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.
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 Stakeholders
- This 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 Segments
By Material
- Cardboard
- Softwood
- Wicker
- Others
By Price
- Low
- Medium
- High
By Distribution Channel
- Online
- Offline
By Region
- North 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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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SUSTAINABLE CASKET AND COFFIN MARKET, BY MATERIAL
CHAPTER 5: SUSTAINABLE CASKET AND COFFIN MARKET, BY PRICE
CHAPTER 6: SUSTAINABLE CASKET AND COFFIN MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: SUSTAINABLE CASKET AND COFFIN MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- 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
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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