The bioeconomy encompasses the production of renewable biological resources and their conversion into food, feed, bio-based products and bioenergy. As such, it includes agriculture, forestry, fisheries, food and pulp and paper production, as well as parts of chemical, biotechnological and energy industries.
Bioeconomy sectors have a strong innovation potential, using a wide range of sciences (life sciences, agronomy, ecology, food science and social sciences), enabling and industrial technologies (biotechnology, nanotechnology, information and communication technologies (ICT), and engineering), and local and tacit knowledge.
A key aspect of the bioeconomy are biorefineries that use biomass, by- and co-products and waste instead of fossil resources as their raw material.
In the bioeconomy, land use and food security are optimised through a sustainable, resource-efficient and largely waste-free utilisation of Europe’s renewable raw materials, therefore contributing to a circular economy.