Latvia Thermoformed Plastics Market (2025-2031) | Value, Trends, Outlook, Industry, Companies, Segmentation, Analysis, Share, Growth, Forecast, Revenue & Size
Market Forecast By Product (Polymethyl Methacrylate (PMMA), Bio-degradable polymers, Polyethylene (PE), Acrylonitrile Butadiene Styrene (ABS), Poly Vinyl Chloride (PVC), High Impact Polystyrene (HIPS), Polystyrene (PS), Polypropylene (PP)), By Process (Plug assist forming, Thick gauge thermoforming, Thin gauge thermoforming, Vacuum snapback), By Application (Healthcare & medical, Food packaging, Electrical & electronics, Automotive, Construction, Consumer goods & appliances) And Competitive Landscape
| Product Code: ETC5233205 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
Latvia Thermoformed Plastics Market Top 5 Importing Countries and Market Competition (HHI) Analysis
In 2024, Latvia`s thermoformed plastics import market saw a shift towards high concentration, with top exporters being Estonia, Poland, China, Lithuania, and Germany. Despite a negative Compound Annual Growth Rate (CAGR) of -8.81% from 2020-2024, there was a slight improvement in the growth rate from 2023-2024 at -1.16%. This data suggests a challenging market environment for thermoformed plastics imports in Latvia, potentially influenced by various factors impacting the industry both domestically and globally. Stakeholders should closely monitor market trends and adapt strategies to navigate these dynamics effectively.
Thermoformed Plastics Market: Latvia vs Top 5 Major Economies in 2027 (Europe)
The Thermoformed Plastics market in Latvia is projected to grow at a stable growth rate of 3.86% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
Key Highlights of the Report:
- Latvia Thermoformed Plastics Market Outlook
- Market Size of Latvia Thermoformed Plastics Market, 2024
- Forecast of Latvia Thermoformed Plastics Market, 2031
- Historical Data and Forecast of Latvia Thermoformed Plastics Revenues & Volume for the Period 2021-2031
- Latvia Thermoformed Plastics Market Trend Evolution
- Latvia Thermoformed Plastics Market Drivers and Challenges
- Latvia Thermoformed Plastics Price Trends
- Latvia Thermoformed Plastics Porter`s Five Forces
- Latvia Thermoformed Plastics Industry Life Cycle
- Historical Data and Forecast of Latvia Thermoformed Plastics Market Revenues & Volume By Product for the Period 2021-2031
- Historical Data and Forecast of Latvia Thermoformed Plastics Market Revenues & Volume By Polymethyl Methacrylate (PMMA) for the Period 2021-2031
- Historical Data and Forecast of Latvia Thermoformed Plastics Market Revenues & Volume By Bio-degradable polymers for the Period 2021-2031
- Historical Data and Forecast of Latvia Thermoformed Plastics Market Revenues & Volume By Polyethylene (PE) for the Period 2021-2031
- Historical Data and Forecast of Latvia Thermoformed Plastics Market Revenues & Volume By Acrylonitrile Butadiene Styrene (ABS) for the Period 2021-2031
- Historical Data and Forecast of Latvia Thermoformed Plastics Market Revenues & Volume By Poly Vinyl Chloride (PVC) for the Period 2021-2031
- Historical Data and Forecast of Latvia Thermoformed Plastics Market Revenues & Volume By High Impact Polystyrene (HIPS) for the Period 2021-2031
- Historical Data and Forecast of Latvia Thermoformed Plastics Market Revenues & Volume By Polystyrene (PS) for the Period 2021-2031
- Historical Data and Forecast of Latvia Polymethyl Methacrylate (PMMA) Thermoformed Plastics Market Revenues & Volume By Polypropylene (PP) for the Period 2021-2031
- Historical Data and Forecast of Latvia Thermoformed Plastics Market Revenues & Volume By Process for the Period 2021-2031
- Historical Data and Forecast of Latvia Thermoformed Plastics Market Revenues & Volume By Plug assist forming for the Period 2021-2031
- Historical Data and Forecast of Latvia Thermoformed Plastics Market Revenues & Volume By Thick gauge thermoforming for the Period 2021-2031
- Historical Data and Forecast of Latvia Thermoformed Plastics Market Revenues & Volume By Thin gauge thermoforming for the Period 2021-2031
- Historical Data and Forecast of Latvia Thermoformed Plastics Market Revenues & Volume By Vacuum snapback for the Period 2021-2031
- Historical Data and Forecast of Latvia Thermoformed Plastics Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of Latvia Thermoformed Plastics Market Revenues & Volume By Healthcare & medical for the Period 2021-2031
- Historical Data and Forecast of Latvia Thermoformed Plastics Market Revenues & Volume By Food packaging for the Period 2021-2031
- Historical Data and Forecast of Latvia Thermoformed Plastics Market Revenues & Volume By Electrical & electronics for the Period 2021-2031
- Historical Data and Forecast of Latvia Thermoformed Plastics Market Revenues & Volume By Automotive for the Period 2021-2031
- Historical Data and Forecast of Latvia Thermoformed Plastics Market Revenues & Volume By Construction for the Period 2021-2031
- Historical Data and Forecast of Latvia Thermoformed Plastics Market Revenues & Volume By Consumer goods & appliances for the Period 2021-2031
