Sustainable Casket And Coffin Market By Material (Cardboard, Softwood, Wicker, Others), By Price (Low, Medium, High), By Distribution Channel (Online, Offline): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global sustainable casket and coffin market was valued at $2.3 billion in 2021, and is projected to reach $3.6 billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031. Sustainable caskets and coffins are made of natural and ecofriendly materials such as cardboard, softwood, banana leaf, seagrass, and others. These materials help in easy decomposition of the coffins that is a more ecofriendly approach towards the environment.
The major factors driving the adoption of sustainable casket and coffins is the growing concern by the government to eliminate the use of single use and other material which are harmful towards the environment which in turn is growing the adoption of sustainable materials for manufacturing. Similarly for the funeral industry such efforts are growing the use of materials such as pine wood, seagrass, cardboard and other sustainable materials for manufacuring.
Different materials such as plastic takes more than 500 years for the degradation. However, material such as wicker, softwood and wicker takes much lesser time for the decomposition. Thus, the funeral and death care industry along with the casket and coffin manufacturing industry are shifting towards the adoption of materials such as softwood, wicker and cardboard for manufacturing of the caskets and coffin which in turn is driving the growth of the market. In addition, other industries along with the funeral and death care industry are shifting towards the sustainable materials for manufacturing. The industries included are agriculture, textile and printing. Thus, the growing trend towards the adoption of sustainable material are driving the growth of the market.
However, the growth of the market is affected due to the high price of the sustainable casket and coffin in comaprison with the regular coffins owing to high cost of materials such as wicker, softwood and other sustainable materials. In addition, the bamboo coffins are comparitively more costly in comparison with other type of coffin made from non biodegradable materials as bamboo as a material helps in providing more aesthetic look to the coffin and make it more elegant and durable which makes it bit costlier. On the contrary, introduction of other biodegradable materials for manufacturing of sustainable casket and coffins such as cardboard, seagrass and recycled newspaper are reducing the cost of caskets and coffins which in turn is expected to offer new opportunites for the market.
The global sustainable casket and coffins market is segmented on the basis of material, price, distribution channel, and region. By material, the sustainable casket and coffins market is fragmented into cardboard, soft wooden, wicker and others. By price, the global sustainable casket and coffins market is categorized into low, medium and high. By distribution channel, the market is divided into online and offline. By region, the sustainable casket and coffins market has been analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The major players profiled in the sustainable casket and coffins market report include 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.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the sustainable casket and coffin market analysis from 2021 to 2031 to identify the prevailing sustainable casket and coffin market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the sustainable casket and coffin market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global sustainable casket and coffin market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy MaterialCardboard
Softwood
Wicker
Others
By PriceLow
Medium
High
By Distribution ChannelOnline
Offline
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Batesville
The Old Pine Box
H.H. Webb & Co. Pty. Ltd.
Titan Casket
Matthews International Corporation
Green Coffins Ireland Ltd.
Thacker Caskets, Inc.
Starmark Cremation Products.
Clark Grave Vault
Northern Casket Limited
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