Market Research Blog – Page 16076 – New Product Development

Temperature Controlled Packaging Solutions Market to Witness Increasing Intake of Perishable Food Products

Growing requirement for effective transportation of perishable food products all over distant geographies, together with elongating supply chains comprising multi-modal supply routes, necessitates best temperature handling for a longer period of time. This has ensued into enhanced sales of temperature assured packaging solutions all over the entire geographies, particularly insulated containers. This is ascribable to their higher appropriateness for temperature-sensitive and packaging perishable products.

An increase in cross-border trade of perishables all over remote regions that include multi-modal supply routes necessitate optimum temperature managing for a longer period of time. Whereas the intake of perishable food items, comprising cheese and yogurt, has increased close to threefold in the current past, the biotechnology industry is changing towards the expansion of specialty drugs and biologics. Getting a surge from these developing consumer and industry trends, the worldwide market for temperature-controlled packaging solutions (TCPS) will expand at a remarkable CAGR of all through 8% by 2030. This FMI research accentuates over a 2X increase in revenue of the TCPS market through 2030.

Growing perishable product consumption is amid the foremost aspect sustaining the expansion of the TCPS market. By gaining more than three-fifth of total revenue, insulated containers, both upright style as well as chest style, are likely to stay the favored packaging choice amid end users. In addition, insulated containers worth close to US$ 3 billion are projected to be utilized in freight transportation by 2020. Though insulated shippers, incorporating EPS and PUR shippers, considerably fall behind insulated containers based on revenue, they are expected to foresee higher growth in requirement over the years to come.

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“Foremost pharmaceutical makers need efficient packaging formats for specialty drugs and biologics, as such items are exceedingly temperature-sensitive, and any trade-off in taking care of them could fundamentally influence product proficiency. This is projected to introduce gainful development potential for all players of the supply chain in the worldwide TCPS market.”

Mainstream coolants, for example, dry ice, if not dealt with appropriately, can bring about expanded carbon impression because of spillage of CO2 fumes. Makers, thus, are supplanting these mainstream coolants with options, for example, phase change materials (PCMs), which necessitate lesser energy to freeze, are non-toxic, and reusable. Whereas material availability and compatibility of PCMs are a few of the standing concerns, their cost-sparing attribute along with different advantages exceed the negatives. Foremost players in the worldwide market include Cold Chain Technology, Tempack, and Sonoco– are now already available in giving PCM-based packaging solutions.

Temperature-controlled packaging solutions are progressively turning crucial in different ventures, worldwide. Having that stated, their usage in the healthcare, as well as food & beverage industries, is foreseen to arrive at more noteworthy statures, as these are the manufacturing center of temperature-sensitive and perishable products. Understanding the multifaceted nature in delivery and transportation, producers keep on harvesting huge benefits from these end-use sectors. Through the end of the estimated period, both, healthcare and F&B will emphasize an aggregate income of more than US$ 20 Billion in the worldwide temperature-controlled packaging solutions market.

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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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Carbon Steel keeps on to be Favored Material in the Steel Drums Market

Widespread utilization by lubricant, petroleum, and chemical industries for shipment and storage purposes, steel drums will keep on to foresee confirmed sales throughout the approaching years. As indicated by the latest Future Market Insights (FMI) study, worldwide steel drums market would foresee at a sturdy rate at 3.7% CAGR amid 2019 – 2029. Steel drums are a secure shipping and packaging solution for hazardous in addition to non-hazardous liquids. Gains in the worldwide market will be importantly added by their recyclability and reusability.

Key Takeaways – Steel Drums Market Study

Steel drums with the capability of 55 gallons are anticipated to provide lucrative prospects in the approaching decade.
Carbon is likely to be extensively favored material for producing steel drums, due to its durability and cost-effectiveness for heavy-duty packages
The chemical sector, particularly commodity chemical, is likely to be a foremost customer of steel drums
Tighthead steel drum will account for higher market share in the worldwide market, whereas open head steel drum will grow at the highest CAGR amid the assessment period
Rising export and industrialization of steel drums from China will offer growth prospects to Asia Pacific steel drums market

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Uptake of steel drums for the transport of several chemicals is likely to boost with quickly rising cross border trade from growing economies. End-users’ pull in for drums reconditioning; presentation of IBC containers and plastic drums might decelerate the expansion of steel drums market in the approaching years. Foremost makers of steel drums are anticipated to go in the reconditioning business.

Makers are outfitting steel drums with several traces and track technologies for instance RFID (radio-frequency identification) which automatically record and identify data regarding the availability and location of steel drums. RFID technology bridges the demand-supply gaps which occur because of hold up in steel drums supply, besides, to permit providers to corroborate the accessibility of steel drums to avert unnecessary costs of dispensable forms of packaging formats. This, consecutively, encourages overall efficiency and enhances commercial ties amid makers and consumers.

Implementation of steel drums in freight transportation and cargo shipping of chemicals would stay strong proceeding by 2029, due to increasing chemical trade exercises. Chiefly in commodity chemicals, usage of steel drums in this end-use fragment at present holds close 35% market share & the trend will expand promisingly in a favorable time. Conversely, makers are additionally viewing lubricants & petroleum as a lucrative application, despite appropriating comparatively lesser share in market revenues.

Key participants in the worldwide market are adopting the strategy of acquisition and growth of several manufacturing or reconditioning companies, to augment their footprints in the market. For example,

During May 2014, The Cary Company, a trader of industrial packaging took over Three Rivers Packaging, Inc., a Pittsburgh-based industrial container & packaging distributor of plastic, steel, and IBCs and fiber drums.

During August 2018, a U.S. based steel drum maker, General Steel Drum LLC took over North Coast Container, Cleveland, US-based steel drum maker.

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Government Support and New Drug Development Boosts the Oxycodone Market

Growing at a relatively modest CAGR of 4.6%, the worldwide market for oxycodone is likely to touch a market revenue of US$ 4 Billion through 2028 end—reflecting absolute dollar prospects of US$ 181.3 Million, during 2018-2019. An increase in the number of patients suffering from fatally-ill ailments, such as HIV and cancer, and a higher rise in post-operative pain drug prescription is likely to boost the usage of oxycodone as an analgesic.

As per the Center for Disease Control & Prevention, the majority of patients underwent moderate to grave post-operative pain. This aspect boosts the acceptance of opioid pain management drugs as well as indirectly boosts the market growth. Novel drug development is a bigger market prospect for the oxycodone market. Novel products with innovations in drug designing and formulations such as abuse-deterrent formulations done in Opana and Oxycontin, drive the branded opiate market. Additionally, the U.S. FDA is moreover encouraging drug producers to come up with a novel drug generation that is less addictive.

A rise in novel drug applications by pharmaceutical organizations and several products in the pipeline boosts the market. Other formulations, for example, restraint release of drugs for increased pain management are rising in the market. Advanced drug formulations, for example, elongated-release medications for pain control are instances of enhanced formulation fueling the market.

“Based on demand, higher effectiveness of semi-synthetic and synthetic opioids increases its usage. Additionally, Opioids prescription is majorly synchronized by a set of clinical practice guidelines, whereas ascertaining proper dosage and safe access. Opioids are dealt with under such strict regulations that renders into increased utilization. Increasing awareness regarding palliative care in terminal ailment conditions together with favorable reimbursement policies are a few additional demand-side aspects, increasing the utilization of opioids.”

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Key Takeaways from Market Study

Based on business expansion prospects, acquisitions, licensing agreements, and strategic investments hold noteworthy prospects.
Investments in R&D exercises will present probable expansion prospects for oxycodone makers.
Growing strategic collaborations between makers and generic drug distributors functioning in the pain management business, would prove vital to advance growth plans.
Since the need for oxycodone stays uniform all over patients of all age groups, opioids are projected to provide enhanced solubility of API and efficient drug formulations, moreover prompting makers to take advantage of the rising latent prospect.
Increasing prevalence of chronic ailments in humans and growing need for parenteral formulations worldwide, mainly in North American nations, will augment the oxycodone market growth in the region.

The productions of innovative opiate drugs are presently taking up a lion’s share. Formulations innovations not necessarily targeted at drug efficacy— are a significant supply-side driver in the worldwide market. Abuse-deterrent formulations by Purdue Pharma in Oxycontin is one such instance. Additionally, Purdue has been conceded sole selling rights for Oxycontin by 2030, after it made formulations alterations to the drug’s chemical structure, thus marketing it as a slow-releasing, ‘abuse-proof’ pill. Additionally, the FDA’s nod to novel drugs generation, making them ‘less-addictive’, would gain importance by 2028. Drug progressions in extensive-release medications for pain control will supplement to the oxycodone sales, worldwide. This landscape is projected to generate favorable acceptance prospects for long-standing oxycodone.

