Clean-in-Place Market Dynamics, Technology and Forecast 2023
The market is anticipated to increase from USD 7.5 billion in 2018 to USD 15.4 billion by 2023, at a CAGR of 15.49%, according to the new research report, " 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 The advantages of CIP systems in many applications, increased usage of CIP systems in the pharmaceutical industry, and high demand for processed and convenience foods, dairy products, as well as drinks, are the primary drivers of this market's growth. By 2023, reusing CIP systems will hold the majority of the clean-in-place industry. The market for reuse CIP systems, which accounted for the highest proportion of the clean-in-place market in 2018, is anticipated to increase at a faster CAGR from 2018 to 2023. The reuse system recycles cleaning detergents and water from a previous cycle to be used ...