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Chitosan Market to witness heavy growth prospects via agrochemical industry over 2019-2024

Author : Ronak Bora | Published Date : 2019-08-07 

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.

Apparently, developing nations like Egypt have a major problem when it comes to disposal of plastic bags and reduction of water contamination. The use of bioplastics is not feasible in the African nation where most plants are grown for food and cotton. Chitosan, the man-made polymer derived shrimp shell, has emerged as viable solution for the production of a biopolymer nanocomposite material that can replace polyethene. The success of chitosan in Egypt can lead to British manufacturers opting for it as well which is eventually expected to lend a major boost to the chitosan market over 2018-2024.

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Chitosan is already a very recognized material in waste water treatment industry as well as food packaging industry. Research has demonstrated that the biopolymer chitosan can be used as a coagulating agent for organic compounds, toxic heavy metals and for adsorption of dyes and minor concentrations of phenols in various industrial wastewaters. Absorption in waste water treatment has been attracting scientific focus as it is a high efficiency, low cost method and absorbents are easily available. Driven by industrialization and urbanization, water pollution has become a major threat on Planet Earth. Chitosan market has forged a remarkable growth avenue for itself as it has proved to be one of the most effective compounds for the removal of heavy metals or metalloids through adsorption.

Chitosan market has also etched out a growth path through the development of edible alternatives in food packaging. Researchers are therefore developing packaging alternatives made of chitosan as an option that has the potential to replace plastic in the food and animal feed industries.

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.

Browse key industry insights spread across 226 pages with 331 market data tables & 27 figures & charts from the report, “Chitosan Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/chitosan-market

The major chitosan market share players are: FMC Health & Nutrition, Primex, Panvo Organics, GTC Bio Corp., PT Biotech Surindo, KitoZyme, Golden-Shell Pharmaceutical, among various others. The company's in the business are making substantial contribution to enhance its portfolio to gain monopoly in the industry. For example, in April 2013, Primex ehf introduced a new product named LipoSan Ultra, a weight loss product to be used in beverages and functional foods.

Glimpse of Table of Content (ToC)

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

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/chitosan-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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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