Mentions of cloud increased by a CAGR of 49% in the packaging industry since 2020 

The global packaging industry experienced a 49% rise in compound annual growth rate (CAGR) in company filings mentions of cloud since 2020. Key companies in terms of mentions include Future FinTech Group, Jiu Rong, and Haier Smart Home, according to GlobalData’s analysis of over 340 packaging company filings.  

Notably, since 2020, cloud was among the five most referenced technology themes in terms of mentions, ahead of digitalisation, big data, and Internet of Things, according to GlobalData's Company Filings database. Mentions related to cloud increased by 2% year-on-year in 2021 and by 16% year-on-year in 2022.  

Of the 50 leading companies in the packaging industry, Essentra had the highest year-on-year increase in references to cloud in 2022. GlobalData identified 56 cloud-related sentences in the company's filings in 2022, 4% of all sentences. Meanwhile, Sanford had the highest year-on-year increase in references for cloud in 2021. GlobalData identified 18 cloud related sentences in the company's filings in 2021, 2% of all sentences.

GlobalData’s Company Filings Analytics also applies a sentiment weight to reference sentences, based on how positive the sentiment has turned. Sentiment score is based on the level of positivity on a scale of 0 to 1. The average sentiment score for cloud in 2022 was 0.82, which was more positive compared to the average industry sentiment of 0.62.

GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article. 

Global Data’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.