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Growing Prescription of Sleep Aids to Boost Narcolepsy Treatment Market

The worldwide market for narcolepsy treatment is anticipated to account for a revenue estimation of US$ 3,818 Million, recording a CAGR of 5.7%, during the forecast period 2018-2028. Future Market Insights (FMI), in its recently published market intelligence stance, spotlights significant requirement for narcolepsy treatment in North America. Narcolepsy treatment scenario in Europe, would foresee remarkable revenue expansion given the increasing affinity toward the implementation of prescription treatments and adherence to the similar on a long haul basis.

Key Takeaways from Narcolepsy Treatment Market Study

Foremost narcolepsy treatment makers are prioritizing area-specific product expansion. The product portfolio growth is majorly targeted in the APAC region.
Apart from novel product expansion—majorly increasing from the existence of low price generic interpretations of patented drugs, strategic acquisitions, and partnerships with pave way for additional business growths.
Makers in the worldwide narcolepsy treatment market are additionally concentrated towards presenting novel R&D units in several geographic regions.
Industry leaders are centering on keeping up long-term partnerships with pharmacies- in retail and hospital, e-commerce, and drug stores. Sales via e-commerce distribution channels are likely to add a remarkable revenue share in the worldwide narcolepsy treatment market.
FMI has additionally noted a rising center on the preparation of well-known combinations and products, by makers in North America to accomplish wide penetration and higher sales.

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There is a cognizant transfer from OTC medication to devices handling narcolepsy, fueling remarkable revenue expansion for the devices category in contrast to drugs. Increasing cases of inappropriate addiction and medication, transforming into severe side effects incorporate prolonged drowsiness, headache, performance problems, and daytime memory, death in some cases, and allergic reactions, is the foremost increasing aspect. These side effects are together with prescription-based in addition to OTC sleep aids. Increasing the need to treat narcolepsy with BiPAP is likely to boost this fragment of devices—anticipated to increase at the maximum CAGR. Additionally, devices in portable in addition to available-for-rent formats would translate into high implementation rates, all over the assessment period. Portable CPAP (Continuous Positive Airway Pressure) devices are smaller and lighter and could also be utilized as a home-based unit, moreover bringing down the reliance on prescription drugs and OTC pills.

Whilst explaining the expansion trajectory of the market, a senior analyst from the healthcare field emphasizes increasing healthcare spending and growing incidence events of orthopedic disorders and fracture fixation as the foremost aspects adding to the need for narcolepsy treatment towards 2028 end. “Regulatory inflictions by several worldwide authorities incorporate the European Commission and FDA along with altering taxation policies, regulations and currency fluctuations are a few high-impact aspects boosting the worldwide need for narcolepsy treatment.”

Though the narcolepsy market is growing at a remarkable CAGR, long awaiting time for sleep services, and absence of awareness and held up diagnosis, stern side effects of sleep aids medication, absence of proper documentation for the licensing and usage of sleeping pills, in addition to unconventional equipment regulations are a few critical aspects anticipated to constrain the market development of narcolepsy treatment.

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Increasing Awareness regarding Benefits of Microbial Lipase is Fueling Expansion

The global market for microbial lipase will be reaching US$ 915.9 Billion by 2029 end exhibiting a sturdy CAGR during 2019-2029. The market was estimated at US$ 510 Billion in 2019. The increased usage of enzymes in toiletries, dairy foods, feeds for animals, in addition to cleaning agents is likely to fuel expansion in the worldwide market for microbial lipases. The ever-rising need for microbial lipase in several industrial applications such as animal feed and milk production aids to boost the market for microbial lipase.

Key Takeaways from Market Research

The microbial lipase sector is directed by the Asia Pacific market throughout the years to come.
The growth of leading worldwide microbial lipase makers and the rise in the implementation of lipase enzymes are growing requirements for microbial lipases in the APAC region.
It is projected that the powder microbial lipases type leads the market, as a result of the customer’s preference in the coming years.
As a result of their several applications in an extensive scope of food procedures, the requirement for lipase, particularly from microbial sources, is likely to reflect significant expansion over the years to come.
The liquid category, on the basis of form, comes out as a dominant segment and is projected to keep on directing the market by the duration of the assessment period.

