| Product Code: ETC12614773 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
In 2024, Latvia continued to see a significant concentration of label imports from neighboring countries such as Lithuania, Estonia, and Poland, as well as from the Netherlands and Denmark. Despite a moderate Compound Annual Growth Rate (CAGR) of 2.14% from 2020 to 2024, the market experienced a promising growth rate of 3.0% from 2023 to 2024. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting potential opportunities for further market competition and expansion in the label import industry in Latvia.

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 Label Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Label Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Label Market - Industry Life Cycle |
3.4 Latvia Label Market - Porter's Five Forces |
3.5 Latvia Label Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Label Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Latvia Label Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Latvia Label Market Revenues & Volume Share, By Printing Technology, 2021 & 2031F |
3.9 Latvia Label Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Latvia Label Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for sustainable and eco-friendly packaging solutions |
4.2.2 Increasing adoption of digital printing technology for labels |
4.2.3 Expansion of the food and beverage industry in Latvia |
4.3 Market Restraints |
4.3.1 Price competition among label manufacturers |
4.3.2 Regulatory challenges related to labeling requirements |
4.3.3 Economic uncertainty impacting consumer spending habits |
5 Latvia Label Market Trends |
6 Latvia Label Market, By Types |
6.1 Latvia Label Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Label Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Label Market Revenues & Volume, By Pressure-sensitive Labels, 2021 - 2031F |
6.1.4 Latvia Label Market Revenues & Volume, By Heat Transfer Labels, 2021 - 2031F |
6.1.5 Latvia Label Market Revenues & Volume, By In-mold Labels, 2021 - 2031F |
6.1.6 Latvia Label Market Revenues & Volume, By Shrink Sleeve Labels, 2021 - 2031F |
6.1.7 Latvia Label Market Revenues & Volume, By RFID Labels, 2021 - 2031F |
6.2 Latvia Label Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Latvia Label Market Revenues & Volume, By Paper, 2021 - 2031F |
6.2.3 Latvia Label Market Revenues & Volume, By Plastic, 2021 - 2031F |
6.2.4 Latvia Label Market Revenues & Volume, By Fabric, 2021 - 2031F |
6.2.5 Latvia Label Market Revenues & Volume, By Metal, 2021 - 2031F |
6.2.6 Latvia Label Market Revenues & Volume, By Glass, 2021 - 2031F |
6.3 Latvia Label Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Label Market Revenues & Volume, By Packaging, 2021 - 2031F |
6.3.3 Latvia Label Market Revenues & Volume, By Branding, 2021 - 2031F |
6.3.4 Latvia Label Market Revenues & Volume, By Product Identification, 2021 - 2031F |
6.3.5 Latvia Label Market Revenues & Volume, By Security, 2021 - 2031F |
6.3.6 Latvia Label Market Revenues & Volume, By Decorative, 2021 - 2031F |
6.4 Latvia Label Market, By Printing Technology |
6.4.1 Overview and Analysis |
6.4.2 Latvia Label Market Revenues & Volume, By Digital Printing, 2021 - 2031F |
6.4.3 Latvia Label Market Revenues & Volume, By Offset Printing, 2021 - 2031F |
6.4.4 Latvia Label Market Revenues & Volume, By Flexographic Printing, 2021 - 2031F |
6.4.5 Latvia Label Market Revenues & Volume, By Screen Printing, 2021 - 2031F |
6.4.6 Latvia Label Market Revenues & Volume, By Gravure Printing, 2021 - 2031F |
6.5 Latvia Label Market, By End-Use |
6.5.1 Overview and Analysis |
6.5.2 Latvia Label Market Revenues & Volume, By Food & Beverage, 2021 - 2031F |
6.5.3 Latvia Label Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.5.4 Latvia Label Market Revenues & Volume, By Cosmetics, 2021 - 2031F |
6.5.5 Latvia Label Market Revenues & Volume, By Electronics, 2021 - 2031F |
6.5.6 Latvia Label Market Revenues & Volume, By Logistics, 2021 - 2031F |
7 Latvia Label Market Import-Export Trade Statistics |
7.1 Latvia Label Market Export to Major Countries |
7.2 Latvia Label Market Imports from Major Countries |
8 Latvia Label Market Key Performance Indicators |
8.1 Adoption rate of eco-friendly labeling materials and practices |
8.2 Investment in digital printing technology by label manufacturers |
8.3 Growth in the number of new product launches in the food and beverage sector |
8.4 Customer satisfaction and retention rates for label suppliers |
8.5 Expansion of the e-commerce sector in Latvia and its impact on label market demand |
9 Latvia Label Market - Opportunity Assessment |
9.1 Latvia Label Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Label Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Latvia Label Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Latvia Label Market Opportunity Assessment, By Printing Technology, 2021 & 2031F |
9.5 Latvia Label Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Latvia Label Market - Competitive Landscape |
10.1 Latvia Label Market Revenue Share, By Companies, 2024 |
10.2 Latvia Label 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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