Chitin Fertilizer Market - Forecast(2024 - 2030)

Report Code: CMR 61503 Report Format: PDF + Excel
Chitin Fertilizer Market size is forecast to reach around $25 billion by 2025, after growing at a CAGR of 18% during 2020-2025. Chitin is the second most abundant carbohydrate biopolymer in the biosphere, after cellulose.  The increasing population coupled with a decrease in landmass is driving the growth of chitin fertilizer market globally. Additionally, the need to increase the efficiency and yield of crops without degrading the environment is also augmenting the growth of chitin fertilizer market. Moreover, government steps towards sustainability and various schemes such as National Project on Organic Farming have also enhanced the growth of chitin fertilizer market.

Report Coverage
The report: “Chitin Fertilizer Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Chitin Fertilizer Industry.

By Source: Crustaceans (Shrimp, Lobster, Crab, Krill), Fungal Cell wall, Cephalopods, Insects and Others
By Type: Alpha Chitin, Beta Chitin, and Gama Chitin
By Application: Seed Treatment, Bio Pesticides, Biological Fertilizers, Food Preservatives and Others
By Geography: North America, South America, Europe, APAC, and RoW

Key Takeaways
  • Rapid population growth in countries like China, India, and Indonesia with decrease in landmass and adoption of new farming methods has propelled the chitin fertilizer market.
  • Properties such as anti-microbial, biocompatibility and non-toxicity of chitin are the major factors driving the growth of chitin fertilizer market.
  • Increasing environmental concerns due to adverse effect of synthetic fertilizers are also contributing to the growth of chitin fertilizer market size during the forecast period.

Source - Segment Analysis
Based on the source, the crustaceans segment holds the largest share of more than 35% in the chitin fertilizer market in 2019. Chitin is obtained from the waste product of crabs, lobsters, and shrimps. An increase in demand for shellfish from the food industry results in the easy availability of exoskeletons of crustaceans for processing of chitin rather than extraction from insects or fungal cell walls.  Chitin acts as a potential fertilizer due to its high nitrogen concentration. Whereas, Chitosan is a derivative of chitin which is derived from the deacetylation of chitin induces defense reaction in plants thereby increasing their response against pathogen attacks. 

Type - Segment Analysis
Based on type, the alpha chitin segment holds the largest share of more than 40% in the chitin fertilizer market in 2019. Alpha chitin is abundant in exoskeletons of shellfish and fungi cell walls. Each form of chitin has different orientations of microfibrils. Alpha chitin has an antiparallel chain whereas beta chitin has a parallel microfibrils chain. Chitin and its derivative are attracting great interest because of their wide range of potential applications in agriculture, water treatment, biotechnology, and pharmaceuticals. 

The outbreak of novel coronavirus (COVID-19) has badly impacted the fertilizer market. Industries are being shuttered around the world resulting in the downfall and crisis of the economy. The decline in import or export activities of shellfish has hampered the growth of chitin fertilizer market. National President of Seafood Exporters Association of India, said that the consignments to China have dropped by 10 to 15% because of congestion in several ports, substantially affecting the chitin fertilizer market.

Application – Segment Analysis
Seed treatment is the fastest growing segment with a CAGR of 22% in the chitin fertilizer market during the forecast period owing to enhance the proper seed growth of vegetables and fruits. The use of chitin fertilizer alters the permeability of the seed plasma membrane, significantly increases the concentration of sugar, proline, and enzyme activities, thus allow seedlings to germinate quicker. Furthermore, Chitin has a cation which combines with anion of bacteria and prevents further growth of bacteria. Whereas, amino and carboxyl groups of chitins combine with calcium, which helps in easy absorption of calcium.
 
Geography- Segment Analysis
APAC dominated the chitin fertilizer market with a share of more than 35%, followed by North America and Europe. Increasing awareness about the adverse effect of chemical-based synthetic fertilizer has resulted in huge growth of the chitin fertilizer market across APAC region. According to the International Federation of Organic Agriculture Movements (IFOAM), organic farmland has grown in many countries and the total organic area reached 70 million hectares, managed by 2.9 million producers.  Moreover, the rise in industrialization and urbanization increases the concern of farmers for decreasing landmass and allows them to use fertilizers which boosts their crops without degrading the ecosystem. Additionally, the efforts of the Indian government for boosting the organic farming methods by creating awareness and launching various programs such as Paramparagat Krishi Vikas Yojana (PKVY), Mission Organic Value Chain Development for North Eastern Region (MOVCDNER) also contributes to the growth of chitin fertilizer in the Indian market.

