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Sustainable Casket and Coffin Market Observe Significant Growth to Reach $3.6 billion by 2031

04-11-2024 11:43 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Sustainable Casket and Coffin Market

Sustainable Casket and Coffin Market

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.

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.

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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.

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.

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Top Impacting Factors:

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.

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Players Are:
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.

Table of Contents:

Chapter 1 : INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

Chapter 2 : EXECUTIVE SUMMARY
2.1. CXO Perspective

Chapter 3 : MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter's five forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Eco-friendly nature and rise in consumer adoption of biodegradable materials
3.4.1.2. Growing Popularity of Green Funerals

3.4.2. Restraints
3.4.2.1. Government Regulations

3.4.3. Opportunities
3.4.3.1. The growing popularity of cremation among the end-users

Chapter 4 : SUSTAINABLE CASKET AND COFFIN MARKET, BY MATERIAL
4.1. Overview
4.1.1. Market size and forecast
4.2. Cardboard
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Softwood
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Wicker
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
4.5. Others
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market share analysis by country

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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