| Product Code: ETC7918914 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to see significant plastic wrap import shipments, with top exporting countries being Poland, Lithuania, Germany, Sweden, and Italy. Despite a slight decline in growth rate from 2023 to 2024, the Compound Annual Growth Rate (CAGR) for the period 2020-2024 remained strong at 6.34%. The high Herfindahl-Hirschman Index (HHI) indicates a concentration of market share among key players, highlighting the competitive landscape. The ongoing import activity and stable growth trends suggest a continued demand for plastic wrap products 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 Plastic Wrap Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Plastic Wrap Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Plastic Wrap Market - Industry Life Cycle |
3.4 Latvia Plastic Wrap Market - Porter's Five Forces |
3.5 Latvia Plastic Wrap Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Plastic Wrap Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Latvia Plastic Wrap Market Revenues & Volume Share, By Feature, 2021 & 2031F |
3.8 Latvia Plastic Wrap Market Revenues & Volume Share, By Processing Type, 2021 & 2031F |
3.9 Latvia Plastic Wrap Market Revenues & Volume Share, By Transparency, 2021 & 2031F |
3.10 Latvia Plastic Wrap Market Revenues & Volume Share, By End-User, 2021 & 2031F |
3.11 Latvia Plastic Wrap Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Plastic Wrap Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for convenient and sustainable packaging solutions |
4.2.2 Growing awareness about food safety and hygiene |
4.2.3 Rise in online food delivery services and meal kit subscriptions |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials such as plastic resins |
4.3.2 Stringent regulations on plastic usage and recycling |
4.3.3 Competition from alternative packaging materials like biodegradable wraps |
5 Latvia Plastic Wrap Market Trends |
6 Latvia Plastic Wrap Market, By Types |
6.1 Latvia Plastic Wrap Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Plastic Wrap Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Plastic Wrap Market Revenues & Volume, By Stretch Films, 2021- 2031F |
6.1.4 Latvia Plastic Wrap Market Revenues & Volume, By Shrink Films, 2021- 2031F |
6.1.5 Latvia Plastic Wrap Market Revenues & Volume, By Metallized Films, 2021- 2031F |
6.1.6 Latvia Plastic Wrap Market Revenues & Volume, By Twist Film, 2021- 2031F |
6.1.7 Latvia Plastic Wrap Market Revenues & Volume, By Release Film, 2021- 2031F |
6.1.8 Latvia Plastic Wrap Market Revenues & Volume, By Twist Rope, 2021- 2031F |
6.2 Latvia Plastic Wrap Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Latvia Plastic Wrap Market Revenues & Volume, By Polypropylene (PP), 2021- 2031F |
6.2.3 Latvia Plastic Wrap Market Revenues & Volume, By Polyethylene (PE), 2021- 2031F |
6.2.4 Latvia Plastic Wrap Market Revenues & Volume, By Polyvinyl Chloride (PVC), 2021- 2031F |
6.2.5 Latvia Plastic Wrap Market Revenues & Volume, By Polyethylene Terephthalate (PET), 2021- 2031F |
6.2.6 Latvia Plastic Wrap Market Revenues & Volume, By Ethylene Vinyl Alcohol Copolymer (EVOH), 2021- 2031F |
6.2.7 Latvia Plastic Wrap Market Revenues & Volume, By Ethylene-Vinyl Acetate (EVA), 2021- 2031F |
6.2.8 Latvia Plastic Wrap Market Revenues & Volume, By Others, 2021- 2031F |
6.2.9 Latvia Plastic Wrap Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Latvia Plastic Wrap Market, By Feature |
6.3.1 Overview and Analysis |
6.3.2 Latvia Plastic Wrap Market Revenues & Volume, By Moisture Proof, 2021- 2031F |
6.3.3 Latvia Plastic Wrap Market Revenues & Volume, By Water Soluble, 2021- 2031F |
6.4 Latvia Plastic Wrap Market, By Processing Type |
6.4.1 Overview and Analysis |
6.4.2 Latvia Plastic Wrap Market Revenues & Volume, By Casting, 2021- 2031F |
6.4.3 Latvia Plastic Wrap Market Revenues & Volume, By Multiple Extrusion, 2021- 2031F |
6.4.4 Latvia Plastic Wrap Market Revenues & Volume, By Blow Molding, 2021- 2031F |
6.4.5 Latvia Plastic Wrap Market Revenues & Volume, By Injection Molding, 2021- 2031F |
6.5 Latvia Plastic Wrap Market, By Transparency |
6.5.1 Overview and Analysis |
6.5.2 Latvia Plastic Wrap Market Revenues & Volume, By Transparent, 2021- 2031F |
6.5.3 Latvia Plastic Wrap Market Revenues & Volume, By Translucent, 2021- 2031F |
6.5.4 Latvia Plastic Wrap Market Revenues & Volume, By Opaque, 2021- 2031F |
6.6 Latvia Plastic Wrap Market, By End-User |
6.6.1 Overview and Analysis |
6.6.2 Latvia Plastic Wrap Market Revenues & Volume, By Food and Beverages, 2021- 2031F |
6.6.3 Latvia Plastic Wrap Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
6.6.4 Latvia Plastic Wrap Market Revenues & Volume, By Personal Care and Cosmetics, 2021- 2031F |
6.6.5 Latvia Plastic Wrap Market Revenues & Volume, By Chemical, 2021- 2031F |
6.6.6 Latvia Plastic Wrap Market Revenues & Volume, By Others, 2021- 2031F |
6.7 Latvia Plastic Wrap Market, By Distribution Channel |
6.7.1 Overview and Analysis |
6.7.2 Latvia Plastic Wrap Market Revenues & Volume, By E-commerce, 2021- 2031F |
6.7.3 Latvia Plastic Wrap Market Revenues & Volume, By Convenience Store, 2021- 2031F |
6.7.4 Latvia Plastic Wrap Market Revenues & Volume, By Supermarket/Hypermarket, 2021- 2031F |
6.7.5 Latvia Plastic Wrap Market Revenues & Volume, By Supermarket/Hypermarket, 2021- 2031F |
6.7.6 Latvia Plastic Wrap Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Plastic Wrap Market Import-Export Trade Statistics |
7.1 Latvia Plastic Wrap Market Export to Major Countries |
7.2 Latvia Plastic Wrap Market Imports from Major Countries |
8 Latvia Plastic Wrap Market Key Performance Indicators |
8.1 Consumer satisfaction with the quality and durability of plastic wraps |
8.2 Percentage of plastic wrap waste recycled or disposed of properly |
8.3 Number of partnerships with food companies and retailers for exclusive packaging contracts |
9 Latvia Plastic Wrap Market - Opportunity Assessment |
9.1 Latvia Plastic Wrap Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Plastic Wrap Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Latvia Plastic Wrap Market Opportunity Assessment, By Feature, 2021 & 2031F |
9.4 Latvia Plastic Wrap Market Opportunity Assessment, By Processing Type, 2021 & 2031F |
9.5 Latvia Plastic Wrap Market Opportunity Assessment, By Transparency, 2021 & 2031F |
9.6 Latvia Plastic Wrap Market Opportunity Assessment, By End-User, 2021 & 2031F |
9.7 Latvia Plastic Wrap Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Plastic Wrap Market - Competitive Landscape |
10.1 Latvia Plastic Wrap Market Revenue Share, By Companies, 2024 |
10.2 Latvia Plastic Wrap 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.
To discover high-growth global markets and optimize your business strategy:
Click Here