The global packaging industry experienced a 2% rise in company filings mentions of artificial intelligence in Q1 2023 compared with the previous quarter, with the highest share accounted for by Nestle with 117% year-on-year increase, according to GlobalData’s analysis of over 117 packaging company filings. The growing application of Artificial Intelligence will prove to have a transformative impact across multiple sectors. GlobalData’s Artificial Intelligence (AI) Market Size, Share, Trends, Analysis and Forecast report helps keep abreast of the latest trends in Artificial Intelligence, market opportunity forecast and the competitive landscape. Buy the report here.
Notably, artificial intelligence was one of the most frequently referenced themes in Q1 2023, ranking highest in terms of mentions, ahead of environment and internet of things, according to GlobalData.
Of the top leading companies in the packaging industry, Nestle had the greatest increase in references for artificial intelligence in Q1 2023, compared with the previous quarter. GlobalData identified 8 artificial intelligence-related sentences in the company's filings - 11% of all sentences - and an increase of 700% in Q1 2023 compared with Q1 2022. Anheuser-Busch InBev’s mentions of artificial intelligence rose by 100% to 4 and Kraft Heinz’s by 100% to 3 and Procter & Gamble’s by 200% to 3 and Hormel Foods’s by 100% to 2.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for artificial intelligence in Q1 2023 was 104.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
