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: https://biconsortium.eu/sites/biconsortium.eu/files/downloads/BIC%20%26%20nova-Institute%20-%20Bioeconomy%20in%20figures%202008-2017.pdf