The significance of supply chain innovation within the bioeconomy - a domain focusing on the sustainable harnessing of renewable biological resources - is burgeoning in contemporary research. This literature review is geared towards understanding the intricate interplay between these two pivotal arenas. While the bioeconomy promises sustainable solutions for food, materials, and energy production, its realization is tightly linked to innovative supply chain models and practices. Challenges encountered in this domain include varying bioeconomy definitions, the scarcity of comprehensive reporting mechanisms, and limited data on bio-based inputs. Notably, the packaging sector emerges as a cardinal space for bioeconomy-inspired innovations. However, potential conflicts over biomass usage and societal discussions on agricultural and food perspectives can sometimes overshadow the bioeconomy's prospects. To realize its full potential, fostering sustainable supply chains is quintessential. The synergy between inter-sector collaboration and favorable regulatory frameworks can act as a catalyst in this pursuit. Conclusively, while supply chain innovations hold the key to the bioeconomy's future, the road ahead necessitates focused research and robust policy-making.