Sales for Chlorine Disinfectant to Propel Amid COVID-19 Pandemic with High Infection Rates and Soaring Fatalities

In recent times, COVID-19 has raised an implication for the healthcare sector to ensure optimal hygiene of healthcare centers along with medical equipment. This helps in preventing hospital acquired infections (HAI).  Amid COVID-19 outbreak, preventing spread of disease contagion and maintaining optimum hygiene is paramount in hospitals. Owing to this, sodium hypochlorite, a chlorine-based disinfectant, is widely being used for cleaning and disinfecting the hospitals and medical laboratories.

In addition, chlorine disinfectants ensure safe water for drinking. Hospital kitchens and cafeterias are dependent on chlorine disinfectants to eliminate the hazardous food-borne bacteria such as salmonella and E.coli on food preparation surfaces. This, in turn, is enabling broader use of chlorine disinfectants. Due to these factors, the global chlorine disinfectant market is expected to cross US$ 3 Bn in 2023, increasing at a promising growth rate.

The chlorine disinfectant market will continue to witness high demand from industrial wastewater, textile leaching, swimming pools, and hospitals in the near future. One of the prime segments of the chlorine disinfectant market is industrial water treatment. Chlorine is widely used due to its property of effortlessly killing pathogens present inside contaminated or infected water.

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Yearly, approximately 58 million metric tons of chlorine is produced across the world for its primary and tertiary sectors. Due to its properties of being an exceptional oxidizing agent, disinfectant and bleaching agent, chlorine has large-scale industrial applications. Owing to this, the chlorine disinfectant market is expected to grow promisingly in the near term.

APAC Continues to offer Lucrative Opportunities for the Market Players

APAC will remain the epicenter of growth in the chlorine disinfectant market, due to the top-line growth of industries such as healthcare and water treatment. Singapore, Vietnam, Indonesia, and other populated countries have a noticeable contribution to the region’s population. With the expansion of population, demand for construction buildings for commercial and residential purposes is catapulting at an unprecedented rate. Owing to this, the construction industry is demanding chlorine disinfectant in abundance. Thus, the market for chlorine disinfectant will gain considerable traction.

Demand for chlorine disinfectant is witnessing a huge rise in APAC, due to the COVID-19 pandemic. The governments of various countries in APAC have ordered the municipal authorities to use chlorine as a disinfectant. This has changed the dynamics of chlorine disinfectant in the regional market place.

Industrial Wastewater to Remain Primary Application Area

Leading players in the market are concentrating on industrial wastewater, where chlorine disinfectants are commonly used in various forms such as solid calcium hypochlorite or liquid sodium hypochlorite solutions. Chlorine disinfectant applications in industrial wastewater are poised to account for revenue worth US$ 2 Bn.

This growth is attributed to the increasing use of chlorine disinfectants as it strikes an ideal balance between environmentally friendly treatment for waste streams and low cost in comparison with other chemical compounds. Owing to these properties of chlorine disinfectant, the market is expected to gain traction in the near future.

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The use of chlorine disinfectant is immense in the industrial wastewater treatment, as it is an excellent chemical agent for killing pathogens. Additionally, water treatment facilities have started using chlorine disinfectants in the walls of reservoirs where water is stored for supplying to the villages and cities. This has provided the impetus to the chlorine disinfectants market and will act as an important growth driver post normalization of the COVID-19.

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How the Coronavirus Outbreak Will Impact the Growth of Body Armor Market?

With a wealth of technologies on the horizon, new test standards are being written or reviewed and innovative products released for body armor materials and systems. The protective role of body armor against most rifle, submachine gun, and pistol fire continues to offer tailwinds to the market growth. In recent past, key players in the body armor market have been increasing their investment in product innovation to enhance elasticity, ensure far protective systems, and provide improved capabilities while imposing less weight on the user. Additionally, an embrace of R&D has been underway for fibrous fabrics and materials for soft body armor. Increasing demand for a huge range of personal protective equipment and armored vehicles in line with strong global focus on counterterrorism and improved battlefield effectiveness significantly contributes to the growth of the body armor market.

In the current scenario, the coronavirus outbreak is expected to result in grave downturn in various markets related to defense industry and the body armor market is no exception. While it is still early to determine whether the market will be flat, see sales slump, or grow unaffected by the pandemic, stakeholders must analyze the major impact points and their potential to affect production, supply chain and bottom lines.

