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

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 projected to grow from USD 7.5 billion in 2018 to USD 15.4 billion by 2023, at a CAGR of 15.49%. The progress of this market is primarily driven by some 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 suitability food and dairy products, as well as for beverages.  

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. Growing stringent rules pertaining to the production and processing of food, dairy, and pharma products in nations such as China and India increase the request 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.

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

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

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

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