Latvia Wrapping Machine Market (2025-2031) | Trends, Outlook, Companies, Industry, Share, Forecast, Size & Revenue, Growth, Analysis, Value, Segmentation, Competitive Landscape

Market Forecast By Machine Type (Stretch, Shrink, Others), By Mode of Operation (Automatic, Semi-automatic), By Application (Beverages, Food, Chemicals, Personal Care, Pharmaceuticals, Others) And Competitive Landscape
Product Code: ETC7924919 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

Latvia Wrapping Machine Market Top 5 Importing Countries and Market Competition (HHI) Analysis

The market for wrapping machine imports in Latvia saw a decline in 2024, with a negative CAGR of -6.14% from 2020 to 2024. Despite this, the top countries exporting to Latvia remained consistent, with Germany, Lithuania, Italy, China, and Estonia leading the pack. The Herfindahl-Hirschman Index (HHI) indicated low concentration in both 2023 and 2024. However, the growth rate from 2023 to 2024 experienced a significant drop of -30.0%. This suggests a challenging environment for wrapping machine imports in Latvia, reflecting broader economic trends impacting the industry.

Latvia Wrapping Machine Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Latvia Wrapping Machine Market Outlook
  • Market Size of Latvia Wrapping Machine Market, 2024
  • Forecast of Latvia Wrapping Machine Market, 2031
  • Historical Data and Forecast of Latvia Wrapping Machine Revenues & Volume for the Period 2021- 2031
  • Latvia Wrapping Machine Market Trend Evolution
  • Latvia Wrapping Machine Market Drivers and Challenges
  • Latvia Wrapping Machine Price Trends
  • Latvia Wrapping Machine Porter's Five Forces
  • Latvia Wrapping Machine Industry Life Cycle
  • Historical Data and Forecast of Latvia Wrapping Machine Market Revenues & Volume By Machine Type for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Wrapping Machine Market Revenues & Volume By Stretch for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Wrapping Machine Market Revenues & Volume By Shrink for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Wrapping Machine Market Revenues & Volume By Others for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Wrapping Machine Market Revenues & Volume By Mode of Operation for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Wrapping Machine Market Revenues & Volume By Automatic for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Wrapping Machine Market Revenues & Volume By Semi-automatic for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Wrapping Machine Market Revenues & Volume By Application for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Wrapping Machine Market Revenues & Volume By Beverages for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Wrapping Machine Market Revenues & Volume By Food for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Wrapping Machine Market Revenues & Volume By Chemicals for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Wrapping Machine Market Revenues & Volume By Personal Care for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Wrapping Machine Market Revenues & Volume By Pharmaceuticals for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Wrapping Machine Market Revenues & Volume By Others for the Period 2021- 2031
  • Latvia Wrapping Machine Import Export Trade Statistics
  • Market Opportunity Assessment By Machine Type
  • Market Opportunity Assessment By Mode of Operation
  • Market Opportunity Assessment By Application
  • Latvia Wrapping Machine Top Companies Market Share
  • Latvia Wrapping Machine Competitive Benchmarking By Technical and Operational Parameters
  • Latvia Wrapping Machine Company Profiles
  • Latvia Wrapping Machine Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Latvia Wrapping Machine Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latvia Wrapping Machine Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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 Wrapping Machine Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Wrapping Machine Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Wrapping Machine Market - Industry Life Cycle

3.4 Latvia Wrapping Machine Market - Porter's Five Forces

3.5 Latvia Wrapping Machine Market Revenues & Volume Share, By Machine Type, 2021 & 2031F

3.6 Latvia Wrapping Machine Market Revenues & Volume Share, By Mode of Operation, 2021 & 2031F

3.7 Latvia Wrapping Machine Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Latvia Wrapping Machine Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for automation in packaging industry

4.2.2 Growing focus on improving packaging efficiency and reducing waste

4.2.3 Technological advancements leading to the development of more efficient and versatile wrapping machines

4.3 Market Restraints

4.3.1 High initial investment and maintenance costs of wrapping machines

4.3.2 Lack of skilled labor to operate and maintain advanced wrapping machines

4.3.3 Regulatory requirements and compliance standards impacting the adoption of new wrapping technologies

5 Latvia Wrapping Machine Market Trends

6 Latvia Wrapping Machine Market, By Types

6.1 Latvia Wrapping Machine Market, By Machine Type

6.1.1 Overview and Analysis

6.1.2 Latvia Wrapping Machine Market Revenues & Volume, By Machine Type, 2021- 2031F

6.1.3 Latvia Wrapping Machine Market Revenues & Volume, By Stretch, 2021- 2031F

6.1.4 Latvia Wrapping Machine Market Revenues & Volume, By Shrink, 2021- 2031F

6.1.5 Latvia Wrapping Machine Market Revenues & Volume, By Others, 2021- 2031F

6.2 Latvia Wrapping Machine Market, By Mode of Operation

6.2.1 Overview and Analysis

6.2.2 Latvia Wrapping Machine Market Revenues & Volume, By Automatic, 2021- 2031F

6.2.3 Latvia Wrapping Machine Market Revenues & Volume, By Semi-automatic, 2021- 2031F

6.3 Latvia Wrapping Machine Market, By Application

6.3.1 Overview and Analysis

6.3.2 Latvia Wrapping Machine Market Revenues & Volume, By Beverages, 2021- 2031F

6.3.3 Latvia Wrapping Machine Market Revenues & Volume, By Food, 2021- 2031F

6.3.4 Latvia Wrapping Machine Market Revenues & Volume, By Chemicals, 2021- 2031F

6.3.5 Latvia Wrapping Machine Market Revenues & Volume, By Personal Care, 2021- 2031F

6.3.6 Latvia Wrapping Machine Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F

6.3.7 Latvia Wrapping Machine Market Revenues & Volume, By Others, 2021- 2031F

7 Latvia Wrapping Machine Market Import-Export Trade Statistics

7.1 Latvia Wrapping Machine Market Export to Major Countries

7.2 Latvia Wrapping Machine Market Imports from Major Countries

8 Latvia Wrapping Machine Market Key Performance Indicators

8.1 Percentage increase in the adoption of automated wrapping machines

8.2 Reduction in packaging waste per unit produced

8.3 Increase in overall packaging efficiency

8.4 Number of training programs conducted to upskill employees in operating wrapping machines

8.5 Compliance rate with packaging regulations and standards

9 Latvia Wrapping Machine Market - Opportunity Assessment

9.1 Latvia Wrapping Machine Market Opportunity Assessment, By Machine Type, 2021 & 2031F

9.2 Latvia Wrapping Machine Market Opportunity Assessment, By Mode of Operation, 2021 & 2031F

9.3 Latvia Wrapping Machine Market Opportunity Assessment, By Application, 2021 & 2031F

10 Latvia Wrapping Machine Market - Competitive Landscape

10.1 Latvia Wrapping Machine Market Revenue Share, By Companies, 2024

10.2 Latvia Wrapping Machine Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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