Factors contributing to the growth of this market include the benefits of cold plasma, such as its environment-friendliness; innovations in textile production; growing food safety concerns; innovations in cold plasma technology; and the increasing use of cold plasma in meat and poultry packaging decontamination.
The global cold plasma market is projected to reach USD 2.91 Billion by 2021, at a CAGR of 16.2% from 2016 to 2021.
Market Dynamics
+ Drivers
+ Environment-Friendliness and Other Benefits of Cold Plasma Techniques
+ Innovations in Textile Production and Other End-User Industries
+ Food Safety Concerns
+ Increasing Use of Cold Plasma in Meat and Poultry Packaging Decontamination
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The surface treatment segment to witness the highest growth during the forecast period
The surface treatment segment accounted for the largest share of the cold plasma market for the polymer and plastic industry. This market segment is majorly driven by the advantages of cold plasma surface treatment, such as increased durability, better hydrophobic properties, higher packing density, better film quality, enhanced coating surface smoothness, and lower cost.
Wound healing segment is expected to grow at the highest CAGR during the forecast period
Wound healing is the fastest growing application segment in the cold plasma market for medical industry during the forecast period. The benefits of cold plasma technology in wound healing applications—faster healing and better results, sterilization efficiency, & cost-effectiveness as compared to conventional methods are driving the growth of this application segment.
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