Drivers – Chitin Fertilizer Market
  • Rapid growth in Population and decrease in landmass
The need to fulfill the food requirements of the exponentially growing population is driving the growth of chitin fertilizer market. According to the United States Census Bureau, the world population was estimated to be around 7 billion in 2012 and expected to reach 8 billion in 2025. Furthermore, the decrease in farming landmass has led the farmers to adopt fertilizers and new farming technologies for better yielding of crops, substantially contributing to the growth of the chitin fertilizer market. For instance, according to the World Bank report, an agricultural land decreased from 48.911 million square kilometer in 2014 to 48.632 million square kilometer in 2016.

  • Increase in sustainability and environmental concerns
With the rise in environmental concerns, the world is heading towards organic farming. Due to the harmful effects of synthetic pesticides and fungicides on the environment as well as human health, chitin fertilizer is receiving more attention and became need of the hour. Unlike synthetic fertilizer, chitin fertilizers are biodegradable and do not pollute the soil and underground water which further results in the growth of chitin fertilizer market.  Furthermore, the growing use of fish and shellfish based organic chitin fertilizers like Dungeness crab shell and pacific pink shrimp shell fertilizers for various applications line vegetables (tomatoes, lettuce, cucumber), fruits (strawberries, grapes, citrus), and Cash crops (grass, flowers, cannabis) is also contributing to the growth of this market over the forecast period. The chitin fertilizer based on the Dungeness crab shell and pacific pink shrimp shell compound is non-toxic to plants and animals.

Challenges – Chitin Fertilizer Market
  • Volatility in prices of raw material 
Chitin is a naturally occurring polymer and is found in exoskeletons of shellfish and cell walls of fungi. Poor farming methods and lack of sea animals in nature cause scarcity which in turn increases the price of chitin products. Additionally, China is the largest supplier of shellfish. The conflicts between China and the U.S for the imposition of tariffs have resulted in huge concerns. Due to the imposition of taxes, the prices of raw materials are volatile. Furthermore, the downfall of economy due to the pandemic outbreak of Corona has also impacted the prices owing to the disruption of the supply chain and declining production and demand globally. Interruptions in export or imports, delaying of deals, shuttering of production line, and decrease in demand have also increased the volatility in prices and that leads hampers the growth of chitin fertilizer market. 

Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the chitin fertilizer market. In 2019, the market of chitin fertilizer has been consolidated by the top five players accounting for xx% of the share. Major players in the chitin fertilizer market are Advanced Biopolymers AS, Heppe Medical Chitosan GmbH, G.T.C. Bio Corporation, Primex EHF, Kitozyme LLC., DuPont Corporation, Inc., Golden-Shell Pharmaceutical Co. Ltd., Qingdao Yunzhou Biochemistry Co. Ltd., Meron Biopolymers, CarboMer Inc., Panvo Organics Pvt. Ltd., among others. 

