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The Global Clean-in-Place Market by System Type, Offering, End-User Industry and Geography - Forecast to 2023: Expecting to Register a CAGR of 15.5% - ResearchAndMarkets.com

January 2, 2019

DUBLIN--(BUSINESS WIRE)--Jan 2, 2019--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/

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Related Topics:Industrial Machinery

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 01/02/2019 10:46 AM/DISC: 01/02/2019 10:46 AM

http://www.businesswire.com/news/home/20190102005415/en

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