NAICS Code 326299-24 - Rubberbands (Manufacturing)
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NAICS Code 326299-24 Description (8-Digit)
Hierarchy Navigation for NAICS Code 326299-24
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Tools
Tools commonly used in the Rubberbands (Manufacturing) industry for day-to-day tasks and operations.
- Rubber extruder
- Rubber mixing mill
- Rubber cutting machine
- Rubber band winding machine
- Rubber band packaging machine
- Rubber band testing equipment
- Rubber band printing machine
- Rubber band slitting machine
- Rubber band punching machine
- Rubber band coating machine
Industry Examples of Rubberbands (Manufacturing)
Common products and services typical of NAICS Code 326299-24, illustrating the main business activities and contributions to the market.
- Stationery supplies
- Packaging materials
- Office supplies
- Shipping supplies
- Organizational products
- Craft supplies
- Household items
- School supplies
- Industrial supplies
- Medical supplies
Certifications, Compliance and Licenses for NAICS Code 326299-24 - Rubberbands (Manufacturing)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- ISO 9001: Quality management system certification that ensures the company meets customer and regulatory requirements. Provided by the International Organization for Standardization (ISO).
- ISO 14001: Environmental management system certification that ensures the company meets environmental regulations and reduces its environmental impact. Provided by the International Organization for Standardization (ISO).
- OSHA 1910.147: Lockout/Tagout certification that ensures the safety of employees working with machinery and equipment. Provided by the Occupational Safety and Health Administration (OSHA).
- FDA 21 CFR Part 177: Food and Drug Administration (FDA) certification that ensures the safety of rubber products used in food contact applications.
- ASTM D395: Standard test method for rubber property compression set. Provided by the American Society for Testing and Materials (ASTM).
History
A concise historical narrative of NAICS Code 326299-24 covering global milestones and recent developments within the United States.
- Rubber bands have been around since the mid-19th century, but it wasn't until the late 1800s that the manufacturing process was perfected. In 1845, Stephen Perry of London patented the first rubber band made from vulcanized rubber. In 1901, William Spencer of the United States patented the first machine for making rubber bands. The industry grew rapidly in the early 20th century, with the introduction of new materials and manufacturing techniques. During World War II, rubber bands were used extensively by the military, which helped to further increase demand. In recent years, the industry has faced challenges due to increased competition from overseas manufacturers and the rise of digital communication, which has reduced the need for paper-based products that often require rubber bands for organization and storage.
Future Outlook for Rubberbands (Manufacturing)
The anticipated future trajectory of the NAICS 326299-24 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The future outlook for the Rubberbands (Manufacturing) industry in the USA is positive. The industry is expected to grow at a steady pace due to the increasing demand for rubber bands in various sectors such as agriculture, healthcare, and packaging. The growing e-commerce industry is also expected to drive the demand for rubber bands as they are widely used for packaging and shipping purposes. Additionally, the industry is expected to benefit from the increasing popularity of eco-friendly and sustainable products, as rubber bands are a biodegradable and reusable alternative to plastic bands. However, the industry may face challenges such as the volatility of raw material prices and the increasing competition from substitute products. Overall, the industry is expected to grow steadily in the coming years.
Industry Innovations for NAICS Code 326299-24
Recent groundbreaking advancements and milestones in the Rubberbands (Manufacturing) industry, reflecting notable innovations that have reshaped its landscape.
- Biodegradable Rubber Bands: These rubber bands are made from natural rubber and are biodegradable, making them an eco-friendly alternative to traditional rubber bands.
- Silicone Rubber Bands: These rubber bands are made from silicone and are heat-resistant, making them suitable for use in high-temperature environments.
- Colored Rubber Bands: Manufacturers are now producing rubber bands in a wide range of colors, making them more attractive and appealing to consumers.
- Customized Rubber Bands: Manufacturers are now offering customized rubber bands with logos and designs, making them a popular promotional item for businesses.
- Anti-Allergenic Rubber Bands: These rubber bands are made from hypoallergenic materials and are suitable for people with latex allergies.
NAICS Code 326299-24 - Rubberbands (Manufacturing)
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