| Product Code: ETC5570341 | 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 |
In 2024, Latvia continued to see a high concentration of smart container import shipments, with top exporting countries being Estonia, Poland, Lithuania, Germany, and Italy. The Herfindahl-Hirschman Index (HHI) indicated very high concentration levels compared to 2023. Despite a negative compound annual growth rate (CAGR) of -6.59% from 2020 to 2024, the growth rate improved slightly in 2024 with a decrease of -3.27% compared to the previous year. This suggests a challenging market environment with a heavy reliance on a few key exporting partners for smart container imports 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 Smart Container Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Smart Container Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Smart Container Market - Industry Life Cycle |
3.4 Latvia Smart Container Market - Porter's Five Forces |
3.5 Latvia Smart Container Market Revenues & Volume Share, By Offering , 2021 & 2031F |
3.6 Latvia Smart Container Market Revenues & Volume Share, By Vertical , 2021 & 2031F |
3.7 Latvia Smart Container Market Revenues & Volume Share, By Technology , 2021 & 2031F |
4 Latvia Smart Container Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on sustainability and environmental initiatives driving demand for smart containers in Latvia. |
4.2.2 Government regulations promoting the adoption of smart technologies in waste management. |
4.2.3 Growing urbanization leading to higher waste generation and the need for efficient waste management solutions. |
4.3 Market Restraints |
4.3.1 High initial investment cost for implementing smart container solutions. |
4.3.2 Lack of awareness and understanding about the benefits of smart containers among potential users in Latvia. |
4.3.3 Limited availability of skilled workforce for the maintenance and operation of smart container systems. |
5 Latvia Smart Container Market Trends |
6 Latvia Smart Container Market Segmentations |
6.1 Latvia Smart Container Market, By Offering |
6.1.1 Overview and Analysis |
6.1.2 Latvia Smart Container Market Revenues & Volume, By Hardware, 2021-2031F |
6.1.3 Latvia Smart Container Market Revenues & Volume, By Software, 2021-2031F |
6.1.4 Latvia Smart Container Market Revenues & Volume, By Services, 2021-2031F |
6.2 Latvia Smart Container Market, By Vertical |
6.2.1 Overview and Analysis |
6.2.2 Latvia Smart Container Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.2.3 Latvia Smart Container Market Revenues & Volume, By Chemicals, 2021-2031F |
6.2.4 Latvia Smart Container Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.2.5 Latvia Smart Container Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.3 Latvia Smart Container Market, By Technology |
6.3.1 Overview and Analysis |
6.3.2 Latvia Smart Container Market Revenues & Volume, By GPS, 2021-2031F |
6.3.3 Latvia Smart Container Market Revenues & Volume, By Cellular, 2021-2031F |
6.3.4 Latvia Smart Container Market Revenues & Volume, By Bluetooth Low Energy, 2021-2031F |
6.3.5 Latvia Smart Container Market Revenues & Volume, By LoRaWAN, 2021-2031F |
7 Latvia Smart Container Market Import-Export Trade Statistics |
7.1 Latvia Smart Container Market Export to Major Countries |
7.2 Latvia Smart Container Market Imports from Major Countries |
8 Latvia Smart Container Market Key Performance Indicators |
8.1 Percentage increase in the number of municipalities implementing smart container solutions. |
8.2 Reduction in overall waste management costs for municipalities using smart containers. |
8.3 Increase in the efficiency of waste collection and disposal processes with the use of smart containers. |
9 Latvia Smart Container Market - Opportunity Assessment |
9.1 Latvia Smart Container Market Opportunity Assessment, By Offering , 2021 & 2031F |
9.2 Latvia Smart Container Market Opportunity Assessment, By Vertical , 2021 & 2031F |
9.3 Latvia Smart Container Market Opportunity Assessment, By Technology , 2021 & 2031F |
10 Latvia Smart Container Market - Competitive Landscape |
10.1 Latvia Smart Container Market Revenue Share, By Companies, 2024 |
10.2 Latvia Smart Container Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |