| Product Code: ETC5317793 | 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 |
The security labels import market in Latvia continues to be dominated by neighboring countries such as Lithuania, Estonia, and Poland, as well as other European nations like the Netherlands and Denmark. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market with limited competition. Despite this, the market has shown steady growth with a compound annual growth rate (CAGR) of 2.14% from 2020 to 2024. The growth rate in 2024 has further increased to 3.0%, reflecting a positive trend in the demand for security labels in Latvia.

By 2027, the Security Labels market in Latvia is anticipated to reach a growth rate of 2.72%, as part of an increasingly competitive Europe region, where Germany remains at the forefront, supported by United Kingdom, France, Italy and Russia, driving innovations and market adoption across sectors.

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 Security Labels Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Security Labels Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Security Labels Market - Industry Life Cycle |
3.4 Latvia Security Labels Market - Porter's Five Forces |
3.5 Latvia Security Labels Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Security Labels Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.7 Latvia Security Labels Market Revenues & Volume Share, By Pattern Type, 2021 & 2031F |
3.8 Latvia Security Labels Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Latvia Security Labels Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Latvia Security Labels Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the importance of security labels for brand protection |
4.2.2 Stringent regulations and compliance requirements for product labeling and anti-counterfeiting measures |
4.2.3 Growing demand for track and trace technologies in various industries |
4.3 Market Restraints |
4.3.1 High initial investment required for implementing security labeling solutions |
4.3.2 Lack of standardized regulations across different industries for security labeling |
4.3.3 Presence of counterfeit security labels in the market affecting consumer trust |
5 Latvia Security Labels Market Trends |
6 Latvia Security Labels Market Segmentations |
6.1 Latvia Security Labels Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Security Labels Market Revenues & Volume, By Barcode, 2021-2031F |
6.1.3 Latvia Security Labels Market Revenues & Volume, By Holographic Labels, 2021-2031F |
6.1.4 Latvia Security Labels Market Revenues & Volume, By Radio Frequency Identification (RFIDs), 2021-2031F |
6.1.5 Latvia Security Labels Market Revenues & Volume, By Electronic Article Surveillance (EAS), 2021-2031F |
6.1.6 Latvia Security Labels Market Revenues & Volume, By Near Field Communication (NFC), 2021-2031F |
6.1.7 Latvia Security Labels Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Security Labels Market, By Material Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Security Labels Market Revenues & Volume, By Plastic, 2021-2031F |
6.2.3 Latvia Security Labels Market Revenues & Volume, By Foam (EPS), 2021-2031F |
6.2.4 Latvia Security Labels Market Revenues & Volume, By Foil, 2021-2031F |
6.2.5 Latvia Security Labels Market Revenues & Volume, By Paper, 2021-2031F |
6.3 Latvia Security Labels Market, By Pattern Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Security Labels Market Revenues & Volume, By VOID, 2021-2031F |
6.3.3 Latvia Security Labels Market Revenues & Volume, By Checkboard, 2021-2031F |
6.3.4 Latvia Security Labels Market Revenues & Volume, By Destructible, 2021-2031F |
6.3.5 Latvia Security Labels Market Revenues & Volume, By Other Customized Patterns, 2021-2031F |
6.4 Latvia Security Labels Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia Security Labels Market Revenues & Volume, By Bottles & Jars, 2021-2031F |
6.4.3 Latvia Security Labels Market Revenues & Volume, By Boxes & Cartons, 2021-2031F |
6.4.4 Latvia Security Labels Market Revenues & Volume, By Bags & Pouches, 2021-2031F |
6.4.5 Latvia Security Labels Market Revenues & Volume, By Other Containers, 2021-2031F |
6.5 Latvia Security Labels Market, By End-use Industry |
6.5.1 Overview and Analysis |
6.5.2 Latvia Security Labels Market Revenues & Volume, By Food & Beverage Industry, 2021-2031F |
6.5.3 Latvia Security Labels Market Revenues & Volume, By Healthcare & Pharmaceutical Industry, 2021-2031F |
6.5.4 Latvia Security Labels Market Revenues & Volume, By Chemicals & Fertilizers Industry, 2021-2031F |
6.5.5 Latvia Security Labels Market Revenues & Volume, By Electrical & Electronics Industry, 2021-2031F |
6.5.6 Latvia Security Labels Market Revenues & Volume, By Personal Care & Cosmetics Industry, 2021-2031F |
6.5.7 Latvia Security Labels Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Security Labels Market Import-Export Trade Statistics |
7.1 Latvia Security Labels Market Export to Major Countries |
7.2 Latvia Security Labels Market Imports from Major Countries |
8 Latvia Security Labels Market Key Performance Indicators |
8.1 Adoption rate of track and trace technologies in key industries |
8.2 Number of reported counterfeit incidents in the market |
8.3 Rate of compliance with security labeling regulations |
8.4 Percentage of companies investing in enhancing their brand protection through security labels |
8.5 Level of consumer confidence in product authenticity due to security labels |
9 Latvia Security Labels Market - Opportunity Assessment |
9.1 Latvia Security Labels Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Security Labels Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.3 Latvia Security Labels Market Opportunity Assessment, By Pattern Type, 2021 & 2031F |
9.4 Latvia Security Labels Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 Latvia Security Labels Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Latvia Security Labels Market - Competitive Landscape |
10.1 Latvia Security Labels Market Revenue Share, By Companies, 2024 |
10.2 Latvia Security Labels Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |