| Product Code: ETC7905915 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia saw a steady increase in battery packaging material imports, with top exporters being Poland, Lithuania, Estonia, Germany, and Denmark. The market showed a shift from moderate to low concentration, indicating a more diversified import landscape. The compound annual growth rate (CAGR) from 2020 to 2024 was strong at 7.11%, with a healthy growth rate of 4.04% from 2023 to 2024. This data suggests a growing demand for battery packaging materials in Latvia and a positive outlook for the market in the coming years.

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 Battery Packaging Material Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Battery Packaging Material Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Battery Packaging Material Market - Industry Life Cycle |
3.4 Latvia Battery Packaging Material Market - Porter's Five Forces |
3.5 Latvia Battery Packaging Material Market Revenues & Volume Share, By Battery Type, 2021 & 2031F |
3.6 Latvia Battery Packaging Material Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.7 Latvia Battery Packaging Material Market Revenues & Volume Share, By Packaging Type, 2021 & 2031F |
4 Latvia Battery Packaging Material Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for battery-powered devices and electric vehicles |
4.2.2 Growing emphasis on sustainable packaging solutions in the battery industry |
4.2.3 Technological advancements leading to the development of innovative packaging materials for batteries |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in battery packaging |
4.3.2 Stringent regulations related to the disposal and recycling of battery packaging materials |
4.3.3 Competition from alternative packaging solutions such as biodegradable materials |
5 Latvia Battery Packaging Material Market Trends |
6 Latvia Battery Packaging Material Market, By Types |
6.1 Latvia Battery Packaging Material Market, By Battery Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Battery Packaging Material Market Revenues & Volume, By Battery Type, 2021- 2031F |
6.1.3 Latvia Battery Packaging Material Market Revenues & Volume, By Lithium Ion, 2021- 2031F |
6.1.4 Latvia Battery Packaging Material Market Revenues & Volume, By Lead Acid, 2021- 2031F |
6.1.5 Latvia Battery Packaging Material Market Revenues & Volume, By Nickel Cadmium, 2021- 2031F |
6.1.6 Latvia Battery Packaging Material Market Revenues & Volume, By Nickel Metal Hydride, 2021- 2031F |
6.2 Latvia Battery Packaging Material Market, By Material Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Battery Packaging Material Market Revenues & Volume, By Cardboard, 2021- 2031F |
6.2.3 Latvia Battery Packaging Material Market Revenues & Volume, By Wood, 2021- 2031F |
6.2.4 Latvia Battery Packaging Material Market Revenues & Volume, By Foam, 2021- 2031F |
6.2.5 Latvia Battery Packaging Material Market Revenues & Volume, By Plastics, 2021- 2031F |
6.3 Latvia Battery Packaging Material Market, By Packaging Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Battery Packaging Material Market Revenues & Volume, By Corrugated, 2021- 2031F |
6.3.3 Latvia Battery Packaging Material Market Revenues & Volume, By Wooden Boxes, 2021- 2031F |
6.3.4 Latvia Battery Packaging Material Market Revenues & Volume, By Plastic Cases, 2021- 2031F |
7 Latvia Battery Packaging Material Market Import-Export Trade Statistics |
7.1 Latvia Battery Packaging Material Market Export to Major Countries |
7.2 Latvia Battery Packaging Material Market Imports from Major Countries |
8 Latvia Battery Packaging Material Market Key Performance Indicators |
8.1 Carbon footprint reduction achieved through the use of eco-friendly battery packaging materials |
8.2 Adoption rate of recyclable packaging materials in the battery industry |
8.3 Percentage of RD budget allocated to the development of new battery packaging solutions |
8.4 Customer satisfaction levels with the durability and protection provided by the packaging materials |
9 Latvia Battery Packaging Material Market - Opportunity Assessment |
9.1 Latvia Battery Packaging Material Market Opportunity Assessment, By Battery Type, 2021 & 2031F |
9.2 Latvia Battery Packaging Material Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.3 Latvia Battery Packaging Material Market Opportunity Assessment, By Packaging Type, 2021 & 2031F |
10 Latvia Battery Packaging Material Market - Competitive Landscape |
10.1 Latvia Battery Packaging Material Market Revenue Share, By Companies, 2024 |
10.2 Latvia Battery Packaging Material 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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