Sustainable Biomanufacturing: Leveraging Circular Economy Principles for Competitive Advantage

Emily Carter
GreenTech University, USA

DOI:https://doi.org/10.5912/jcb2486

Abstract:

In this regard, sustainable biomanufacturing is one of the subsectors of the green economy that can improve the efficiency of production processes. Introducing circular economy thinking into a biological manufacturing sector enables manufacturing companies to minimize waste, conserve their resources, and increase the sustainability of their operations. In this paper, the author aims to demonstrate how circular economy ideas in terms of organization of production – product life-cycle extension, waste valorization, and resource recycling – can be applied to biomanufacturing to establish competitive advantages. We also show examples of the applied case of some of these principles through cases in the pharmaceutical, chemical, and food production industries and how firms reduce their environmental impacts and improve their economic performance. The paper elucidates the difficulties of circularity and potential integration frameworks for circularity before recommending that the integration of circular strategies should not threaten business prosperity or endanger the ecosystem. Overall research found that, utilizing the principles of the circular economy concept in biomanufacturing can address long-standing sustainability objectives on a long-term basis and provide novel opportunities for gaining market competitive advantages in a rapidly changing world.