| Product Code: ETC7921775 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s import shipments of snap-on closures in 2024 saw a diverse range of top exporting countries, including Germany, Ukraine, Poland, Switzerland, and China. Despite this variety, the market remained moderately concentrated, as indicated by the low Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stood at 2.73%, showing steady expansion. Furthermore, the growth rate spiked to 7.66% in 2024 compared to the previous year, indicating increasing demand and potential opportunities in the Latvian market for snap-on closures.

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 Snap-on Closures Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Snap-on Closures Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Snap-on Closures Market - Industry Life Cycle |
3.4 Latvia Snap-on Closures Market - Porter's Five Forces |
3.5 Latvia Snap-on Closures Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Snap-on Closures Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Latvia Snap-on Closures Market Revenues & Volume Share, By Closure Type, 2021 & 2031F |
3.8 Latvia Snap-on Closures Market Revenues & Volume Share, By Diameter, 2021 & 2031F |
3.9 Latvia Snap-on Closures Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Latvia Snap-on Closures Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for convenient packaging solutions |
4.2.2 Growing focus on sustainability and eco-friendly packaging options |
4.2.3 Innovation in snap-on closure technology |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Intense competition in the packaging industry |
4.3.3 Regulatory constraints on packaging materials and designs |
5 Latvia Snap-on Closures Market Trends |
6 Latvia Snap-on Closures Market, By Types |
6.1 Latvia Snap-on Closures Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Snap-on Closures Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Snap-on Closures Market Revenues & Volume, By Bottles, 2021- 2031F |
6.1.4 Latvia Snap-on Closures Market Revenues & Volume, By Tubes, 2021- 2031F |
6.1.5 Latvia Snap-on Closures Market Revenues & Volume, By Jars, 2021- 2031F |
6.1.6 Latvia Snap-on Closures Market Revenues & Volume, By Vials, 2021- 2031F |
6.1.7 Latvia Snap-on Closures Market Revenues & Volume, By Can & Containers, 2021- 2031F |
6.2 Latvia Snap-on Closures Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Latvia Snap-on Closures Market Revenues & Volume, By Polyethylene terephthalate (PET), 2021- 2031F |
6.2.3 Latvia Snap-on Closures Market Revenues & Volume, By Polyvinyl chloride (PVC), 2021- 2031F |
6.2.4 Latvia Snap-on Closures Market Revenues & Volume, By High-density polyethylene (HDPE)), 2021- 2031F |
6.3 Latvia Snap-on Closures Market, By Closure Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Snap-on Closures Market Revenues & Volume, By Flip Top, 2021- 2031F |
6.3.3 Latvia Snap-on Closures Market Revenues & Volume, By Bottle Stopper, 2021- 2031F |
6.3.4 Latvia Snap-on Closures Market Revenues & Volume, By Twist off Cap, 2021- 2031F |
6.4 Latvia Snap-on Closures Market, By Diameter |
6.4.1 Overview and Analysis |
6.4.2 Latvia Snap-on Closures Market Revenues & Volume, By Up to 24 mm, 2021- 2031F |
6.4.3 Latvia Snap-on Closures Market Revenues & Volume, By 24-34 mm, 2021- 2031F |
6.4.4 Latvia Snap-on Closures Market Revenues & Volume, By 34-44 mm, 2021- 2031F |
6.4.5 Latvia Snap-on Closures Market Revenues & Volume, By Above 44 mm, 2021- 2031F |
6.5 Latvia Snap-on Closures Market, By End-User |
6.5.1 Overview and Analysis |
6.5.2 Latvia Snap-on Closures Market Revenues & Volume, By Liquid soap, 2021- 2031F |
6.5.3 Latvia Snap-on Closures Market Revenues & Volume, By Oil products, 2021- 2031F |
6.5.4 Latvia Snap-on Closures Market Revenues & Volume, By Liquid soap, 2021- 2031F |
6.5.5 Latvia Snap-on Closures Market Revenues & Volume, By Shampoo, 2021- 2031F |
6.5.6 Latvia Snap-on Closures Market Revenues & Volume, By Lotion and Cream, 2021- 2031F |
7 Latvia Snap-on Closures Market Import-Export Trade Statistics |
7.1 Latvia Snap-on Closures Market Export to Major Countries |
7.2 Latvia Snap-on Closures Market Imports from Major Countries |
8 Latvia Snap-on Closures Market Key Performance Indicators |
8.1 Percentage of products using snap-on closures in the Latvian market |
8.2 Rate of adoption of new snap-on closure technologies |
8.3 Customer satisfaction scores related to snap-on closures' ease of use and functionality |
9 Latvia Snap-on Closures Market - Opportunity Assessment |
9.1 Latvia Snap-on Closures Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Snap-on Closures Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Latvia Snap-on Closures Market Opportunity Assessment, By Closure Type, 2021 & 2031F |
9.4 Latvia Snap-on Closures Market Opportunity Assessment, By Diameter, 2021 & 2031F |
9.5 Latvia Snap-on Closures Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Latvia Snap-on Closures Market - Competitive Landscape |
10.1 Latvia Snap-on Closures Market Revenue Share, By Companies, 2024 |
10.2 Latvia Snap-on Closures 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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