Tools commonly used in the Women's Handbags & Purses (Manufacturing) industry for day-to-day tasks and operations.

• Leather cutting machine
• Sewing machine
• Embroidery machine
• Leather skiving machine
• Rivet press
• Eyelet punch
• Leather edge beveler
• Leather edge creaser
• Leather edge paint roller
• Leather hole punch

Common products and services typical of NAICS Code 316990-02, illustrating the main business activities and contributions to the market.

• Tote bags
• Clutch purses
• Shoulder bags
• Crossbody bags
• Satchel bags
• Hobo bags
• Backpack purses
• Wristlet purses
• Bucket bags
• Messenger bags

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Fair Trade Certification: This certification ensures that the products are made in a socially and environmentally responsible manner. Fair Trade USA provides this certification.
• Leather Working Group Certification: This certification ensures that the leather used in the products is produced in an environmentally responsible manner. Leather Working Group provides this certification.
• Global Organic Textile Standard (GOTS): This certification ensures that the products are made from organic materials and are produced in an environmentally and socially responsible manner. Control Union Certifications provides this certification.
• ISO 9001: This certification ensures that the company has a quality management system in place to ensure consistent quality of products and services. International Organization for Standardization provides this certification.
• ISO 14001: This certification ensures that the company has an environmental management system in place to minimize the environmental impact of its operations. International Organization for Standardization provides this certification.

A concise historical narrative of NAICS Code 316990-02 covering global milestones and recent developments within the United States.

• The history of the Women's Handbags & Purses (Manufacturing) industry dates back to the 16th century when women started carrying small bags called "pockets" to hold their personal belongings. In the 19th century, handbags became more popular and were made from materials such as leather, silk, and velvet. The first designer handbag was created in 1929 by Coco Chanel, which was a black leather shoulder bag with a chain strap. In the 1950s, the handbag industry experienced a boom due to the rise of the fashion industry and the introduction of new materials such as plastic and nylon. In recent years, the industry has seen a shift towards sustainable and ethical production methods, with many companies using eco-friendly materials and fair labor practices. In the United States, the Women's Handbags & Purses (Manufacturing) industry has a long history dating back to the 19th century. In the early 1900s, handbags were primarily made by small, family-owned businesses. In the 1920s, the industry experienced a boom due to the popularity of flapper fashion and the introduction of new materials such as Bakelite and Lucite. In the 1950s and 1960s, the industry saw a shift towards mass production and the use of synthetic materials. In recent years, the industry has faced challenges due to the rise of e-commerce and changing consumer preferences. However, many companies have adapted by focusing on sustainable and ethical production methods and offering unique, high-quality products.

The anticipated future trajectory of the NAICS 316990-02 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The future outlook for the Women's Handbags & Purses (Manufacturing) industry in the USA is positive. The industry is expected to grow due to the increasing demand for handbags and purses, especially from the millennial and Gen Z demographics. The rise of e-commerce and social media has also contributed to the growth of the industry, as it has made it easier for consumers to discover and purchase new products. Additionally, the industry is expected to benefit from the increasing focus on sustainability and ethical production practices, as consumers are becoming more conscious of the environmental impact of their purchases. However, the industry may face challenges due to the ongoing COVID-19 pandemic, which has disrupted supply chains and reduced consumer spending. Overall, the Women's Handbags & Purses (Manufacturing) industry is expected to continue growing in the coming years, driven by changing consumer preferences and technological advancements.

Recent groundbreaking advancements and milestones in the Women's Handbags & Purses (Manufacturing) industry, reflecting notable innovations that have reshaped its landscape.

• Smart Handbags: These handbags are equipped with technology that allows them to connect to smartphones and other devices, providing features such as GPS tracking, wireless charging, and notifications. This innovation has made handbags more functional and convenient for consumers.
• Sustainable Materials: Many companies in the Women's Handbags & Purses (Manufacturing) industry are now using sustainable materials such as recycled plastic, organic cotton, and vegan leather. This innovation has helped to reduce the environmental impact of the industry and appeal to consumers who are concerned about sustainability.
• Customization: Some companies are now offering customization options for handbags and purses, allowing consumers to choose the color, material, and design of their products. This innovation has made handbags more personalized and unique for consumers.
• 3D Printing: Some companies are now using 3D printing technology to create handbags and purses, allowing for more precise and intricate designs. This innovation has also helped to reduce waste and improve production efficiency.
• Augmented Reality: Some companies are now using augmented reality technology to allow consumers to try on handbags virtually before making a purchase. This innovation has made online shopping more interactive and engaging for consumers.