| Product Code: ETC7904576 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continues to see a diverse range of countries exporting latex application tapes, with top suppliers being Germany, Italy, Lithuania, Poland, and China. The market remains competitive with low concentration as indicated by the Herfindahl-Hirschman Index (HHI). However, there has been a concerning decline in both the Compound Annual Growth Rate (CAGR) from 2020 to 2024 at -7.89% and the growth rate from 2023 to 2024 at -17.31%. This suggests a challenging environment for the import shipments of latex application tapes into Latvia, warranting a closer examination of market dynamics and potential strategies for growth.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latvia Application Tapes Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Application Tapes Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Application Tapes Market - Industry Life Cycle |
3.4 Latvia Application Tapes Market - Porter's Five Forces |
3.5 Latvia Application Tapes Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Application Tapes Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.7 Latvia Application Tapes Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Latvia Application Tapes Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Latvia Application Tapes Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for packaging solutions in various industries |
4.2.2 Increasing adoption of application tapes in the automotive sector |
4.2.3 Rising focus on sustainable and eco-friendly packaging materials |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Intense competition from alternative packaging solutions |
4.3.3 Regulatory challenges related to environmental standards and product safety |
5 Latvia Application Tapes Market Trends |
6 Latvia Application Tapes Market, By Types |
6.1 Latvia Application Tapes Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Application Tapes Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Latvia Application Tapes Market Revenues & Volume, By Low Tack, 2021- 2031F |
6.1.4 Latvia Application Tapes Market Revenues & Volume, By Medium Tack, 2021- 2031F |
6.1.5 Latvia Application Tapes Market Revenues & Volume, By High Tack, 2021- 2031F |
6.2 Latvia Application Tapes Market, By Material Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Application Tapes Market Revenues & Volume, By Plastic and Paper, 2021- 2031F |
6.2.3 Latvia Application Tapes Market Revenues & Volume, By Adhesive Type, 2021- 2031F |
6.2.4 Latvia Application Tapes Market Revenues & Volume, By Rubber Based, 2021- 2031F |
6.2.5 Latvia Application Tapes Market Revenues & Volume, By Acrylic Based, 2021- 2031F |
6.2.6 Latvia Application Tapes Market Revenues & Volume, By Hot Melt Adhesive, 2021- 2031F |
6.3 Latvia Application Tapes Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Application Tapes Market Revenues & Volume, By General Purpose Sign Applications, 2021- 2031F |
6.3.3 Latvia Application Tapes Market Revenues & Volume, By Printing, 2021- 2031F |
6.3.4 Latvia Application Tapes Market Revenues & Volume, By Other, 2021- 2031F |
6.4 Latvia Application Tapes Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Latvia Application Tapes Market Revenues & Volume, By Shipping & Logistics, 2021- 2031F |
6.4.3 Latvia Application Tapes Market Revenues & Volume, By Building & Construction, 2021- 2031F |
6.4.4 Latvia Application Tapes Market Revenues & Volume, By Electricals & Electronics, 2021- 2031F |
6.4.5 Latvia Application Tapes Market Revenues & Volume, By Automotive, 2021- 2031F |
6.4.6 Latvia Application Tapes Market Revenues & Volume, By Other, 2021- 2031F |
7 Latvia Application Tapes Market Import-Export Trade Statistics |
7.1 Latvia Application Tapes Market Export to Major Countries |
7.2 Latvia Application Tapes Market Imports from Major Countries |
8 Latvia Application Tapes Market Key Performance Indicators |
8.1 Adoption rate of application tapes in key industries |
8.2 Innovation and development of eco-friendly application tape solutions |
8.3 Market penetration in emerging sectors such as e-commerce and electronics industries |
8.4 Customer satisfaction and retention rates |
8.5 Efficiency and effectiveness of distribution channels |
9 Latvia Application Tapes Market - Opportunity Assessment |
9.1 Latvia Application Tapes Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Application Tapes Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.3 Latvia Application Tapes Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Latvia Application Tapes Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Latvia Application Tapes Market - Competitive Landscape |
10.1 Latvia Application Tapes Market Revenue Share, By Companies, 2024 |
10.2 Latvia Application Tapes Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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