Global Clean-in-Place Market 2019-2023 | 16% CAGR Projection Over the Next Five Years | Technavio

LONDON–(BUSINESS WIRE)–#CIPMarket–The global clean-in-place (CIP) market is expected to post a CAGR of more than 16% during the period 2019-2023, according to the latest market research report by Technavio.

Cleanliness is an important aspect of any drug manufacturing facility as any contamination can lead to a significant loss in terms of recalls, factory closure, potential litigation, or damage to the reputation of the firm. Thus, vendors in the pharmaceutical industry are increasingly adopting CIP systems, which allow them to save labor cost and improve the efficiency of the cleaning process. Thus, the growing adoption of CIP systems in the pharmaceutical industry will fuel market growth during the forecast period.

As per Technavio, the rapid automation of processing plants will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global clean-in-place market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Clean-in-place Market: Rapid Automation of Processing Plants

The advent of robotic automation has transformed the way products are developed in various industries, including food and beverage, and pharmaceutical, with real-time and automated monitoring. Thus, vendors in the CIP market are striving to create products that work effectively in sync with automated processes. They are also increasingly investing in R&D activities to bring improvements to the existing CIP systems. Thus, the rapid automation of processing plants is expected to create significant opportunities for vendors in the CIP market during the forecast period.

“Apart from the rapid automation of processing plants, other factors such as the advent of quality 4.0, and the food and drug safety regulations will have a significant impact on the growth of the clean-in-place market value during the forecast period,” says a senior analyst at Technavio.

Global Clean-in-place Market: Segmentation Analysis

This market research report segments the global clean-in-place market by product (reuse and single-use), and geographic regions (North America, Europe, APAC, South America, and MEA).

The North American region led the clean-in-place market in 2018, followed by Europe, APAC, MEA, and South America, respectively. The growth of the clean-in-place market share in North America can be attributed to factors such as technological advances and the rising need to maintain hygiene and cleanliness in manufacturing facilities.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

• Market ecosystem
• Market characteristics
• Market segmentation analysis

Market Sizing

• Market definition
• Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

• Regional comparison
• Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at [email protected].

Contacts

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com