| Product Code: ETC7921322 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia saw a diverse range of import shipments for shrink sleeves in 2024, with top exporting countries being Lithuania, Poland, Turkey, Spain, and the Netherlands. Despite moderate concentration indicated by the Herfindahl-Hirschman Index (HHI), the market experienced a slight decline with a CAGR of -1.43% from 2020 to 2024. However, there was a promising growth rate of 4.9% from 2023 to 2024, indicating potential opportunities for the future of the shrink sleeves market 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 Shrink Sleeves Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Shrink Sleeves Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Shrink Sleeves Market - Industry Life Cycle |
3.4 Latvia Shrink Sleeves Market - Porter's Five Forces |
3.5 Latvia Shrink Sleeves Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.6 Latvia Shrink Sleeves Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Latvia Shrink Sleeves Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for sustainable packaging solutions |
4.2.2 Increase in the beverage and food packaging industry |
4.2.3 Technological advancements in printing and labeling technologies |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Intense competition from alternative packaging solutions |
4.3.3 Stringent regulations regarding packaging materials and recycling |
5 Latvia Shrink Sleeves Market Trends |
6 Latvia Shrink Sleeves Market, By Types |
6.1 Latvia Shrink Sleeves Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 Latvia Shrink Sleeves Market Revenues & Volume, By Material, 2021- 2031F |
6.1.3 Latvia Shrink Sleeves Market Revenues & Volume, By Polyvinyl Chloride (PVC), 2021- 2031F |
6.1.4 Latvia Shrink Sleeves Market Revenues & Volume, By Polyethylene Terephthalate (PET), 2021- 2031F |
6.1.5 Latvia Shrink Sleeves Market Revenues & Volume, By Polyethylene (PE), 2021- 2031F |
6.1.6 Latvia Shrink Sleeves Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Shrink Sleeves Market, By End-user Industry |
6.2.1 Overview and Analysis |
6.2.2 Latvia Shrink Sleeves Market Revenues & Volume, By Beverage, 2021- 2031F |
6.2.3 Latvia Shrink Sleeves Market Revenues & Volume, By Food, 2021- 2031F |
6.2.4 Latvia Shrink Sleeves Market Revenues & Volume, By Cosmetics and Toiletries, 2021- 2031F |
6.2.5 Latvia Shrink Sleeves Market Revenues & Volume, By Household Chemicals, 2021- 2031F |
6.2.6 Latvia Shrink Sleeves Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Shrink Sleeves Market Import-Export Trade Statistics |
7.1 Latvia Shrink Sleeves Market Export to Major Countries |
7.2 Latvia Shrink Sleeves Market Imports from Major Countries |
8 Latvia Shrink Sleeves Market Key Performance Indicators |
8.1 Adoption rate of eco-friendly shrink sleeve materials |
8.2 Number of new product launches utilizing shrink sleeves |
8.3 Investment in research and development for innovative shrink sleeve technologies |
9 Latvia Shrink Sleeves Market - Opportunity Assessment |
9.1 Latvia Shrink Sleeves Market Opportunity Assessment, By Material, 2021 & 2031F |
9.2 Latvia Shrink Sleeves Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Latvia Shrink Sleeves Market - Competitive Landscape |
10.1 Latvia Shrink Sleeves Market Revenue Share, By Companies, 2024 |
10.2 Latvia Shrink Sleeves 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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