| Product Code: ETC7923223 | 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 import shipments of thin wall plastic containers to Latvia in 2024 continued to be dominated by neighboring countries such as Estonia, Poland, and Lithuania, along with major players like Germany and Italy. The market concentration, as measured by the HHI, significantly increased from 2023 to 2024, indicating a higher level of dominance by key exporting countries. Despite a negative CAGR of -6.59% from 2020 to 2024, there was a slight improvement in the growth rate in 2024, with a decrease of only -3.27% compared to the previous year. This suggests a potential stabilization in the market for thin wall plastic containers 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 Thin Wall Plastic Containers Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Thin Wall Plastic Containers Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Thin Wall Plastic Containers Market - Industry Life Cycle |
3.4 Latvia Thin Wall Plastic Containers Market - Porter's Five Forces |
3.5 Latvia Thin Wall Plastic Containers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Thin Wall Plastic Containers Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Thin Wall Plastic Containers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight, durable, and cost-effective packaging solutions in various industries. |
4.2.2 Growing focus on sustainable packaging practices and environmental concerns driving the adoption of recyclable plastic containers. |
4.2.3 Technological advancements leading to the development of innovative thin wall plastic container designs. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting production costs. |
4.3.2 Stringent regulations and policies related to plastic usage and waste management. |
4.3.3 Competition from alternative packaging materials such as paper-based or biodegradable options. |
5 Latvia Thin Wall Plastic Containers Market Trends |
6 Latvia Thin Wall Plastic Containers Market, By Types |
6.1 Latvia Thin Wall Plastic Containers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Thin Wall Plastic Containers Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Thin Wall Plastic Containers Market Revenues & Volume, By Polypropylene (PP), 2021- 2031F |
6.1.4 Latvia Thin Wall Plastic Containers Market Revenues & Volume, By Polyethylene (PE), 2021- 2031F |
6.1.5 Latvia Thin Wall Plastic Containers Market Revenues & Volume, By Polystyrene (PS), 2021- 2031F |
6.1.6 Latvia Thin Wall Plastic Containers Market Revenues & Volume, By Polyethylene Terephthalate (PET), 2021- 2031F |
6.2 Latvia Thin Wall Plastic Containers Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Thin Wall Plastic Containers Market Revenues & Volume, By Food & Beverages, 2021- 2031F |
6.2.3 Latvia Thin Wall Plastic Containers Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
6.2.4 Latvia Thin Wall Plastic Containers Market Revenues & Volume, By FMCG, 2021- 2031F |
7 Latvia Thin Wall Plastic Containers Market Import-Export Trade Statistics |
7.1 Latvia Thin Wall Plastic Containers Market Export to Major Countries |
7.2 Latvia Thin Wall Plastic Containers Market Imports from Major Countries |
8 Latvia Thin Wall Plastic Containers Market Key Performance Indicators |
8.1 Percentage of recycled material used in the production of thin wall plastic containers. |
8.2 Number of new product innovations or designs introduced in the market. |
8.3 Customer satisfaction ratings or feedback on the quality and functionality of thin wall plastic containers. |
8.4 Carbon footprint reduction achieved through the use of lightweight plastic containers. |
8.5 Adoption rate of thin wall plastic containers by different industries or sectors. |
9 Latvia Thin Wall Plastic Containers Market - Opportunity Assessment |
9.1 Latvia Thin Wall Plastic Containers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Thin Wall Plastic Containers Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Thin Wall Plastic Containers Market - Competitive Landscape |
10.1 Latvia Thin Wall Plastic Containers Market Revenue Share, By Companies, 2024 |
10.2 Latvia Thin Wall Plastic Containers 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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