- Latvia Thermoformed Plastics Import Export Trade Statistics
- Market Opportunity Assessment By Product
- Market Opportunity Assessment By Process
- Market Opportunity Assessment By Application
- Latvia Thermoformed Plastics Top Companies Market Share
- Latvia Thermoformed Plastics Competitive Benchmarking By Technical and Operational Parameters
- Latvia Thermoformed Plastics Company Profiles
- Latvia Thermoformed Plastics Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia Thermoformed Plastics Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latvia Thermoformed Plastics Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Thermoformed Plastics Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Thermoformed Plastics Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Thermoformed Plastics Market - Industry Life Cycle |
3.4 Latvia Thermoformed Plastics Market - Porter's Five Forces |
3.5 Latvia Thermoformed Plastics Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Thermoformed Plastics Market Revenues & Volume Share, By Process, 2021 & 2031F |
3.7 Latvia Thermoformed Plastics Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Thermoformed Plastics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for sustainable packaging solutions |
4.2.2 Growing adoption of thermoformed plastics in various industries such as food packaging, healthcare, and electronics |
4.2.3 Technological advancements leading to improved design capabilities and cost-effectiveness |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting production costs |
4.3.2 Stringent regulations regarding plastic waste management and recycling |
4.3.3 Competition from alternative packaging materials such as biodegradable plastics and paper-based packaging |
5 Latvia Thermoformed Plastics Market Trends |
6 Latvia Thermoformed Plastics Market Segmentations |
6.1 Latvia Thermoformed Plastics Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Thermoformed Plastics Market Revenues & Volume, By Polymethyl Methacrylate (PMMA), 2021-2031F |
6.1.3 Latvia Thermoformed Plastics Market Revenues & Volume, By Bio-degradable polymers, 2021-2031F |
6.1.4 Latvia Thermoformed Plastics Market Revenues & Volume, By Polyethylene (PE), 2021-2031F |
6.1.5 Latvia Thermoformed Plastics Market Revenues & Volume, By Acrylonitrile Butadiene Styrene (ABS), 2021-2031F |
6.1.6 Latvia Thermoformed Plastics Market Revenues & Volume, By Poly Vinyl Chloride (PVC), 2021-2031F |
6.1.7 Latvia Thermoformed Plastics Market Revenues & Volume, By High Impact Polystyrene (HIPS), 2021-2031F |
6.1.9 Latvia Thermoformed Plastics Market Revenues & Volume, By Polypropylene (PP), 2021-2031F |
6.1.10 Latvia Thermoformed Plastics Market Revenues & Volume, By Polypropylene (PP), 2021-2031F |
6.2 Latvia Thermoformed Plastics Market, By Process |
6.2.1 Overview and Analysis |
6.2.2 Latvia Thermoformed Plastics Market Revenues & Volume, By Plug assist forming, 2021-2031F |
6.2.3 Latvia Thermoformed Plastics Market Revenues & Volume, By Thick gauge thermoforming, 2021-2031F |
6.2.4 Latvia Thermoformed Plastics Market Revenues & Volume, By Thin gauge thermoforming, 2021-2031F |
6.2.5 Latvia Thermoformed Plastics Market Revenues & Volume, By Vacuum snapback, 2021-2031F |
6.3 Latvia Thermoformed Plastics Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Thermoformed Plastics Market Revenues & Volume, By Healthcare & medical, 2021-2031F |
6.3.3 Latvia Thermoformed Plastics Market Revenues & Volume, By Food packaging, 2021-2031F |
6.3.4 Latvia Thermoformed Plastics Market Revenues & Volume, By Electrical & electronics, 2021-2031F |
6.3.5 Latvia Thermoformed Plastics Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.6 Latvia Thermoformed Plastics Market Revenues & Volume, By Construction, 2021-2031F |
6.3.7 Latvia Thermoformed Plastics Market Revenues & Volume, By Consumer goods & appliances, 2021-2031F |
7 Latvia Thermoformed Plastics Market Import-Export Trade Statistics |
7.1 Latvia Thermoformed Plastics Market Export to Major Countries |
7.2 Latvia Thermoformed Plastics Market Imports from Major Countries |
8 Latvia Thermoformed Plastics Market Key Performance Indicators |
8.1 Percentage of recycled content in thermoformed plastics products |
8.2 Average energy consumption per unit of thermoformed plastic produced |
8.3 Number of new product innovations and patents in thermoformed plastics industry |
9 Latvia Thermoformed Plastics Market - Opportunity Assessment |
9.1 Latvia Thermoformed Plastics Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Thermoformed Plastics Market Opportunity Assessment, By Process, 2021 & 2031F |
9.3 Latvia Thermoformed Plastics Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Thermoformed Plastics Market - Competitive Landscape |
10.1 Latvia Thermoformed Plastics Market Revenue Share, By Companies, 2024 |
10.2 Latvia Thermoformed Plastics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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