Consumers’ preferences, attitudes and willingness to pay for bio-textile in wood fibers

Notaro Sandra and Paletto Alessandro

Journal of Retailing and Consumer Services, 2021, vol. 58, issue C

Abstract: The bio-textile products made from certified wood fibers are an important product innovation able to diversify the wood product portfolio of enterprises and to increase environmental sustainability. In this paper, we estimate Italian consumers' willingness to pay for three bio-textile products made from certified wood (socks, T-shirt and shirt). Data were collected face-to-face to a sample of 696 consumers through Contingent Valuation. The results from the Cameron and Huppert model show a significant premium price, ranging from 64% to 128% depending on the products, and that respondents with a higher environmental concern are more willing to pay for bio-textile products. Nevertheless, the price turned out to be a key determinant, evidencing how it can constitute a barrier to a more sustainable consumer behaviour. These results are important for the European wood-based industries’ businesses, currently based on stagnant market of traditional wood products, since they indicate there is room for a profitable diversification in bio-textile products. An increased market of bio-textile products can contribute to reduce the fossil fuel dependency of the European Union economy.

Keywords: Forest bioeconomy; Environmentally-friendly products; Premium price; Contingent valuation; Cameron and huppert model; Italy (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0969698920313126
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:joreco:v:58:y:2021:i:c:s0969698920313126

DOI: 10.1016/j.jretconser.2020.102304

Access Statistics for this article

Journal of Retailing and Consumer Services is currently edited by Harry Timmermans

More articles in Journal of Retailing and Consumer Services from Elsevier
Bibliographic data for series maintained by Catherine Liu ().