New Study Forecasts Clean-in-Place Market to Surpass $15.4 Billion by 2023


Posted June 26, 2023 by avinashgogawale14

At a CAGR of 15.49%, the Clean-In-Place Market is anticipated to increase from USD 7.5 billion in 2018 to USD 15.4 billion by 2023.

 
MarketsandMarketsTM's most recent research report predicts that the Clean-in-Place (CIP) Market will expand significantly over the forecast period. The market, which was valued at USD 7.5 billion in 2018, is anticipated to rise at a healthy compound annual growth rate (CAGR) of 15.49% to reach USD 15.4 billion by 2023. The market expansion is attributable to the growing use of CIP systems in a variety of sectors, including the food, dairy, and pharmaceutical industries, for effective cleaning and sanitization procedures. Along with many options like single-tank, two-tank, and multi-tank systems, the report emphasises the necessity of both single-use and reuse CIP systems.

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.

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The Clean-in-Place (CIP) market is expanding as a result of a number of factors. The multiple benefits provided by CIP systems in diverse applications, including their capacity to guarantee efficient and effective cleaning and sanitization procedures, are one of the main motivators. Furthermore, due to the urgent requirement for strict cleanliness requirements in medication manufacture, the pharmaceutical industry has seen a surge in the deployment of CIP systems. The industry also gains from the rising demand for dairy products, drinks, processed and convenience foods, and other items that need intensive cleaning to maintain quality and safety standards. Overall, these reasons help the CIP market grow as more and more sectors of the economy realise how important it is to keep their operations clean and hygienic.

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

The reusable Clean-in-Place (CIP) systems are anticipated to rule the clean-in-place market and show a higher compound annual growth rate (CAGR) from 2018 to 2023, according to the analysis. Reuse CIP systems return cleaning detergents and water from prior cleaning cycles for reuse in subsequent cleaning cycles, notably in the pre-rinse stage, as opposed to single-use CIP systems, which dispose of water and cleaning solutions after a single usage. As the cleaning solution is continuously reintroduced and recirculated until the cleaning cycle is finished, this method lowers waste and ownership costs. The advantages of lower costs and less waste help reuse CIP systems gain traction and expand in the industry.

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

From 2018 to 2023, the food industry's clean-in-place (CIP) market is anticipated to experience the greatest compound annual growth rate (CAGR). Maintaining hygiene and making sure that machinery and equipment are bacteriologically clean are essential in the food sector. Particularly in areas like America and Europe where food standards are tight, process pipes and vessels used in the food and beverage industry need to be cleaned frequently to get rid of residue from previous batches and sanitise them to meet stringent hygiene requirements. The need for CIP systems is driven by the necessity of upholding cleanliness and adhering to hygiene standards in the food industry, which has caused the market for these systems to expand significantly.

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

From 2018 to 2023, the clean-in-place (CIP) market is anticipated to develop at the greatest compound annual growth rate (CAGR) in the Asia-Pacific (APAC) region. Several things contribute to this expansion. First, the production and processing of food, dairy, and pharmaceutical items are subject to more severe laws in nations like China and India, which has increased demand for CIP systems. Additionally, the demand for processed food, dairy products, drinks, and medications has increased as a result of the expanding population and rising disposable income in APAC nations. These elements work together to drive the CIP market's growth in the APAC region as manufacturers look for effective cleaning methods to satisfy regulatory requirements and rising consumer demand.

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Last Updated June 26, 2023