18.5 million people employed in bioeconomy, primarily in biomass production

February 25, 2018 |

In Washington, DC, a study conducted by nova-Institute on behalf of the Bio-based Industries Consortium (BIC) showed for the first time which macroeconomic effects are generated by bioeconomy activities – those using renewable biological resources from land and sea – and that there has been a continuous increase of 10% since 2008.

With updated data for 2014 and 2015, the report shows that the turnover of the total bioeconomy, including food and beverages and the primary sectors agriculture and forestry, results in 2.3 trillion € in the EU-28. Roughly half of the turnover is accounted for by the food and beverages sector, almost a quarter is created by the primary sectors, agriculture and forestry. The other quarter is created by the so-called bio-based industries, such as chemicals and plastics, pharmaceuticals, paper and paper products, forest-based industries, textile sector, biofuels and bioenergy. The bioeconomy employs 18.5 million people in total. The primary biomass production, mainly agriculture plus forestry and fishery, generates a lot of employment (55%) but low turnover (20%).

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