| Product Code: ETC7919061 | Publication Date: Sep 2024 | Updated Date: Apr 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s import shipments of Polybutylene Adipate Terephthalate (PBAT) in 2024 saw significant growth, with top exporting countries being Finland, Germany, Italy, Portugal, and Belgium. The market concentration, as measured by the HHI index, remained high in 2024, indicating a competitive landscape. The compound annual growth rate (CAGR) from 2020 to 2024 was a robust 8.16%, while the growth rate from 2023 to 2024 surged by 23.41%, reflecting a strong demand for PBAT in Latvia. This data suggests a positive outlook for the PBAT 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 Polybutylene Adipate Terephthalate (PBAT) Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Polybutylene Adipate Terephthalate (PBAT) Market Revenues & Volume, 2022 & 2032F |
3.3 Latvia Polybutylene Adipate Terephthalate (PBAT) Market - Industry Life Cycle |
3.4 Latvia Polybutylene Adipate Terephthalate (PBAT) Market - Porter's Five Forces |
3.5 Latvia Polybutylene Adipate Terephthalate (PBAT) Market Revenues & Volume Share, By Application, 2022 & 2032F |
3.6 Latvia Polybutylene Adipate Terephthalate (PBAT) Market Revenues & Volume Share, By End-Use, 2022 & 2032F |
4 Latvia Polybutylene Adipate Terephthalate (PBAT) 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 Growing awareness about the harmful effects of traditional plastics on the environment |
4.2.3 Favorable government regulations promoting the use of biodegradable materials in packaging |
4.3 Market Restraints |
4.3.1 High initial costs of PBAT compared to conventional plastics |
4.3.2 Limited availability of PBAT in the market |
4.3.3 Challenges in maintaining the mechanical properties and performance of PBAT products |
5 Latvia Polybutylene Adipate Terephthalate (PBAT) Market Trends |
6 Latvia Polybutylene Adipate Terephthalate (PBAT) Market, By Types |
6.1 Latvia Polybutylene Adipate Terephthalate (PBAT) Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Polybutylene Adipate Terephthalate (PBAT) Market Revenues & Volume, By Application, 2022 - 2032F |
6.1.3 Latvia Polybutylene Adipate Terephthalate (PBAT) Market Revenues & Volume, By Composite Bags, 2022 - 2032F |
6.1.4 Latvia Polybutylene Adipate Terephthalate (PBAT) Market Revenues & Volume, By Cling Films, 2022 - 2032F |
6.1.5 Latvia Polybutylene Adipate Terephthalate (PBAT) Market Revenues & Volume, By Bin Bags, 2022 - 2032F |
6.1.6 Latvia Polybutylene Adipate Terephthalate (PBAT) Market Revenues & Volume, By Medical Clothing, 2022 - 2032F |
6.2 Latvia Polybutylene Adipate Terephthalate (PBAT) Market, By End-Use |
6.2.1 Overview and Analysis |
6.2.2 Latvia Polybutylene Adipate Terephthalate (PBAT) Market Revenues & Volume, By Packaging, 2022 - 2032F |
6.2.3 Latvia Polybutylene Adipate Terephthalate (PBAT) Market Revenues & Volume, By Agriculture, 2022 - 2032F |
6.2.4 Latvia Polybutylene Adipate Terephthalate (PBAT) Market Revenues & Volume, By Fishery, 2022 - 2032F |
6.2.5 Latvia Polybutylene Adipate Terephthalate (PBAT) Market Revenues & Volume, By Consumer Goods, 2022 - 2032F |
6.2.6 Latvia Polybutylene Adipate Terephthalate (PBAT) Market Revenues & Volume, By Coatings, 2022 - 2032F |
7 Latvia Polybutylene Adipate Terephthalate (PBAT) Market Import-Export Trade Statistics |
7.1 Latvia Polybutylene Adipate Terephthalate (PBAT) Market Export to Major Countries |
7.2 Latvia Polybutylene Adipate Terephthalate (PBAT) Market Imports from Major Countries |
8 Latvia Polybutylene Adipate Terephthalate (PBAT) Market Key Performance Indicators |
8.1 Percentage of companies in Latvia adopting PBAT in their packaging solutions |
8.2 Growth rate of PBAT production capacity in Latvia |
8.3 Percentage of consumers in Latvia willing to pay a premium for PBAT-based products |
9 Latvia Polybutylene Adipate Terephthalate (PBAT) Market - Opportunity Assessment |
9.1 Latvia Polybutylene Adipate Terephthalate (PBAT) Market Opportunity Assessment, By Application, 2022 & 2032F |
9.2 Latvia Polybutylene Adipate Terephthalate (PBAT) Market Opportunity Assessment, By End-Use, 2022 & 2032F |
10 Latvia Polybutylene Adipate Terephthalate (PBAT) Market - Competitive Landscape |
10.1 Latvia Polybutylene Adipate Terephthalate (PBAT) Market Revenue Share, By Companies, 2025 |
10.2 Latvia Polybutylene Adipate Terephthalate (PBAT) 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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