| Product Code: ETC4650665 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia`s import of packaging bags in 2024 saw a steady growth trajectory, with key suppliers including Poland, Lithuania, Estonia, Germany, and Denmark. The market remained competitive with low concentration levels indicated by the Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 was a robust 7.53%, showcasing a resilient market demand. Furthermore, the growth rate in 2024 alone stood at 3.48%, underlining the continuous expansion and opportunities present in the packaging bags import sector in Latvia.

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 Packaging Bags Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Packaging Bags Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Packaging Bags Market - Industry Life Cycle |
3.4 Latvia Packaging Bags Market - Porter's Five Forces |
3.5 Latvia Packaging Bags Market Revenues & Volume Share Segmentations, 2021 & 2031F |
3.6 Latvia Packaging Bags Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Latvia Packaging Bags Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for sustainable and eco-friendly packaging solutions |
4.2.2 Growth in the e-commerce industry leading to higher demand for packaging bags |
4.2.3 Innovation in packaging materials and designs |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Stringent regulations on plastic usage and waste management |
4.3.3 Competition from alternative packaging solutions such as reusable bags |
5 Latvia Packaging Bags Market Trends |
6 Latvia Packaging Bags Market Segmentations |
6.1 Latvia Packaging Bags Market Segmentations |
6.1.1 Overview and Analysis |
6.1.2 Latvia Packaging Bags Market Revenues & Volume, By Plastic Bags, 2021-2031F |
6.1.3 Latvia Packaging Bags Market Revenues & Volume, By Paper Bags, 2021-2031F |
6.1.4 Latvia Packaging Bags Market Revenues & Volume, By Side Gusset Bags, 2021-2031F |
6.1.5 Latvia Packaging Bags Market Revenues & Volume, By Non-woven Bags, 2021-2031F |
6.2 Latvia Packaging Bags Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Latvia Packaging Bags Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.2.3 Latvia Packaging Bags Market Revenues & Volume, By Industrial Packaging, 2021-2031F |
6.2.4 Latvia Packaging Bags Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.2.5 Latvia Packaging Bags Market Revenues & Volume, By Personal & Household Care, 2021-2031F |
6.2.6 Latvia Packaging Bags Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Packaging Bags Market Import-Export Trade Statistics |
7.1 Latvia Packaging Bags Market Export to Major Countries |
7.2 Latvia Packaging Bags Market Imports from Major Countries |
8 Latvia Packaging Bags Market Key Performance Indicators |
8.1 Percentage of recycled materials used in packaging bags |
8.2 Number of e-commerce transactions in Latvia |
8.3 Rate of adoption of biodegradable packaging solutions |
9 Latvia Packaging Bags Market - Opportunity Assessment |
9.1 Latvia Packaging Bags Market Opportunity Assessment Segmentations, 2021 & 2031F |
9.2 Latvia Packaging Bags Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Latvia Packaging Bags Market - Competitive Landscape |
10.1 Latvia Packaging Bags Market Revenue Share, By Companies, 2024 |
10.2 Latvia Packaging Bags 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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