Portland,OR, April 13, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global sustainable casket and coffin market generated $2.3 billion in 2021, and is estimated to reach $3.6 billion by 2031, witnessing a CAGR of 4.5% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
Download Free Sample Report @https://www.alliedmarketresearch.com/request-sample/54159
Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $2.3 Billion |
| Market Size in 2031 | $3.6 Billion |
| CAGR | 4.5% |
| No. of Pages in Report | 191 |
| Segments Covered | Material, Price, Distribution Channel, and Region |
| Drivers | An increase in consumer awareness regarding the usage of sustainable products linked with rapid environmental concerns, such as global warming |
| Growing regulations against the usage of conventional chemical based materials for manufacturing funeral products | |
| Rise in government regulations towards eliminating the use of single-use materials such as plastic and other non-biodegradable materials for manufacturing of caskets and coffins | |
| Opportunities | Favorable government policies towards the manufacturing of chemical free material in different regions such as U.S. and Germany |
| Restraints | The high cost of biobased material as compared to traditional material coupled with low performance standards |
Covid-19 Scenario:
- The outbreak of the COVID-19 pandemic negatively impacted the growth of the sustainable casket and coffin market.
- The construction, manufacturing, hotel, and tourism industries the most affected. Manufacturing of various equipment used for manufacturing of sustainable casket and coffin reduced significantly. Hence, the demand for the equipment declined as well.
- However, the introduction of vaccines for the coronavirus disease and the re-initiation of production facilities helped the market to recover. Industries gradually resumed their regular manufacturing and services, leading to the re-initiation of companies at their full-scale capacities.
Buy This Research Report (191 Pages PDF with Insights, Charts, Tables, Figures):
https://www.alliedmarketresearch.com/checkout-final/259a02df228d5cf974f08d3a6e74b359
The report offers a detailed segmentation of the global sustainable casket and coffin market based on material, price, distribution channel, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
Based on material, the softwood segment held the largest share in 2021, accounting for nearly two-fifths of the global sustainable casket and coffin market and would dominate the market in terms of revenue through 2031. The cardboard segment, however, is estimated to witness the fastest CAGR of 7.1% during the forecast period. The report also discusses wicker and others segments.
Based on price, the medium segment held the largest share in 2021, accounting for nearly half of the global sustainable casket and coffin market and would dominate the market in terms of revenue through 2031. The high segment, however, is estimated to witness the fastest CAGR of 6.2% during the forecast period. The report also includes a discussion of the low-price segment.
In terms of distribution channel, the offline segment captured the largest market share of more than 90% of the global sustainable casket and coffin market in 2021 and is expected to lead the trail during the forecast period. However, the online segment is likely to achieve the fastest CAGR of 7.3% through 2031. The report also studies the segment.
Based on region, the market in Europe was the largest in 2021, accounting for more than one-third of the global sustainable casket and coffin market and is likely to lead in terms of revenue during the forecast period. However, the market in LAMEA is likely to manifest the highest CAGR of 6.5% from 2022 to 2031. The other region analyzed in the study include Asia-Pacific and North America.
Enquire Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/54159
Leading players of the global sustainable casket and coffin market analyzed in the research include 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, and Northern Casket Limited.
The report analyzes these key players of the global sustainable casket and coffin market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
Trending Reports in Sustainable Casket And Coffin Industry (Book Now with 10% Discount):
Sustainable Construction Market - Global Opportunity Analysis and Industry Forecast, 2023-2030
Wood-Cement Boards Market - Global Opportunity Analysis and Industry Forecast, 2023-2030
Fire-retardant Treated Wood Market - Global Opportunity Analysis and Industry Forecast, 2023-2030
Wooden Formwork Systems Market - Global Opportunity Analysis and Industry Forecast, 2021-2030
Woodworking Machinery Market - Global Opportunity Analysis and Industry Forecast, 2023-2030
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. 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.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact Us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/construction-and-manufacturing
