The global cold plasma market size is estimated to be worth USD 5.46 billion by 2026 from USD 2.56 billion in 2021, growing at a CAGR of 16.36% during the forecast period.
Cold plasma is a type of plasma in which non-thermal equilibrium does not exist between the energies of gas molecules and electrons. Cold plasma is also known as non-thermal plasma and is used in various applications in various industries like medical, food, and biomedical industries. It is because of the low frequency of collisions between them. The gas molecules will be around room temperature, whereas electrons have high temperatures due to high energy.
The National Centre for Biotechnology Information Research stated that a patient suffering from two severe-degree burns was cured with cold plasma, which healed the itching and pain and produced a new tissue. Such cases help promote the usage of cold plasma in various treatments, not only in the medical industry, but it is also a powerful tool used to provide antimicrobial treatment for foodstuffs and food packaging materials.
Various applications of cold plasma technology are majorly accelerating the global cold plasma market growth.
Factors such as growing demand for cold plasma for the food packaging industry paired with the ongoing innovations of cold plasma technology in R & D drive global cold plasma market growth. Increasing requirements for frozen foods and the growing aging population suffering from diabetes, leading to chronic wounds like foot ulcers, further accelerate global cold plasma market growth.
Furthermore, cold plasma benefits, such as improving wettability, low chemical consumption, and low water consumption, aid cold plasma market growth. The use of cold plasma in medical treatment and reducing Infections further fuel the growth rate of the cold plasma market.
The global cold plasma market is majorly restricted by factors such as the high capital required for implementing these technologies, such as vacuum equipment, low temperatures, and controlled vacuum conditions for operation. Additionally, the shortage of expert professionals, strict government rules and regulations for the launch of new technologies and products, and the FDA's approvals also hamper the market.
Currently, only a few companies are operating in the cold plasma market, and as a result, this technology has less commercialization in the last decade. The applications of cold plasma have been known to a few sectors. However, cold plasma-related applications are not available easily to the market at an affordable cost. A lack of awareness of cold plasma, high investment are the challenges of this technology. This poses a major challenge to the growth of the market.
Impact of COVID-19 on the global cold plasma market:
COVID 19 is caused by the SARS-CoV-2 virus that ruined many lives in unprecedented ways. It mainly affects the respiratory system, where people suffering from chronic illness may have severe symptoms. In few cases, it may also lead to death. This pandemic is an increasing burden for the healthcare sector. Therefore, there is an urgent need for virus inactivation. Cold plasma is playing a vital role in the inactivation of the virus. In the Research and development activities, these techniques are very helpful in developing an effective vaccine. Hence, the market size is growing higher rate since the start of the COVID 19 pandemic.
During this pandemic, protective clothing and hygienic textiles are in short supply. Treatment with cold plasma can use clothing. It helps in the hydrophilization process in the textile industry for gloves, PPE kits, and masks to reduce microorganisms. For Instance, Plasmatreat, one of the leading companies in the cold plasma market space, has developed a cleaning station that provides solutions for disinfecting protective clothing.
Market Size Available
2020 to 2026
2021 to 2026
By Industry, Application, Regime, and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, Asia Pacific, Latin America, Middle East & Africa
This research report on the global cold plasma market has been segmented & sub-segmented based on the industry, application, regime, and region.
Cold Plasma Market – By Industry:
Based on the industry, the electronic and semiconductors segment is expected to hold the largest market share due to the increasing adoption of cold plasma technology. However, the food industry is the fastest-growing segment due to the increasingly stringent safety standards in the packaging and processing food products.
Cold Plasma Market – By Application:
Based on application, the cleaning and activation application is expected to be the largest segment due to high acceptance in the electronics and polymer industries. On the other hand, the decontamination segment is expected to be the fastest-growing segment due to its application in the food industry.
Cold Plasma Market – By Regime:
Based on the regime, both segments, low pressure and atmospheric pressure, are estimated to showcase steady growth rates during the forecast period. The low-pressure growth is mainly driven by bacterial activity and minimal surface ablation. The atmospheric pressure is expected to witness high growth due to various applications, from textiles to the medical industry. In addition, this atmospheric pressure is used for various pharmaceutical, food, textile, and packaging industries.
Cold Plasma Market – By Region:
Geographically, the European region held the largest market share in 2020 due to the numerous research and development activities and some of the major suppliers of cold plasma in this region. Additionally, increasing stipulation for different treatments, and in this region, the manufacturers are enlarging their production capacities to starve the needs of various industries are lavishing the market growth in Europe.
The North American market is predicted to showcase fierce competition to Europe during the forecast period in occupying the top position in the global market. In addition, factors such as the increasing packaged food market, company participants' existence for different FDA-approved products, fast acquisition of technologically advanced products of the healthcare sector are actively supporting the market growth in North America.
The Asia Pacific is expected to be the fastest-growing market due to the increasing textile manufacturing and demand for frozen foods. Periodic transfer of electronic manufacturing of the APAC region, the growing stipulation for decontaminated frozen food, and the growing manufacturing of polymer are boosting this region's market. Necessary advanced technologies for the electronics and semiconductors industry are estimated to fuel the market growth of the area. Countries like Japan and China have surged up the product usage for booming electronics and electrical segments.
Latin America region is expected to have steady growth due to increasing economic and infrastructural activities through various existing countries. As a result, Mexico is leading the cold plasma market over the analysis period.
The Middle East & Africa growth is expected to remain and have the average growth of the cold plasma market during the forecast period. The increase is due to the growing need for medical research for developing the treatment of lung, bladder, and skin and breast cancer, which provides profitable growth for market growth.
KEY MARKET PARTICIPANTS:
Some of the notable companies dominating the global cold plasma market profiled in this report are Enercon Industries Corporation, Henniker Plasma, ADTEC Plasma Technology Co. Ltd., Europlasma NV, Neoplas Tools GmbH, P2i Limited, Nordson Corporation, Plasmatreat GmbH, Vetaphone A/S, and Tantec A/S.
RECENT HAPPENINGS IN THIS MARKET:
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 Food & Agriculture
5.1.5 Electronic and Semiconductors
5.1.7 Y-o-Y Growth Analysis, By Industry
5.1.8 Market Attractiveness Analysis, By Industry
5.1.9 Market Share Analysis, By Industry
5.2.7 Cleaning and Activation
5.2.9 Wound Healing
5.2.10 Y-o-Y Growth Analysis, By Application
5.2.11 Market Attractiveness Analysis, By Application
5.2.12 Market Share Analysis, By Application
5.3.2 Low Pressure
5.3.3 Atmospheric Pressure
5.3.4 Y-o-Y Growth Analysis, By Regime
5.3.5 Market Attractiveness Analysis, By Regime
5.3.6 Market Share Analysis, By Regime
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Industry
22.214.171.124 By Application
126.96.36.199 By Regime
6.1.4 Market Attractiveness Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Industry
220.127.116.11 By Application
18.104.22.168 By Regime
6.1.5 Market Share Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Industry
188.8.131.52 By Application
184.108.40.206 By Regime
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Enercon Industries Corporation
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Henniker Plasma
8.3 ADTEC Plasma Technology Co. Ltd.
8.4 Europlasma NV
8.5 Neoplas Tools GmbH
8.6 P2i Limited
8.7 Nordson Corporation
8.8 Plasmatreat GmbH
8.9 Vetaphone A/S
8.10 Tantec A/S
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
Global, and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market