
The bioeconomy as a strategic opportunity
- 17.1 Million jobs in the EU in biomass producing and converting activities - generating 5% of GDP
- EUR 2.7 trillion estimated value of the EU bioeconomy including goods and services
- 18% per year growth rate for the EU biotechnology sector, worth over EUR 720 billion
- 2.9 additional jobs are generated in the EU for every job created in the bioeconomy
The EU Bioeconomy Strategy aims to...
(1) scale up innovation and investmentsby removing barriers and hurdles.
(2) Build lead markets for bio-based materials and technologiessuch as plastics, fibres, textiles, chemicals, fertilisers, plant protection products, construction materials, biorefineries, advanced fermentation and permanent storage of biogenic carbon.
(3) Ensure sustainable biomass supply for the value chainsby managing biomass better, increasing circularity and protecting nature.
(4) Harness global opportunitiesby facilitating access to global markets and shaping the global sustainable bioeconomy agenda.
