Product Code: ETC375204 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The burial casket market size in India was estimated to be worth INR 12 billion and is projected to grow at a CAGR of 6% due to various reasons such as increasing religious practices, rise in awareness about funerals among people living away from home, improved purchasing power among consumers etc. It is widely used by immigrants who working abroad so that they can have their loved ones near them even after death. Additionally Government initiatives such as ?Make In India? campaign which encourages domestic manufacturing will also drive its demand over forecasted period.
The burial casket market in India is closely linked to the funeral services industry. The market is driven by the country`s population growth, increasing awareness of the importance of funeral rituals, and a rising middle-class population that can afford traditional burial ceremonies. The market growth also relates to cultural and religious practices.
One of the key challenges is the rising popularity of cremation as an alternative to traditional burial in certain regions. Cremation is often considered more environmentally friendly and cost-effective, leading to a decline in the demand for burial caskets in these areas. To address this challenge, casket manufacturers may need to focus on regions where traditional burials are more prevalent and explore opportunities for innovation to meet changing consumer preferences. Additionally, the market faces competition from cheaper alternatives and locally-made caskets, which can affect the demand for branded caskets. To differentiate themselves, manufacturers must emphasize the quality, craftsmanship, and emotional significance associated with their casket offerings. Moreover, the COVID-19 pandemic has posed challenges for the burial industry due to restrictions on funeral gatherings and disruptions in supply chains.
The burial casket market in India refers to the production and sale of coffins used for funerals and burials. The market size depends on the death rate, cultural practices, and religious beliefs related to funeral rites. The COVID-19 pandemic likely had a significant impact on this market due to an increase in mortality rates, leading to higher demand for burial caskets.
In the burial casket market, some key players in India could include companies like Nirvana India Pvt. Ltd., Anantco Enterprises, Cressida Coffins, Shanmugas, and AB Caskets.