| Product Code: ETC7907234 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s import of cellulose bioplastic in 2024 saw China, Finland, Slovakia, Lithuania, and Estonia as the top exporting countries. The market remained highly concentrated with a high Herfindahl-Hirschman Index (HHI) in 2024. Despite a significant negative compound annual growth rate (CAGR) of -36.88% from 2020 to 2024, there was a slight improvement in the growth rate from 2023 to 2024, which was -27.25%. This data suggests a challenging market environment for cellulose bioplastics in Latvia, highlighting the need for strategic adjustments and innovations in the industry.

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 Cellulose Bioplastic Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Cellulose Bioplastic Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Cellulose Bioplastic Market - Industry Life Cycle |
3.4 Latvia Cellulose Bioplastic Market - Porter's Five Forces |
3.5 Latvia Cellulose Bioplastic Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Latvia Cellulose Bioplastic Market Revenues & Volume Share, By Product, 2021 & 2031F |
4 Latvia Cellulose Bioplastic Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about environmental issues and the need for sustainable alternatives. |
4.2.2 Government regulations promoting the use of biodegradable materials. |
4.2.3 Growing demand for eco-friendly packaging solutions in various industries. |
4.3 Market Restraints |
4.3.1 High production costs compared to traditional plastic materials. |
4.3.2 Limited availability of raw materials for cellulose bioplastics. |
4.3.3 Lack of standardized testing methods and certifications for cellulose bioplastics. |
5 Latvia Cellulose Bioplastic Market Trends |
6 Latvia Cellulose Bioplastic Market, By Types |
6.1 Latvia Cellulose Bioplastic Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Cellulose Bioplastic Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Latvia Cellulose Bioplastic Market Revenues & Volume, By Packaging, 2021- 2031F |
6.1.4 Latvia Cellulose Bioplastic Market Revenues & Volume, By Agriculture, 2021- 2031F |
6.1.5 Latvia Cellulose Bioplastic Market Revenues & Volume, By Consumer goods, 2021- 2031F |
6.1.6 Latvia Cellulose Bioplastic Market Revenues & Volume, By Textile, 2021- 2031F |
6.1.7 Latvia Cellulose Bioplastic Market Revenues & Volume, By Automotive & Transportation, 2021- 2031F |
6.1.8 Latvia Cellulose Bioplastic Market Revenues & Volume, By Building & Construction, 2021- 2031F |
6.2 Latvia Cellulose Bioplastic Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Latvia Cellulose Bioplastic Market Revenues & Volume, By Cellulose Butyrate, 2021- 2031F |
6.2.3 Latvia Cellulose Bioplastic Market Revenues & Volume, By Cellulose Acetate, 2021- 2031F |
6.2.4 Latvia Cellulose Bioplastic Market Revenues & Volume, By Cellulose Propionate, 2021- 2031F |
6.2.5 Latvia Cellulose Bioplastic Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Cellulose Bioplastic Market Import-Export Trade Statistics |
7.1 Latvia Cellulose Bioplastic Market Export to Major Countries |
7.2 Latvia Cellulose Bioplastic Market Imports from Major Countries |
8 Latvia Cellulose Bioplastic Market Key Performance Indicators |
8.1 Percentage of companies adopting cellulose bioplastic packaging solutions. |
8.2 Growth in research and development investments in cellulose bioplastic technology. |
8.3 Number of partnerships between cellulose bioplastic manufacturers and key industries for product development. |
9 Latvia Cellulose Bioplastic Market - Opportunity Assessment |
9.1 Latvia Cellulose Bioplastic Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Latvia Cellulose Bioplastic Market Opportunity Assessment, By Product, 2021 & 2031F |
10 Latvia Cellulose Bioplastic Market - Competitive Landscape |
10.1 Latvia Cellulose Bioplastic Market Revenue Share, By Companies, 2024 |
10.2 Latvia Cellulose Bioplastic 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