PUBLISHER: Allied Market Research | PRODUCT CODE: 1298315
PUBLISHER: Allied Market Research | PRODUCT CODE: 1298315
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.