Acquisitions/Technology Launches
  • In April 2019, Shellworks is developing a method to transform chitin into new bio plastic products that are both biodegradable and recyclable. Development aims to reduce plastic pollution by using the waste product of shellfish.
  • In March 2020, Bioavanta-Bosti, has announced the release of Novochizol. Novochizol nanoparticle aerosol formulation can be used to deliver and confine potential anti- COVID-19 drug to the lungs of ill patients.
1. Chitin Fertilizer Market- Market Overview
    1.1 Definitions and Scope
2. Chitin Fertilizer Market- Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Source
    2.3 Key Trends by Type
    2.4 Key Trends by Application
    2.5 Key Trends by Geography
3. Chitin Fertilizer Market - Landscape
    3.1 Comparative analysis 
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Chitin Fertilizer Market - Startup companies Scenario Premium (Premium)
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Chitin Fertilizer Market – Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6. Chitin Fertilizer Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Chitin Fertilizer Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors Analysis
8. Chitin Fertilizer Market – By Source (Market Size -$Million)
    8.1 Crustaceans
    8.2 Shrimp
    8.3 Lobster
    8.4 Crab
    8.5 Krill
    8.6 Fungal Cell wall
    8.7 Cephalopods
        8.7.1 Squids
        8.7.2 Cuttlefish
    8.8 Insects
    8.9 Others
9. Chitin Fertilizer Market – By Type (Market Size -$Million)
    9.1 Alpha Chitin
    9.2 Beta Chitin
    9.3 Gama Chitin
10. Chitin Fertilizer Market – By Application (Market Size -$Million)
    10.1 Seed Treatment
    10.2 Bio Pesticides
    10.3 Biological Fertilizers
    10.4 Food Preservatives
    10.5 Others
11. Chitin Fertilizer Market - By Geography (Market Size -$Million)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Colombia
        11.2.4 Chile
        11.2.5 Rest of South America
    11.3 Europe
        11.3.1 U.K
        11.3.2 Germany
        11.3.3 Italy
        11.3.4 France
        11.3.5 Russia
        11.3.6 Spain
        11.3.7 Netherland
        11.3.8 Belgium
        11.3.9 Rest of Europe
    11.4 Asia Pacific
        11.4.1 China
        11.4.2 India
        11.4.3 Japan
        11.4.4 South Korea
        11.4.5 Australia & New Zealand
        11.4.6 Rest of Asia Pacific
    11.5 RoW
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Chitin Fertilizer Market - Entropy
    12.1 New Product Launches
    12.2 M&A’s, Collaborations, JVs and Partnerships
13. Chitin Fertilizer Market Share Analysis (Premium)
    13.1 Market Share by Country- Top companies
    13.2 Market Share by Region- Top companies
    13.3 Market Share by type of Product / Product category- Top companies
    13.4 Market Share at global level- Top companies
    13.5 Best Practices for companies
14. Chitin Fertilizer Market - List of Key Companies by Country (Premium)
15. Chitin Fertilizer Market Company Analysis
    15.1 Market Share, Company Revenue, Products, M&A, Developments
    15.2 Company 1
    15.3 Company 2
    15.4 Company 3
    15.5 Company 4
    15.6 Company 5
    15.7 Company 6
    15.8 Company 7
    15.9 Company 8
    15.10 Company 9
    15.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Global Chitin Fertilizer Market, By Source Market 2023-2030 ($M)
1.1 Shrimp Market 2023-2030 ($M) - Global Industry Research
1.2 Crab Market 2023-2030 ($M) - Global Industry Research
1.3 Krill Market 2023-2030 ($M) - Global Industry Research
1.4 Lobster Market 2023-2030 ($M) - Global Industry Research
1.5 Insect Market 2023-2030 ($M) - Global Industry Research
1.6 Squid Market 2023-2030 ($M) - Global Industry Research
2.Global Global Chitin Fertilizer Market, By Source Market 2023-2030 (Volume/Units)
2.1 Shrimp Market 2023-2030 (Volume/Units) - Global Industry Research
2.2 Crab Market 2023-2030 (Volume/Units) - Global Industry Research
2.3 Krill Market 2023-2030 (Volume/Units) - Global Industry Research
2.4 Lobster Market 2023-2030 (Volume/Units) - Global Industry Research
2.5 Insect Market 2023-2030 (Volume/Units) - Global Industry Research
2.6 Squid Market 2023-2030 (Volume/Units) - Global Industry Research
3.North America Global Chitin Fertilizer Market, By Source Market 2023-2030 ($M)
