The recent EU Bioeconomy Strategy Progress Report (2022)* provides the most relevant and publicly available data on the EU’s biobased chemicals, pharma, plastics, and rubber sector. According to the report, the role of bioeconomy sectors in generating economic wealth has improved in the past decade in the EU-27. One of the biggest increases occurred in the manufacturing of biobased pharmaceuticals and biobased plastics (+ € 21 million). The average share of biobased chemical products in the overall chemical market is 3% and generates € 65 billion of value added in 2019, ensuring 500.000 jobs. These numbers prove a significant po
