Massive growth of world population
With the world population moving towards 9 billion by 2050 and fossil resources shrinking, Europe needs to review its management and use of renewable biological resources. The depletion of fossil resources, on which the European economy heavily depends, calls for a shift towards a new, post-petroleum society.
With its cross-cutting nature, the bioeconomy offers a unique opportunity to address complex and inter-connected challenges, while achieving economic growth. It can assist Europe in making the transition to a more resource efficient society that relies more strongly on renewable biological resources to satisfy consumers' needs, industry demand and tackle climate change.
The EU bioeconomy already has a turnover of nearly € 2 trillion and employs more than 22 million people, accounting for 9% of total employment in the EU.