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Publication | 10 November 2020

Bioeconomy in Europe - 6th edition

Bioeconomy

Bioeconomy in Europe, the 6th Report by Assobiotec and Intesa Sanpaolo

The pandemic caused by the SARS-COV2 virus has made it more evident that the models of economic development need to be rethought with a greater focus on sustainability and respect for the environment. A major role is played by the Bioeconomy, a system that uses biological resources from land and sea and waste materials as inputs for food, industrial manufacturing and energy.

Based on our estimates, the value of Bioeconomy production in 2018 grew by more than 7 billion euros with respect to 2017 (+2.2%), thanks to the positive contribution of the majority of the sectors considered and in particular of those linked to the agrifood chain.

A comparison at European level shows that Italy ranks third in terms of production value, after Germany (414 billion euros) and France (359 billion euros) and followed by Spain (237 billion euros), the United Kingdom (223 billion euros), and finally Poland (133 billion euros).

Italy also ranks third in terms of the number of persons employed in the Bioeconomy, with just over 2 million employed, behind Poland, which employs 2.5 million people (mainly in the agricultural sector) and Germany (2.1 million persons employed). France is in fourth position (1.8 million employed), followed by Spain (1.6 million employed) and the United Kingdom (1.2 million employed).