Latvia Biodegradable Plastics Market (2025-2031) | Forecast, Trends, Companies, Growth, Value, Share, Size, Analysis, Industry, Outlook, Segmentation & Revenue

Name: Latvia Biodegradable Plastics Market (2025-2031) | Share & Trends
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Biodegradable Plastics Market, Latvia Biodegradable Plastics Market, Latvia Biodegradable Plastics Market Revenues, Latvia Biodegradable Plastics Market Share, Latvia Biodegradable Plastics Market Size, Latvia Biodegradable Plastics Market Outlook, Latvia Biodegradable Plastics Market Report, Latvia Biodegradable Plastics Market Competition, Latvia Biodegradable Plastics Market Overview, Latvia Biodegradable Plastics Market Trends, Latvia Biodegradable Plastics Market Forecast

Market Forecast By Type (PLA, Starch Blends, PHA, Biodegradable Polyesters, Others), By End-Use (Packaging, Consumer Goods, Textiles, Agriculture & Horticulture) And Competitive Landscape

Product Code: ETC5248899	Publication Date: Nov 2023	Updated Date: Nov 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Shubham Padhi	No. of Pages: 60	No. of Figures: 30	No. of Tables: 5

Latvia Biodegradable Plastics Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Latvia`s import shipments of biodegradable plastics in 2024 were mainly sourced from Thailand, Lithuania, Estonia, Finland, and Poland. Despite a negative Compound Annual Growth Rate (CAGR) from 2020 to 2024, the industry showed a promising growth rate of 16.05% in 2024. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained at a moderate level, indicating a competitive landscape among the top exporting countries. This data suggests a dynamic market for biodegradable plastics in Latvia, with opportunities for further growth and development in the coming years.

Latvia Biodegradable Plastics Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

Latvia Biodegradable Plastics Market Outlook
Market Size of Latvia Biodegradable Plastics Market, 2024
Forecast of Latvia Biodegradable Plastics Market, 2031
Historical Data and Forecast of Latvia Biodegradable Plastics Revenues & Volume for the Period 2021-2031
Latvia Biodegradable Plastics Market Trend Evolution
Latvia Biodegradable Plastics Market Drivers and Challenges
Latvia Biodegradable Plastics Price Trends
Latvia Biodegradable Plastics Porter`s Five Forces
Latvia Biodegradable Plastics Industry Life Cycle
Historical Data and Forecast of Latvia Biodegradable Plastics Market Revenues & Volume By Type for the Period 2021-2031
Historical Data and Forecast of Latvia Biodegradable Plastics Market Revenues & Volume By PLA for the Period 2021-2031
Historical Data and Forecast of Latvia Biodegradable Plastics Market Revenues & Volume By Starch Blends for the Period 2021-2031
Historical Data and Forecast of Latvia Biodegradable Plastics Market Revenues & Volume By PHA for the Period 2021-2031
Historical Data and Forecast of Latvia Biodegradable Plastics Market Revenues & Volume By Biodegradable Polyesters for the Period 2021-2031
Historical Data and Forecast of Latvia Biodegradable Plastics Market Revenues & Volume By Others for the Period 2021-2031
Historical Data and Forecast of Latvia Biodegradable Plastics Market Revenues & Volume By End-Use for the Period 2021-2031
Historical Data and Forecast of Latvia Biodegradable Plastics Market Revenues & Volume By Packaging for the Period 2021-2031
Historical Data and Forecast of Latvia Biodegradable Plastics Market Revenues & Volume By Consumer Goods for the Period 2021-2031
Historical Data and Forecast of Latvia Biodegradable Plastics Market Revenues & Volume By Textiles for the Period 2021-2031
Historical Data and Forecast of Latvia Biodegradable Plastics Market Revenues & Volume By Agriculture & Horticulture for the Period 2021-2031
Latvia Biodegradable Plastics Import Export Trade Statistics
Market Opportunity Assessment By Type
Market Opportunity Assessment By End-Use
Latvia Biodegradable Plastics Top Companies Market Share
Latvia Biodegradable Plastics Competitive Benchmarking By Technical and Operational Parameters
Latvia Biodegradable Plastics Company Profiles
Latvia Biodegradable Plastics Key Strategic Recommendations

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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 Biodegradable Plastics Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Biodegradable Plastics Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Biodegradable Plastics Market - Industry Life Cycle

3.4 Latvia Biodegradable Plastics Market - Porter's Five Forces

3.5 Latvia Biodegradable Plastics Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 Latvia Biodegradable Plastics Market Revenues & Volume Share, By End-Use, 2021 & 2031F

4 Latvia Biodegradable Plastics Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing consumer awareness about environmental issues and the benefits of biodegradable plastics

4.2.2 Government regulations promoting the use of biodegradable plastics and setting targets for reducing plastic waste

4.2.3 Growing demand for sustainable packaging solutions in various industries

4.3 Market Restraints

4.3.1 Higher production costs of biodegradable plastics compared to traditional plastics

4.3.2 Limited availability of raw materials for biodegradable plastics production

4.3.3 Lack of standardized regulations and certifications for biodegradable plastics in the market

5 Latvia Biodegradable Plastics Market Trends

6 Latvia Biodegradable Plastics Market Segmentations

6.1 Latvia Biodegradable Plastics Market, By Type

6.1.1 Overview and Analysis

6.1.2 Latvia Biodegradable Plastics Market Revenues & Volume, By PLA, 2021-2031F

6.1.3 Latvia Biodegradable Plastics Market Revenues & Volume, By Starch Blends, 2021-2031F

6.1.4 Latvia Biodegradable Plastics Market Revenues & Volume, By PHA, 2021-2031F

6.1.5 Latvia Biodegradable Plastics Market Revenues & Volume, By Biodegradable Polyesters, 2021-2031F

6.1.6 Latvia Biodegradable Plastics Market Revenues & Volume, By Others, 2021-2031F

6.2 Latvia Biodegradable Plastics Market, By End-Use

6.2.1 Overview and Analysis

6.2.2 Latvia Biodegradable Plastics Market Revenues & Volume, By Packaging, 2021-2031F

6.2.3 Latvia Biodegradable Plastics Market Revenues & Volume, By Consumer Goods, 2021-2031F

6.2.4 Latvia Biodegradable Plastics Market Revenues & Volume, By Textiles, 2021-2031F

6.2.5 Latvia Biodegradable Plastics Market Revenues & Volume, By Agriculture & Horticulture, 2021-2031F

7 Latvia Biodegradable Plastics Market Import-Export Trade Statistics

7.1 Latvia Biodegradable Plastics Market Export to Major Countries

7.2 Latvia Biodegradable Plastics Market Imports from Major Countries

8 Latvia Biodegradable Plastics Market Key Performance Indicators

8.1 Percentage increase in the adoption of biodegradable plastics by major industries in Latvia

8.2 Growth in the number of biodegradable plastics manufacturing facilities in Latvia

8.3 Improvement in the efficiency of biodegradable plastics production processes

8.4 Increase in the number of research and development initiatives focused on biodegradable plastics in Latvia

9 Latvia Biodegradable Plastics Market - Opportunity Assessment

9.1 Latvia Biodegradable Plastics Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 Latvia Biodegradable Plastics Market Opportunity Assessment, By End-Use, 2021 & 2031F

10 Latvia Biodegradable Plastics Market - Competitive Landscape

10.1 Latvia Biodegradable Plastics Market Revenue Share, By Companies, 2024

10.2 Latvia Biodegradable Plastics Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

Africa Biodegradable Plastics Market

Asia Pacific Biodegradable Plastics Market

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Export potential assessment - trade Analytics for 2030

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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