The global packaging industry experienced a 2% decline in patent filings in Q2 2023 compared with the previous quarter. The total number of grants dropped by 23%, resulting in overall patent publications decreasing by 2.0%, according to GlobalData’s Patent Analytics. GlobalData’s Top Themes in Packaging research report highlights the top 10 impactful themes in the packaging sector in 2022, identifying winners and losers based on technology leadership, market position, and alternative data signals through GlobalData’s unique thematic research ecosystem. Buy the report here.
Notably, the number of patent applications in the packaging industry was 10,777 in Q2 2023, versus 10,997 in the prior quarter. Filings were down 21% year-on-year and decrease 2% quarter-on-quarter. This compares to a 21% year-on-year decrease in patent grants and 2% decline in quarter-on-quarter.
Most patenting activity has been in the Industrial Automation sector, where the number of patents filed Q1 2023 was 78, a drop of 15% versus the previous quarter. The second-largest patent count was in IT Services (65, down 6%) and then Records Management in third (61, up 42%).
The top five companies accounted for 5% of patenting activity
Patenting activity was driven by China with a 35% share of total patent filings
The largest share of patent filings in the packaging industry in Q2 2023 was in China with 35%, followed by the US (13%) and Japan (9%). The share represented by China was 5% higher than the 30% share it accounted for in Q1 2023.
For further understanding of GlobalData's Top Themes in Packaging - Thematic Intelligence, buy the report here.