It can be observed that Factor 1 includes several key influencing factors, such as Environmental Awareness, Perceived Product Quality, Price Sensitivity, Brand Reputation, and Social Influence. The factor loadings for these variables range from 0.875 to 0.763, indicating their significant contribution to the first factor, which reflects the overall perception of the environmental impact and quality of green products. Similarly, Factor 2 reflects a set of important factors, including Eco-Labeling and Certification, Availability and Accessibility, Perceived Environmental Benefit, Health and Safety Concerns, and Attitude Toward Sustainability. The factor loadings for these variables range from 0.911 to 0.861, demonstrating their strong influence on Factor 2, which is closely associated with consumer trust in green product certifications, accessibility, and sustainability values. Finally, Factor 3 includes factors such as Product Knowledge and Education, Innovativeness, Government Support and Regulation, and Perceived Ease of Use. The factor loadings for these variables range from 0.971 to 0.731, highlighting their primary role in shaping consumer preferences for green products, particularly in terms of knowledge, government influence, and the perceived ease of adopting green alternatives. The factor analysis of consumer preferences and buying behavior for green marketing products in Coimbatore highlights three major drivers of consumer choices. First, environmental awareness and perceived product quality are the most influential factors, indicating that consumers prioritize the eco-friendliness and quality of green products. Second, trust- building elements like eco-labeling and certification, along with product accessibility, are key, suggesting that consumers are more likely to purchase green products if they are certified and easily available. Lastly, factors such as product knowledge, innovation, and government support significantly impact consumer behavior, emphasizing the importance of education, innovation, and policy incentives in promoting green products. Overall, marketing strategies should focus on enhancing environmental awareness, building trust through certifications, improving accessibility, and leveraging government support to drive the adoption of green products.
Conclusion
In conclusion, the factor analysis of consumer preferences for green marketing products in Coimbatore reveals that environmental awareness, product quality, trust through eco-certifications, accessibility, and government support are the key factors driving consumer behavior. Consumers are increasingly making purchasing decisions based on their environmental concerns, the quality of the product, and the credibility of sustainability claims.
Marketers should focus on educating consumers about benefits of green products, ensuring their accessibility, & highlighting certifications to build trust. Additionally, leveraging government policies & incentives will further encourage adoption of green products, ultimately fostering more sustainable consumer market.
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