The bio-economy in Europe is robust, as sales in bio-based industries are on the rise.
The bio-based industries continue their ascent in the European bio-economy, marking a total contribution of €780 billion (approximately $874.9 billion). This figure is an increase of 4% compared to 2017 and more than 20% compared to 2008, which is the earliest data taken into account in this series of reports by nova-Institute. The first report of the series was commissioned by the Biobased Industries Consortium (BIC) in 2017. Since then, the report has been updated on an annual basis; this latest version covers the period from 2008 to 2018.