The global packaging industry experienced a 53% decline in the number of environmental sustainability-related patent applications in Q2 2024 compared with the previous quarter. The total number of environmental sustainability-related grants dropped by 48% in Q2 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Packaging: Patents Trends Q2 2024 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
Notably, the number of environmental sustainability-related patent applications in the packaging industry was 793 in Q2 2024, versus 1,699 in the prior quarter.
The top five companies accounted for 11% of patenting activity
Analysis of patenting activity by companies shows that LG Chem filed the most environmental sustainability patents within the packaging industry in Q2 2024. The company filed 37 environmental sustainability-related patents in the quarter, compared with 48 in the previous quarter. It was followed by Stora Enso with 15 environmental sustainability patent filings, CJ (14 filings), and Nestle (12 filings) in Q2 2024.
Patenting activity was driven by China with a 31% share of total patent filings
The largest share of environmental sustainability related patent filings in the packaging industry in Q2 2024 was in China with 31%, followed by the US (15%) and Japan (9%). The share represented by China was 24% lower than the 55% share it accounted for in Q1 2024.
For further understanding of GlobalData's Packaging: Patents Trends Q2 2024, buy the databook here.
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