Global Funeral Products and Services Market Proposals & Trends Leading to 16.7% CAGR Growth during 2017-2022

Surge in the number of death rate will continue to boost demand for the funeral product and services. In addition, increasing incidences of performing euthanasia in hospitals is expected to contribute towards growth of the global funeral products & services market. This report, compiled by Fact.MR, provides in-depth analysis of the global funeral products & services market for the forecast period 2017-2022, and offers key insights about future market direction.

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The next section offers an overview of the global funeral products & services market. This comprises an introduction to the market, along with a standard definition of the product – keyword. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global funeral products & services market, the report provides updates about market opportunities, which can benefit leading manufacturers of keyword. With continuous evolution of the consumer goods sector, keeping a record of latest developments and trends is fundamental for funeral products & services manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.

Death Care Services to Create Lucrative Growth Opportunities

Surge in the death rate continues to fuel demand for various death care services including memorials, burial or cremation and funerals. Organizations and companies operating in the death care industry are focusing on offering cemeteries, coffins, headstones and crematoria for conducting funerals. In addition, growing incidences of infectious diseases, malnutrition and under nutrition continue to fuel demand for the death care services.

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Growing need for conducting funeral services has further led to surge in demand for publishing the obituaries and creating epitah. Moreover, dealers are increasingly selling monuments and memorials for conducting the funeral ceremonies. Bound to such factors, demand for funeral products and services is expected to remain high in the global market. Conducting funeral has also led to surge in demand for embalming operations for chemical exposure, biological exposure and musculoskeletal hazards. The global funeral products & services market will continue to witness significant growth during the forecast period.

Pre-Planning Funeral Services to Impact Global Market Growth

Recent trend of pre-planning the funeral and crematory ceremony will continue to impact growth of the global funeral products & services. In order to assume the financial responsibility, people are opting to pre-plan their funeral. Increasing demand to cater for various unique hazards and embalming maintenance & room ventilation continues to contribute towards growth of the global market. Moreover, growing need for embalming operations regarding the musculoskeletal hazards, chemical exposure and biological exposure is further expected to rev up demand for funeral products & services.

At-Need Planning to Represent a Leading Segment

As people prefer conducting funerals with all the rituals, demand for traditional services will continue to increase in the global market. On the basis of service type, the traditional segment is expected to generate significant revenues, accounting for a value of over US$ 65,000 Mn by the end of 2022. The immediate service type segment is expected to register the highest CAGR throughout the forecast period. Based on funeral planning, the at-need segment is expected to represent the highest revenue growth, recording a value of over US$ 33,000 Mn by the end of 2017. Further, the at-home funeral planning segment is expected to register a robust CAGR through 2022.

Competition Tracking

Leading market players operating in the global funeral products & services market include Service Corporation International, Matthews International Corporation, Dignity Plc, StoneMor Partners, InvoCare Ltd, Carriage Services Inc., Fu Shou Yuan International Group Ltd, San Holdings Inc., Nirvana Asia Ltd and Funespana SA.

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This release was published on openPR.