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The local or regional body armor markets affected the outbreak and stakeholders dependent on the supply chain located in affected countries such as the U.S., China, and India will be the immediate victims of the pandemic. Additionally, several governments are targeted towards deprioritizing defense spending while focusing on expansion of healthcare facilities. This, in turn, is expected to create a hindrance in the body armor market growth. While innovations have been forthcoming among market players to set their products apart from the competition, commercialization of body armor is characterized by extensive testing and evaluation. However, the current scenario does not augur well with such business development practices.

Body Armor Market – Longer-term Outlook Remains Positive

While tradition assumptions and forecast statistics of the body armor market are rendered irrelevant due to disruption of the current outbreak, key players must focus on future outlook of the market. Most stakeholders have business continuity plans and the trend of customization of body armor for mission-specific requirements will work in the favor of the market growth.

North America contributed 1/3rd of the total sales of body armor in 2019 and will continue to carve out a larger size of the global market value. In the U.S. market, the current situation appears less dire with demand supported by budgeted government spending on the defense industry. Heightened scope of application among law enforcement officers, security personnel, and civilians will also continue to open new avenues for revenue growth. In Asia Pacific, increasing warfare and cross border disputes remains key growth influencer of the body armor market. Additionally, several countries in the region are expected to increase their military recruitment and subsequently lead to surge in the adoption of body armor. Material advances in body armor are generally driven by the need for weight and cost reduction.

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Ultra-High Molecular Weight PolyEthylene (UHMWPE) fibers and fabrics stayed in demand against other materials for body armor, owing to their excellent ballistic performance against high-velocity fragments. However, significant advancements in technologies and modern initiatives are prompting military forces and security agencies to opt for the latest protective gear. Manufacturers are thus hard-pressed to invest in advanced materials and smart textiles to enable the development of different body armor concepts and increase the levels of protection.

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Bread Improvers Market to Propel in Near Term, as Consumers Opt for Healthy and Convenient Food during COVID-19 Outbreak

Bread improvers play a crucial role in defining the functional and physical properties of bakery products. Bread improvers are used to boost taste, texture, color, and stability of bakery products such as cakes, donuts, buns, biscuits bread, croissants, rolls, and pizza. Emulsifiers are among the major ingredients that are primarily used as bread improvers in bakery product applications. Additional ingredients such as oxidizing agents, enzymes, and reducing agents are also commonly used in bakery applications. Bakery companies have been progressively innovating their product offerings to fulfill consumer demand on functional and taste requirements including high nutritional value and low fat. Demand for different varieties of bread such as multigrain and whole wheat spurs the need for bread improvers. Owing to these factors, the global bread improvers market is expected to cross US$ 5.3 Bn through 2029.

On account of the recent COVID-19 outbreak, the dynamics of the food and beverage industry has changed remarkably. The probability of smaller companies and micro bakeries of surviving the looming recession caused due to COVID-19 is vulnerable. On the other hand, likelihood of bigger commercial bakeries surviving is substantially high. Nonetheless, this does not protect the bigger companies from the ongoing turmoil. Some leading players such as PepsiCo have already halt their production of cereals and snacks owing to rapidly spreading COVID-19 infection among people. Similarly, other companies have ramped up their production to offset the growing threat from COVID-19 pandemic. Post normalization of the COVID-19 situation, bread improvers will start gaining impetus.

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Subsequent Focus and Rising Demand for Clean Label Bread Improvers

The mounting concerns over food quality and safety amid consumers, complexities in food products, and the global increase in food trade have led to the pre-requisite for innovative and new ingredients and food processing methods. The trend of utilizing healthy and organic food ingredients is a result of the demand for clean-label bread improvers. These products are free of harmful chemicals and synthetic additives across the globe, especially in developed regions such as North America and Europe. The demand for clean label bakery products is growing speedily in developed economies such as the U.S., France, Germany, and the U.K. Thus, the booming food & beverage industry and changing lifestyles have uplifted the demand for clean label bread improvers.

The demand for clean label bakery products is rising worldwide owing to the growing concerns of consumers related to the quality of diet. In the European Union, bread is considered as a staple food; however, consumers keep looking for healthful alternatives to the bakery products produced using clean label ingredients. Owing to this, food companies are launching new products made with enzymes that have emerged as a clean label option in the bread improvers market. Increasing innovations within the bakery industries are likely to drive demand for bread improvers.

