environmental and social dimension in it.
Marketers also have the responsibility to make the
consumers understand the need for and benefits of
green products as compared to non-green ones.
In green marketing, consumers are willing to pay
more to maintain a cleaner and greener
environment.
Green marketing assumes even more importance
and relevance in developing countries like India.