Nirvana Ltd. Is One Of The Largest Players In The Death Care Services Market, According To The Business Research Company’s Death Care Services Market Global Report 2020-30: COVID-19 Impact And Recovery.
(Companies Covered: Service Corporation International (SCI); Nirvana Asia Ltd; Fu Shou Yuan International Group)
The global death care services market is expected to grow from $102.3 billion in 2019 to $102.4 billion in 2020 at a compound annual growth rate (CAGR) of 0.1%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $124.8 billion in 2023.
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The death care services market consists of the sales of death care services and related goods by entities 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.
Global Death Care Services Market Segmentation –
The death care services market covered in this report is segmented
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.
Global Death Care Services Market Trends –
Crematories are offering green funeral and burial services to environmentally conscious customers. A green funeral offers environmentally-friendly options such as funeral in a natural setting, use of only recycled paper products, locally-grown organic flowers and food, biodegradable clothing, shroud or casket and use of formaldehyde-free products. In natural burial, the body is buried in a natural setting without embalming, and instead of traditional standing headstones, plants, trees or flat rocks are used as grave markers. These crematories also use alkaline hydrolysis process, which uses 90% less energy than flame cremation.
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A Few Points From The Global Death Care Services Market ToC
1. Executive Summary
2. Death Care Services Market Characteristics
3. Death Care Services Market Size And Growth
3.1. Global Death Care Services Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Death Care Services Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Death Care Services Market Segmentation
5. Death Care Services Market Regional And Country Analysis
5.1. Global Death Care Services Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Death Care Services Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
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