AUTHOR=Wang Tiantian , Yu Zhongkang , Ahmad Riaz , Riaz Samina , Khan Kashif Ullah , Siyal Saeed , Chaudhry Muhammad Asif , Zhang Taiming 

TITLE=Transition of bioeconomy as a key concept for the agriculture and agribusiness development: An extensive review on ASEAN countries

JOURNAL=Frontiers in Sustainable Food Systems

VOLUME=Volume 6 - 2022

YEAR=2022

URL=https://www.frontiersin.org/journals/sustainable-food-systems/articles/10.3389/fsufs.2022.998594

DOI=10.3389/fsufs.2022.998594

ISSN=2571-581X

ABSTRACT=Transition of bioeconomy played an important role in the development of any
economy. Therefore, the purpose of the current paper is to review the key concept
of transition of the bioeconomy in the ASEAN economies that is considered to be
an innovative collective method for observing the operation of national economies
numerous sectors that produce and process biological wealth. Based on literature
discussion, it has been reviewed that transition of bioeconomy is being presented
with respect to theoretical concept, and their essence and bioeconomy size, and
the challenges and risks which are related with the bioeconomy transition. The
various ways and the area of action along with present strategies which are
supporting in the development of bio economies and their relationship with the
circular economies model had been presented. It was saw in the literature that
ASEAN agricultures sectors had been contribution their major part in
development of value-added products, and employment except Malaysia,
Thailand, and Laos. Moreover, the analysis results had also shown that transition
of bioeconomy is considered to be an important concept in the growth of
agriculture, forestry, agribusiness, and various sector are producing and for use of
the bio based raw materials. It was further found that for getting a real bio
economy opportunity, it is very essential that there should be a proper national
and regional strategy for the bioeconomy development in place and for the
development of a proper design and proper management coordination at every
level of sectors, enterprises, and provincial systems.