A. Relevance and sustainability context
A.1 Policy relevance
The indicator provides information to which extent bio-based industries develop together with a market outlook. This is of considerable interest to assess the development but also future growth fields of the bioeconomy.
A.2 Sustainability and / or comparative evaluation options
Benchmark is the current market size. it would be of interest to put this in perspective to the respective whole market (e.g. fossil-based plastics etc.), but often no direct comparable data exists.
B. Data availability
B.1 Stage of development
It is a new indicator as the compilation of market data is possible and has been performed for some application fields. However, robustness is limited due to the reliance on market estimates and coverage is limited to select innovative segments.
B.2 Data sources
Market data suppliers.
B.3 Coverage over time and replicability
Only current data, as back tracing looking for older market studies from now would be quite laborious and data breaks are likely.
B.4 Coverage across scales and sectors; compatibility
Data is freely available only for the global level (only if many studies are purchased, more detailed info would be available).
C. Considerations for operationalization
C.1 Feasibility: Fit for monitoring
Robustness is currently limited as we rely on intransparent market assumptions; issues of double counting may arise, if many markets are summed up.
C.2 Institutions
Fraunhofer ISI
C.3 Future prospects
It would be feasible to update with moderate update efforts, but data breaks possible.
C.4 Costs, considerations and reproducibility
High costs would arise, if more detailed market data is acquired.
C.5 Potential for automation
No, but limited effort.
C.6 Presentation options and breakdown / sub-indicator needs
As only aggregated market numbers are publicly available, no further breakdown possible.
C.7 Potential for scenario integration
Yes, the market development paths could be an important factor in scenarios.
C.8 Interlinkages and alignment with other monitoring activities
Market data is used in other monitoring systems (e.g. batteries), but not for bioeconomy yet.