Owing to the COVID-19 pandemic, demand for bread and bakery items has spurred rapidly. As consumers are stockpiling their personal pantries, significant demand for bread and bakery products is being witnessed. Gradually the supply of these products is reducing, as manufacturers are not ramping up production any further. Thus, demand for bread improvers is likely to grow at a moderate rate.

Growing Application Scope of Bread Improvers
Bread improvers are conventionally used to decrease the time needed for flour dough to rise and to improve its workability. However, with growing investments in R&D, new applications are emerging. For instance, mounting usage of certain enzymes in the dough, are added to the dough, to decrease its protein solubility. Thus, they enrich both the nutritional and taste profile of the food product. A few other emerging applications include textural improvements, flavor enhancements, protein-based fat replacements, are prolonging shelf life.

Bread improvers find myriad applications in bread, pastries, buns, muffins, rolls, and cakes for prolonged shelf life in order to maintain its softness. Many pastry and cake producers have commenced marketing single-serve pastry products, by considering the overall trend of shorter preparation time and increased convenience. Flour used in baking is generally treated with cake or bread improvers to have characteristic texture and taste. Therefore, in developing regions such as APAC, increasing demand for patisserie products is likely to augment the demand for bread improvers in the region.

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COVID-19 pandemic has bolstered the demand for bakery products at the initial stage. However, declaration of nation-wide lockdowns has created havoc among consumers, and as a result, they have stored the eatable products in bulk. Therefore, the current situation has started to disrupt the supply chain of food products along with shutdown of factories. Owing to this, the demand for bread improvers is growing at a slow pace. 

Bicycle Bags and Bag Packs Market to Witness a Dip in Production and Revenue in the Age of COVID-19

COVID-19 is an economic and health disaster that has permanently changed the way people live and work. The effect of coronavirus on consumer products industry is profound and lasting. This crisis is fundamentally changing what and how consumers buy, which is accelerating massive structural changes in the consumer goods industry. Further, in some of the developed countries, the imports and exports of consumer goods have reduced tremendously. The impact of coronavirus has created a shift in priorities for consumer goods. Government is taking certain actions to keep the production ramped up for essential consumer goods. The production of only basic goods is being largely focused on to meet the needs of the consumers. Due to this, manufacturing of bicycle bags and bag packs are on halt across the globe.

Surging Use of Multi-Functionality Bicycle Bags and Bag-Packs

Multi-functionality of bicycle bags and bag packs is expected to boost the market growth during the forecast period. These bags are designed in such a way that they offer several benefits. They are convenient and compact for traveling with additional features for bicycle shoes, kit, helmet, and other accessories. Moreover, some of these bicycle bags are designed to keep laptops, thereby enabling working population and college students to ride bicycle to work and colleges efficiently.

With the development in retail and consumer goods products, manufacturers have also started manufacturing bags in the market that are highly durable. As a consequence, these bags are also being used for local traveling, gym, workplaces and are also carried during international competitions. These factors are heightening the demand for bicycle bags and bag packs.

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Bicycle Carrier Bags to Gain Traction

Carrier bags hold a major share in the global bicycle bags and bag packs market, owing to growing awareness among customers along with rising retail space for the product. Accelerating trends of long tours and bicycle tourism for social causes are the major reasons giving impetus to bicycle riding. In addition, these bags lower the center of gravity of the bicycle that helps in balancing the cycle and are specially designed for this purpose. As a result, there is huge demand for cycle carrier bags globally.

New Products Emerge as Game Changers in Bicycle Bags and Bag Packs Market

  • Aeroe Bike Pack: In January 2019, bicycle bags and bag packs market witnessed an introduction of BikePack by Aeroe. This is versatile bag designed, tested, and verified for carrying gear on bikes. It is rugged, lightweight, and has quick mount and release action and is a perfect fit for any long cycling tours, MTB expeditions, urban commuting for everyday use. This BikePack is also perfect for use on eBikes.
  • Rapha Rolltop backpack: The Rolltop backpack by Rapha is one of the latest product launches for fashionistas of cycling and designed to promote city slicker styling, an upcoming trend in Western countries, matching different types of bikes. These backpacks are widely being used as they have abrasion-resistant fabric and are water-resistant and easy to rummage around inside the cavernous interior. Also, the black stripes on the back have a series of attachments for locks and lights.

Celebrity Endorsement to Remain Key Growth Strategy

In recent times, manufacturers are hiring celebrities to promote their brands. This is expected to boost sales of bicycle bags and bag packs as they spread positive word-of-mouth and promote the brand on social media. Consumers perceive these celebrities as having immense credibility and respect their opinion. Owing to this, sales of bicycle bags and bag packs are poised to grow at a modest rate in the near future. 

