Millions of tons of crustaceans are produced every year and consumed as protein-rich seafood but the shells and other non-edible parts constituting about half the body mass are wasted. The crustacean shells are a prominent source of polysaccharide (chitin) and protein. Chitosan, a de-acetylated form of chitin obtained from the crustacean waste are used for a variety of medical applications. In recent times, it has also found use in food and paint industries including marine antifouling coatings, due to its characteristic properties, like solubility in weak acids, film-forming ability, pH-sensitivity, antifouling properties, biodegradability, and biocompatibility. Chitosan composite coatings in food, paint and water treatment solutions have been developed. In food industries, chitosan-based composite films and coatings are applied for prolonging the post-harvest life of fruits and vegetables, while anti-corrosion and self-healing properties are mainly explored for antifouling applications in paints and metal ion chelation and antifouling properties are useful for water treatment.