The document discusses the role of forest-based industries in the developing bioeconomy. It notes that while paper production is already biobased, the bioeconomy is still in its infancy and has potential to address socioeconomic and environmental challenges. Realizing this potential requires bringing all actors and sectors together to build the biobased sector through investments in R&D, deployment of technologies, and supportive policies. The forest-based industry can play an expanded role by producing current products, supplying biobased building blocks, and developing new products through combinations with other biobased materials.