| Product Code: ETC5304094 | 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 |
The plastic bottles import market in Latvia continued to show strong growth in 2024, with top exporting countries being Lithuania, Poland, UK, China, and Germany. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained high, indicating a competitive landscape. The compound annual growth rate (CAGR) from 2020 to 2024 stood at 3.37%, with a notable growth rate of 6.97% in 2024 compared to the previous year. This data suggests a steady increase in demand for plastic bottles in Latvia, driven by imports from key trading partners.

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 Plastic Bottles Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Plastic Bottles Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Plastic Bottles Market - Industry Life Cycle |
3.4 Latvia Plastic Bottles Market - Porter's Five Forces |
3.5 Latvia Plastic Bottles Market Revenues & Volume Share, By Raw Material Type, 2021 & 2031F |
3.6 Latvia Plastic Bottles Market Revenues & Volume Share, By End-user, 2021 & 2031F |
4 Latvia Plastic Bottles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for packaged goods and beverages in Latvia |
4.2.2 Growing awareness about environmental sustainability and the need for recyclable packaging |
4.2.3 Technological advancements in plastic bottle manufacturing processes |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting manufacturing costs |
4.3.2 Stringent environmental regulations and policies regarding plastic usage |
4.3.3 Competition from alternative packaging materials like glass, metal, and biodegradable options |
5 Latvia Plastic Bottles Market Trends |
6 Latvia Plastic Bottles Market Segmentations |
6.1 Latvia Plastic Bottles Market, By Raw Material Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Plastic Bottles Market Revenues & Volume, By Polyethylene Terephthalate (PET), 2021-2031F |
6.1.3 Latvia Plastic Bottles Market Revenues & Volume, By Poly Propylene (PP), 2021-2031F |
6.1.4 Latvia Plastic Bottles Market Revenues & Volume, By Low-density Polyethylene (LDPE), 2021-2031F |
6.1.5 Latvia Plastic Bottles Market Revenues & Volume, By High-density Polyethylene (HDPE), 2021-2031F |
6.1.6 Latvia Plastic Bottles Market Revenues & Volume, By Other Raw Materials, 2021-2031F |
6.2 Latvia Plastic Bottles Market, By End-user |
6.2.1 Overview and Analysis |
6.2.2 Latvia Plastic Bottles Market Revenues & Volume, By Beverage, 2021-2031F |
6.2.3 Latvia Plastic Bottles Market Revenues & Volume, By Food, 2021-2031F |
6.2.4 Latvia Plastic Bottles Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.2.5 Latvia Plastic Bottles Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.2.6 Latvia Plastic Bottles Market Revenues & Volume, By Household Care, 2021-2031F |
6.2.7 Latvia Plastic Bottles Market Revenues & Volume, By Other, 2021-2031F |
7 Latvia Plastic Bottles Market Import-Export Trade Statistics |
7.1 Latvia Plastic Bottles Market Export to Major Countries |
7.2 Latvia Plastic Bottles Market Imports from Major Countries |
8 Latvia Plastic Bottles Market Key Performance Indicators |
8.1 Percentage of plastic bottles recycled in Latvia |
8.2 Adoption rate of eco-friendly packaging solutions in the market |
8.3 Investment in research and development for sustainable plastic bottle technologies |
9 Latvia Plastic Bottles Market - Opportunity Assessment |
9.1 Latvia Plastic Bottles Market Opportunity Assessment, By Raw Material Type, 2021 & 2031F |
9.2 Latvia Plastic Bottles Market Opportunity Assessment, By End-user, 2021 & 2031F |
10 Latvia Plastic Bottles Market - Competitive Landscape |
10.1 Latvia Plastic Bottles Market Revenue Share, By Companies, 2024 |
10.2 Latvia Plastic Bottles 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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