R&D Spending Showdown: Avery Dennison Corporation vs Graco Inc.

R&D Spending Trends: Avery Dennison vs. Graco Inc.

In the competitive landscape of industrial innovation, research and development (R&D) spending is a key indicator of a company's commitment to future growth. Avery Dennison Corporation and Graco Inc., two giants in their respective fields, have shown distinct trends in their R&D investments over the past decade. From 2014 to 2023, Avery Dennison's R&D expenses grew by approximately 32%, peaking in 2021 with a notable increase of 21% from the previous year. Meanwhile, Graco Inc. demonstrated a steady upward trajectory, with a 61% increase in R&D spending over the same period, reaching its highest in 2024. This consistent investment underscores Graco's strategic focus on innovation. Interestingly, Avery Dennison's data for 2024 is missing, leaving a gap in the analysis. As these companies continue to innovate, their R&D spending will be a critical factor in maintaining their competitive edge.