| Product Code: ETC7917876 | 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 |
The import shipments of recyclable packaging to Latvia in 2024 have been primarily sourced from neighboring countries such as Lithuania, Poland, Estonia, as well as Germany and Denmark. With a low Herfindahl-Hirschman Index (HHI) indicating a competitive market, the industry shows a steady growth trend with a Compound Annual Growth Rate (CAGR) of 5.73% from 2020 to 2024. The growth rate for 2023-24 is recorded at 2.23%, reflecting a positive outlook for the recyclable packaging 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 Recyclable Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Packaging Recyclable Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Packaging Recyclable Market - Industry Life Cycle |
3.4 Latvia Packaging Recyclable Market - Porter's Five Forces |
3.5 Latvia Packaging Recyclable Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.6 Latvia Packaging Recyclable Market Revenues & Volume Share, By Packaging Type, 2021 & 2031F |
3.7 Latvia Packaging Recyclable Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
4 Latvia Packaging Recyclable Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness and concern for environmental sustainability |
4.2.2 Government regulations promoting recycling and sustainable packaging practices |
4.2.3 Growing consumer demand for eco-friendly packaging solutions |
4.3 Market Restraints |
4.3.1 High initial investment required for setting up recycling infrastructure |
4.3.2 Limited availability of recycling facilities and technology |
4.3.3 Lack of standardized regulations for packaging recyclability |
5 Latvia Packaging Recyclable Market Trends |
6 Latvia Packaging Recyclable Market, By Types |
6.1 Latvia Packaging Recyclable Market, By Material Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Packaging Recyclable Market Revenues & Volume, By Material Type, 2021- 2031F |
6.1.3 Latvia Packaging Recyclable Market Revenues & Volume, By Glass, 2021- 2031F |
6.1.4 Latvia Packaging Recyclable Market Revenues & Volume, By Paper, 2021- 2031F |
6.1.5 Latvia Packaging Recyclable Market Revenues & Volume, By Plastic, 2021- 2031F |
6.1.6 Latvia Packaging Recyclable Market Revenues & Volume, By Tinplate, 2021- 2031F |
6.1.7 Latvia Packaging Recyclable Market Revenues & Volume, By Wood, 2021- 2031F |
6.1.8 Latvia Packaging Recyclable Market Revenues & Volume, By Aluminum, 2021- 2031F |
6.1.9 Latvia Packaging Recyclable Market Revenues & Volume, By Recycled Papers, 2021- 2031F |
6.1.10 Latvia Packaging Recyclable Market Revenues & Volume, By Recycled Papers, 2021- 2031F |
6.2 Latvia Packaging Recyclable Market, By Packaging Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Packaging Recyclable Market Revenues & Volume, By Paper & Cardboard, 2021- 2031F |
6.2.3 Latvia Packaging Recyclable Market Revenues & Volume, By Void Fill Packing, 2021- 2031F |
6.2.4 Latvia Packaging Recyclable Market Revenues & Volume, By Bubble Wrap and Pouches & Envelopes, 2021- 2031F |
6.3 Latvia Packaging Recyclable Market, By End-Use Industry |
6.3.1 Overview and Analysis |
6.3.2 Latvia Packaging Recyclable Market Revenues & Volume, By Healthcare Industry, 2021- 2031F |
6.3.3 Latvia Packaging Recyclable Market Revenues & Volume, By Personal Care & Cosmetics Industry, 2021- 2031F |
6.3.4 Latvia Packaging Recyclable Market Revenues & Volume, By Food & Beverages Industry, 2021- 2031F |
7 Latvia Packaging Recyclable Market Import-Export Trade Statistics |
7.1 Latvia Packaging Recyclable Market Export to Major Countries |
7.2 Latvia Packaging Recyclable Market Imports from Major Countries |
8 Latvia Packaging Recyclable Market Key Performance Indicators |
8.1 Percentage increase in the collection rate of recyclable packaging materials |
8.2 Reduction in the carbon footprint associated with packaging production and disposal |
8.3 Improvement in recycling efficiency and effectiveness |
8.4 Adoption rate of sustainable packaging materials by manufacturers |
8.5 Number of partnerships and collaborations for promoting packaging recyclability |
9 Latvia Packaging Recyclable Market - Opportunity Assessment |
9.1 Latvia Packaging Recyclable Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.2 Latvia Packaging Recyclable Market Opportunity Assessment, By Packaging Type, 2021 & 2031F |
9.3 Latvia Packaging Recyclable Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
10 Latvia Packaging Recyclable Market - Competitive Landscape |
10.1 Latvia Packaging Recyclable Market Revenue Share, By Companies, 2024 |
10.2 Latvia Packaging Recyclable 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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