The production and consumption of sugar cane alcohol has dominated for decades. The bioethanol industry has become the second largest producer in the world. In addition to biofuels, cane sugar and soya are other important export goods. The use of genetically modified crops is widespread: Brazilian fields account for one-fifth of the global GM cultivation area. Future potential lies in bio-based chemicals production. The timber industry is considered an additional growth market. Brazil has also committed itself to prevent the illegal clearing of rainforests by 2030.
The strongest South American economy is rich in bio-based raw materials. The Amazon country has unrivaled biodiversity. However, there is no bioeconomy strategy.