According to a new market research report published by Transparency Market Research titled ‘Clean-In-Place Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,’ the global clean in place market is projected to expand at a CAGR of 15.7% during the forecast period. According to the report, the global market would continue to be influenced by a range of macroeconomic and market-specific factors in the near future.
Growing adoption in food and pharmaceutical industries, advantages offered by multi-tank CIP systems, rising adoption of automated CIP, and technological innovations have increased the penetration of clean-in-place systems worldwide.
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Multi-tank Systems Segment to Remain Highly Lucrative
In terms of offering, the global clean-in-place market has been segmented into single-tank systems, two-tank systems, and multi-tank systems. The multi-tank systems segment is expected to continue to be the leading segment of the global market during the forecast period, due to advantages offered by these systems. The segment is projected to expand at the maximum CAGR of 16.0% from 2019 to 2027. Increasing number of stringent regulations pertaining to the production and processing of food, dairy products, and pharma products in countries such as China and India are boosting the demand for multi-tank CIP systems in these countries. Multi-tank CIP systems are used for recovery and reuse of cleaning solutions and rinse water. These systems are highly efficient, economical, and sustainable. Multi-tank CIP systems facilitate reuse and recovery of wash solutions and minimize the use of water and chemicals, thereby enabling cost saving. Hence, multi-tank systems are preferred in a variety of industries such as pharmaceutical, breweries, dairy, and food & beverages. This promotes growth of the global market. The single-use systems segment is projected to expand at a significant CAGR during the forecast period.
North America to Continue to Hold Maximum Share of the Global Market
In terms of revenue, North America accounted for the maximum share of the global CIP market in 2018, due to rising advancements in technology and increasing need in the region to enhance the ability of the sanitation crew to clean and sanitize production equipment in a better manner. Furthermore, presence of a large number of market players in the region is augmenting the CIP market in North America. The U.S. held the maximum share of the market in North America in 2018. The market in the country is estimated to expand at the maximum CAGR during the forecast period. The market in North America is expected to expand at a significant CAGR during the forecast period. Rapid growth of the healthcare industry and early adoption of automated CIP systems are some of the factors likely to fuel the market in the region. In several countries of Europe, increasing concerns about hygiene and growing awareness about highly innovative cleaning systems are fueling the clean-in-place market in the region. The market in Europe is likely to witness significant growth during the forecast period. The U.K. held the maximum share of the Europe clean-in-place market in 2018. Demand for clean-in-place systems in Asia Pacific is likely to remain concentrated in China and India, owing to growing population and increasing disposable income in these countries. The market in India is estimated to expand at the maximum CAGR among countries in Asia Pacific during the forecast period, due to growing adoption of clean-in-place systems and increase in the demand for processed food, dairy products, beverages, and pharma products in the region. In Middle East & Africa (MEA), market players are increasing their investments to expand their presence. The market in GCC is expected to expand at a significant CAGR during the forecast period, due to growing adoption of automated CIP systems in the sub-region. In terms of revenue, Brazil is expected to hold a significant share of the clean-in-place market in South America throughout the forecast period.
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The profiling of key players operating in the global clean-in-place market includes company overview, major business strategies adopted, SWOT analysis, and market revenues for years from 2016 to 2018. Key players operating in the global clean-in-place market are Tetra Pak International, GEA Group, Alfa Laval, Krones AG, KHS GmbH, Centec GmbH, SPX FLOW, Sani-Matic Inc., Melegari Manghi, and Millitec Food Systems Ltd.
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