The outbreak of COVID-19 has resulted in the rise of number of people staying indoors causing a reduction in the cycling tours and related activities. This has impacted the way the companies are marketing their products. Also, it has critically hampered the production of bicycles and related accessories such as bicycle bags and bag packs.

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Online Sales for Bicycles Shoes are Anticipated to Skyrocket Post COVID-19 Pandemic

Coronavirus pandemic and its implications on the bicycle industry have disturbed the overall sales of bicycle accessories such as bicycle shoes. Manufacturing, supply chain, as well as logistical operations are critically hampered, resulting in an uncertain business outlook in the near term. Some of the leading manufacturers of bicycle shoes have already warned their investors and customers that the company no longer anticipates a quick bounce-back of business after coronavirus outbreak is contained. Some of the companies at the beginning of 2020 were under the assumption that the situation will normalize in a short period of time. Thus, manufacturers had strategized to achieve their full-year target. As the COVID-19 crisis is intensifying rapidly across the globe, companies are now revising their outlook.

Owing to this, it has become difficult for companies to quantify the negative effect this could have on this financial year’s earnings and revenues. Major companies such as Adidas and Puma are also witnessing a downfall in the sales for FY 2020-2021. During the initial stages of COVID-19 impact, all the offline stores remained opened except in China. As the impact of the virus spread globally, the market players had to shut down their production and keep their stores closed, which severely affected the sales of the bicycle shoes. Moreover, few stores in some of the regions are operating under reduced opening hours as enforced by the government of the country.

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Some of the small companies are planning to promote their products online, as they are unsure of the normalization of the situation throughout the financial year. Furthermore, China resumed back all its operations after a long-term lockdown. It has opened all seaports and ground transportation as well as outbound logistics. This has given some relaxation to the manufacturers for a smooth supply chain. For instance, Adidas and Puma have their major manufacturing units of sports accessoriessuch as bicycle shoes in China. All their facilities remained shut during the lockdown period in the country. This affected the sales of both companies. Thus, some of its stores have reopened and the expected loss will soon be recovered in the country.

Furthermore, this crisis is also encouraging bicycle shoe manufacturers to promote their products on the online shopping portal. In addition, the step taken by the manufacturers will also be beneficial in the long run. Due to this the e-commerce industry is poised to gain significance in the global market. Additionally, due to global lockdown, the people are experiencing weight again. Owing to this, the demand for bicycle shoes will skyrocket, as most of the population will involve themselves in fitness activities such as gym, cycling, and recreational activities.

Surging Female Participation to Push Product Demand

An increase infemale participation for cycling sports is becoming a trend. Health consciousness is one of the major factors that is boosting the interest of participation in females. In addition, female candidates are highly inclined towards leisure activities when compared to sports;however, there is growth in cycling sports participation. Another factor catapulting female participation is the growing media attention. As per British Cycling, from 2013, more women have started taking up cycling in the UK and it has reached the target of getting one million women on bikes by 2020. Similarly, a surge in female participation in cycling sports is experienced across the globe. All these factors are driving the female cycling participation, which in turn, will augment the sales of bicycle shoes across the globe. On the back of these factors, the global bicycle shoes market was valued at US$ 998.7 Mn in 2019.

Growing Bike Sharing Trend in the U.S Influences Product Demand

Corporate sponsors’ logo, stylish branding, and dockless bike sharing are transforming transportation facilities in the United States. Dockless bike sharing is trending across the city as the users can easily park their bikes anywhere within defined locations and lock or unlock the bike with the help of a smartphone application. This is a cost-effective approach that allows the provider to charge lower user fees. Furthermore, Seattle city is expected to have one of the largest bike share systems in the country. Emergence of this trend has vastly escalated the demand for bicycle shoes in the U.S.

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Innovations and Ongoing Trends in the Bicycle Shoe Market

Over the recent past, the global bicycle shoe market has witnessed an increase in the adoption of the product due to growing initiatives taken by gyms, associations, and companies as fitness weekend programs and CSR activities. This, in turn, is accelerating the sales of the cycling accessories such as helmets, bags and bag-packs, and bicycle shoes among riders. Demand for bicycle shoes such as mountain bike shoes and road bike shoes are showcasing noteworthy growth. Likewise, manufacturers are focusing on product development in order tobring a new style and design in the market space.New product launches also support the growing interests of customers for adventure sports.

