How Big Is The Bioeconomy?

The critical role of the Circular Bioeconomy in the sustainable transition has been widely recognized, to the point that a number of countries worldwide have elaborated their bioeconomy strategies and others are in the process of framing their own. The purpose of this report is to advance more objective and rigorous measurement and analysis of the bioeconomy according to the broad definition of the European Commission in 2018. The authors believe that these are fundamental elements to ensure that “The next era of industry will be one where the physical, digital and biological worlds are coming together” (European Commission 2020a). Taking account of the diversity of EU’s bioeconomies and sectors, this report broadens the ongoing discussion on how to measure and determine the contribution of the bioeconomy to a sustainable and circular economy.