| Product Code: ETC5729409 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia saw a significant increase in the import shipments of packaging resins, with top exporting countries being Netherlands, Germany, Israel, China, and Sweden. The market concentration, as measured by the HHI, reached a very high level in 2024, indicating strong dominance by a few key players. The impressive compound annual growth rate (CAGR) of 7.56% from 2020 to 2024 demonstrates sustained expansion in the market. Furthermore, the remarkable growth rate of 18.41% from 2023 to 2024 highlights the accelerating pace of development in the packaging resins import sector 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 Resins Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Packaging Resins Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Packaging Resins Market - Industry Life Cycle |
3.4 Latvia Packaging Resins Market - Porter's Five Forces |
3.5 Latvia Packaging Resins Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Packaging Resins Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Packaging Resins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for eco-friendly and sustainable packaging solutions |
4.2.2 Growth in the food and beverage industry in Latvia |
4.2.3 Technological advancements in packaging resin manufacturing |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Stringent regulations on plastic usage and recycling |
4.3.3 Competition from alternative packaging materials like paper and bio-based plastics |
5 Latvia Packaging Resins Market Trends |
6 Latvia Packaging Resins Market Segmentations |
6.1 Latvia Packaging Resins Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Packaging Resins Market Revenues & Volume, By LDPE, 2021-2031F |
6.1.3 Latvia Packaging Resins Market Revenues & Volume, By PP, 2021-2031F |
6.1.4 Latvia Packaging Resins Market Revenues & Volume, By HDPE, 2021-2031F |
6.1.5 Latvia Packaging Resins Market Revenues & Volume, By PET, 2021-2031F |
6.1.6 Latvia Packaging Resins Market Revenues & Volume, By PS, 2021-2031F |
6.1.7 Latvia Packaging Resins Market Revenues & Volume, By PVC, 2021-2031F |
6.2 Latvia Packaging Resins Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Packaging Resins Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.2.3 Latvia Packaging Resins Market Revenues & Volume, By Consumer Goods, 2021-2031F |
6.2.4 Latvia Packaging Resins Market Revenues & Volume, By Healthcare, 2021-2031F |
6.2.5 Latvia Packaging Resins Market Revenues & Volume, By Industrial, 2021-2031F |
7 Latvia Packaging Resins Market Import-Export Trade Statistics |
7.1 Latvia Packaging Resins Market Export to Major Countries |
7.2 Latvia Packaging Resins Market Imports from Major Countries |
8 Latvia Packaging Resins Market Key Performance Indicators |
8.1 Adoption rate of recyclable packaging resins in Latvia |
8.2 Investment in research and development for eco-friendly packaging solutions |
8.3 Percentage of packaging resin manufacturers in Latvia using advanced manufacturing technologies |
9 Latvia Packaging Resins Market - Opportunity Assessment |
9.1 Latvia Packaging Resins Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Packaging Resins Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Packaging Resins Market - Competitive Landscape |
10.1 Latvia Packaging Resins Market Revenue Share, By Companies, 2024 |
10.2 Latvia Packaging Resins 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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