| Product Code: ETC7923995 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The vegetable-based inks import market in Latvia continued to diversify in 2024, with top exporting countries including Finland, Netherlands, Germany, Lithuania, and Poland. Despite a slightly negative compound annual growth rate (CAGR) from 2020 to 2024, the market showed a significant growth rate of 28.0% from 2023 to 2024. The low concentration level indicated by the Herfindahl-Hirschman Index (HHI) suggests a competitive landscape among suppliers, offering opportunities for further market expansion and innovation in sustainable ink solutions.

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 Vegetable-based Inks Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Vegetable-based Inks Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Vegetable-based Inks Market - Industry Life Cycle |
3.4 Latvia Vegetable-based Inks Market - Porter's Five Forces |
3.5 Latvia Vegetable-based Inks Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Vegetable-based Inks Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Vegetable-based Inks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about environmental sustainability and preference for eco-friendly products |
4.2.2 Growth in the packaging industry and demand for sustainable packaging solutions |
4.2.3 Government regulations promoting the use of vegetable-based inks as a greener alternative |
4.3 Market Restraints |
4.3.1 Higher production costs associated with vegetable-based inks compared to conventional inks |
4.3.2 Limited availability and higher prices of raw materials for vegetable-based inks |
4.3.3 Resistance from traditional ink manufacturers and users towards switching to vegetable-based inks |
5 Latvia Vegetable-based Inks Market Trends |
6 Latvia Vegetable-based Inks Market, By Types |
6.1 Latvia Vegetable-based Inks Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Vegetable-based Inks Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Vegetable-based Inks Market Revenues & Volume, By Soy-based Ink, 2021- 2031F |
6.1.4 Latvia Vegetable-based Inks Market Revenues & Volume, By Linseed Ink, 2021- 2031F |
6.1.5 Latvia Vegetable-based Inks Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Vegetable-based Inks Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Vegetable-based Inks Market Revenues & Volume, By Label & Packaging, 2021- 2031F |
6.2.3 Latvia Vegetable-based Inks Market Revenues & Volume, By Commercial Printing, 2021- 2031F |
6.2.4 Latvia Vegetable-based Inks Market Revenues & Volume, By Publication, 2021- 2031F |
6.2.5 Latvia Vegetable-based Inks Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Vegetable-based Inks Market Import-Export Trade Statistics |
7.1 Latvia Vegetable-based Inks Market Export to Major Countries |
7.2 Latvia Vegetable-based Inks Market Imports from Major Countries |
8 Latvia Vegetable-based Inks Market Key Performance Indicators |
8.1 Percentage increase in the number of eco-friendly certifications obtained by ink manufacturers |
8.2 Growth in the number of packaging companies adopting vegetable-based inks in their products |
8.3 Improvement in the technology and efficiency of vegetable-based ink production |
9 Latvia Vegetable-based Inks Market - Opportunity Assessment |
9.1 Latvia Vegetable-based Inks Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Vegetable-based Inks Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Vegetable-based Inks Market - Competitive Landscape |
10.1 Latvia Vegetable-based Inks Market Revenue Share, By Companies, 2024 |
10.2 Latvia Vegetable-based Inks 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.
To discover high-growth global markets and optimize your business strategy:
Click Here