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Nature Based Innovations in the Development of Bioeconomy

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  • Maciejczak, Mariusz

Abstract

The main purpose of the article was to present the benefits and challenges related to the bioeconomy as a subsector of the economy, as well as the impact of the biological revolution on the bioeconomy. The market readiness of various nature-based innovations in agriculture was also assessed. The bioeconomy was found to be a right path to sustainable development, addressing social and environmental challenges while supporting economic growth. Thus, it determines a more resilient and resource-efficient development. Naturebased innovations harness the power of nature’s resilience, efficiency and adaptability to meet societal challenges in a sustainable way. These innovations offer promising economic solutions while increasing the protection of biodiversity and the health of ecosystems. Based on feedback from key stakeholders, the Garther Hype Cycle model was developed. The productivity phase is reached by those technologies and products that have managed to break out of their niche and gain widespread acceptance. In the analysis, this level was achieved by biological control and the use of beneficial microorganisms. Biological control in particular has been identified as a nature-based technology that dominates today’s agriculture and will increase in importance in the future.

Suggested Citation

  • Maciejczak, Mariusz, 2023. "Nature Based Innovations in the Development of Bioeconomy," Roczniki (Annals), Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA), vol. 2023(2).
    • Handle: RePEc:ags:paaero:340014
    DOI: 10.22004/ag.econ.340014
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    References listed on IDEAS

    as
    1. Justus Wesseler & Joachim von Braun, 2017. "Measuring the Bioeconomy: Economics and Policies," Annual Review of Resource Economics, Annual Reviews, vol. 9(1), pages 275-298, October.
    2. Dedehayir, Ozgur & Steinert, Martin, 2016. "The hype cycle model: A review and future directions," Technological Forecasting and Social Change, Elsevier, vol. 108(C), pages 28-41.
    3. Sören Richter & Nora Szarka & Alberto Bezama & Daniela Thrän, 2022. "What Drives a Future German Bioeconomy? A Narrative and STEEPLE Analysis for Explorative Characterisation of Scenario Drivers," Sustainability, MDPI, vol. 14(5), pages 1-32, March.
    4. Iris Vural Gursel & Berien Elbersen & Koen P. H. Meesters & Myrna van Leeuwen, 2022. "Defining Circular Economy Principles for Biobased Products," Sustainability, MDPI, vol. 14(19), pages 1-21, October.
    5. Franz Grossauer & Gernot Stoeglehner, 2023. "Bioeconomy—A Systematic Literature Review on Spatial Aspects and a Call for a New Research Agenda," Land, MDPI, vol. 12(1), pages 1-22, January.
    6. Justus Wesseler & Joachim von Braun, 2017. "Measuring the Bioeconomy: Economics and Policies," Annual Review of Economics, Annual Reviews, vol. 9(1), pages 275-298, October.
    7. David Zilberman & Ben Gordon & Gal Hochman & Justus Wesseler, 2018. "Economics of Sustainable Development and the Bioeconomy," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 40(1), pages 22-37.
    8. Maciejczak, Mariusz, 2022. "The Role of Biological Knowledge in the Development of Sustainable Bioeconomy – Case of Potato and Its Beneficial Microorganisms Interactions," Roczniki (Annals), Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA), vol. 2022(2).
    9. Davide Viaggi & Matteo Zavalloni, 2021. "Bioeconomy and Circular Economy: Implications for Economic Evaluation in the Post-COVID Era," Circular Economy and Sustainability, Springer, vol. 1(4), pages 1257-1269, December.
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