Thursday, 10 September 2020

Who are the Top Companies of Clean-in-Place Market ?

 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.  

Download PDF Brochure:-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=172378410

Reuse CIP systems to dominate clean-in-place market, based on system type, during forecast period

The advantages of reuse CIP systems over single-use CIP systems, such as the recirculation of cleaning solution and water, help in saving cost and reducing wastage. The reuse system recirculates cleaning detergents and water from a previous cycle to be reused in the following cycle’s pre-rinse step until the cleaning cycle is complete. Although the reuse CIP system has a larger footprint and higher initial cost, the reuse system offers several benefits in the long run. It helps in saving costs on cleaning chemicals and water consumption, along with the reduction in wastewater disposal fees, which, in turn, boosts the adoption of reuse CIP systems.

Market for food industry is expected to grow at fastest rate during forecast period

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. Process piping, and vessels used in the food & beverages industry require frequent cleaning to remove residue from previous batches and sanitize both process piping and vessels. The food standards in American and European countries are very strict, thereby helping the CIP market to grow in the regions.

Multi-tank CIP systems to account for largest market size during forecast period

Multi-tank systems are used for recovery and reuse of cleaning solutions and rinse water. These systems are highly efficient, economical, and sustainable solutions. These are ideal when space constraint, cross-contamination, and portability are not the concerns, and the time for cleaning is limited. A few benefits of multi-tank CIP systems are as follows: they allow reuse and recover of wash solutions and minimize water and chemical use, thereby enabling cost saving. Hence, multi-tank systems are preferred in a variety of industries, such as pharmaceuticals, brewery, dairy, food & beverages, for cleaning applications, helping the market to grow.

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.

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.

Don’t miss out on business opportunities in Clean-in-Place Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

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.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

No comments:

Post a Comment