| Product Code: ETC11298613 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Latvia saw an increase in water-based inks import shipments, with top exporters being Finland, Netherlands, Germany, Lithuania, and Poland. Despite the low concentration indicated by the Herfindahl-Hirschman Index (HHI), the market experienced a slight decline in compound annual growth rate (CAGR) from 2020 to 2024. However, the impressive growth rate in 2024 suggests a potential upturn in demand for water-based inks in Latvia. This indicates a positive trend for the industry, with opportunities for further expansion and development in 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 Water-Based Inks Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Water-Based Inks Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Water-Based Inks Market - Industry Life Cycle |
3.4 Latvia Water-Based Inks Market - Porter's Five Forces |
3.5 Latvia Water-Based Inks Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Water-Based Inks Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.7 Latvia Water-Based Inks Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Latvia Water-Based Inks Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Water-Based Inks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing environmental concerns leading to a shift towards eco-friendly products |
4.2.2 Growing demand for water-based inks due to their low VOC emissions |
4.2.3 Government regulations promoting the use of sustainable inks |
4.3 Market Restraints |
4.3.1 Higher initial costs compared to conventional solvent-based inks |
4.3.2 Limited color options and substrate compatibility |
4.3.3 Technical challenges in achieving desired print quality and durability |
5 Latvia Water-Based Inks Market Trends |
6 Latvia Water-Based Inks Market, By Types |
6.1 Latvia Water-Based Inks Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Water-Based Inks Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Water-Based Inks Market Revenues & Volume, By Flexographic Inks, 2021 - 2031F |
6.1.4 Latvia Water-Based Inks Market Revenues & Volume, By Gravure Inks, 2021 - 2031F |
6.1.5 Latvia Water-Based Inks Market Revenues & Volume, By Digital Inks, 2021 - 2031F |
6.1.6 Latvia Water-Based Inks Market Revenues & Volume, By Screen Printing Inks, 2021 - 2031F |
6.1.7 Latvia Water-Based Inks Market Revenues & Volume, By Offset Inks, 2021 - 2031F |
6.2 Latvia Water-Based Inks Market, By Resin Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Water-Based Inks Market Revenues & Volume, By Acrylic, 2021 - 2031F |
6.2.3 Latvia Water-Based Inks Market Revenues & Volume, By Polyurethane, 2021 - 2031F |
6.2.4 Latvia Water-Based Inks Market Revenues & Volume, By Styrene Acrylic, 2021 - 2031F |
6.2.5 Latvia Water-Based Inks Market Revenues & Volume, By Hybrid Resin, 2021 - 2031F |
6.2.6 Latvia Water-Based Inks Market Revenues & Volume, By Modified Cellulose, 2021 - 2031F |
6.3 Latvia Water-Based Inks Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Water-Based Inks Market Revenues & Volume, By Packaging Industry, 2021 - 2031F |
6.3.3 Latvia Water-Based Inks Market Revenues & Volume, By Textiles, 2021 - 2031F |
6.3.4 Latvia Water-Based Inks Market Revenues & Volume, By Commercial Printing, 2021 - 2031F |
6.3.5 Latvia Water-Based Inks Market Revenues & Volume, By Advertising, 2021 - 2031F |
6.3.6 Latvia Water-Based Inks Market Revenues & Volume, By Books & Publishing, 2021 - 2031F |
6.4 Latvia Water-Based Inks Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia Water-Based Inks Market Revenues & Volume, By Printing on Cartons, 2021 - 2031F |
6.4.3 Latvia Water-Based Inks Market Revenues & Volume, By Fabric Printing, 2021 - 2031F |
6.4.4 Latvia Water-Based Inks Market Revenues & Volume, By Magazines & Brochures, 2021 - 2031F |
6.4.5 Latvia Water-Based Inks Market Revenues & Volume, By Billboard Printing, 2021 - 2031F |
6.4.6 Latvia Water-Based Inks Market Revenues & Volume, By Sustainable Printing, 2021 - 2031F |
7 Latvia Water-Based Inks Market Import-Export Trade Statistics |
7.1 Latvia Water-Based Inks Market Export to Major Countries |
7.2 Latvia Water-Based Inks Market Imports from Major Countries |
8 Latvia Water-Based Inks Market Key Performance Indicators |
8.1 Percentage of companies adopting water-based inks in their printing processes |
8.2 Growth in research and development investment in water-based ink technologies |
8.3 Number of new product launches in the water-based inks segment |
8.4 Improvement in print quality and color reproduction capabilities |
8.5 Increase in market acceptance and awareness of water-based inks |
9 Latvia Water-Based Inks Market - Opportunity Assessment |
9.1 Latvia Water-Based Inks Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Water-Based Inks Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.3 Latvia Water-Based Inks Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Latvia Water-Based Inks Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Water-Based Inks Market - Competitive Landscape |
10.1 Latvia Water-Based Inks Market Revenue Share, By Companies, 2024 |
10.2 Latvia Water-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.
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