Global scenario of Bio economy

Bioeconomy can be defined as the industry’s response to the present global challenges in social, and economic along with the bioproducts, climate change. In bioeconomy, renewable and naturally produced biological energy resources are used to replace fossil fuels as well as for other bio-based products. The recent evolution in the field of biotechnology industry and its application on chemical or energy industries are example of bioeconomic activity. It includes Biofuels production and consumption scenario, Modern bioeconomy researches, Business of the emerging bioeconomy.