In value terms, M&A activity decreased by 100% in Q1 2024 compared with the previous quarter’s total of $1.9bn and fell by 95% as compared to Q1 2023. Related deal volume decreased by 67% in Q1 2024 versus the previous quarter and was 77% lower than in Q1 2023.

Notably, digitalization-related deals accounted for a 40% share of the global packaging industry’s M&A activity in Q1 2024, registering a flat growth over the previous quarter.

For further understanding of GlobalData's Packaging Industry M&A Deals by Top Themes in Q1 2024 – Thematic Intelligence, 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 Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.