“In several nations, the absence of clearness in lipase patent security laws, as well as the absence of an unclouded regulative structure, impedes development in microbial lipase requirement,” said a lead analyst at FMI.

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Coronavirus Outbreak would Influence Expansion of the Market

The lockdown because of the corona outbreak may seriously affect the inventory side of the microbial lipase showcase. It might as well influence the distribution and production of their services and goods. Once the lockdown is revoked, there is a very chance that there would be a rise in sales that would be met through present inventories of the organizations in the microbial market. Increasing populace alongside expanding economic standards has prompted expanded expenditure on food services. Like the previously mentioned forecasts, conversely, the market could make a beeline for harsh waters.

Microbial lipase assumes a significant job during the time spent processing. It assists with keeping up the ideal levels of the enzymes present in the pancreases. There are different conditions, for example, bloating, stomach cramps, and indigestion that might happen because of high fatty food intake, and starches. Such microbial lipases permit certain ailments to be forestalled. Microbial lipase likewise helps in obesity, diabetes, triglycerides, and cholesterol prevention. The market will considerably pick up from the developing need from the F&B, cosmetics ventures, oleo producing sectors, as well as biosensors. A few of the key components adding to the development of the market are the developing awareness amid end-clients contrasted with plant or animal lipase, expanded utilization of enzyme-modified cheese, and enzyme-modified dairy products. As a result of these variables, the market is likely to show a potential development.

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Demand for Insect Feed Will Rise in Pig and Poultry Nutrition

The worldwide market for insect feed is anticipated to account for US$ 2204.7 Million towards the end of 2030. The market is estimated at US$ 850 Million in the year 2020. It would reflect a CAGR of 10% during 2020-2030. The increasing need for fish farms has added to a rise in fish oil and fishmeal prices. Insect feed as a result serves as a feasible protein-rich aqua feed substitute. This is distinguished as one of the foremost aspects fueling the market.

Key Takeaways from Market Study

The poultry nutrition category in the emerging economies has amplified quickly
North America is an aggressive market with huge development for the foremost participants in the insect protein market
The APAC region stays dominant in the market since they are the biggest producer in the aquaculture category.
The availability of insect feed is anticipated to increase the drop in feed costs for farmers and suppliers.

Ascend in soy and fish meal costs is urging feed makers to change their inclinations towards insect protein to satisfy the expanding need for poultry feed and aquaculture. Organizations working in the market are likewise concentrating on embracing systems that will empower them to grow their portfolio quality along with regional footprint,” said a lead analyst at FMI.

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Altering agricultural strategy, growing disposable income, increasing demand for nutritional animal feed and growing populace in the market are the foremost aspects boosting the need for insect feeds. Based on the source, insect feed is extracted from meal worms and fly larvae. The need in both categories is likely to upsurge in retort to the increasing need for nutritional animal feed.

Europe as of now accounts for predominance in the market anyway in the approaching years. The APAC market is probably going to provide worthwhile development prospects. Increasing meat utilization in Asia-Pacific has empowered the need for healthy insect feed over the most recent couple of years. To satisfy the nation’s developing need for nutritious meat, domesticated animals are being fed of protein-rich insects. This has prompted the ascent of the livestock insect feed sector, for example, poultry and swine, in China, along these lines driving the nation’s general insect feed market. The lessening in the rural populace boosts the income shares of the present rustic populace, therefore fueling the nation’s insect feed market since it is a significant wellspring of income in the countryside.

Production Restriction as a result of COVID-19 Outbreak would Impact Development

The outbreak of the worldwide pandemic, COVID-19, has prompted a worldwide emergency affecting the insect feed market. The pandemic is as of now indicating for the following worldwide recession. Different governments are taking sturdy activities to contain the outbreak. Social distancing guidelines authorized are probably going to profoundly affect the market for insect feed. Insufficient manpower as well as logistic problems are limiting manufacturing. Moreover, averting towards meat utilization might hamper market development in the insect feed.

