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CPG Packaging Trends That You Should Know
Your CPG brand has on average a few seconds to make a good impression before the customer moves on to the next option. Effective and appealing packaging design not only makes it more likely for one product to be chosen over alternatives, but it also reflects on the values of the brand. This is what makes packaging design just as important as the product itself. It has a major influence over the buying decisions of consumers. I provide 10 CPG packaging trends that can definitely help positively impact a brand’s sales activity.
Product Features Alone Won’t Win in Today’s Market
You’ve likely heard me say countless times that a “great product is only the entry fee to compete in today’s functional CPG market”, but what’s at the heart of that statement? The hard truth is that there has never been as many functional CPG brands and products as there are today, so if you think the answer to winning in today’s market is adding more product features than you’re in trouble.
Supplement Industry Mirage: Low Barriers to Entry
The often-cited low barriers to entry within the supplement industry are starting to disappear, as the cost of starting a brand, growing a brand, and sustaining brand equity have increased substantially in the last few years.