  • In March 2020, Leatt introduced an innovative shoe for mountain biking activity. These shoes are a combination of comfort, design, and control for mountain bikers at all levels. It also offers innovation of carbon rubber soles that provides stability, adherence, and durability while biking.
  • In February 2020, Rapha expanded its product range of shoes with the addition of Pro team road shoes. It is among the most elegantly stylish and comfort product launched by Rapha. It has undergone hydrophobic treatment that enhances the suitability in wet conditions. This shoe is becoming a trend in the U.S bicycle shoes market. Owing to these factors, these shoes are also gaining traction in cycling sports.
  • In November 2019, PEARL iZUMi, one among the world’s leaders in cycling footwear and apparel, introduced a variety of shoes. The company is popular for innovative bicycle shoes designed especially for gravel riding, indoor studio cycling, and new road shoes made of full carbon -fiber sole. The company debuted all its footwear at Eurobike 2019 as a promotional strategy and to enhancethe customer base.

In August 2019, Bontragerlaunched XXX mountain bike shoe for incredibly comfortable and supporting mountain rides, stiff enough for efficient paddling. These shoes are lightweight in nature as they are particularly made for mountain racing and are an ongoing trend in the bicycle shoes market.

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COVID-19 Impact: A Mix of Opportunities and Challenges for Ammonium Phosphate Market Players

Farmers continue to prefer ammonium phosphate for sustained and healthy growth of plants. Notwithstanding environmental implications, excessive utilization of ammonium phosphate will remain prominent in fertilizers for improving cultivation. Therefore, increasing need for enhanced yield along with rising investments across agriculture-driven economies will continue to catapult the consumption of ammonium phosphate across the globe.

The global market for ammonium phosphate market is expected to grow at a CAGR of approximately 3.3% over the forecast period 2019-2029. Proliferation of fertilizer manufacturing plants in APAC is driving the sales of fertilizers such as ammonium, monoammonium and diammonium phosphates in the region. Most of the demand for ammonium phosphate is generated from countries such as China and India. They are considered as the major consumers, producers, and exporters of ammonium phosphate. Furthermore, the Middle East and Africa are among the regions with the largest demand for ammonium phosphate consumption & production and this trend will continue to grow during the forecast period.

However, the impact of coronavirus pandemic in China on the chemical industry is adverse, resulting in the shutdown of manufacturing units and restrictions on logistics and shipments to other countries. Owing to this, other buyers around the world are experiencing losses.

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Egypt to Become Major Supplier and Buyer of Ammonium Phosphate

India is among the major buyers and exporter of ammonium phosphate from China. This is majorly supplied from Hubei – the center of the coronavirus outbreak – which was sealed off previously. India will now look to Jordan, Saudi Arabia, Morocco, and the United States to fill the gap in supply in the following years to overcome the losses incurred during COVID-19 impact. Imports of ammonium phosphate are crucial for millions of farmers across the globe that utilize it as fertilizer to boost yields for crops such as wheat, rice, sugar cane, and cotton.

Producers in countries such as Morocco, Saudi Arabia, and the U.S. can enhance their production of ammonium phosphate to fulfill shortages, as most of them have been operating under capacity in the past few months. Furthermore, potential investors in the ammonium phosphate are planning to set up facilities in Egypt, which will help in meeting the growing requirements from various regions across the globe.

Demand for Urea Impacted Due to COVID-19 Lockdown

Till 2019, the global economic downturn did not impact urea fertilizers in the ammonia phosphate market. After surge in the number of affected cases of COVID-19, the demand for urea has decreased in India, resulting in decline of the market revenue. The decline was also caused due to significant quarantine measures across consumer regions such as Europe, Italy and Spain. Moreover, in the US, the government has abandoned imports from other countries due to the nervousness surrounding market conditions, depreciation of profit in the chemical sectors, and poor weather.

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Positive Outlook of COVID-19 on Ammonium Phosphate Many companies have declared huge donations in cash and goods for supporting the global chemical industry in countries still witnessing coronavirus impact. Furthermore, Hubei Province in China has currently resumed its some of the domestic monoammonium and diammonium phosphate plants. Also, Chinese government is planning to increase efforts to help transportation and logistics firms resume operations to support the demand for ammonium phosphate from farmers in other countries. .  China is considered to have the strongest economy, and if the impact is too severe in the country China’s chemical industry will have a much bigger impact on the global suppliers and customers.

