Methodology for determining potential of forest bioproduct commercialization

In the context of bioeconomy, the use of bioresources in manufacturing of high value added products is becoming more and more topical. This factor and others are leading scientists to develop both new innovative products made from biomass and manufacturing technologies for these products. The remaining question is: which of these products is better and is it even possible to mutually compare two different products? Therefore, the authors of this paper have developed an algorithm for screening methodology based on multi-criteria approach, with which it is possible to analyse and mutually compare the commercialization and overall potential of innovative products with high added value from forest biomass. The method is adjusted to conditions in Latvia, evaluating 30 bioproducts from forest biomass.