Clean in Place Market with Current and Future Growth Analysis by Forecast From 2018 - 2023
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. 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 command the highest portion of the clean-in-place market. The Clean-in-Place Market in 2018 was dominated by reuse CIP systems, and from 2018 to 2023, the market for these systems is anticipated to develop at a faster CAGR. The reuse system recycles cleaning detergents and water from a previous cycle to be used in the pre-rinse step of the following cycle, in contrast to the single-use CIP system where water and cleaning solutions are used only once before disposal. The cleaning solution is therefore introduced to the plant to be cleaned and recirculated as neces...