COVID-19 Pandemic to Derail Growth of Ablation Devices Market in 2020

With rising number of COVID-19 cases worldwide, the apprehension around storage of essential life-saving devices and critical medical supplies to provide optimum care to the patients is increasing. Additionally, until a pharmacological cure is discovered, medical ventilators will remain an essential treatment preference for COVID-19 patients, who may require critical assistance. Moreover, there is an urgent need for a rapid acceleration in the manufacturing process for a wide range of personal protective equipment (PPE) and test-kits such as antibody tests.

Over the recent past, ablation devices have witnessed huge technical improvements. These devices are commonly used as frontline therapy and offer the benefits of enhanced patient safety, patient quality of life, and clinician efficiency. Affordable minimal invasion procedures and long-term hospitalization are expected to boost the growth of the ablation devices market in the near future. This device has gained clinical significance across several medical applications.

The healthcare landscape has been aggressively moving towards greater clinical efficacy, patient-centric models, and reduced hospitalization rate which are presently the major concerns among patients. The result of these transformations is expected to influence the growth of the global ablation devices market which is set to surpass US$ 8 Bn mark by 2029.

Prevalence of Chronic and Cardiovascular Disease to Uphold Market Growth

Growing prevalence of chronic and cardiovascular diseases is the primary factor driving the ablation devices market revenue. Changing eating habits and the sedentary lifestyles of today’s consumers make them susceptible to chronic diseases such as heart stroke, heart diseases, arthritis, cancer, and chronic pain such as knee pain and low back pain. Ablation devices have gained significant traction in treating these chronic diseases. Hence, growth in number of geriatric population and rising prevalence of chronic diseases are expected to provide impetus to the ablation devices market.

In 2020, the coronavirus outbreak has impacted a large of population across the globe. With the rapid spread of the disease, patients suffering from cardiovascular or chronic diseases along with elder demographic with comorbidity are becoming highly vulnerable to the new disease. Owing to this, these people are adhering to government orders of social distancing to protect themselves. Additionally, this situation has put across a complex situation for ablation devices market players.

The pandemic is spreading and resulting in fatalities, which is making it difficult for ablation devices market players to react accordingly. People suffering from cardiac and chronic diseases are continuing their treatment at home. As the healthcare industry is addressing the pandemic, companies manufacturing ablation devices are planning on devising strategies and setting targets for future. This will prevent the manufacturers overcoming the losses incurred.

Radiofrequency Ablation Devices Gain Impetus in Tumor Treatment

Radiofrequency ablation devices have become an important and alternative treatment device for patients who are in the early tumor stages or disqualify for standard surgical treatment. In cases where tumor resection is not feasible, radiofrequency ablation devices remain highly preferred treatment option for small tumors, especially the liver. Radiofrequency ablation devices are preference over surgical procedures, as the patient recovery time is less, while post-procedural quality of life is better.

While many more treatments for cancer exist, healthcare experts prefer radiofrequency ablation devices for the treatment. As they treat cancerous cells to improve the survival of high-risk patients with un-resectable and refractory tumors, demand for RF ablation devices remain exponentially high. These devices reduce the probable side effects and are used on patients suffering from several tumors that cannot be treated through open surgery.

The COVID-19 pandemic has impacted every aspect of the healthcare industry. Balancing the risk of COVID-19 for patients suffering from cancer requires effective treatment using radiofrequency ablation devices. The high rates of sickness among health professionals due to COVID-19 are noticeably reducing the number of staff in the hospitals. Due to the pandemic, healthcare professionals are assisting only emergency cases other than COVID-19 patients. This situation has given rise to new ways of treating cancer patients by reducing the use of radiofrequency ablation devices. Innovations are expected to increase the demand for such ablation deices for oncology services.

North America and Europe to Maintenance their Supremacy

Collectively, North America and Europe capture around 70% of the total revenue share. Governments of both regions are significantly investing in the healthcare industry in order to provide assistance to expanding patient pool of oncological and cardiac disorders. Furthermore, high prevalence of cancer, increased healthcare expenditure, and technological advancements are the other factors escalating the demand for improved healthcare infrastructure. However, the impact of COVID-19 in both regions is frightening.

The improved healthcare infrastructure is now converted into isolation wards for patients suffering from the new disease. Owing to these factors, patients with other health problems who are highly prone to this infection are taken to other healthcare facilities. In the U.S., patients dealing with heart issues and cancer have been taken out of the hospitals in order to accommodate people who are COVID-19 positive.

