Innovation in forestry biomass residue processing: towards circular forestry with added value products

PP7 news

13 June 2024
Technical details

As part of the CeForestry project, JSC Biolat explored the potential for innovative products derived
from forest resources. The final report examines market trends, consumer preferences, competition, and
strategies for success in the burgeoning field of bioproducts.
The report is designed to help small and medium-sized enterprises (SMEs) understand the
bioproducts market, identify opportunities and challenges, and find ways to enter and grow within the
industry. The focus is on using forest resources sustainably while meeting the rising demand for eco-friendly
Consumers are increasingly favoring sustainable and environmentally friendly products. This shift is
driven by heightened environmental awareness and regulations promoting green products. Many consumers
are now willing to pay a premium for products that help protect the environment and reduce carbon
emissions. The market is becoming more competitive, with both established companies and new entrants.
The report identifies key competitors, along with their strengths and weaknesses, and emphasizes the need
for companies to innovate, maintain high quality, and highlight their sustainability credentials to stand out.
Several challenges for efficiently using green forestry biomass in novel products were noted during
the CeForestry project. These include high production costs, technological hurdles, and regulatory
obstacles. However, there are also numerous opportunities, such as advancements in biotechnology,
increasing government support for green initiatives, and potential partnerships with other industries aiming
to improve their sustainability.
Another section of the report provides detailed strategies for capturing market share.
Recommendations for SMEs include developing innovative products, investing in technology to reduce
production costs, and enhancing marketing efforts to build brand recognition and trust. An in-depth look at
the value chain identifies key stages where value can be added, from sourcing raw materials to delivering
the final product. This helps pinpoint areas where efficiency can be improved, costs can be reduced, and
sustainability can be enhanced. Collaborations with academic institutions, research organizations, and
industry partners are recommended to foster innovation and share the risks of developing new products.
Strategic alliances can help access new technologies, expand market reach, and enhance credibility.
Effective marketing and distribution strategies are crucial. Research findings suggest using digital
marketing, social media, and sustainability certifications to attract and retain customers. Biolat also
recommends exploring various distribution channels, including online platforms and retail partnerships, to
reach a broader audience.
In conclusion, the CeForestry project’s Green Forestry Biomass Market Analysis provides a
comprehensive guide for entering and succeeding in the bioproducts market. By tapping into the growing
demand for sustainable products and navigating the competitive and regulatory landscapes wisely,
companies can achieve significant success. This report targets businesses looking to innovate and lead in
the bioproducts sector, contributing to a more sustainable future