| Product Code: ETC5063231 | 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 saw a steady increase in packaging materials import shipments, with top exporters being Lithuania, Poland, Estonia, Germany, and Denmark. The market displayed moderate concentration levels with a Herfindahl-Hirschman Index (HHI) indicating healthy competition. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a robust 6.37%, demonstrating sustained market expansion. Additionally, the growth rate from 2023 to 2024 was recorded at 0.83%, indicating a positive trajectory for the packaging materials import market 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 Packaging Materials Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Packaging Materials Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Packaging Materials Market - Industry Life Cycle |
3.4 Latvia Packaging Materials Market - Porter's Five Forces |
3.5 Latvia Packaging Materials Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Packaging Materials Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Packaging Materials Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for sustainable packaging solutions |
4.2.2 Growth in e-commerce sector leading to higher demand for packaging materials |
4.2.3 Technological advancements driving innovation in packaging materials |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Stringent regulations regarding packaging waste and recycling |
4.3.3 Intense competition among packaging material manufacturers |
5 Latvia Packaging Materials Market Trends |
6 Latvia Packaging Materials Market Segmentations |
6.1 Latvia Packaging Materials Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Packaging Materials Market Revenues & Volume, By Paper and Cardboard, 2021-2031F |
6.1.3 Latvia Packaging Materials Market Revenues & Volume, By Rigid Plastic, 2021-2031F |
6.1.4 Latvia Packaging Materials Market Revenues & Volume, By Metal, 2021-2031F |
6.1.5 Latvia Packaging Materials Market Revenues & Volume, By Flexible Plastic, 2021-2031F |
6.1.6 Latvia Packaging Materials Market Revenues & Volume, By Glass, 2021-2031F |
6.1.7 Latvia Packaging Materials Market Revenues & Volume, By Wood, 2021-2031F |
6.1.9 Latvia Packaging Materials Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 Latvia Packaging Materials Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Packaging Materials Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Packaging Materials Market Revenues & Volume, By Food, 2021-2031F |
6.2.3 Latvia Packaging Materials Market Revenues & Volume, By Beverage, 2021-2031F |
6.2.4 Latvia Packaging Materials Market Revenues & Volume, By Healthcare, 2021-2031F |
6.2.5 Latvia Packaging Materials Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.2.6 Latvia Packaging Materials Market Revenues & Volume, By Household Products, 2021-2031F |
6.2.7 Latvia Packaging Materials Market Revenues & Volume, By Chemicals, 2021-2031F |
7 Latvia Packaging Materials Market Import-Export Trade Statistics |
7.1 Latvia Packaging Materials Market Export to Major Countries |
7.2 Latvia Packaging Materials Market Imports from Major Countries |
8 Latvia Packaging Materials Market Key Performance Indicators |
8.1 Percentage of packaging materials made from recycled content |
8.2 Adoption rate of eco-friendly packaging solutions |
8.3 Investment in research and development for new packaging materials |
8.4 Rate of innovation in the packaging industry |
8.5 Customer satisfaction with packaging materials sustainability |
9 Latvia Packaging Materials Market - Opportunity Assessment |
9.1 Latvia Packaging Materials Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Packaging Materials Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Packaging Materials Market - Competitive Landscape |
10.1 Latvia Packaging Materials Market Revenue Share, By Companies, 2024 |
10.2 Latvia Packaging Materials 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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