| Product Code: ETC7924076 | 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 Latvia vertical packaging machine import market saw a decline in growth from 2023 to 2024, with a significant -30.0% decrease in the growth rate. Despite this, the market remained competitive with a low concentration level, as indicated by the Herfindahl-Hirschman Index (HHI). Top exporting countries to Latvia in 2024 included Germany, Lithuania, Italy, China, and Estonia, showcasing a diverse range of sources for these essential machines. The negative compound annual growth rate (CAGR) from 2020 to 2024 at -6.14% highlights the challenges faced by the industry, reflecting a need for strategic interventions to revitalize the market.

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 Vertical Packaging Machine Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Vertical Packaging Machine Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Vertical Packaging Machine Market - Industry Life Cycle |
3.4 Latvia Vertical Packaging Machine Market - Porter's Five Forces |
3.5 Latvia Vertical Packaging Machine Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Vertical Packaging Machine Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Vertical Packaging Machine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for convenient and efficient packaging solutions in the food and beverage industry |
4.2.2 Technological advancements leading to more automated and customizable packaging solutions |
4.2.3 Growing need for sustainable packaging options driving the adoption of vertical packaging machines |
4.3 Market Restraints |
4.3.1 High initial investment costs for acquiring and installing vertical packaging machines |
4.3.2 Lack of skilled labor for operating and maintaining these advanced machines |
4.3.3 Regulatory challenges and compliance requirements impacting the market growth |
5 Latvia Vertical Packaging Machine Market Trends |
6 Latvia Vertical Packaging Machine Market, By Types |
6.1 Latvia Vertical Packaging Machine Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Vertical Packaging Machine Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Vertical Packaging Machine Market Revenues & Volume, By Powder Vertical Packaging Machine, 2021- 2031F |
6.1.4 Latvia Vertical Packaging Machine Market Revenues & Volume, By Liquid Vertical Packaging Machine, 2021- 2031F |
6.1.5 Latvia Vertical Packaging Machine Market Revenues & Volume, By Solid Vertical Packaging Machine, 2021- 2031F |
6.2 Latvia Vertical Packaging Machine Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Vertical Packaging Machine Market Revenues & Volume, By Food and Beverage, 2021- 2031F |
6.2.3 Latvia Vertical Packaging Machine Market Revenues & Volume, By Medicine, 2021- 2031F |
7 Latvia Vertical Packaging Machine Market Import-Export Trade Statistics |
7.1 Latvia Vertical Packaging Machine Market Export to Major Countries |
7.2 Latvia Vertical Packaging Machine Market Imports from Major Countries |
8 Latvia Vertical Packaging Machine Market Key Performance Indicators |
8.1 Average machine uptime percentage |
8.2 Percentage of repeat customers for vertical packaging machine manufacturers |
8.3 Rate of new product introductions using vertical packaging machines |
8.4 Energy efficiency improvements in vertical packaging machines |
8.5 Customer satisfaction scores for after-sales services and support |
9 Latvia Vertical Packaging Machine Market - Opportunity Assessment |
9.1 Latvia Vertical Packaging Machine Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Vertical Packaging Machine Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Vertical Packaging Machine Market - Competitive Landscape |
10.1 Latvia Vertical Packaging Machine Market Revenue Share, By Companies, 2024 |
10.2 Latvia Vertical Packaging Machine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |