The analysis of the Eurostat data of 2016 shows that the turnover of the total bioeconomy, including the food and beverage and primary sectors, resulted in 2.3 trillion EUR in the EU-28. Roughly half of the turnover is accounted for by the food and beverage sector, almost a quarter is generated by the primary sectors agriculture and forestry. The other quarter is generated by the so-called bio-based industries, such as chemicals and plastics, pharmaceuticals, paper and paper products, forest-based industries, textiles, biofuels and bioenergy.
In 2016, the bioeconomy employed 18.6 million people in total. The primary biomass production, mainly agriculture plus forestry and fishery, generates a lot of employment (55%) but low turnover (20%).
As in the 2016 study, this update highlights the contribution of the often-underrated bio-based industries. These bio-based industries demonstrate a sizeable turnover of about 700 billion EUR and employ 3.6 million people in the EU-28 in 2016. In the bio-based chemical industry alone, turnover amounted to around 38 billion EUR.
Read the joint press release here.
Consult the full report by Dr. Stephan Piotrowski, Michael Carus (nova-Institut), Dr. Dirk Carrez (BIC), updated July 2019.