Brussels, October 2018 - A sustainable Bioeconomy for Europe: strengthening the connection between economy, society and the environment - Updated Bioeconomy Strategy "will maximise the contribution of the bioeconomy to major European policy priorities".

The document mentions the key importance of the EU bioeconomy and it's contribution with a "turnover value of €2.3 trillion and accounting for 8.2% of the EU's workforce". Furthermore, it proposes three main action areas: 1.strengthen and scale-up the bio-based sectors, unlock investments and markets; 2. deploy local bioeconomies rapidly across Europe; 3. understand the ecological boundaries of the bioeconomy. In this document, the term biomanufacturing is not used but is commonly replaced by bio-based industries.

Source: European Commission.