The global packaging industry experienced a 52% drop in company filings mentions of digitalization in Q4 2023 compared with the previous quarter, with the highest share accounted for by Amcor with 20% year-on-year decrease, according to GlobalData’s analysis of over 310 packaging company filings. GlobalData’s Packaging: Filings Trends & Signals Q4 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, digitalization was one of the most frequently referenced themes in Q4 2023, ranking highest in terms of mentions, ahead of blockchain and Covid-19, according to GlobalData.
Of the top leading companies in the packaging industry, Amcor had the greatest increase in references for digitalization in Q4 2023, compared with the previous quarter. GlobalData identified four digitalization-related sentences in the company's filings - 0.2% of all sentences - and a decrease of 20% in Q4 2023 compared with Q4 2022. UPM-Kymmene’s mentions of digitalization to 3 and Stora Enso’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 digitalization in Q4 2023 was 98.
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For further understanding of GlobalData's Packaging: Filings Trends & Signals Q4 2023, buy the report here.
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