Biotic, abiotic stresses and their unpredictable combinations severely reduce plant growth and crop yield worldwide. The different chemicals (pesticides, fertilizers, phytoregulators) so far used to enhance crop tolerance to multistress have a great environmental impact. In the search of more eco-friendly systems to manage plant stresses, chitin, a polysaccharide polymer composed of N-acetyl-D-glucosamine and D-glucosamine and its deacetylated derivative chitosan appear as promising tools to solve this problem. In fact, these molecules, easily obtainable from crustacean shells and from the cell wall of many fungi, are non-toxic, biodegradable, biocompatible and able to stimulate plant productivity and to protect crops against pathogens. In addition, chitin and chitosan can act as bioadsorbents for remediation of contaminated soil and water. In this review we summarize recent results obtained using chitin- and chitosan-based derivatives in plant protection against biotic and abiotic stresses and in recovery of contaminated soil and water.