Technology and innovation is the key to expansion. Technology transfer is crucial to assist countries which technology is lacking behind to maximize its harvest. In addition to worldwide food supply, seafood is also crucial to development of other industries such as marine renewable energy, cosmetic, health & pharmacology, environment & cleantech. The Forum & Expo is held around the globe as a platform for ideas exchange, technological transfer, research and possible solutions to technical issues identified, and for all other related industries to better understand and maximize marine resources available.
The global market for the blue economy is worth $176 billion, but
- Marine biotechnologies represent only 8% of the total biotech market.
- Marine bio-plastic is less than 1% of the total biomaterial market.
- Marine bio energies represent 1.5% of the energy market.
- Marine renewable energies less than 8% of the energy market.
- Aquaculture represent 12% of the protein world market and will be more than 50% by 2050.
- Blue chemistry represents only 6% of the chemicals market.
- Marine cosmetics account only for 13% of the cosmetics market.
- Marine nutraceuticals represent 32% of the nutraceuticals market.
- Marine ingredients represent 38% of natural compound market.
The Blue Economy
- Millions of people work in the seafood industry
- The “Blue Economy” contributes to
food and nutrition
marine renewable energy
environment and cleantech
health and pharmacology
- The global market for the “Blue Economy” is worth $176 billion
- What makes the seafood chain?
- How technology and innovation can help expand to expand the industry?
- Application of technology and innovation to maximize yields from harvesting?
- Issues of regulation and fraud
- How can regional and national governance frameworks and institutions be strengthened to increase net economic and social benefits, including environments?
- How can the existing burdensome regulatory frameworks around resource-development approvals be improved to provide an easier path to market and eliminate issues of illegal, unregulated and unreported catches, seafood fraud, etc?
- How do we build diversified local, national and regional economies that are big enough to cope with shocks (climate, economic, health, terrorism) through capability building and regional networks?
The Grand Challenges
- Marine sovereignty and security
- Energy security
- Food security & nutrition
- Biodiversity conservation and benefits
- Sustainable urban coastal development
- Climate change adaptation
- Resource allocation
- Wastage utilisation (including program re plastic practices)
- Public-Private investment