| Product Code: ETC7924451 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia continues to see a steady flow of water-based packaging adhesives imports, with top exporters being Estonia, Poland, Lithuania, Germany, and Sweden in 2024. Despite high concentration with a high Herfindahl-Hirschman Index (HHI), the market has shown robust growth with a Compound Annual Growth Rate (CAGR) of 8.98% from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024 at -6.54%. This data suggests a competitive market landscape in Latvia for water-based packaging adhesives, with opportunities for further expansion and innovation.

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 Packaging Adhesives Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Water Based Packaging Adhesives Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Water Based Packaging Adhesives Market - Industry Life Cycle |
3.4 Latvia Water Based Packaging Adhesives Market - Porter's Five Forces |
3.5 Latvia Water Based Packaging Adhesives Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Water Based Packaging Adhesives Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Water Based Packaging Adhesives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for sustainable packaging solutions |
4.2.2 Stringent regulations promoting the use of eco-friendly adhesives |
4.2.3 Growing focus on reducing carbon footprint in packaging industry |
4.3 Market Restraints |
4.3.1 High initial investment required for switching to water-based adhesives |
4.3.2 Limited availability of advanced technology in the region |
4.3.3 Concerns regarding the performance and durability of water-based adhesives compared to solvent-based ones |
5 Latvia Water Based Packaging Adhesives Market Trends |
6 Latvia Water Based Packaging Adhesives Market, By Types |
6.1 Latvia Water Based Packaging Adhesives Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Water Based Packaging Adhesives Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Water Based Packaging Adhesives Market Revenues & Volume, By Acrylic, 2021- 2031F |
6.1.4 Latvia Water Based Packaging Adhesives Market Revenues & Volume, By Epoxy, 2021- 2031F |
6.1.5 Latvia Water Based Packaging Adhesives Market Revenues & Volume, By Polyurethane, 2021- 2031F |
6.1.6 Latvia Water Based Packaging Adhesives Market Revenues & Volume, By Silicone, 2021- 2031F |
6.1.7 Latvia Water Based Packaging Adhesives Market Revenues & Volume, By Other, 2021- 2031F |
6.2 Latvia Water Based Packaging Adhesives Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Water Based Packaging Adhesives Market Revenues & Volume, By Case & Carton, 2021- 2031F |
6.2.3 Latvia Water Based Packaging Adhesives Market Revenues & Volume, By Corrugated Packaging, 2021- 2031F |
6.2.4 Latvia Water Based Packaging Adhesives Market Revenues & Volume, By Specialty Packaging, 2021- 2031F |
6.2.5 Latvia Water Based Packaging Adhesives Market Revenues & Volume, By Folding Cartons, 2021- 2031F |
6.2.6 Latvia Water Based Packaging Adhesives Market Revenues & Volume, By Labeling, 2021- 2031F |
6.2.7 Latvia Water Based Packaging Adhesives Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Water Based Packaging Adhesives Market Import-Export Trade Statistics |
7.1 Latvia Water Based Packaging Adhesives Market Export to Major Countries |
7.2 Latvia Water Based Packaging Adhesives Market Imports from Major Countries |
8 Latvia Water Based Packaging Adhesives Market Key Performance Indicators |
8.1 Percentage of companies adopting water-based adhesives in their packaging processes |
8.2 Number of new product launches in the water-based packaging adhesives segment |
8.3 Environmental certifications obtained by manufacturers for their water-based adhesive products |
9 Latvia Water Based Packaging Adhesives Market - Opportunity Assessment |
9.1 Latvia Water Based Packaging Adhesives Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Water Based Packaging Adhesives Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Water Based Packaging Adhesives Market - Competitive Landscape |
10.1 Latvia Water Based Packaging Adhesives Market Revenue Share, By Companies, 2024 |
10.2 Latvia Water Based Packaging Adhesives 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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