In 2017, a study conducted by nova-Institute on behalf of BIC showed for the first time which macroeconomic effects are generated by these activities, e.g. turnover and employment for the years 2008 and 2013. Now, the new version of the report is available which spans the whole period from 2008 to 2017.
The updated report for 2017 revealed that the bio-based industries contributed 750 billion EUR to the European economy in 2017, a notable increase of 50 billion EUR (+>7%) compared to 2016. The nova-Institute report commissioned by BIC also indicated that the bio-based industries employ 3.6 million people in the EU-28. Figures for the bio-based chemical industry (including plastics) alone reveal a turnover of 60 billion EUR and an increase of the bio-based share to 15%, up from 7.5% in 2008. The data shows that the turnover of the total bioeconomy*, including food and beverages and the primary sectors of agriculture and forestry, results in just over 2.4 trillion EUR in the EU-28, meaning an increase by 25% since 2008.
Click on the link above to consult the full report.