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Clean-in-Place Market Projected to reach $15.4 billion by 2023 | Key players include GEA Group, Sani-Matic, Alfa Laval, SPX FLOW and Krones AG

05-14-2019 08:51 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets™

MarketsandMarkets

MarketsandMarkets

According to the new research report, the "Clean-in-Place Market by System Type (Single-Use and Reuse CIP Systems), Offering (Single-Tank Systems; Two-Tank Systems; Multi-Tank Systems), End-User Industry (Food; Dairy; Pharmaceuticals), and Geography - Global Forecast to 2023", is expected to grow from USD 7.5 billion in 2018 to USD 15.4 billion by 2023, at a CAGR of 15.49%. The growth of this market is mainly driven by several factors, such as advantages of CIP systems in various applications, increased use of CIP systems in the pharma industry, and high demand for processed and convenience food and dairy products, as well as for beverages.

Browse 68 market data Tables and 39 Figures spread through 128 Pages and in-depth TOC on "Clean-in-Place Market - Global Forecast to 2023"
View detailed Table of Content here -
https://www.marketsandmarkets.com/Market-Reports/clean-in-place-market-172378410.html

Reuse CIP systems to hold largest share of clean-in-place market by 2023

Reuse CIP systems accounted for the largest share of the clean-in-place market in 2018, and the market for reuse CIP systems is expected to grow at a higher CAGR from 2018 to 2023. Unlike the single-use CIP system where water and cleaningsolutions are used only once before disposal, the reuse system recirculates cleaning detergents and water from a previous cycle to be reused in the following cycle’s pre-rinse step. Thus, in the re-use CIP system, the cleaning solution is introduced to the plant to be cleaned and recirculated as required until the cleaning cycle is complete, thereby saving ownership cost and reducing wastage.

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Clean-in-place market for food industry to grow at highest CAGR from 2018 to 2023

CIP systems play an important role in the food industry because it is very important to maintain hygiene and keep machinery and equipment bacteriologically clean. The equipment used in the food & beverages industry such as process piping, and vessels require frequent cleaning to remove residue from previous batches and sanitize both process piping and vessels to meet the hygiene requirements. The food standards in American and European countries are very strict, thereby helping the CIP market to grow in the regions.

Clean-in-place market in APAC to grow at highest CAGR from 2018 to 2023

The clean-in-place market in APAC is expected to grow at the highest CAGR during the forecast period. Increasing stringent regulations pertaining to the production and processing of food, dairy, and pharma products in countries such as China and India boost the demand for CIP systems. Also, ever-growing population and increasing disposable income in APAC countries have led to the increase in the demand for processed food, dairy products, beverages, and pharma products, which, in turn, has propelled the growth of the CIP market in this region.

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Tetra Pak International (Switzerland), GEA Group (Germany), Sani-Matic (US), Alfa Laval (Sweden), SPX FLOW (US), Krones AG (Germany), KHS GmbH (Germany), Melegari Manghi (Italy), Centec GmbH (Germany), and Millitec Food Systems (UK) are among a few major players in the clean-in-place market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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