Burial Products Market Scope
Burial of a dead corpse, the construction of a burial structure, and the execution of funeral rites are all activities that are based on body beliefs and embodied knowledge. Funeral merchandise and memorials serve both practical and symbolic purposes. The practical function of a coffin and cremation urn, for example, is to offer a container for human remains, thus buyers are typically worried about manufacturing quality and longevity. Factors such as prevalence of death cases due to infectious diseases have facilitated growth across burial products market.
The Burial Products market study is segmented by Type (Caskets, Cremation Urns, Burial Vaults, Grave Markers and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Burial Products market throughout the predicted period.
Service Corporation International (United States), StoneMor Partners (United States), InvoCare (Australia), Carriage Services Inc. (United States), Funespana (Spain), San Holdings, Inc. (Japan), Nirvana Asia Ltd. (Malaysia), Fu Shou Yuan (China), Matthews International (United States) and Dignity plc (United Kingdom) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Burial Products market by Type, Application and Region.
On the basis of geography, the market of Burial Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 1st June, 2021 - Wilbert Funeral Services, Inc. Acquired Astral Industries, Inc. (Leading Funeral Products Manufacturer). The deal Complements WFSI's Long-Term Development Plan by Allowing the Company to Continue Reinvesting in Complementary Goods and Services That Benefit Funeral Directors and The Families They Serve.
On 16th April, 2021 - Return Home Launched 'Human Composting' Alternative to Burial and Cremation. The Company's Innovative Terramation Service, Which Takes Place Inside a Sealed, Environmentally Controlled Tank, Turns Human Remains into Soil In 60 Days.
Market Trend
- Emergence of Innovative Burial Products
Market Drivers
- Prevalence of Deaths Due to Chronic Diseases and Infections
- Rising Geriatric Population
Opportunities
- Increasing Demand Across European Regions
Restraints
- Raw Material Price Fluctuation
Challenges
- Market Penetration Across New Regions
Key Target Audience
Burial Products Manufactures, New Entrants and Investors, Burial Products Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others