The global packaging industry experienced a 19% drop in new job postings in Q4 2023 compared with the previous quarter, with the highest share accounted for by DS Smith with 898 job postings according to GlobalData’s analysis of packaging company job postings. GlobalData’s Packaging: Hiring Trends & Signals Q4 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the packaging industry, facilitating anticipation of future workforce needs. Buy the report here.
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Notably, Production Occupations jobs accounted for a 14% share of the global packaging industry’s new job postings in Q4 2023, down 16% over the prior quarter.
Production Occupations drive packaging industry hiring activity
Production Occupations, with a share of 14%, was the occupation with the greatest hiring activity in the global packaging industry in Q4 2023, ahead of Office and Administrative Support Occupations with a 13% share of job postings.
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The other prominent roles include Management Occupations with an 8% share in Q4 2023, Installation, Maintenance, and Repair Occupations with a 15% share and Transportation and Material Moving Occupations with a 6% share of new job postings.
Top five companies in packaging industry accounted for 26% of hiring activity
The top five companies, in terms of number of new job postings tracked by GlobalData, accounted for a combined 26% share of the overall hiring activity in the global packaging industry in Q4 2023.
DS Smith posted 898 jobs in Q4 2023 and registered a growth of 121% over the previous quarter, followed by International Paper with 793 jobs and a 41% decline. Ball with 714 jobs and Cascades with 705 jobs, recorded a 19% decline and an 8% rise, respectively, while Avery Dennison recorded a 4% rise with 700 job postings during Q4 2023.
Hiring activity was driven by North America with a 62% share of total new job postings, Q4 2023
North America held the leading share of the new job postings in the global packaging industry with a 62% share, a 6% lower over Q3 2023. Europe stood next with 25%, registering a 15% decline over the previous quarter.
Asia-Pacific with a 6% share marked a 17% rise over Q3 2023. The South & Central America and Middle East & Africa accounted for shares of 47% and 93% respectively.
For further understanding of GlobalData's Packaging: Hiring Trends & Signals Q4 2023, buy the report here.
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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 Job Analytics uses machine learning to uncover key insights from tracking daily job postings for thousands of companies globally. Proprietary analysis is used to group jobs into key thematic areas and granular sectors across the world’s largest industries. classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
