The latest corporate intelligence studies report that the global cold plasma market is anticipated to grow commendably over the forecast years, registering a lucrative growth rate of 15 % over the forecast years i.e. 2021 to 2026.
The latest corporate intelligence studies report that the global cold plasma market is anticipated to grow commendably over the forecast years, registering a lucrative growth rate of 15 % over the forecast years i.e. 2021 to 2026.
The global cold plasma market was valued at US$ 1.6 billion in the base year of the study i.e. 2021.
The research report also specifies that the global cold plasma market will expand and hit the evaluation mark of US$ 3.3 billion by the end of the forecast period i.e. in 2026.
The increasing applications of cold plasma technology in diverse areas, including textiles, food and agriculture, medicine, plastics and polymers, and electronics are fuelling the growth in the global cold plasma market.
These products and solutions in the global cold plasma market offer various unique benefits that drive their adoption. These include, most prominently, their environment friendly qualities and nature.
Constant innovations in agro as well as textile sectors is driving the adoption of novel products in global cold plasma market.
Cold plasma, additionally called non-warm plasma or non-balance plasma, is a sort of plasma—ordinarily known as the fourth condition of issue—which has gas particles show at direct temperature and electrons at moderately high temperatures.
The properties of plasma have been widely looked into in the course of recent decades and an extensive number of front line utilizations of cold plasma innovation has exuded.
Cold plasma isn’t in thermodynamic balance either because of distinction in particle and electron temperature or if speed dispersion of species does not take after Maxwell Boltzmann circulation. These are known as fourth condition of issue that has electrons at high temperature and gas atoms at direct temperature. It has wide applications in helpful, medicinal and bioengineering section. These are utilized for sanitizing biomedical surfaces, and treatment of natural tissues inferable from their antimicrobial and bacterial properties.
Additionally, cold plasma advancements have wide applications in water sanitization and material generation. All the more as of late, cold plasma treatments have discovered promising applications for regarding different growth sorts, for example, lung, cerebrum, breast and skin.
Several ongoing advancements in cold plasma innovation, rising interest for eco-accommodating items, expanding utilization of cold plasma in nourishment bundling industry, presentation of stringent wellbeing models in different businesses including sustenance security, and developing requirements for solidified sustenance are a portion of the development drivers of the cold plasma market.
Cold plasma, also called non-thermal plasma or non-equilibrium plasma, is a type of plasma—typically known as the fourth state of matter—which has gas molecules present at moderate temperature and electrons at relatively high temperatures. The properties of plasma have been extensively researched over the past few decades and a large number of cutting-edge applications of cold plasma technology has emanated.
Cold plasma has a variety of medical, therapeutic, and bioengineering applications. Owing to their bactericidal and antimicrobial properties, cold plasmas find wide applications in surface modification of biomedical devices and materials, sterilization of biomedical surfaces, and treatments of living biological tissues. In addition, non-thermal plasma technologies have wide applications in water sterilization and textile production. More recently, cold plasma therapies have found promising applications for treating various cancer types such as lung, breast, skin, and brain.
Cold Plasma Market: Trends
The cold plasma market is majorly propelled by a wide range of applications across various industry verticals such as biotechnology, medical devices, and food manufacturing.
The spiraling need for fresh food produce worldwide has spurred the need for decontamination technologies for inactivating microbes on various food products such as meats, fruits, and vegetables. The soaring popularity of atmospheric cold plasma technology in food manufacturing and processing industries is due to its efficacy in killing microorganisms without altering the physicochemical and sensory properties of the food items.
A host of emerging applications in life sciences, such as in the treatment of surgical and traumatic wounds, and their increasing commercialization are expected to open up lucrative market avenues along the forecast period.
Cold Plasma Market: Market Potential
Recent researches in cold plasma technology point to the vast potential of the market in primarily two areas: food safety improvement and treatment of chronic wounds.
Researchers at the United States Department of Agriculture (USDA) have projected a new cold plasma treatment, also referred to as ‘purple blow torches’, as the next big thing in food safety innovation. Scientists, including a microbiologist at the U.S. Department of Agriculture’s Eastern Regional Research Center, have confirmed that cold plasma can effectively kill pathogens such as Salmonella and E. coli.
USDA researchers demonstrated that over 99.9 percent of the two viruses can be killed within a couple of minutes. Blueberries were chosen since they are increasingly susceptible to contamination by biological hazards in pre-harvest as well as post-harvest stages. In addition, since they are mostly consumed raw, decontamination is even more essential before they are packaged. The technology, researchers believe, can significantly extend the shelf-life of blueberries by retarding the spoilage rate, without affecting their nutritional benefits.
The commercialization of this technology calls for more researches and its benefits are being studied extensively. In the not-so-distant future, trailblazing researches in cold plasma technology to develop environmental-friendly and sustainable decontamination processes to prevent cross-contamination and microbiological spoilage are expected to unlock exciting opportunities for market players. This is expected to transform the food industry.
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Cold Plasma Market: Regional Outlook
Europe and North America are anticipated to show impressive growth of the cold plasma market over the forecast period. Large presence of regional and global biotechnology companies that are actively harnessing the capabilities of cold plasma technology is anticipated to create abundant opportunities for several market players. Furthermore, the presence of cold plasma equipment manufacturers and suppliers is expected to fuel the regional markets along the forecast period.
However, Asia Pacific is expected to exhibit lucrative opportunities for companies in the cold plasma market. The significant growth is attributed to continuous advancement in plasma technologies, leading to numerous applications of cold plasma in the textile industry. In addition, vast developments in medical infrastructure have stimulated the demand for cold plasma technologies in surgical and therapeutics applications.
Cold Plasma Market: Competitive Landscape
Prominent players are investing in R&D activities related to cold plasma technology. Big companies are adopting mergers and acquisitions as the prime strategy to occupy a sustained market share across major geographic regions. Leading players operating in this market include Nordson Corporation, Plasmatreat GmbH, Bovie Medical Corporation, Neoplas Tools GmbH, Enercon Industries Corporation, Europlasma NV, Adtec Plasma Technology Co., Ltd., and P2i.
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