Sustainable Casket And Coffin Market Research: 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. Caskets and coffins are burial container in which the body of a dead person is buried or burned during burial or cremation. The sustainable casket and coffin are made of ecofriendly materials such as softwood, banana leaf, and cardboard that causes minimal impact over the environment and enables easy dead body management.
Market Dynamics
Some of the major factors driving the adoption of the sustainable casket and coffin market is growing government regulations towards eliminating the use of single-use materials such as plastic and heavy other non biodegradable materials for manufacturing of the casket and coffin. In addition, growing regulations against the usage of conventional chemical based materials for manufacturing funeral products is another factor driving the growth of the sustainable casket and coffin industry.
Different manufacturers are shifting towards biobased products in order to reduce the dependency over the regular non-biodegradable materials for manufacturing the funeral products. Moreover, different industries such as agriculture, textile and packaging along with the death care industry are shifting towards the use of sustainable products which causes minimal or no harm to environment. Such factors in turn drives the growth and expansion of sustainable casket and coffin market size.
However, the high cost of materials for manufacturing the sustainable casket and coffin is a major factor limiting the growth of the market. The green burial sites are more costly in comparison with the tradition sites. As per the Funeral Directors Association, an average cost of funeral in U.S. costs abut $10,000. In addition, as per the Life Insurance Business Lincoln Heritage, the cost of burial plots in U.S. is somewhere between $1,000 to $4,000. Moreover, as per Survey conducted by Pew Charitable Trusts, green cemeteries costs between $2,000-$5,000. Such high cost is impacting the sustainable casket and coffin market growth.
Sustainable caskets and coffins have the tendency to minimize carbon dioxide emission by about 40%-70%, in comparison with the conventional synthetic materials used for caskets and coffins. In addition, sustainable caskets and coffins do not affect the environment harshly, as these material do not have toxicity and in addition it does degrades easily. Thus, this growing the adoption of sustainable caskets and coffins which in turn is driving the sustainable casket and coffin market.
Moreover, the greenhouse gas emission of biochemical-free material is minimal during the time of degradation. Biodegradable material for caskets and coffins represents a 42% reduction in carbon footprints.
In addition, in various developing countries such as India, there is growing research regarding the amount of waste generated with the rise in population and methods to deal with the hazards caused by such waste. Researchers and industry players are innovating for better solid waste management. According to a report by Ecoideaz, India uses around 4 million tons of chemical-based materials annually and resulting in waste production of 2 million tons. Customers are slowly shifting toward biodegradable materials as the metro cities such as Delhi, Mumbai, and Chennai placed a ban on plastic products. However, tax exemption and changes in certain regulations for biobased materials can improve the scenario; thus fueling the sustainable casket and coffin market growth.
An increase in consumer awareness regarding the usage of sustainable products linked with rapid environmental concerns, such as global warming is driving the adoption of bio-based and biodegradable materials for caskets and coffins. There is an increase in the preference of users for biochemical-free materials across various applications, such as catering, packaging, agriculture, and automotive. Chemical-free materials for caskets and coffins are suitable materials for organic farming.
Farmers are using biodegradable mulching films in agriculture and horticulture. They use biodegradable plant pots, and fertilizer rods, which decompose within the earth’s surface. In addition, factors such as zero toxicity, high biodegradation, and environment-free, along with the direct substitution to plastics and other non-biodegradable materials are growing the use of sustainable caskets and coffins that have emerged as the major growth drivers in the sustainable casket and coffin market.
In addition, during the outbreak of the COVID-19 pandemic, the construction, manufacturing, hotel, and tourism industries were majorly affected. Manufacturing activities were halted or restricted. This led to a decline in the manufacturing of various equipment used for manufacturing of sustainable casket and coffin as well as their demand in the market, thereby restraining the growth of the sustainable casket and coffin market. Conversely, industries are gradually resuming their regular manufacturing and services. This is expected to lead to the re-initiation of companies at their full-scale capacities, which helped the market to recover by the end of 2021.
