The term 'biobased product' refers to products wholly or partly derived from biomass, such as grasses, trees or other plants. To make a biobased product, the biomass can have undergone physical, chemical or biological treatment. It is important to understand what the term 'biobased product' covers, and how it is being used. The reason for increasing interest in biobased products, in part, can be found in their benefits as they pertain to minimizing fossil resource consumption, or climate change. Biobased products can also provide additional product functionalities, less resource intensive production, price points that are decoupled from oil, and more efficient use of a wider range of natural resources.
Companies, governments and consumers are confronted with numerous uncertainties with new products, new technologies, and new supply chains. These uncertainties may slow growth of the bioindustrial market into full-scale commercial applications.
Biobased products are commercial or industrial products that are composed in whole, or in significant part, of biological products or renewable agricultural or forestry materials. Biobased products can include big buckets of goods such as:
A detailed description of each category can be found at: http://www.biobased.oce.usda.gov