Bio-based Industries Consortium report shows bioeconomy grew despite Brexit

In Germany, the annual update of the Bio-based Industries Consortium’s (BIC) and nova-Institute’s report on Europe’s bio-based industries reveals that, despite significant changes in this year’s assessment due to Brexit, bio-based industries continue to grow, marking a total contribution of over 814 billion Euro to the EU’s bioeconomy in 2019 (the latest available data in Eurostat). 

This constitutes an increase of 34 billion Euro (+4 %) compared to the year 2018 despite removing the UK from the scope. Analysis of the 2019 Eurostat data show that the turnover of the entire bioeconomy including food and beverages and the primary sectors of agriculture and forestry, amounts to just over 2.4 trillion Euro in the EU-27.