Bio-based share of chemicals up to 15%

The share of bio-based products in the chemical industry (including plastics) has increased to 15%, up from just 7.5% in 2008. 

This is one of the main findings of a new report from Nova Institute, commissioned by the Bio-based Industries Consortium (BIC).   

The figures are based on an analysis of Eurostat data from 2017, and show that the EU bioeconomy has a total turnover of 2.4 trillion Euro. This is an increase of 25% since 2008.

The so-called ‘bio-based industries’ – chemicals and plastics, pharmaceuticals, paper and paper products, forest-based industries, textiles, biofuels and bioenergy – account for 30% of the total turnover. 

You can read the full report here: