Conceptual principles of a bio-oriented economy in the context of sustainable development

The purpose of the article is to substantiate and highlight theoretical provisions and methodological approaches to the formation of conceptual principles of the bio-oriented economy and establish its role in the context of sustainable development. Research methods. The methods used: abstract-logical - in the study of the essence of the concept of "bio-oriented economy and in substantiation of theoretical provisions for the formation of the concept of bio-oriented economy; analysis and synthesis - in establishing the place of bio-oriented economy in the context of sustainable development; monographic - the study of scientific works of Ukrainian and foreign scientists on bio-oriented economy; graphic - for visual display of research results. Research results. The theoretical provisions and methodological approaches to the formation of the concept of a bio-oriented economy, as well as its place in the context of sustainable development, are generalized. Scientific novelty. The concept of bio-oriented economics has become further developed, the purpose of the implementation of which in the context of sustainable development is recognized to satisfy the demand and needs of society in the process of realization in the biomass market produced on the basis of a bio oriented economy. Under the conditions of effective development of the bio-oriented economy, global goals will be achieved, namely: the issue of food security has been resolved, the rational use of natural resources, promoting the ecologization of production processes, that is, achieved goals of sustainable development. Practical significance. The conceptual scheme, which provides the possibility of implementing and effective development of a bio-oriented economy in the context of sustainable development, is proposed. Figs.: 2. Refs.: 21.