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Almond Ingredients Market to Expand at 10% CAGR through 2029; Demand Ramps up Amid COVID-19 Outbreak

The food & beverage industry has moved considerably quickly to adjust to a spectacular and sudden shift in food consumption as the whole world goes into lockdown. However, there are other disruptions with more and more countries blocking food exports, while movement restrictions are impacting the supply of essential products. Some countries have banned the import and export of food commodities to other countries. The result is creating a huge disruption in supply chain. Demand for almond ingredients, on the other hand, is catapulting rapidly, owing to consumers’ inclination towards health-boosting food products.

In the current situation with significant supply chain disruptions, stores are running short of products, and there is a huge demand-supply gap. Owing to this, the retailers and shoppers are selling products at higher prices to the consumers. Similarly, the retail prices for almonds and almond products are becoming costlier for consumers as compared to other nut products. Post normalization of this pandemic, retailers and shoppers are expected to sell almond and almond ingredients at an affordable rate.

The global almond ingredients market is expected to surpass US$ 33 Bn by the end of 2029. Demand for almond ingredients is expected to increase at a promising growth rate. The spread of COVID-19 in developed and developing countries has impacted consumers’ behavior considerably. Consumers are looking for highly nutritious food, which in turn influences the demand for almond ingredients.

Growing Health Awareness among Consumers to Fuel Global Demand

Among different types of almond ingredients, whole almonds are the most popular owing to its myriad applications in bars, snacks, bakery, confectionery, and ice cream and frozen desserts. Almonds are multi-nutritional ingredients consumed widely by consumers as nutritional bars and snacks.

 Almond ingredients are witnessing huge demand in the current crisis of COVID-19, as they are essential to build up immunity. Almond ingredients are widely found in dietary supplements, as they are rich in protein and antioxidants. They are naturally conserving additives. These are the key factors driving the growth of the almond ingredient market. In addition, increasing inclination towards plant-based food is further bolstering opportunities for the growth of the market. Owing to these health benefits found in almond ingredients such as controlling sugar level and blood pressure, they are commonly used in comfort food, snack and protein bars. Thus, there is an increase in the sales of snacks, protein bars, and comfort food. The consumers are stocking on essential food items to survive during the quarantine period, which is expected to augment market growth.

Demand for Plant-based Product Gains Huge Prominence in the Market

Almonds are now becoming popular plant-based products, creating new scope for plant-based snack and bakery applications. Food companies are planning to launch innovative products such as the use of almond ingredients for making plant-based burgers. Moreover, use of plant-based almond ingredients in baking goods is expected to gain traction as compared to almond milk.

Most consumers, particularly millennials and gen Z, are more inclined towards plant-based trends and look for ingredients that they consider healthy and natural. Rapidly spreading COVID-19 is augmenting the demand for almond ingredients to stay fit and boost immunity. Owing to this, consumers are incorporating more seeds, fruits, and nuts such as almond into the foods they eat for ample health benefits. Additionally, with the growing consumption of almond ingredients, food companies are launching almonds and a variety of almond ingredients in plant-based applications ranging from snacks & bars and bakery & confectionery products. Nutritional benefits associated with almond ingredients help in contributing to positive health that can influence consumers purchasing decisions. Owing to this, almond ingredients have garnered a superfood status during the COVID-19 crisis.

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Raw Material Shortfalls Owing to Covid-19 Limitations Hindering 3D Scanners Market Expansion

3D scanners have been foreseeing huge acceptance for commercial use cases. Additionally, the 3D scanning technology flexibility to be custom-made as per professional prerequisites in various sectors has promoted its implementation all over foremost end-use sectors. Case in point, in the healthcare industry, 3D scanners are rendered to model body organs in three attributes, which is employed to produce prosthetics. They could additionally be utilized to form body implants and ease wound management. Alongside this setting, the worldwide market for 3D scanners will expand at a remarkable CAGR of over 14% throughout the assessment period of 2020-2030.

The COVID-19 pandemic has struck the profit margins of electronics makers, worldwide. As such, participants in the market for 3D scanners are presenting raw material shortfalls with weeks of holds up, on an average. Moreover, production and automotive sectors are foremost revenue creators for the market for 3D scanners, and the outbreak has harshly influenced these sectors too. Accordingly, the 3D scanners market will foresee a notable drop in requirements from these industries. A greater part of makers are estimating a drop in sales through the first two quarters of 2020, and more than 60% of participants are foretelling business operations to pull through by October 2020.