Cremations have been increasing in popularity in recent years as an alternative to traditional burial. In 2021, the National Funeral Directors Association reported that the cremation rate in the United States was 50.2%, up from 48.5% in 2020. This trend is expected to continue, with the cremation rate projected to reach 78.8% by 2035. There are a number of factors driving the increased popularity of cremation. For many people, it is a more affordable option than burial. Cremation also allows for more flexibility in terms of memorialization and final disposition of the remains.
There are approximately 735,000 cremations performed in the U.S. each year. This number is expected to continue to grow in the coming years. In different countries such as the UK and U.S. caskets and coffins are required for cremation. In addition, with growing concern towards the environment, the adoption of sustainable caskets and coffin is growing with growing adoption of cremation in different countries which in turn is growing the sustainable casket and coffin market.
In addition various council and growing their initiatives in different regions in order to reduce the consumption of harmful materials. For instance, National Zero Waste Council, an initiative of Vancouver, is focused on the development of circular economy where materials are recycled technically or naturally through natural composting. The council is responsible for the development of zero waste management for chemical free material for casket and coffins and other products. According to the council, the material will be considered biodegradable if it is not visible after 180 days and quickly breaks down under special composting conditions.
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).
COMPETITION ANALYSIS
The major players profiled in the report having significant sustainable casket and coffin market share are 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 Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the sustainable casket and coffin market analysis during the sustainable casket and coffin market forecast period (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.
Sustainable Casket And Coffin Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 3.6 billion |
 Growth Rate | CAGR of 4.5% |
 Forecast period | 2021 - 2031 |
 Report Pages | 191 |
 By Material |
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 By Price |
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 By Distribution Channel |
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 By Region |
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 Key Market Players | Northern Casket Limited, Titan Casket, H.H. Webb & Co. Pty. Ltd., Batesville, Matthews International Corporation, Starmark Cremation Products., Green Coffins Ireland Ltd., The Old Pine Box, Thacker Caskets, Inc., Clark Grave Vault |
Analyst Review
The sustainable caskets and coffins are the major innovatory products made from the renewable materials. The world is discovering the best alternatives over the single used materials and sustainable materials used for coffins and casket are solving the huge problem in the world and causes no harm to the environment and decomposes easily.
Growth in the number of manufacturers along with the major government policies that favours towards the adoption of biodegradable and sustainable products along with th rise in availability of the feedstock that is renewable drives the growth of the sustainable casket and coffin market.
In addition, the growing acceptance by the consumers towards the adoption of sustainable products owing various education programs that is spreading more awareness regarding biobased products are creating a new perspective for eliminating the use of conventional material for casket and coffin.
However, high cost of biobased material as compared to traditional material coupled with low performance standards hamper the market growth.
Currently, the use of sustainable casket and coffins for the funeral services is the highest and is projected to remain the same till 2026 owing to the growing awareness regarding the advantages and properties of sustainable materials for casket and coffins. The production of sustainable and chemical free materials are highest in Asia-Pacific owing to the greater availability of the renewable feedstock. Despite been sustainable, it offers properties such as strength and durability similar to the casket and coffins made from regular materials. In addition, it offers addition benefits towards the environment which in turn is driving the growth of the market.
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.
The forecast period considered for the global sustainable casket and coffin market is 2022 to 2031, wherein, 2021 is the base year, 2022 is the estimated year, and 2031 is the forecast year.
The latest version of global sustainable casket and coffin market report can be obtained on demand from the website.
The base year considered in the global sustainable casket and coffin market report is 2021.
The top companies holding the market share in the global sustainable casket and coffin market report are 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 top ten market players are selected based on two key attributes - competitive strength and market positioning.
The report contains an exclusive company profile section, where leading companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
By material, the softwood segment is the highest share holder of sustainable casket and coffin market.
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