| Product Code: ETC7919093 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s polyethylene closure import market in 2024 saw consistent growth, with top exporters being Germany, Ukraine, Poland, Switzerland, and China. Despite the presence of these key players, the market exhibited low concentration according to the Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stood at 2.73%, indicating steady expansion. Moreover, the growth rate in 2024 alone spiked to 7.66%, showcasing a promising trajectory for the industry 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 Polyethylene Closure Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Polyethylene Closure Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Polyethylene Closure Market - Industry Life Cycle |
3.4 Latvia Polyethylene Closure Market - Porter's Five Forces |
3.5 Latvia Polyethylene Closure Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
3.6 Latvia Polyethylene Closure Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Polyethylene Closure Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for sustainable packaging solutions in the food and beverage industry |
4.2.2 Growth in the pharmaceutical and healthcare sectors leading to higher demand for polyethylene closures |
4.2.3 Technological advancements in polyethylene closure manufacturing processes |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Intense competition from alternative closure materials like aluminum and glass |
4.3.3 Stringent regulations and standards related to packaging and recycling |
5 Latvia Polyethylene Closure Market Trends |
6 Latvia Polyethylene Closure Market, By Types |
6.1 Latvia Polyethylene Closure Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2 Latvia Polyethylene Closure Market Revenues & Volume, By Product Types, 2021- 2031F |
6.1.3 Latvia Polyethylene Closure Market Revenues & Volume, By Compression Moulding, 2021- 2031F |
6.1.4 Latvia Polyethylene Closure Market Revenues & Volume, By Injection Molding, 2021- 2031F |
6.2 Latvia Polyethylene Closure Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Polyethylene Closure Market Revenues & Volume, By Beverage Industry, 2021- 2031F |
6.2.3 Latvia Polyethylene Closure Market Revenues & Volume, By Pharmaceutical Industry, 2021- 2031F |
6.2.4 Latvia Polyethylene Closure Market Revenues & Volume, By Personal Care Products, 2021- 2031F |
7 Latvia Polyethylene Closure Market Import-Export Trade Statistics |
7.1 Latvia Polyethylene Closure Market Export to Major Countries |
7.2 Latvia Polyethylene Closure Market Imports from Major Countries |
8 Latvia Polyethylene Closure Market Key Performance Indicators |
8.1 Percentage of recycled content used in polyethylene closures |
8.2 Number of new product innovations and patents in the polyethylene closure market |
8.3 Adoption rate of eco-friendly polyethylene closure solutions |
9 Latvia Polyethylene Closure Market - Opportunity Assessment |
9.1 Latvia Polyethylene Closure Market Opportunity Assessment, By Product Types, 2021 & 2031F |
9.2 Latvia Polyethylene Closure Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Polyethylene Closure Market - Competitive Landscape |
10.1 Latvia Polyethylene Closure Market Revenue Share, By Companies, 2024 |
10.2 Latvia Polyethylene Closure 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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