The global packaging industry experienced a 15% decline in patent filings in Q1 2024 compared with the previous quarter. The total number of grants dropped by 11%, resulting in overall patent publications decreasing by 15.2%, according to GlobalData’s Patent Analytics. GlobalData’s databook Packaging: Patents Trends Q1 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.
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Notably, the number of patent applications in the packaging industry was 10,667 in Q1 2024, versus 12,576 in the prior quarter. Filings were down 9% year-on-year and decrease 15% quarter-on-quarter. This compares to a 9% year-on-year decrease in patent grants and 15% decline in quarter-on-quarter.
Most patenting activity has been in the Packaging sector, where the number of patents filed Q4 2023 was 8239, a drop of 17% versus the previous quarter. The second-largest patent count was in Packaging Material (1015, down 22%) and then Packaging Automation and Control in third (726, down 18%).
The top five companies accounted for 6% of patenting activity
Analysis of patenting activity by companies shows that the largest number of patents filed over the last quarter was by Krones with 307, followed by Salzgitter with 83 and Procter & Gamble with 69.
Patenting activity was driven by China with a 37% share of total patent filings
The largest share of patent filings in the packaging industry in Q1 2024 was in China with 37%, followed by the US (13%) and Japan (10%). The share represented by China was 3% lower than the 41% share it accounted for in Q4 2023.
For further understanding of GlobalData's Packaging: Patents Trends Q1 2024, buy the databook 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 Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
