| Product Code: ETC5199556 | 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 |
In 2024, Latvia`s molded plastics import market continued to attract shipments mainly from Germany, Lithuania, South Korea, Poland, and Belgium. Despite moderate concentration levels indicated by the Herfindahl-Hirschman Index (HHI), the market experienced a slight decline in CAGR from 2020-24 at -0.8%. However, there was a notable growth rate of 12.15% from 2023-24, suggesting a potential uptick in demand for molded plastics in Latvia. The diverse range of exporting countries indicates a robust supply chain supporting the market`s continued growth and competitiveness.

The Molded Plastics market in Latvia is projected to grow at a stable growth rate of 4.06% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.

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 Molded Plastics Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Molded Plastics Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Molded Plastics Market - Industry Life Cycle |
3.4 Latvia Molded Plastics Market - Porter's Five Forces |
3.5 Latvia Molded Plastics Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Molded Plastics Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Molded Plastics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and durable plastic products in various industries |
4.2.2 Technological advancements leading to improved manufacturing processes and product quality |
4.2.3 Growing focus on sustainability and eco-friendly materials driving the demand for biodegradable plastics |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Intense competition from substitute materials like glass, metal, and paper |
4.3.3 Stringent regulations and policies related to plastic usage and waste management |
5 Latvia Molded Plastics Market Trends |
6 Latvia Molded Plastics Market Segmentations |
6.1 Latvia Molded Plastics Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Molded Plastics Market Revenues & Volume, By Polyethylene, 2021-2031F |
6.1.3 Latvia Molded Plastics Market Revenues & Volume, By Polypropylene, 2021-2031F |
6.1.4 Latvia Molded Plastics Market Revenues & Volume, By Polyvinyl Chloride, 2021-2031F |
6.1.5 Latvia Molded Plastics Market Revenues & Volume, By Polyethylene Terephthalate, 2021-2031F |
6.1.6 Latvia Molded Plastics Market Revenues & Volume, By Polystyrene, 2021-2031F |
6.1.7 Latvia Molded Plastics Market Revenues & Volume, By Polyurethane, 2021-2031F |
6.2 Latvia Molded Plastics Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Molded Plastics Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.3 Latvia Molded Plastics Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.2.4 Latvia Molded Plastics Market Revenues & Volume, By Construction & Infrastructure, 2021-2031F |
6.2.5 Latvia Molded Plastics Market Revenues & Volume, By Agriculture, 2021-2031F |
6.2.6 Latvia Molded Plastics Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.2.7 Latvia Molded Plastics Market Revenues & Volume, By Electronics & Electrical, 2021-2031F |
7 Latvia Molded Plastics Market Import-Export Trade Statistics |
7.1 Latvia Molded Plastics Market Export to Major Countries |
7.2 Latvia Molded Plastics Market Imports from Major Countries |
8 Latvia Molded Plastics Market Key Performance Indicators |
8.1 Percentage of recycled materials used in production |
8.2 Energy efficiency improvements in manufacturing processes |
8.3 Adoption rate of biodegradable plastics in the market |
9 Latvia Molded Plastics Market - Opportunity Assessment |
9.1 Latvia Molded Plastics Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Molded Plastics Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Molded Plastics Market - Competitive Landscape |
10.1 Latvia Molded Plastics Market Revenue Share, By Companies, 2024 |
10.2 Latvia Molded Plastics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |