Correx Trays Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (with Lid, Open Top, Tote Trays) By Layers (Single Wall, Double Wall, Triple Wall) By Thickness ( Upto 3.5mm, 3.5mm to 5mm, 5mm to 7mm and 7mm above) By Material Type ( Polypropylene (PP), High Density Polypropylene (HDPE), Polyethylene Terephthalate (PET), Polycarbonate (PC), Polypropylene Carbonate (PPC)) By End User (Pharmaceuticals, Logistics & Transportation, Medical & Healthcare, Automobile, Food & Beverages, Electrical & Electronics, Cosmetics & Personal care and others) And By Region

Correx Trays  Market size was valued at US$ x billion in 2022 and is poised to grow at a CAGR of x% from 2023-2029. Correx Trays are low-particle corrugated plastic trays and Lids that are mostly utilized for the packing and secured transportation of vials and ampoules. Correx trays are wining huge popularity across the transportation & logistics sectors, because of their high durability, versatile usage, and high resistance against moisture, chemicals, uv rays, and other outsourcing factors. In addition to this, due to their ability to provide maximum safety during material handling, these trays are becoming as a profusion application for packaging products such as cold drinks glass bottles, and other frangible products. This results in a rapid expansion of the retail sector and an accordingly growing number of hypermarkets, supermarkets, individual stores, and other markets across the globe and is expected to create lucrative growth opportunities in the global correx trays market. For instance, Due to the emergence of infectious diseases such as COVID-19, Ebola and others, numerous medical and pharmaceutical companies are increasingly investing in research & development activities for finding effective rehabilitation for storage of scarce medical and novel medications.

Correx trays are predominantly used for storage, handling, and transporting of DNA samples, blood samples, and others, further used for the separation of test tubes filled with body fluids of patients across medical laboratories and healthcare spaces. This is expected to fuel the growth of the global correx trays market. The restraining factor which is hindering the growth of the global correx tray market is the restriction up on the use of plastics such as polycarbonate, polypropylene carbonate, polypropylene, and other poly carbonate products by the government and environmental organizations. Adding on, as there in a very high incline in the usage of wood based, paper based products in the world, this is leading to a decline in the demand for correx trays products. Apart from these as the products are used in huge amounts by packaging and many other industrial verticals these will lead in creating huge growth for the global correx trays market during the forecast period.