Companies functioning in the worldwide market for insect feed are concentrating on joint ventures and mergers with insect rearing and processing industries to attain market share. A few of the foremost vendors of the market for insect feed are Buhler AG, Nextprotein, Hexafly, Entofood, Enviroflight, Diptera Nutrition, Agriprotein, and Coppens.

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Growing Dependence on Healthy Diet Regimes Amid Consumers to Push Fibers & Specialty Carbohydrates Market

The worldwide market for fibers & specialty carbohydrates is projected to touch US$ 16919.5 Million before the conclusion of 2030. As per research by Future Market Insights, the market would show a consistent ascent at a CAGR of 6.1% during 2020-2030. This ascent in market estimation could be credited to increasing need for plant protein in the midst of, expanding veganism and health concerns around the world. As per the report, increasing worries over decreased cholesterol levels are anticipated to advance the utilization of nutritionally enriched foods, which, thus, will drive the market development over the projected time frame.

“With evolving lifestyles, buyers are getting furthermore aware of the medical advantages of high fiber content in food. The per capita income level and ever-expanding populace will end up being a promoter for the requirement for functional food and beverages, prompting an expansion in need for fiber and specialty carbohydrate (nutraceuticals) ingredient,” said a lead analyst at FMI.

Shoppers are demonstrating more noteworthy accentuation on a healthy lifestyle. Increasing utilization of food products with higher nutritional profiles, for example, breakfast cereals and fortified bread are likely to have a positive influence on the market. Additionally, expanding awareness in regards to nourishing advantages related to fibers in the food & beverage industry is ready to impel market revenue pool in the years ahead. A rise in instances of gastrointestinal disorders and obesity is affecting customers to quicken their workday towards nutritionally affluent food items that comprise low cholesterol content, subsequently actuating the market development over the next decade.

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Nationwide lockdowns, and travel restrictions, and bans on export-import activities because of the COVID-19 outbreak are upsetting supply chains of the worldwide market. Post regulation of the pandemic, the market is likely to experience a resurgence as consumers keep on searching for healthier food items. Then again, whilst the financial effect of COVID-19 pandemic continues, the market is probably going to consider constraints to be governments all over the world report countrywide lockdowns, in this manner, constraining free movement.

Emphasis on health and healthy living are two of the present most usual trends. Increasing utilization of food items with a higher nutritional content incorporating fortified bread and breakfast cereals because of their developing use as a meal diet is likely to have a significant market impact. Moreover, expanding awareness towards nutritional advantage related to fibers in the food and beverage sector is likely to extend the market size throughout the approaching eight years. The developing concern regarding gastrointestinal disorders and obesity is likely to support the utilization of healthfully enriched foods with lower cholesterol levels, which thusly will drive advertise development throughout the estimated time frame.

Key participants in the fibers & specialty carbohydrates market incorporate ADM, Tate & Lyle Plc, Cargill, Inc. Du Pont, Ingredion Incorporated, DSM, Südzucker AG Company, and Roquette Freres. Product formation and innovation of key organizations with distribution channels are projected to stay critical achievement aspect over the estimated time frame. Leading players are going into a vital meeting with distribution channels to improve their business impression.

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Rising Preference for Certified Food Products to Push Food Testing Market

As indicated by the latest research by FMI, the worldwide food testing market was likely to touch ~US$ 5 Billion in 2019. The rise in the demand for food testing is supported by several aspects, incorporating the altering administrative situations and purchasers’ needs around the world, alongside ceaseless research & development for the dispatch of new and financially savvy tests.

“Food testing market is projected to register a high development rate, attributable to customers’ need for sound and safe food products. With the environmental change making unfavorable impacts on the food supply chain and food, a prerequisite of food testing is getting vital, particularly in emerging economies,” says FMI report.

With continued urbanization and digitization, the food & beverage industry in emerging economies, for example, Brazil, India, China, and other MEA nations is expanding at a quicker pace. Conversely, emerged nations, for example, the U.S., Japan, Germany, the Netherlands, and the U.K. rely upon different nations for food supply as well as import the majority of the food from different nations. Such globalization of the food supply chain is bringing about an expanded need for food testing, in the perspective on strict rules and regulations enforced in the importing nations.

