“Bioeconomy can be defined as those parts of the economy that use renewable biological resources from land and sea – such as crops, forests, fish, animals and micro-organisms – to produce food, materials and energy” (EC 2020).For the future, Bioeconomy is expected to transform the current fossil-based economical system into a more sustainable one that takes various dimensions into account such as food security, resource scarcity and climate change. The world will face an increasing demand of food and energy due to an ever-increasing population. Therefore, renewable energy and resource-use-efficient technologies must be fostered which increase productivity in agriculture, forestry and aqua-culture. At the same time, this process must happen within the planetary boundaries and without jeopardizing our ecosystems and biodiversity. Bioeconomy in agriculture also means an increasing productivity while reducing losses in the production, storage, transport and processing of foodstuff.
Bioeconomy aim to ensure food security and increase the innovative use of resources in a competitive society in a manner friendly to the natural environment.