The Business Research Company’s Death Care Services Global Market Report 2021: COVID-19 Impact And Recovery To 2030
LONDON, GREATER LONDON, UK, March 15, 2021 /EINPresswire.com/ — 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.
Global Death Care Services Market Size And Drivers:
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 market is expected to reach $147.38 billion in 2025 at a CAGR of 8%.
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Trends In The Global Death Care Services Market
Death care service companies are increasingly using the alkaline hydrolysis method for disposal of corpses. Alkaline hydrolysis is a chemical process for the disposing 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 the practice of alkaline hydrolysis.
Global Death Care Services Market Segments:
The global death care services market is further segmented based on type, arrangements, mode and geography.
By Type: Funeral Homes And Funeral Services, Cemeteries And Crematories.
By Arrangement: At-Need Arrangement, Pre-Need Arrangement.
By Mode: Online, Offline.
By Geography: The global death care services market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, North America is the largest region in the global death care services market.
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Death Care Services Global Market Report 2021 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 and growth for the global death care services market, death care services market share, death care services market players, death care services market segments and geographies, death care services 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.
Where To Learn More
Read Death Care Services Global Market Report 2021 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
Death Care Services Market Organizations 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, death care services market customer information, death care services 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 death care services 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 death care services industry will put on most $ sales up to 2023.
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