The Business Research Company’s Death Care Services Market Report – Opportunities And Strategies – Global Forecast To 2030
LONDON, GREATER LONDON, UK, July 8, 2021 /EINPresswire.com/ — 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. In a 2018 survey from the National Funeral Directors Association (NFDA) it was revealed that about 72% of cemeteries were reporting an increased demand for green burials.
The major players covered in the global death care services industry are Service Corporation International (SCI), Nirvana Asia Ltd, Fu Shou Yuan International Group.
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The global death care services market size 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%.
Asia Pacific is the largest region in the global death care services market, accounting for 40% of the market in 2020. North America is the second largest region, accounting for 27% of the global death care services market. Africa has the smallest death care services market share.
The global death care services market is segmented by type into funeral homes and funeral services, cemeteries and crematories, by arrangement into at-need arrangement, pre-need arrangement, and by mode into online, offline.
Death Care Services Market – By Type (Funeral Homes And Funeral Services, Cemeteries And Crematories), By Arrangement (At-Need Arrangement, Pre-Need Arrangement), By Mode (Offline, Online) And By Region, Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides death care services global market overview, forecast death care services global market size and growth for the whole market, death care services global market segments, and geographies, death care services global market trends, death care services global market drivers, restraints, leading competitors’ revenues, profiles, and market shares.
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