Latvia Plastics Materials and Resins Market (2025-2031) | Companies, Forecast, Growth, Value, Size, Industry, Revenue, Analysis, Segmentation, Trends, Share & Outlook

Name: Latvia Plastics Materials and Resins Market (2025-2031) | Value & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy

Market Forecast By Type (Polypropylene (PP), High-density polyethylene (PE-HD), Polyvinyl chloride (PVC), Polyethylene terephthalate (PET)), By Applications (Chemical Industry, Coating & Printing Industry, Electronics Industry, Food & Pharmaceutical Industry, Others) And Competitive Landscape

Product Code: ETC5372456	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

Latvia Plastics Materials and Resins Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Latvia`s plastics materials and resins import market saw a shift towards moderate concentration, with top exporters being Germany, Lithuania, South Korea, Netherlands, and Poland. Despite a slight decline in CAGR from 2020-24, the industry experienced a notable growth rate of 12.96% in 2024. This signals a potential uptick in demand and opportunities for market players to capitalize on the evolving landscape of the plastics import market in Latvia.

Latvia Plastics Materials and Resins Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

Latvia Plastics Materials and Resins Market Outlook
Market Size of Latvia Plastics Materials and Resins Market, 2024
Forecast of Latvia Plastics Materials and Resins Market, 2031
Historical Data and Forecast of Latvia Plastics Materials and Resins Revenues & Volume for the Period 2021-2031
Latvia Plastics Materials and Resins Market Trend Evolution
Latvia Plastics Materials and Resins Market Drivers and Challenges
Latvia Plastics Materials and Resins Price Trends
Latvia Plastics Materials and Resins Porter`s Five Forces
Latvia Plastics Materials and Resins Industry Life Cycle
Historical Data and Forecast of Latvia Plastics Materials and Resins Market Revenues & Volume By Type for the Period 2021-2031
Historical Data and Forecast of Latvia Plastics Materials and Resins Market Revenues & Volume By Polypropylene (PP) for the Period 2021-2031
Historical Data and Forecast of Latvia Plastics Materials and Resins Market Revenues & Volume By High-density polyethylene (PE-HD) for the Period 2021-2031
Historical Data and Forecast of Latvia Plastics Materials and Resins Market Revenues & Volume By Polyvinyl chloride (PVC) for the Period 2021-2031
Historical Data and Forecast of Latvia Plastics Materials and Resins Market Revenues & Volume By Polyethylene terephthalate (PET) for the Period 2021-2031
Historical Data and Forecast of Latvia Plastics Materials and Resins Market Revenues & Volume By Applications for the Period 2021-2031
Historical Data and Forecast of Latvia Plastics Materials and Resins Market Revenues & Volume By Chemical Industry for the Period 2021-2031
Historical Data and Forecast of Latvia Plastics Materials and Resins Market Revenues & Volume By Coating & Printing Industry for the Period 2021-2031
Historical Data and Forecast of Latvia Plastics Materials and Resins Market Revenues & Volume By Electronics Industry for the Period 2021-2031
Historical Data and Forecast of Latvia Plastics Materials and Resins Market Revenues & Volume By Food & Pharmaceutical Industry for the Period 2021-2031
Historical Data and Forecast of Latvia Plastics Materials and Resins Market Revenues & Volume By Others for the Period 2021-2031
Latvia Plastics Materials and Resins Import Export Trade Statistics
Market Opportunity Assessment By Type
Market Opportunity Assessment By Applications
Latvia Plastics Materials and Resins Top Companies Market Share
Latvia Plastics Materials and Resins Competitive Benchmarking By Technical and Operational Parameters
Latvia Plastics Materials and Resins Company Profiles
Latvia Plastics Materials and Resins Key Strategic Recommendations

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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 Plastics Materials and Resins Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Plastics Materials and Resins Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Plastics Materials and Resins Market - Industry Life Cycle

3.4 Latvia Plastics Materials and Resins Market - Porter's Five Forces

3.5 Latvia Plastics Materials and Resins Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 Latvia Plastics Materials and Resins Market Revenues & Volume Share, By Applications, 2021 & 2031F

4 Latvia Plastics Materials and Resins Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Growing demand for plastics materials and resins in various industries such as packaging, automotive, and construction.

4.2.2 Technological advancements leading to the development of innovative and high-performance plastics materials.

4.2.3 Increasing focus on sustainable and eco-friendly materials driving the demand for bio-based plastics in Latvia.

4.3 Market Restraints

4.3.1 Fluctuating prices of raw materials impacting the overall production cost of plastics materials and resins.

4.3.2 Stringent regulations and policies regarding the use of plastics and environmental concerns leading to challenges in the market.

5 Latvia Plastics Materials and Resins Market Trends

6 Latvia Plastics Materials and Resins Market Segmentations

6.1 Latvia Plastics Materials and Resins Market, By Type

6.1.1 Overview and Analysis

6.1.2 Latvia Plastics Materials and Resins Market Revenues & Volume, By Polypropylene (PP), 2021-2031F

6.1.3 Latvia Plastics Materials and Resins Market Revenues & Volume, By High-density polyethylene (PE-HD), 2021-2031F

6.1.4 Latvia Plastics Materials and Resins Market Revenues & Volume, By Polyvinyl chloride (PVC), 2021-2031F

6.1.5 Latvia Plastics Materials and Resins Market Revenues & Volume, By Polyethylene terephthalate (PET), 2021-2031F

6.2 Latvia Plastics Materials and Resins Market, By Applications

6.2.1 Overview and Analysis

6.2.2 Latvia Plastics Materials and Resins Market Revenues & Volume, By Chemical Industry, 2021-2031F

6.2.3 Latvia Plastics Materials and Resins Market Revenues & Volume, By Coating & Printing Industry, 2021-2031F

6.2.4 Latvia Plastics Materials and Resins Market Revenues & Volume, By Electronics Industry, 2021-2031F

6.2.5 Latvia Plastics Materials and Resins Market Revenues & Volume, By Food & Pharmaceutical Industry, 2021-2031F

6.2.6 Latvia Plastics Materials and Resins Market Revenues & Volume, By Others, 2021-2031F

7 Latvia Plastics Materials and Resins Market Import-Export Trade Statistics

7.1 Latvia Plastics Materials and Resins Market Export to Major Countries

7.2 Latvia Plastics Materials and Resins Market Imports from Major Countries

8 Latvia Plastics Materials and Resins Market Key Performance Indicators

8.1 Recycling rate of plastics materials and resins in Latvia.

8.2 Adoption rate of bio-based plastics in various industries.

8.3 Investment in research and development for new plastics materials and technologies.

8.4 Energy efficiency and carbon footprint reduction initiatives in the production of plastics materials.

9 Latvia Plastics Materials and Resins Market - Opportunity Assessment

9.1 Latvia Plastics Materials and Resins Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 Latvia Plastics Materials and Resins Market Opportunity Assessment, By Applications, 2021 & 2031F

10 Latvia Plastics Materials and Resins Market - Competitive Landscape

10.1 Latvia Plastics Materials and Resins Market Revenue Share, By Companies, 2024

10.2 Latvia Plastics Materials and Resins Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

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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