Global Chitosan Market Comprehensive Analysis and Future Development Strategies - Key Players are FMC Corporation, Shell, Primex Pharmaceuticals, KitoZyme

In a world consumed with the concern of reducing waste and bring down greenhouse gases emission, chitosan market has gained major prominence in the last couple of decades since the compound has proven to be one of the most ecofriendly biopolymers. Recently a group of bioengineers from University of Nottingham in UK have joined a counterpart team in Nile University, Egypt to develop a substitute for conventional plastic carry bags using chitosan. The biodegradable alternative will be designed to be greener than more conventional polythene derived from fossil fuels and can also be used to extend the shelf life of foodstuffs.

Global drivers

Rising water treatment activities in Asia Pacific

Strong source demand from cosmetics industry in Europe and North America

Strong advancements in healthcare/medical industry in North America

Rapidly growing agricultural activities in Asia Pacific

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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.

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.

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. As per the Australian Marine Debris Initiative Database, plastics constitute one of the biggest pollutants in the Australian waterways, with up to 130,000 tones winding up in the ocean each year.

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Asia Pacific led the total chitosan market and accounted for more than 55% of the industry size in 2017. This is attributed to rapidly growing cosmetic market which is mainly due to rise in socio-economic factors and youth population in India and China. Moreover, Asia Pacific has a tremendous potential in pharmaceutical market, as many foreign companies are investing in India due to its business-friendly policies. Additionally, India and China have a wider scope in biomedicine field due to the continuing research in this area. The personal care and health care industry is rapidly evolving in India, Indonesia, Malaysia and Vietnam. Therefore, the above-mentioned factors are likely to augment chitosan demand in Asia Pacific, which will have subsequent impact on poliglusam market size in the forecast timeframe. Food & beverage industry in the region is also growing at a higher pace which is attributed to rising working population and high demand for packaged food products and drinks. This escalating growth in food industry is because of ease & comfort offered by packed foods and improving living standards in the region.

Key poliglusam market share contributors are Panvo Organics, KitoZyme, GTC Bio Corporation, FMC Health & Nutrition, Golden Shell Pharmaceutical, Marshal Marine, Primex, among others. Some of these companies are investing to form strategic alliances to generate higher gains and attain higher market presence in the market. For instance, FMC Corporation had announced about acquiring DuPont crop protection business portion to enhance its sales and attain higher gains across the globe.

Chitosan market by end-user
o Water treatment
o Cosmetic & toiletries
o Food & beverage
o Healthcare/Medical
o Agrochemical
o Biotechnology
o Others

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:

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