EU cultivates six leading markets

Crack the energy, resources and environmental predicament - resources, energy and environmental pressure are problems that cannot be avoided in the process of economic development. At the beginning of the new year, the European Commission proposed that all member states should focus on cultivating six leading markets that will play a major role in EU economic development by formulating relevant national policies and other measures to promote the healthy and stable development of the European economy. The six leading markets identified by the European Commission are: the bio-based product market, the recycling market, the renewable energy market, the sustainable construction market, the protective textile market, and the Internet health market closely associated with personalized health systems. According to experts, the European Commission said that it is necessary to vigorously develop the six major markets because these markets are not only highly innovative, but also able to meet the evolving needs of society, but also require strong innovation and industrial infrastructure support. It has always been a long-term project in Europe.
The European Commission has identified a five-year action plan called the Leading Market Initiative (LMI) to support six major areas of development. It is estimated that by 2020, these six markets can provide 3 million jobs in Europe, and related businesses can reach 4,500. One hundred million U.S. dollars. Biobased products, one of the six leading markets, usually refer to products made from renewable biological raw materials such as various crops and trees. The long-term growth potential of such products will depend on their ability to replace fossil products and whether they can meet various end-use requirements at competitive costs. The European Commission’s action plan for such products will support the development of innovative technologies and formulate performance standards and application targets for such products to ensure their quality and provide consumers with relevant information. The long-term development of such products can reduce European society's dependence on fossil products, while also reducing pollutant emissions. According to experts, the European Biotechnology Industry Association is very supportive of LMI because it will greatly promote the development of bio-based products such as enzymes, bio-chemical building materials and bio-plastics.
The development of a renewable circulatory system can, on the one hand, reduce the amount of waste handled while reducing the consumption of natural resources and improving energy efficiency. At present, the European renewable recycling industry has an output value of 25 billion euros, and employs about 500,000 people, accounting for about 40% of the world's total recycling economy. In the future, Europe will further develop relevant policies to encourage the development of renewable recycling industries, and will introduce more effective methods and technologies through technological innovation to further reduce costs and reduce the consumption of energy and natural resources. The renewable energy industry in Europe currently has an output value of 20 billion euros, accounting for 8.5% of Europe's total energy demand, providing 300,000 jobs for the society. The European Commission has proposed in March 2007 that it is necessary to vigorously develop the industry. By 2020, renewable energy will account for 20% of total European energy consumption. The construction market currently accounts for 10% of the European economy. The employees of the industry account for 7% of the total European social workforce. It also accounts for 42% of the total European energy consumption. In addition, 35% of total greenhouse gas emissions in Europe also originate from the construction industry. It can be seen from this that there is ample room for development in the sustainable construction market supported by innovative technologies.
Protective textiles can be used to make work clothes (bullet-proof vests, fireproof suits, anti-bacterial suits, anti-radiation suits, etc.) with various protective functions, thereby protecting people from the various risk factors in the working environment. It is estimated that the market value of this market in Europe amounts to 10 billion euros, and there are 200,000 direct and indirect jobs related to the products and services in the market. The most important part of the Internet health market is the so-called Internet health tools. It means that with the help of the Internet, health and medical departments and experts can provide people with various personalized solutions including products, systems, and services. It is said that if Europe does not make major reforms in its medical service system in the future, including the failure to make better use of Internet health tools, the acceleration of the ageing trend will lead to a significant increase in the expenditure on health care in Europe, and the proportion of GDP will be from the current 9 % increased to 16% in 2010. Expert analysis shows that compared with other markets, Europe is more dependent on the development of various favorable conditions from the national level.

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