Overview: The bioeconomy is part of the economy that uses and applies biological processes and renewable bioresources to produce products that rely on plant or animal material as the main ingredient. The online fact sheets provide insights into where potentially successful product and business development ideas in the biobased product industry are found in today’s marketplace.
- If you are an individual, a group, a cooperative or any other value chain participant who wants to expand or start a new business in the biobased product industry, you can use the fact sheets to broadly identify and assess potential opportunities for high profit biobased products and markets. Most of these products are high-value, differentiated or niche building block, intermediate or end-user biobased products.
- If you are a policy maker, economic developer, industry association executive or faculty member, you can use the fact sheets to support individuals in their efforts to develop and commercialize biobased products or businesses.
Fact sheet user guide: You can learn more about biomass feedstocks, biorefineries, and general market trends for a wide range of biobased products by clicking on the biobased product matrix . For those who have specific product idea in mind, the matrix lists a wide range of building block, intermediate and end-user biobased product lines and categories.
- For a given product line or category, brief information is given on product description; applications and general market trends; technology, manufacturing and value-chain issues; and overall product development opportunities. You can use this information to learn more about the product development and market potential of a specific biobased product within each product line or category.
- You can also use the fact sheets to learn more about the major forces driving biobased products by clicking on the following links: Economic and security factors, Environmental factors, and other factors.
Be Careful: The fact sheets do not present profit or detailed sales estimates for a particular biobased product. These estimates for specific biobased products can only arise from additional work typically done in a business or product development plans and feasibility studies. This process will also help to check whether the ideas in specific biobased products have profit potentials that have not been tapped by other |