The global packaging industry experienced a 48% drop in company filings mentions of environmental sustainability in Q1 2024 compared with the previous quarter, with the highest share accounted for by UPM-Kymmene with 6% year-on-year increase, according to GlobalData’s analysis of over 475 packaging company filings. GlobalData’s Packaging: Filings Trends & Signals Q1 2024 report delves into earnings call transcripts and quarterly reports within the packaging industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
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Notably, environmental sustainability was one of the most frequently referenced themes in Q1 2024, ranking highest in terms of mentions, ahead of sensory & indulgence and edtech, according to GlobalData.
Of the top leading companies in the packaging industry, UPM-Kymmene had the greatest increase in references for environmental sustainability in Q1 2024, compared with the previous quarter. GlobalData identified 694 environmental sustainability-related sentences in the company's filings - 14% of all sentences - and an increase of 6% in Q1 2024 compared with Q1 2023. Svenska Cellulosa Aktiebolaget’s mentions of environmental sustainability rose by 1090% to 595 and Stora Enso’s by 18% to 559 and Smurfit Kappa Group’s by 59% to 391 and International Paper’s by 6% to 89.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for environmental sustainability in Q1 2024 was 97.
For further understanding of GlobalData's Packaging: Filings Trends & Signals Q1 2024, 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 Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
