Publication Date: 2022/12/24
Abstract: Seaweed is a group of marine plants with a growing potential for economic growth in the world's coastal states. Recently, Bangladesh has also been making strides toward social and economic benefits and a healthy environment, which will help the blue economy advance. As raw materials for bio-chemicals (agar, agarose, algin, and carrageenan), dyes, food, feed, enzymes, drugs, hormones, etc., this marine biota has grown its reputation among coastal communities and businesses. This subsector provides a means of subsistence and income and creates job opportunities. However, quality and safety concerns are currently among the most significant concerns. This study sought to identify the opportunities and constraints for practical seaweed farming and the establishment of a seaweed economy in Cox's Bazar regarding cost-effectiveness and producers' and traders' willingness to pay. The study site has the potential for establishing practical seaweed farming and marketing, provided that government policies and sector control are maintained. Before such establishment, the relevant authorities' official demarcation or zoning of seaweed farming sites (e.g., BARI, BFRI, DoF, BORI) is essential in terms of legal constraints and compliances. In addition, coordination among developing organizations must be ensured to reduce redundancy. Utilizing a scientific method to process seaweed is essential for maintaining the quality standard of the seaweed. Also, the right training and technical support should be kept up so that patients have access to better technologies, more research, and effective treatments.
Keywords: Seaweed, Coastal Communities, Cox's Bazar, Bangladesh
DOI: https://doi.org/10.5281/zenodo.7478867
PDF: https://ijirst.demo4.arinfotech.co/assets/upload/files/IJISRT22NOV1385.pdf
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