The Green Funerals Market intelligence report further offers hard to find data derived from attractiveness analysis that narrates a lot about the products, regions and applications expected to generate more revenue. The research study sheds light on the key growth opportunities and market trends along with other vital market dynamics, including the drivers and restraints on the industry growth. With this report, the prospective buyers can be sure to become capable of adapting to the changes in the Green Funerals industry.
The Global Green Funerals Market size reached USD 571.54 Million in 2021 and is expected to register a revenue CAGR of 8.7% during the forecast period, according to latest analysis by Emergen Research. Rapidly increasing global population, emerging new technologies and burial methods for green funerals, rising air pollution and climate change, as well as global shift toward more environmentally friendly funerals from traditional funeral alternatives are some key factors driving market revenue growth.
Green funerals are gaining popularity in the funeral industry due to the emergence of new and more environmentally friendly ways of burials and cremation methods. Green funerals are growing more popular as a result of factors such as simplicity of method, lower cost, and contribution to environmental conservation. Increasing elderly population with severe comorbidities and rising consumer awareness regarding eco-friendly burials and cremation methods are key factors driving revenue growth of the market. Funerals and cremations in the traditional sense are energy-intensive and harmful for the environment.
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Prominent Players Analyzed in the Report:
- The Green Funeral Company
- Recompose
- Resomation Ltd
- Eirene Cremations Inc
- Natural Burial Company
- Return Home
- Solace Cremations
- The Woodland Burial Company
- Leach & Son
- Capsula Mundi
- Others
Cremation requires fossil fuel or gas to maintain high temperatures for several hours and emits carbon dioxide (CO2) gas and toxic pollutants such as mercury vapor, sulfur dioxide, hydrogen chloride gas, and hydrogen fluoride. According to a study by the Cremation Association of North America, filtering cremation emissions had little influence on the pollutants emitted. In addition, crematory workers are also exposed to these pollutants, which, along with embalming fluid exposure, pose occupational issues. COPD, respiratory illnesses, and neurological disorders are more common in workers than in the general population. For instance, according to Centers for Disease Control and Prevention (CDC), embalmers had a 13% higher death rate than the general population.
Green funerals employ materials and storage facilities that are biodegradable and environmentally beneficial by avoiding embalming fluids, cement or metal coffin vaults, and items manufactured from particular materials. Chemical-free embalming oils, which are essential oils that decompose without leaving trace chemicals in the soil, are used in natural burials. Green burial cemeteries, green burial caskets, and even green funeral ceremonies such as tree burial have grown in popularity as a result of this natural approach to funerals. As a result, a considerable shift in consumer interest toward more environmentally friendly burials has increased pressure on funeral service providers to shift away from traditional funerals and cremation methods and toward the use of biodegradable and renewable resources for green funerals. More than half of respondents (53.8%) indicated an interest in eco-friendly burial options in a 2017 study conducted by the National Funeral Directors Association.
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Many funeral homes are striving to develop more environmentally friendly methods of burials and cremations. These include bio-cremation (also known alkaline hydrolysis, or water cremation), organic burial pods, and turning cremated remains into marine reefs. For instance, a company called Eternal Reefs, based in Florida U.S., offers to incorporate cremated remains into a cement artificial reef structure, and deposit it in an approved ocean-floor site of one\’s choice, allowing the deceased to become a component of a sea-life ecosystem. Funeral service providers are now recognizing that important innovations like these are for climate protection and boosting the bio-based circular economy. This also demonstrates how the green funeral industry is undergoing transformation, which is expected to boost market revenue growth during the forecast period.
However, stringent government regulations and high costs of green burial plots are factors that are hindering market revenue growth. Green burial sites are comparatively costlier than traditional burial plots and they are more expensive than cremation. According to the funeral directors\’ association, the average funeral in the United States costs more than USD 8,000, even before a cemetery plot is purchased. According to the life insurance business Lincoln Heritage, an average burial plot costs between USD 1,000 and USD4,000, and according to the operators interviewed for a report conducted by Pew Charitable Trusts, plots at green cemeteries cost between USD 2,000 and USD 4,500. As a result, high cost of green cemeteries is negatively impacting the revenue growth of the market.
Emergen Research has segmented global green funerals market on the basis of type, natural burial sites, and region:
Type Outlook (Revenue, USD Million; 2019-2030)
-
- Human Compositing
- Aquamation
- Others
Natural Burial Sites Outlook (Revenue, USD Million; 2019-2030)
-
- Hybrid Cemeteries
- Woodland Burial Grounds
- Conservation Burial Grounds
- Others
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Regional Outlook (Revenue, USD Million; 2019–2030)
-
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
- North America
Overview of the Green Funerals Market Report:
- Introduction, Product Scope, Market Overview, and Opportunities
- Analysis of the Manufacturers with sales, revenue, and price analysis
- Comprehensive analysis of the competitive landscape
- Extensive profiling of the key competitors along with their business strategies and market size
- Regional analysis of the market along with sales, revenue, market share, and global position
- Country-wise analysis of the market along with types, applications, and manufacturing
- Strategic recommendations to established players as well as new entrants
- In-depth analysis of the risks, restraints, and limitations in the Green Funerals industry
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