| Product Code: ETC7919970 | 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 |
The quick response (QR) code label import shipments to Latvia show a significant shift in concentration levels, with HHI moving from moderate to high in 2024. The top exporting countries to Latvia in 2024 are Germany, Poland, Estonia, Lithuania, and the UK. Despite a notable CAGR of 11.52% from 2020 to 2024, there was a sharp decline in growth rate from 2023 to 2024 at -33.68%. This data indicates a dynamic market landscape and highlights the importance of monitoring trends and adapting strategies to navigate the changing import dynamics 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 Quick Response (QR) Code Label Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Quick Response (QR) Code Label Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Quick Response (QR) Code Label Market - Industry Life Cycle |
3.4 Latvia Quick Response (QR) Code Label Market - Porter's Five Forces |
3.5 Latvia Quick Response (QR) Code Label Market Revenues & Volume Share, By Label Type, 2021 & 2031F |
3.6 Latvia Quick Response (QR) Code Label Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.7 Latvia Quick Response (QR) Code Label Market Revenues & Volume Share, By Printing Technologies, 2021 & 2031F |
3.8 Latvia Quick Response (QR) Code Label Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Latvia Quick Response (QR) Code Label Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of digital technologies in marketing and promotions |
4.2.2 Growing emphasis on product traceability and anti-counterfeiting measures |
4.2.3 Rising demand for convenient and efficient labeling solutions in various industries |
4.3 Market Restraints |
4.3.1 Lack of awareness and understanding of QR code technology among consumers and businesses |
4.3.2 Data privacy and security concerns related to the use of QR codes |
4.3.3 Resistance to change and traditional labeling methods in some sectors |
5 Latvia Quick Response (QR) Code Label Market Trends |
6 Latvia Quick Response (QR) Code Label Market, By Types |
6.1 Latvia Quick Response (QR) Code Label Market, By Label Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Quick Response (QR) Code Label Market Revenues & Volume, By Label Type, 2021- 2031F |
6.1.3 Latvia Quick Response (QR) Code Label Market Revenues & Volume, By Sleeve Labels, 2021- 2031F |
6.1.4 Latvia Quick Response (QR) Code Label Market Revenues & Volume, By Glue-Applied Labels, 2021- 2031F |
6.1.5 Latvia Quick Response (QR) Code Label Market Revenues & Volume, By Pressure-Sensitive Labels, 2021- 2031F |
6.2 Latvia Quick Response (QR) Code Label Market, By Material Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Quick Response (QR) Code Label Market Revenues & Volume, By Paper, 2021- 2031F |
6.2.3 Latvia Quick Response (QR) Code Label Market Revenues & Volume, By Plastic, 2021- 2031F |
6.2.4 Latvia Quick Response (QR) Code Label Market Revenues & Volume, By Poly Vinyl Chloride, 2021- 2031F |
6.2.5 Latvia Quick Response (QR) Code Label Market Revenues & Volume, By Polyethylene Terephthalate and Vinyl, 2021- 2031F |
6.3 Latvia Quick Response (QR) Code Label Market, By Printing Technologies |
6.3.1 Overview and Analysis |
6.3.2 Latvia Quick Response (QR) Code Label Market Revenues & Volume, By Flexographic, 2021- 2031F |
6.3.3 Latvia Quick Response (QR) Code Label Market Revenues & Volume, By Digital Printing, 2021- 2031F |
6.3.4 Latvia Quick Response (QR) Code Label Market Revenues & Volume, By Offset Lithography, 2021- 2031F |
6.3.5 Latvia Quick Response (QR) Code Label Market Revenues & Volume, By Gravure Printing, 2021- 2031F |
6.3.6 Latvia Quick Response (QR) Code Label Market Revenues & Volume, By Other Printing Technologies, 2021- 2031F |
6.4 Latvia Quick Response (QR) Code Label Market, By End-Use |
6.4.1 Overview and Analysis |
6.4.2 Latvia Quick Response (QR) Code Label Market Revenues & Volume, By Food and Beverage, 2021- 2031F |
6.4.3 Latvia Quick Response (QR) Code Label Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
6.4.4 Latvia Quick Response (QR) Code Label Market Revenues & Volume, By Personal Care and Cosmetics, 2021- 2031F |
6.4.5 Latvia Quick Response (QR) Code Label Market Revenues & Volume, By Automotive, 2021- 2031F |
6.4.6 Latvia Quick Response (QR) Code Label Market Revenues & Volume, By Homecare and Toiletries, 2021- 2031F |
6.4.7 Latvia Quick Response (QR) Code Label Market Revenues & Volume, By Chemicals, 2021- 2031F |
7 Latvia Quick Response (QR) Code Label Market Import-Export Trade Statistics |
7.1 Latvia Quick Response (QR) Code Label Market Export to Major Countries |
7.2 Latvia Quick Response (QR) Code Label Market Imports from Major Countries |
8 Latvia Quick Response (QR) Code Label Market Key Performance Indicators |
8.1 Number of unique scans per QR code |
8.2 Conversion rate from QR code scans to desired actions (e.g., website visits, purchases) |
8.3 Engagement metrics such as time spent on linked content after scanning QR codes |
9 Latvia Quick Response (QR) Code Label Market - Opportunity Assessment |
9.1 Latvia Quick Response (QR) Code Label Market Opportunity Assessment, By Label Type, 2021 & 2031F |
9.2 Latvia Quick Response (QR) Code Label Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.3 Latvia Quick Response (QR) Code Label Market Opportunity Assessment, By Printing Technologies, 2021 & 2031F |
9.4 Latvia Quick Response (QR) Code Label Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Latvia Quick Response (QR) Code Label Market - Competitive Landscape |
10.1 Latvia Quick Response (QR) Code Label Market Revenue Share, By Companies, 2024 |
10.2 Latvia Quick Response (QR) Code Label 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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