A recent report published by Infinium Global Research on the sustainable casket and coffin market provides an in-depth analysis of segments and sub-segments in the global as well as regional sustainable casket and coffin market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional sustainable casket and coffin market over the short term as well as the long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global sustainable casket and coffin market. According to the report, the global sustainable casket and coffin market is projected to grow at a significant CAGR over the forecast period of 2022-2028.
Sustainable casket and coffin are made out of biodegradable materials such as Softwood, cardboard, Wicker, and Others. As they are lightweight they are easy to transport. Utilizing these materials which are grown sustainably means that the coffins made with them have a lower impact on the environment. These coffins are customized with photographs and eco-friendly paint which make them unique and attractive. Cardboard coffins are widely used as an economical and biodegradable option for caskets and coffins. Increasing awareness about the clean environment is further propelling the growth of the market during the forecast period.
An increasing number of start-ups in the sustainable funeral services industry is further supporting its growth. Sustainable caskets and coffins are becoming increasingly popular due to factors such as simplicity, being cheaper than others, and being eco-friendly in nature. These types of caskets and coffins easily degrade naturally into the earth without leaving anything behind. A biodegradable casket and coffin made of materials like bamboo, wicker, or other material usually decompose in three or four years. Furthermore, traditional cremation and funeral methods are considered energy-intensive and dogmatic wasteful as per the green Burial Council. Therefore, the increasing environmental safety concerns are driving the growth of the market during the forecast period. Moreover, supportive government initiatives for biodegradable caskets and coffins will drive market growth. Increasing investment in European countries is expected to drive growth. The growing popularity of cremation among the end-users is likely to hamper the market growth. Cremation is Convenient compared to burial. It is easier to cremate and carry the remains for a memorial afterward. In terms of religion, the Vatican has allowed practicing Catholics to choose cremation. While many people don’t consider themselves religious nowadays. All these factors lead to the growing adoption of cremation compared to burial.
Geographically, the sustainable casket and coffin market are bifurcated into North America, Europe, Asia Pacific, and the Rest of the World. Europe holds the largest market share in the Sustainable Caskets and coffin market. Europe is leading in the proportion of the elderly population with 19% of the total population having an age of more than 65. Meanwhile, Germany, Italy, France, and the UK are the countries that contributed the most to the elderly population of Europe. Furthermore, increasing environmental safety is the major concern driving the market growth in the region. North America holds the second-largest market share in the Caskets and coffin market. Increasing the death rate due to the various types of infectious diseases will drive growth in the region. Owing to the pandemic, the death rate in the United States of America was 9.7 per 1,000 people in 2021.
The report on the global sustainable casket and coffin market covers segments such as material, price, and distribution channel. On the basis of material, the sub-markets include cardboard, soft wooden, wicker, and others (sea grass, wool, and leaf). On the basis of price, the sub-markets include low, medium, and high. On the basis of distribution channel, the sub-markets include online, and offline.
The report provides profiles of the companies in the market such as Starmark, Chistann, Carnation Caskets, Loop Living Cocoon, Cardboard Coffin Company, Titan Casket, The Old Pine Box , Natural Woven Products Ltd (The Somerset Willow Company Limited), Caring Coffins, and Green Coffins Ireland Ltd.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the sustainable casket and coffin market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.
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