The global packaging industry experienced a 45% drop in company filings mentions of environmental sustainability in Q3 2023 compared with the previous quarter, with the highest share accounted for by Avery Dennison with 900% year-on-year increase, according to GlobalData’s analysis of over 575 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, environmental sustainability was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of individualism & expression and digitalization, according to GlobalData.
Of the top leading companies in the packaging industry, Avery Dennison had the greatest increase in references for environmental sustainability in Q3 2023, compared with the previous quarter. GlobalData identified 70 environmental sustainability-related sentences in the company's filings - 8% of all sentences - and an increase of 900% in Q3 2023 compared with Q3 2022. Amcor’s mentions of environmental sustainability rose by 36% to 49 and Smurfit Kappa Group’s by 4% to 28 and International Paper’s by 25% to 15.
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 environmental sustainability in Q3 2023 was 110.
For further understanding of GlobalData's Packaging: Filings Trends & Signals Q3 2023, buy the report here.