The global packaging industry experienced a 33% decline in the number of future of work-related patent applications in Q2 2023 compared with the previous quarter. The total number of future of work-related grants dropped by 56% in Q2 2023, according to GlobalData’s Patent Analytics. GlobalData’s Future of Work – Thematic Research report explains how the theme future of work is impacting the workforce across different sectors, it presents key technology, macroeconomic and regulatory trends, market size and growth forecasts for technologies that will play a key role in the theme. Buy the report here.
Notably, the number of future of work-related patent applications in the packaging industry was 175 in Q2 2023, versus 262 in the prior quarter.
The top five companies accounted for 13% of patenting activity
Analysis of patenting activity by companies shows that Krones filed the most future of work patents within the packaging industry in Q2 2023. The company filed 6 future of work-related patents in the quarter, compared with 13 in the previous quarter. It was followed by Daio Paper with 6 future of work patent filings, Tetra Laval International (4 filings), and Multivac Sepp Haggenmuller (4 filings) in Q2 2023.
Patenting activity was driven by China with a 33% share of total patent filings
The largest share of future of work related patent filings in the packaging industry in Q2 2023 was in China with 33%, followed by the US (23%) and Japan (12%). The share represented by China was 2% lower than the 36% share it accounted for in Q1 2023.
For further understanding of GlobalData's Future of Work – Thematic Research buy the report here.