Lapland has abundantly renewable raw materials for bioeconomy and top-tier know-how in the refinement of those materials. In Lapland, economic growth is not based on the wasteful use of natural resources but on sustainability and circular economy.
Forest sector is the biggest and the most apparent field in Lapland with its EUR 1.5 billion return and other bioeconomy industries are also growing and developing the same. According to estimates from experts, Lapland’s sustainable bioeconomy could become a billion-class business in the future. Large investments have been planned for bioindustry, and with their lead the whole business ecosystem will grow.
The bioeconomy in Lapland is more than just forestry and forest industry. The pure raw materials from the Arctic environment provide opportunities for refining natural products and provisions.
Explore sustainable business based on resources from unique conditions