The global consumer industry experienced a 16% decline in the number of social responsibility-related patent applications in Q3 2023 compared with the previous quarter. The total number of social responsibility-related grants dropped by 11% in Q3 2023, according to GlobalDataâ€™s Patent Analytics. GlobalData’s databook Consumer: Patents Trends Q3 2023 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
Notably, the number of social responsibility-related patent applications in the consumer industry was 170 in Q3 2023, versus 202 in the prior quarter.
The top five companies accounted for 48% of patenting activity
Analysis of patenting activity by companies shows that NIKE filed the most social responsibility patents within the consumer industry in Q3 2023. The company filed 66 social responsibility-related patents in the quarter, compared with 56 in the previous quarter. It was followed by Techtronic Industries with 7 social responsibility patent filings, Daikin Industries (3 filings), and Rheon Labs (3 filings) in Q3 2023.
Patenting activity was driven by the US with a 34% share of total patent filings
The largest share of social responsibility related patent filings in the consumer industry in Q3 2023 was in the US with 34%, followed by China (13%) and Japan (9%). The share represented by the US was 6% higher than the 28% share it accounted for in Q2 2023.
For further understanding of GlobalData's Consumer: Patents Trends Q3 2023, buy the databook here.