Every year, close to 8 million tons of waste crab, shrimp and lobster shells are produced globally, as well as 10 million tons of waste oyster, clam, scallop and mussel shells. The disposed shells are frequently dumped at sea or sent to landfill, where they modify soils, waters and marine ecosystems. Waste shells are a major by-product, which should become a new raw material to be used to the best of their potential. There are a number of applications for waste shells in many fields, such as agriculture, medicine, chemical production, construction, environmental protection, cosmetic industry, food and feed industry, and a plethora of other (often niche) applications, which are being developed by the day. This review provides a broad picture of crustacean and mollusc shell waste management and reutilization possibilities, reviewing well established, current, and potential strategies, particularly from the standpoint of sustainability challenges and energy demand.