Sustainable Casket And Coffin Market Expected to Reach $3.6 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Sustainable Casket And Coffin Market," The Sustainable Casket and Coffin Market was valued at $2.3 billion in 2021, and is estimated to reach $3.6 billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031. 

A casket and coffin are the funerary box the is used for keeping or viewing of the corpse, either for the cremation or burial. Caskets and coffins are made of the sustainable materials such as softwood, cardboard, banana leaf and other biodegradable and friendly materials are called sustainable caskets and coffins. 

In addition, adoption of the materials such as softwood and cardboard is growing by funeral industry. Cardboard is created from the discarded cartons and is highly recycable. According to the TRVST, a leading sustainability conglomerate. around 80% of the cardboard materials been transported commercialy are been collected for recycling. The corrugated cardboard is amongst of the of the most commonly known recycled material. Thus, various industries are adopting the use of such material owing to higher sustainablity which in turn is driving the adoption of such materials in the casket and coffin industry.

Moreover, growth in demand for the sustainable materials among various nations such as North American and European customers stimulates the adoption of adoption of sustainable products in such regions. For instance, the European customers choose sustainable products over the chemical based materials considering their environmental benefits. Thus, this is turn is growing the share of market in different regions and helped in expansion of sustainable casket and coffin market size.

Furthermore, various legal framework along with the strategies helps in fostering the adoption of sustainable products that provides growth opportunities for the sustainable casket and coffin market. Moreover, favorable government policies towards the manufacturing of chemical free material in different regions such as U.S. and Germany is another significant factor responsible for the growth of sustainable casket and coffin industry. 

The funeral and death care industry are the major industries that consumes the sustainable casket and coffins. With growing regulations, the death care and funeral services companies are using the sustainable materials in order to manufacture sustainable casket and coffins in larger quantities. In addition, the regulatory bodies are letting the casket and coffin manufacturers to come up with the substantial funeral solutions. Thus, this in turn is growing the adoption of casket and coffin made from sustainable materials which further drives the sustainable casket and coffin market growth.

Sustainable casket and coffins have the potential to reduce carbon dioxide emission by 30%-70%, as compared to conventional synthetic materials used for casket and coffin. On the other hand, these casket and coffins do not adversely affect the environment, as the material does not have any toxicity and degrades easily. Moreover, the greenhouse gas emission of biochemical free material is minimal during the time of degradation. Biodegradable material for casket and coffins represents 42% reduction in carbon footprints.  Thus, this growing the adoption of such products in sustainable casket and coffin market.

Increase in consumer awareness about 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 casket and coffins. There is an increase in the preference of the users for biochemical free materials across various applications, such as catering, packaging, agriculture, and automotive. Chemical free material for casket 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 high biodegradation, zero toxicity, environment-free, and direct substitute to conventional chemical free material are favoring use of sustainable casket and coffins and have emerged as the major growth drivers in the sustainable casket and coffin market. 

 Moreover, rise in dependence over the requirement of cost effective funeral services is driving the growth of the market during the sustainable casket and coffin market forecast period.

COVID-19 is a disease caused by a newly discovered virus named Coronavirus. Many people are suffering from Coronavirus disease throughout the globe. During lockdown, due to COVID-19 pandemic, various major players in the global sustainable casket and coffins market had to stop their business production due to lock down implemented in countries such as the U.S., China, Brazil, and others. This stop in business activities has directly impacted the sales insustainable casket and coffins market. Also, lack of man power and raw material has halted the supply chain.

However, the introduction of vaccines for coronavirus disease and the re-initiation of production facilities is anticipated to provide lucrative sustainable casket and coffin market opportunities for the major players. 

Key Findings Of The Study 

• The report provides an extensive analysis of the current and emerging global sustainable casket and coffins market trends and dynamics.  

• By material, the soft wooden segment was the largest revenue generator having significant sustainable casket and coffin market share in 2021. 

• By price, the medium segment generated the highest revenue in 2021. 

• By distribution channel, the offline segment generated the highest revenue in 2021. 

• Region-wise, Europe is anticipated to dominate the global sustainable casket and coffins market throughout the study period.  

• The report provides an extensive sustainable casket and coffin market analysis along with global sustainable casket and coffin market trends and emerging opportunities of the market.  

• The global sustainable casket and coffins market forecast analysis from 2022 to 2031 is included in the report.