Australia edition
How can biosolutions help Australia create more value at home?
Australia has the resources, capabilities, and innovation ecosystem to play a larger role in the global bioeconomy. With supportive policies, biosolutions can help create jobs, strengthen domestic supply chains, and generate more value from Australia’s agriculture and industrial resources.
Australia edition
Creating more value from Australia’s strengths
With abundant agricultural resources and strong industrial capabilities, Australia is well positioned to expand its bioeconomy.
By 2035, the sector could grow by nearly 170%, generating AUD 13.1 billion in economic value and supporting nearly 44,000 jobs. This would represent an industry worth almost 30% of Australia's projected pharmaceutical market by 2033.
Expand Australia's bioeconomy with biosolutions today
Biosolutions are on the rise.
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With biosolutions touching so many industries, they're creating a virtuous cycle of jobs, growth and resilience for a secure and prosperous future.
By 2035, Australia's biosolutions sector could support nearly 44,000 jobs across the economy. For every direct biosolutions job, an additional 5.1 jobs are supported elsewhere in the economy, more than twice the global average and the highest multiplier among the countries assessed in the study. More than half of these indirect jobs are concentrated in agriculture and its wider value chain.
Australia's biosolutions sector generates as much economic value as its entire dietary supplements market. With supportive policies, the sector could grow by nearly 170% by 2035, creating new opportunities across farming, manufacturing, and local supply chains while helping Australia capture more value from its own resources.
Australia's abundant feedstocks, including canola, tallow, and sugarcane, provide a strong foundation for domestic bio-based production. By reducing reliance on imported fuels and creating more value from local resources, biosolutions can strengthen energy security, support domestic supply chains, and improve resilience to global disruptions.
Biosolutions are already creating value across Australia's economy today, but the opportunity ahead is significantly greater. The policy choices made today will determine whether more jobs and economic value are created here or elsewhere.
As Australia develops its response to the challenges and opportunities ahead, science and innovation will be central to sustainable development. Biosolutions should form part of this effort, supported by policies that encourage responsible innovation and collaboration.
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