(I-BusinessNews.Com, July 08, 2021 ) Death care services companies are increasingly offering green burials to cater to the increasing demand from customers. In green burials, the body is not cremated and there is no application of chemicals, instead the body is placed in a biodegradable coffin or shroud and interred without a concrete burial vault. The aim is to complete decomposition of the body and its natural return to the soil. The trend is gaining popularity because it is simple, cost effective, eliminates hazardous chemicals, promotes environmental sustainability and has a spiritual significance.
The death care services market consists of sales of death care services and related goods by entities (organizations, sole traders and partnerships) that prepare the dead for burial or interment, conduct funerals, operate sites or structures reserved for the interment of human or animals remains, and/or cremate the dead.
Death Care Services Market Report Segments:
1) By Type: Funeral Homes And Funeral Services, Cemeteries And Crematories
2) By Arrangement: At-Need Arrangement, Pre-Need Arrangement
3) By Mode: Online, Offline
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Death Care Services Market Size Forecast:
The global death care services market is expected to grow from $103.93 billion in 2020 to $109.79 billion in 2021 at a compound annual growth rate (CAGR) of 5.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $147.38 billion in 2025 at a CAGR of 8%.
Major Players in the Death Care Services Market:
Service Corporation International (SCI)
Nirvana Asia Ltd
Fu Shou Yuan International Group.
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Death Care Services Market – Opportunities And Strategies Ã‚Â– Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provide market overviews, analyze and forecast market size and growth for the whole market, death care services market segments and geographies, death care services market trends, drivers, restraints, leading competitorsÃ‚Â’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.
The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitorsÃ‚Â’ approaches.
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