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“Latest tech-enabled progressions in the healthcare sector, investment convulsion in medical equipment, growing geriatric pool, as well as a quick-paced expansion of healthcare infrastructure in emerging regions are boosting the market development of the 3D scanners. Expansion of these scanning technologies in the healthcare sector facilitates professionals to specifically deliver accurate results and measure patients’ anatomy.”

Key Takeaways of Market Research

  • 3D hardware/scanners would keep on accounting for the foremost market share throughout the assessment decade.
  • Amid all the services, 3D modeling and design services are projected to increase at the maximum CAGR all through the approaching years.
  • Market participants keep on taking advantage of handheld/portable 3D scanners, whereas robot-mount 3D scanners will provide probable value-capture prospects.
  • Long-range (more than 300.1m) 3D scanners as well as short-range (under 1m) 3D scanners will gain a topmost revenue share to foresee implementation increase in the approaching years.
  • Manufacturing and healthcare sectors will stay as the topmost end-users of 3D scanners; the latter to reflect the most valuable aspects in the near term.
  • North America extends to employ market participants; East Asia to provide potential development avenues.
  • Foremost participants in the market are distributing their products chiefly via direct sales channels.

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3D scanners are utilized in collision evasion in addition to in-vehicle navigation applications. These scanners go with attributes, for instance, higher precision of registered measurements, making 3D scanners vastly useful for utilizing cases, incorporating collision detection and reconstruction. Additionally, hand-held 3D scanners are employed to register the insides of damaged vehicles, letting internal impairments to be analyzed, measured, and recorded. Intrinsically, 3D scanners mark off all the boxes of flexibility, speed, and safety, to provide whole collision detection in addition to decrease the effect of traffic flow.

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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

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Growing Environmental Concerns To Boost Demand for Canvas Bags Market

Regulatory prohibitions on single usage plastic by different governments worldwide, canvas bags have seen higher demand. This is foreseen to encourage the women for utilizing canvas packs which is probably going to boost demand for canvas bags in the approaching years. It has utility and could be utilized as stylish embellishment also. Canvas bags ascribing to their adaptable nature where it very well may be utilized to carry groceries or could be conveyed to gym or office, are required to observe increment in development. The assortments of shapes, size and color improve their utility which may expand its need. They are prepared of heavy duty thick cotton that improves its toughness. They are light weight and water and dust safe which brings down the keeping up.

The implementation of tote packs is quickly developing among women crediting to its wide use and assortment. Besides, canvas bags are reusable, launderable, foldable and simply storable. The customer concerns with respect to the environment and dangers of utilization of plastics has prompted higher acceptance of canvas bags. These are made of reused materials including reused polyester and organic cotton. This is probably going to expand the market need. Moreover, these are utilized by producers or brand proprietor for showcasing their brand and expanding its awareness among the consumers. Imprinting on a superficial level on the canvas bags is efficient and consequently, it is broadly utilized for marketing campaigns. Numerous NGOs additionally use canvas bags to advance a reason or increase awareness on a particular subject. In addition, canvas bags are profoundly practical and are well known amid the consumers by fulfilling quality for value expectations. These components may affect the market need for canvas bags decidedly.

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Expanding concerns with respect to the environment among the populace is probably going to drive the demand. Dominatingly in the areas, for example, European and North America nations, for example, United Kingdom and United States, the need for canvas bags is probably going to rise. Additionally, increment in the women participation in the workforce worldwide is probably going to prompt high accepatnce pace essentially in the nations in the APAC region, for example, China and India where the fashion sector is as yet developing and the government initiative to ensure environment protection is on the ascent. This is probably going to help the market development for canvas bags in the approaching years.

COVID-19 Impact on the Market

In the midst of the COVID-19 outbreak, researchers have discovered that reusable bags in the retail outlets and supermarket comprise norovirus, E.coli, and different pathogens which are unsafe. Indeed, even with preventive estimates, for example, cleansing of sacks, various handling of chains could build the danger of cross defilement without any problem. Massachusetts Health officials have requested the government to elevate prohibitions from plastic bags as it is the basic need of hour. This will hamper the consumer outlook with respect to the utilization of reusable bags as the client would be progressively mindful and worried over the dangers of contamination. This may constrain the development of canvas bags in the midst of the COVID-19 outbreak.

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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

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