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As of late, shoppers have been fundamentally shifting towards foods with clean certification and labels, for example, Halal and Kosher, in this way conceivably raising the requirement for food testing. With cloud twirling above the ‘health halo ‘ impact, shoppers are getting increasingly aware of nutritional content in their food, and its impact on their body. Also, increasing customer inclination for health-oriented and certified food products is probably going to bring about higher development of the food testing market.

The worldwide market for food testing is reshaping with developing trends of M&A exercises. In the recent couple of years, topmost participants in the worldwide food testing market have put resources into different M&A exercises, and the trend is probably going to proceed in the years ahead. Likewise, key players are concentrating on extending their worldwide reach, taking advantage of chances in remote regions of the world.

Concerns concerning the nature of food will in general remain the focal point among customers all over the world. The WHO proposes that 600 million instances of food-related ailments start happen worldwide a year, with a significant portion ending in mortality. Wasteful food testing strategies present negative effects on the food industry – legal penalties, brand image effects, and expensive recalls.

The presence of pathogens in food is periodic, with a couple of cells of pathogenic substance influencing the purchasers. Accordingly, legacy food testing techniques dependent on sampling end up being uncouth for guaranteeing consumables’ realness, in this way powering the requirement for prudent plans, where technique approval – capability testing – stays a critical viewpoint to accomplish food genuinity.

Food testing techniques and regulatory bodies are gathering unmistakable quality understanding the nonstop approach of genetically altered food in the worldwide scenario. Moreover, concerns related to food fraud scams and food adulteration are convincing governments to initiate required principles and guidelines on the food producers to test the consumables.

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Higher Occurrence of Eye Infection Driving the Eye Infections Treatment Market

Vision loss concerns have existed for a long time for the medical world in addition to governments. On the other hand, close to 80% of the blindness cases are treatable and/or preventable. As emphasized by FMI’s latest published research, the worldwide market for eye infection treatment would record close to US$ 10 Billion by the end of the assessment period, 2020-2030. The geriatric cohort is extremely hypersensitive to eye infection and demands larger medical attention. With ophthalmic troubles growing with the age, aged typically have to step-up their ophthalmologist’s visits. This stays the key aspect fueling demand for eye infection treatment.

Key Takeaways from Market Study

The worldwide market for eye infection treatment was estimated at around US$ 6.8 Billion in 2020.
Antibiotics category is likely to stay as the most favored drug class category in the worldwide market.
North America is specified to hold more than a third of market revenue towards 2030.
Hospitals’ pharmacies would keep on being a striking distribution channel in the market.
Topmost diagnostic industry participants are concentrating on commercialization and development for eye infections of fast point-of-care diagnostic technologies. This fast diagnosis is likely to encourage the accurate use of anti-infective therapeutics.

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Considering the ascent in eye infection cases, WHO and other global organizations keep up their emphasis on bringing awareness. Endeavors in diagnosis along with eye infection treatment are increasing. For example, VISION 2020 has been set up to incorporate a top-notch, sustainable, and comprehensive eye care system into the national healthcare foundation. Such activities are exceptionally helpful for nations, for example, India, where cataract surgeries are performed for no cost by government programs, intending to cover undiscovered segments of the society.

Retail pharmacies and hospitals keep on molding income development of the worldwide market. Around 8 out of 10 medications related to eye infection treatment are circulated through both these channels. FMI puts forward that, the trend would endure throughout the decade ahead. Market participants are additionally revealing new revenue lines in online pharmacies and drug stores, which will all in all record about US$ 3 Billion revenue in 2030. However, participants will stay stuck to retail pharmacies and hospitals for outsized returns.

COVID-19 Crisis Impact – Rescheduling of Diagnosis and Treatment and Significant Delays

The coronavirus pandemic has started major economic and operational challenges. Moreover, considerable time is required for the commercialization and development of efficient treatment options for COVID-19 new pathogens. This uncertainty is likely to reschedule and delay the treatment and diagnosis of eye infection for approaching two to three quarters. The worldwide market is likely to gain pre-pandemic market need amid the first quarter of 2021, due to accessibility of recovery and treatment emerging and developed economies from COVID-19 pandemic. Moreover, local government redirection of healthcare resources for the COVID-19 pandemic condition is additionally likely to engage the majority of healthcare workers to undertake the COVID-19 circumstances. This is furthermore projected to slow down the market development for the short term.

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