Innovations are a key component of the forest bio economy. Many types of innovations are needed for an efficient forest bio economy to be deployed. This article aimed to analyze the scientific literature on the topic of innovations in the forest bio economy, to understand where we are and where we are likely to be in the future, considering technologies, business models, etc. First, the scientific literature, in the form of peer-reviewed articles indexed in the Web of Science, was compiled in a comprehensive dataset, on which we analyzed the most important authors, their affiliations, regions they come from, journals where papers were most commonly published, and under which categories the papers were indexed. The total number of papers matching the keywords was 161. We found that the number of papers published on the topic is increasing and that, on average, each paper was cited 18 times. A total of 504 authors dealt with the topic, presenting a rather small community. This finding was reinforced by the outcomes of the analysis of regions where the authors of the papers were affiliated—Europe being the region to which most papers were affiliated. We conducted a qualitative synthesis of the literature on forest bio economy innovations. We found that authors dealt with the necessary adaptation of policies, while innovations were mainly focused on biorefining, biotechnology, production of various biomaterials, as well as innovations of business models and stakeholder interactions.
