Bioeconomy refers to the economic activities that utilize renewable biological resources, such as plants, animals, and microorganisms, to produce food, materials, and energy. This approach aims to create sustainable systems that reduce reliance on fossil fuels and minimize environmental impact. By harnessing biological processes, the bioeconomy promotes innovation in sectors like agriculture, forestry, and biotechnology. The concept of bioeconomy also emphasizes the importance of circular economy principles, where waste is minimized, and resources are reused. It supports the development of bioproducts, biofuels, and bioplastics, contributing to a greener economy and addressing challenges like climate change and resource scarcity.