When shopping online and in-store, it's easy to notice eco-friendly products are usually priced higher than their non-environmentally friendly counterparts.
But does that mean being eco-friendly is more expensive? In this post, I'd like to go over why eco-friendly products usually cost more, and if being eco-friendly is expensive.
The price increase in most eco-friendly products is attributed to three main reasons:
- Fair labor, ethical practices, and sustainably sourced materials cost more.
- Eco-friendly products are not in as high demand as traditional products at this moment in time.
- Many environmentally friendly products are more costly up-front but save money in the long run.
Many eco-friendly products, such as organic coffee, for example, tend to cost more due to the production and labor costs attributed to the product.
Fair wage laborers are an extra expense for companies, as well as growing and sourcing raw organic materials, that don't use chemical pesticides or other nasty ingredients.
The price of said products reflects these added costs, but also the better quality, from the product itself to the packaging it comes in.
Because of this price difference, eco-friendly products tend to have a lower demand. These types of products can be a lot cheaper once they become more popular, since the law of supply and demand states:
As the price of goods increase, demand decreases; conversely as the price of goods decrease, demand increases.
By purchasing eco-friendly products, you are letting suppliers know you demand this product. This, in turn, will let suppliers know to manufacture more, reducing the overall costs and end price.
Not only that but by purchasing such products, you're endorsing great causes and ethical practices such as fair trade, fair wages, organically grown ingredients, use of recycled materials and much more!
Regarding the last point, many eco-friendly items are meant to be reused again and again to replace their single-use counterparts.
Take our reusable sanitary pads as an example. They are made with natural bamboo and charcoal and don't contain any chemicals. This, in turn, sets their retail price higher than conventional disposable pads.
But by adding up how much money you spend a year on sanitary pads compared to the price of our reusable ones, the eco-friendly version of this product pays for itself ten times over!
Another example is our reusable coffee capsules. The average cost of a capsule ranges between 10 to 20 cents. This in turn as astronomically increased the cost of coffee beans per Kg to anywhere from 18$/Kg to over 60$/Kg. A reusable coffee capsule can bring this cost per Kg back down to 4$/kg or 5$/kg for store-bought ground coffee beans.
There are plenty of other reusable products that can help you save the environment and help you save money, thanks to the drastically increased value these products bring.
Up until now, I've spoken mainly about eco-friendly products and how they tend to be more expensive up-front but overlooking the price, it's easy to see how they can help you save money over time, as well as the environment.
Being eco-friendly doesn't have to be expensive, and if done right, it can even save you money!
Analyzing what you use around the house, think of ways you can turn disposable items into reusable ones. Stop using tissues and start using handkerchiefs.
Provide used products with a new lease of life by giving it another function. Use old toothbrushes to take mud off your shoes or detail your car.
And finally, stop buying products you don't need!
Being eco-friendly doesn't have to be expensive. On the contrary, it can be very cost-effective. It just takes a bit of creativity.