3.1 Shrimp Market 2023-2030 ($M) - Regional Industry Research
3.2 Crab Market 2023-2030 ($M) - Regional Industry Research
3.3 Krill Market 2023-2030 ($M) - Regional Industry Research
3.4 Lobster Market 2023-2030 ($M) - Regional Industry Research
3.5 Insect Market 2023-2030 ($M) - Regional Industry Research
3.6 Squid Market 2023-2030 ($M) - Regional Industry Research
4.South America Global Chitin Fertilizer Market, By Source Market 2023-2030 ($M)
4.1 Shrimp Market 2023-2030 ($M) - Regional Industry Research
4.2 Crab Market 2023-2030 ($M) - Regional Industry Research
4.3 Krill Market 2023-2030 ($M) - Regional Industry Research
4.4 Lobster Market 2023-2030 ($M) - Regional Industry Research
4.5 Insect Market 2023-2030 ($M) - Regional Industry Research
4.6 Squid Market 2023-2030 ($M) - Regional Industry Research
5.Europe Global Chitin Fertilizer Market, By Source Market 2023-2030 ($M)
5.1 Shrimp Market 2023-2030 ($M) - Regional Industry Research
5.2 Crab Market 2023-2030 ($M) - Regional Industry Research
5.3 Krill Market 2023-2030 ($M) - Regional Industry Research
5.4 Lobster Market 2023-2030 ($M) - Regional Industry Research
5.5 Insect Market 2023-2030 ($M) - Regional Industry Research
5.6 Squid Market 2023-2030 ($M) - Regional Industry Research
6.APAC Global Chitin Fertilizer Market, By Source Market 2023-2030 ($M)
6.1 Shrimp Market 2023-2030 ($M) - Regional Industry Research
6.2 Crab Market 2023-2030 ($M) - Regional Industry Research
6.3 Krill Market 2023-2030 ($M) - Regional Industry Research
6.4 Lobster Market 2023-2030 ($M) - Regional Industry Research
6.5 Insect Market 2023-2030 ($M) - Regional Industry Research
6.6 Squid Market 2023-2030 ($M) - Regional Industry Research
7.MENA Global Chitin Fertilizer Market, By Source Market 2023-2030 ($M)
7.1 Shrimp Market 2023-2030 ($M) - Regional Industry Research
7.2 Crab Market 2023-2030 ($M) - Regional Industry Research
7.3 Krill Market 2023-2030 ($M) - Regional Industry Research
7.4 Lobster Market 2023-2030 ($M) - Regional Industry Research
7.5 Insect Market 2023-2030 ($M) - Regional Industry Research
7.6 Squid Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Chitin Fertilizer Market Revenue, 2023-2030 ($M)
2.Canada Chitin Fertilizer Market Revenue, 2023-2030 ($M)
3.Mexico Chitin Fertilizer Market Revenue, 2023-2030 ($M)
4.Brazil Chitin Fertilizer Market Revenue, 2023-2030 ($M)
5.Argentina Chitin Fertilizer Market Revenue, 2023-2030 ($M)
6.Peru Chitin Fertilizer Market Revenue, 2023-2030 ($M)
7.Colombia Chitin Fertilizer Market Revenue, 2023-2030 ($M)
8.Chile Chitin Fertilizer Market Revenue, 2023-2030 ($M)
9.Rest of South America Chitin Fertilizer Market Revenue, 2023-2030 ($M)
10.UK Chitin Fertilizer Market Revenue, 2023-2030 ($M)
11.Germany Chitin Fertilizer Market Revenue, 2023-2030 ($M)
12.France Chitin Fertilizer Market Revenue, 2023-2030 ($M)
13.Italy Chitin Fertilizer Market Revenue, 2023-2030 ($M)
14.Spain Chitin Fertilizer Market Revenue, 2023-2030 ($M)
15.Rest of Europe Chitin Fertilizer Market Revenue, 2023-2030 ($M)
16.China Chitin Fertilizer Market Revenue, 2023-2030 ($M)
17.India Chitin Fertilizer Market Revenue, 2023-2030 ($M)
18.Japan Chitin Fertilizer Market Revenue, 2023-2030 ($M)
19.South Korea Chitin Fertilizer Market Revenue, 2023-2030 ($M)
20.South Africa Chitin Fertilizer Market Revenue, 2023-2030 ($M)
21.North America Chitin Fertilizer By Application
22.South America Chitin Fertilizer By Application
23.Europe Chitin Fertilizer By Application
24.APAC Chitin Fertilizer By Application
25.MENA Chitin Fertilizer By Application
26.Advanced Biopolymers A, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Heppe Medical Chitosan Gmbh, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.G.T.C. Bio Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Primex Ehf, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Kitozyme S A, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Novamatrix, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Agratech International, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Golden-Shell Pharmaceutical Co Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Qingdao Yunzhou Biochemistry Co Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Panvo Organic Pvt Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)