📺 Stream EntrepreneurTV for Free 📺

Why Franchisors Should Switch To Plant-Based Packaging Enhancing the Brand in Fierce Competition

By Franchise India Staff

This story originally appeared on Franchise India

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Franchise India

Finding solutions to the world's plastic problem is an uphill battle. As it stands, India is manufacturing approximately 300 million tons of plastics around the world every year, and this number continues to grow. Along with plastic, comes waste management issue where about 43% of the used plastics are disposed of by landfill and 10-20 million tons end up in oceans.

Franchisors should shift towards plant-based packaging as rising oil cost and growing economies of scale in production will see plant-based packaging becoming more effective in future. Benjamin Punchard, Mintel Global Packaging Analyst, shares, "Lower energy consumption and less CO2 emission makes plant-based packaging suitable for franchisors who desire a better environment for customers."

Safer for the environment

Plant-based plastics are safer for the environment, including the sourcing of raw materials for its manufacturing. Extraction of sugars from plants is a less harmful procedure than the oil drills. Plant-based packaging in comparison with petroleum-based plastics comes with an advantage, they are biodegradable, eventually degrading over time and integrating back into the environment.

Better brand image

By opting for plant-based packaging, franchisors can enhance their brand image in the fierce competition. With the rising health trends, customers are more responsible towards the environment, creating awareness. Therefore, franchisors could start using plant-based packaging to attract customers, increasing their sales.

According to a study, it is reported that this trend is here to stay, benefitting many entrepreneurs. Plastic-based packaging is one such opportunity which can fulfill the franchisors dream of achieving success.

Sustainable business practice

Sustainability is more than a buzzword, which is a way of doing business. It can provide long-term benefits to franchisors, and also to society and the environment. Currently, customers want a brand to interact with them, understanding their vision. Franchisors should adopt for such packaging, creating a sense of brotherhood among the population, ultimately booming your business.

This article was originally published on Franchise India by Shahram Warsi.

Money & Finance

12 Books That Self-Made Millionaires Swear By

The bookshelves of millionaires can inspire you to build your wealth. Here are 12 must-reads they recommend.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Cryptocurrency / Blockchain

The 50 Richest People in Crypto

The richest cryptocurrency holders.

Starting a Business

Clinton Sparks Podcast: Founder of Chuck E. Cheese, Atari Discusses Innovation and His Advice to Young People

This podcast is a fun, entertaining and informative show that will teach you how to succeed and achieve your goals with practical advice and actionable steps given through compelling stories and conversations with Clinton and his guests.

Devices

Stay Focused and Accessible with These $40 Conduction Headphones

These headphones sit on top of your ears, so you can take calls while staying tuned into your surroundings.

Science & Technology

Exploring How Virtual Reality is Changing Startups

Virtual reality's immersive environment is where startup marketing is headed, and early adopters will be the ones who profit.