The present report summarises the enhancements made with recognised (bioeconomy) economic modelling tools (MAGNET and AGMEMOD/BioMAT) to better capture the nuances of bio-based markets and provides a plausible medium-term baseline that combines the strengths of the simulation models. As such, this study is envisaged as an initial preparatory step for further scenario-based analyses that might serve as further insides into different pathways for the EU bioeconomy, in the event of the upcoming update of EU Bioeconomy Strategy and Action Plan expected at the end of 2025. The design of the modelling framework, which started in 2023, considers a range of modelling enhancements and alignments that are relevant to policy documents and topics.
Philippidis et al. (Wed,) studied this question.