Global Death Care Services Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Death Care Services Market Report by The Business Research Company covers death care services market drivers and restraints, death care services market size, major players, and the impact of COVID-19 on the death care services market.
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. The death care services market is segmented into funeral homes and funeral services, and cemeteries and crematories.
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%.
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Some death care services market trends include companies increasingly using the alkaline hydrolysis method for the disposal of corpses. Alkaline hydrolysis is a chemical process for the disposal of human remains using sodium hydroxide and heat. The method uses a solution of 95% water and 5% potassium hydroxide or sodium oxide to reduce a body to components of liquid and bone. Bone fragments are retained and dried into a substance which is similar to cremated ashes. The liquid by-product of alkaline hydrolysis is a non-toxic solution that is disposed through the sewage system. As of August 2019, 19 states in the United States of America have legalized practice of alkaline hydrolysis.
Global death care services market segments include:
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.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global death care services market, accounting for 40% of the market.
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The Death Care Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides death care services market overviews, analyzes and forecasts market size, share, death care services market players, death care services market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The death care services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Death Care Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Service Corporation International (SCI), Nirvana Asia Ltd, Fu Shou Yuan International Group
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Death Care Services Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Death Care Services Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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