I have found the distinction between statistically significant and physically significant is often useful when communicating results to non-statisticians. The phrases clinically significant or practically significant may be preferred in some fields (thanks @Jelsema). You are describing a situation where the effect may be statistically significant, but physically insignificant.
As an aside, there is actually a push right now to stop (or limit) using the phrase "statistically significant" altogether. Some relevant reading:
Moving to a World Beyond "p < 0.05"
The Difference Between "Significant" and "Not Significant" is Not Itself Statistically Significant
Scientists rise up against statistical significance
References
Wasserstein, Ronald L., Allen L. Schirm, and Nicole A. Lazar. "Moving to a world beyond “p< 0.05”." (2019): 1-19.
Gelman, Andrew, and Hal Stern. "The difference between “significant” and “not significant” is not itself statistically significant." The American Statistician 60.4 (2006): 328-331.
Amrhein, Valentin, Sander Greenland, and Blake McShane. "Scientists rise up against statistical significance." (2019): 305-307.