Australia's biosolutions sector could nearly triple to AUD$ 13.1 billion by 2035
A new report shows the industry could support nearly 44,000 jobs and expand by 170 percent with supportive policies.
Australia's biosolutions sector could expand by nearly 170 percent to reach an estimated AUD$ 13.1 billion by 2035, according to findings from a new report released in Melbourne. Titled 'The Value of Biosolutions: Growth and Prosperity to 2035 – Australia edition,' the research outlines how targeted development could see the emerging sector nearly triple its current scale over the next decade. At that projected size, the biosolutions market would equate to approximately 30 percent of Australia's pharmaceutical market.[1][2]
In addition to revenue growth, the research reveals that a fully backed biosolutions industry could support nearly 44,000 jobs across the country by 2035. Such workforce expansion is anticipated to unlock widespread opportunities spanning Australian farming, regional manufacturing, and interconnected local supply networks, helping the nation build greater industrial resilience while strengthening domestic economic value at home.[1][2]
The study emphasizes, however, that capturing these economic and workforce benefits depends heavily on the implementation of supportive government policies. Stronger incentives and strategic measures will be required to effectively convert Australia's raw agricultural resources into sustainable employment, reinforced supply chains, and substantial long-term economic value through 2035.[1][2]
