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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" report has been added to ResearchAndMarkets.com's offering.
The clean-in-place market 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.
Rapid automation of processing plants and stringent government policies for manufacturing companies to comply with food hygiene and safety standards provide lucrative opportunities for the players in the clean-in-place market. However, the high cost of operation restrains the clean-in-place market growth.
Key Highlights
- Reuse CIP systems are expected to dominate the clean-in-place market during forecast period
- Pharmaceutical industry is expected to hold a significant share of the clean-in-place market by 2023
- Market in APAC is likely to grow at highest CAGR during forecast period
Market Dynamics
Drivers
- Advantages of CIP Systems
- Increased Use of CIP Systems in Pharma Industry
- High Demand for Processed and Convenience Food and Dairy Products, as Well as for Beverages
Restraint
- High Cost of Operation
Opportunities
- Rapid Automation of Processing Plants
- Stringent Government Policies for Manufacturing Companies to Comply With Food Hygiene and Safety Standards
Challenges
- Physical Limitation of Processing Equipment
- Dearth of Qualified and Experienced Operators
Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 CIP Market, By System Type
7 CIP Market, By Offering
8 CIP Market, By End-User Industry
9 Geographic Analysis
10 Competitive Landscape
11 Company Profiles
- Alfa Laval
- Axomatic
- Azbil Telstar
- Bionet
- Centec GmbH
- E. Bachiller B
- Filamatic
- GD Process Design
- GEA Group
- Handtmann Armaturenfabrik
- KHS GmbH
- Krones AG
- Melegari Manghi
- Millitec Food Systems
- Sani-Matic
- Scanjet Systems
- Solaris Biotech USA
- SPX Flow
- Sysbiotech
- Tetra Pak International
For more information about this report visit https://www.researchandmarkets.com/research/9btndj/the_global?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20190102005415/en/
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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