The global packaging industry experienced an 88% drop in company filings mentions of COVID-19 in Q3 2023 compared with the previous quarter, with the highest share accounted for by Amcor with 78% year-on-year decrease, according to GlobalData’s analysis of over 393 packaging company filings. GlobalData’s Packaging: Filings Trends & Signals Q3 2023 report delves into earnings call transcripts and quarterly reports within the packaging industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
Notably, COVID-19 was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of big data and mobile payments, according to GlobalData.
Of the top leading companies in the packaging industry, Amcor had the greatest increase in references for COVID-19 in Q3 2023, compared with the previous quarter. GlobalData identified six COVID-19-related sentences in the company's filings - 0.3% of all sentences - and a decrease of 78% in Q3 2023 compared with Q3 2022. Packaging Corporation of America’s mentions of COVID-19 to 5 and Ball’s by 75% to 2 and Smurfit Kappa Group’s by 75% to 2 and Crown’s by 75% to 1.
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 COVID-19 in Q3 2023 was 140.
For further understanding of GlobalData's Packaging: Filings Trends & Signals Q3 2023, buy the report here.