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Report: Chitosan Market on path for growth

Author : Ronak Bora | Published Date : 2019-04-08 

Global Market Insights, Inc. newly added the Chitosan Market Report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, and forecast in the coming years.

Stringent environmental policies are being imposed by European Commission, which triggered increasing initiatives for waste water treatment in the region. According to European Commission, a total of USD 25 billion has been invested to achieve implementation of Urban Waste Water Treatment Development (UWWTD) in Europe. The aforementioned parameters will greatly impact product demand, owing to its wide-ranging applications in treating waste water, which in turn will have succeeding positive influence on the chitosan market by 2024.

2018 Market Size – USD 1.5 Billion

Compound annual Growth Rate (CAGR)- 20%

2024 Forecast Value – USD 5.1 Billion

Request for a sample copy of this report @ www.gminsights.com/request-sample/detail/760

Product is used as a flocculating agent for waste water treatment and as a chelating agent for removal of metal traces in waste water. Furthermore, Europe has an established frozen meat market, due to which food additives are in demand for preservation. For instance, food & beverage industry accounts for the third largest industry in Germany with more than 85 million consumers in Germany's retail food business in 2017. Product is widely applicable in making biodegradable films for packaging food, due to its non-toxicity, which will make notable contribution to the chitosan market by 2024.

Highlights of this report: 

Base Year: 2018

Growth Projections – 2018-2024

Historical data coverage:  2013 to 2017

Number of Pages – 226

Data Tables – 331

According to end-user industry, chitosan market for agrochemical industry captured close to 20% of the global business size in 2017. It is mainly credited to product use in enhancing seed viability, increasing yield, and reducing decay of fruits and vegetables. Additionally, it is also used as fertilizer in the controlled agrochemical release to improve plant productivity. Rising research initiatives mainly in the BRIC nations to attain higher yield will have positive impact on the product demand and thereby driving chitosan market by 2024.

Growth Drivers of chitosan Market:

  1. Rising water treatment activities in Asia Pacific
  2. Strong source demand from cosmetics industry in Europe and North America
  3. Strong advancements in healthcare/medical industry in North America
  4. Rapidly growing agricultural activities in Asia Pacific

 

Companies Profiled based on Business Overview, Financial Data, Product Landscape, Strategic Outlook & SWOT Analysis:

  1. GTCbio
  2. Panvo Organics P Ltd
  3. KitoZyme
  4. Xianju Tengwang Chitosan Factory
  5. FMC Corporation
  6. Shell
  7. PT Bio Takara
  8. Primex Pharmaceuticals
  9. Heppe Medical Chitosan GmbH
  10. Koyo World (Hong Kong) Co. Ltd.
  11. Dainichi Seika Vietnam Co., Ltd.

 

The Middle East & Africa chitosan market is probable to witness gains close to 19.5% by 2024. It is primarily due to rising initiatives by government towards water treatment technologies in Middle East countries, for instance UAE has taken initiate to bring awareness towards cleanliness and maintaining healthy environment. Additionally, growing food & beverage industry in the region due to strong population rise will also have succeeding impact on product demand, thereby triggering chitosan market by 2024.

Chitosan Market Segmentation:

Chapter 4. Chitosan Market, Source By End-user

4.1.  Chitosan market source insights

4.2.  Shrimps

4.2.1.  Market estimates and forecast of source by end-user, 2013 – 2024

·    Water treatment

·    Cosmetic & toiletries

·    Food & beverage

·    Healthcare/Medical

·    Agrochemical

·    Biotechnology

·    Others

4.2.2.  Market estimates and forecast by region, 2013 – 2024

4.3.  Prawns

4.3.1.  Market estimates and forecast of source by end-user, 2013 – 2024

·    Water treatment

·    Cosmetic & toiletries

·    Food & beverage

·    Healthcare/Medical

·    Agrochemical

·    Biotechnology

·    Others

4.3.2.  Market estimates and forecast by region, 2013 – 2024

4.4.  Crabs

4.4.1.  Market estimates and forecast of source by end-user, 2013 – 2024

·    Water treatment

·    Cosmetic & toiletries

·    Food & beverage

·    Healthcare/Medical

·    Agrochemical

·    Biotechnology

·    Others

4.4.2.  Market estimates and forecast by region, 2013 – 2024

4.5.  Lobsters

4.5.1.  Market estimates and forecast of source by end-user, 2013 – 2024

·    Water treatment

·    Cosmetic & toiletries

·    Food & beverage

·    Healthcare/Medical

·    Agrochemical

·    Biotechnology

·    Others

4.5.2.  Market estimates and forecast by region, 2013 – 2024

4.6.  Others

4.6.1.  Market estimates and forecast of source by end-user, 2013 – 2024

·    Water treatment

·    Cosmetic & toiletries

·    Food & beverage

·    Healthcare/Medical

·    Agrochemical

·    Biotechnology

·    Others

4.6.2.  Market estimates and forecast by region, 2013 – 2024

Chapter 5. Chitosan Market, By End-user

5.1.  Chitosan market share by end-user, 2017 & 2024

5.2.  Water treatment

5.2.1.  Market estimates and forecast, 2013 - 2024

5.2.2.  Market estimates and forecast by region, 2013 – 2024

5.3.  Cosmetic & toiletries

5.3.1.  Market estimates and forecast, 2013 - 2024

5.3.2.  Market estimates and forecast by region, 2013 – 2024

5.4.  Food & beverage

5.4.1.  Market estimates and forecast, 2013 - 2024

5.4.2.  Market estimates and forecast by region, 2013 – 2024

5.5.  Healthcare/Medical

5.5.1.  Market estimates and forecast, 2013 - 2024

5.5.2.  Market estimates and forecast by region, 2013 – 2024

5.6.  Agrochemical

5.6.1.  Market estimates and forecast, 2013 - 2024

5.6.2.  Market estimates and forecast by region, 2013 – 2024

5.7.  Biotechnology

5.7.1.  Market estimates and forecast, 2013 - 2024

5.7.2.  Market estimates and forecast by region, 2013 – 2024

5.8.  Others

5.8.1.  Market estimates and forecast, 2013 - 2024

5.8.2.  Market estimates and forecast by region, 2013 – 2024

 

Browse complete table of content of this report @ www.gminsights.com/toc/detail/chitosan-market

 

Research Methodology:

At Global Market Insights, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc.  Primary objectives of data mining include:

  • Definition and scope of research
  • Market dynamics, growth drivers and industry pitfalls
  • Regulatory and political guidelines for the industry
  • Demographics and statistical data

All the above factors are identified and analyzed in detail, with their present and expected market impact, which is quantified and used to derive market growth expectation. Market forecast is built using statistical analysis with models built around time-variance, regression and correlation analytics.

Significant emphasis is put on primary research, which serves the dual role or not only validating our findings but also obtaining penetrating market insights, which help us gain more clarity regarding business environment and competitive leverage. Notable participants in our primary research process include:

  • Leadership figures such as CEOs, CSOs, VPs etc. in key companies
  • Supply-chain participants, distributors and domain experts
  • Key customers and B2B clients

 

Related Report:

Lignosulfonates Market Growth Factors, Applications, Regional Analysis, Key Players and Forecasts by 2024

https://www.fractovia.org/news/lignosulfonates-market-share/1813

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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