NAICS Code 332999-05 - Foil & Foil Products (Manufacturing)

Marketing Level - NAICS 8-Digit

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Total Companies

21

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NAICS Code 332999-05 Description (8-Digit)

Foil & Foil Products (Manufacturing) is a subdivision of the NAICS Code 332999 that involves the production of various products made from foil, a thin sheet of metal. This industry includes the manufacturing of foil containers, trays, wraps, and other packaging materials. Foil & Foil Products (Manufacturing) also encompasses the production of foil for various industrial and commercial applications, such as insulation, electronics, and automotive parts.

Hierarchy Navigation for NAICS Code 332999-05

Tools

Tools commonly used in the Foil & Foil Products (Manufacturing) industry for day-to-day tasks and operations.

  • Foil slitters
  • Foil stamping machines
  • Foil laminators
  • Foil embossing machines
  • Foil printing presses
  • Foil winding machines
  • Foil cutting machines
  • Foil sealing machines
  • Foil bag making machines
  • Foil extrusion machines

Industry Examples of Foil & Foil Products (Manufacturing)

Common products and services typical of NAICS Code 332999-05, illustrating the main business activities and contributions to the market.

  • Foil containers
  • Foil trays
  • Foil wraps
  • Foil packaging materials
  • Foil insulation
  • Foil electronics components
  • Foil automotive parts
  • Foil tape
  • Foil labels
  • Foil balloons

Certifications, Compliance and Licenses for NAICS Code 332999-05 - Foil & Foil Products (Manufacturing)

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

  • ISO 9001: This certification ensures that the company has a quality management system in place that meets international standards. It is provided by the International Organization for Standardization (ISO).
  • ISO 14001: This certification ensures that the company has an environmental management system in place that meets international standards. It is provided by the International Organization for Standardization (ISO).
  • OSHA 29 CFR 1910.1200: This regulation requires that all hazardous chemicals used in the workplace are properly labeled and that employees are trained on how to handle them safely. It is provided by the Occupational Safety and Health Administration (OSHA).
  • EPA 40 CFR Part 82: This regulation requires that all companies that use or produce ozone-depleting substances (ODS) comply with certain reporting and recordkeeping requirements. It is provided by the Environmental Protection Agency (EPA).
  • UL 969: This certification ensures that the labels used on products meet certain safety and durability standards. It is provided by Underwriters Laboratories (UL).

History

A concise historical narrative of NAICS Code 332999-05 covering global milestones and recent developments within the United States.

  • The history of the Foil & Foil Products (Manufacturing) industry dates back to the early 1900s when aluminum foil was first produced in Switzerland. The foil was initially used for wrapping chocolate bars, but its use quickly expanded to other industries, including food packaging, insulation, and electronics. In the 1950s, the industry experienced a significant boost due to the increased demand for aluminum foil in the packaging industry. The foil was used to package food, cigarettes, and pharmaceuticals. In recent years, the industry has seen advancements in the production process, including the use of thinner and stronger foils, which have led to increased efficiency and cost savings. In the United States, the industry has seen steady growth over the past few decades, with a focus on sustainability and eco-friendly production methods.

Future Outlook for Foil & Foil Products (Manufacturing)

The anticipated future trajectory of the NAICS 332999-05 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 Foil & Foil Products (Manufacturing) industry in the USA is positive. The industry is expected to grow due to the increasing demand for aluminum foil in the food and beverage packaging industry. The growth of the e-commerce industry is also expected to drive the demand for foil products as they are widely used in the packaging of various products. The industry is also expected to benefit from the increasing demand for sustainable packaging solutions. However, the industry may face challenges due to the volatility of raw material prices and the increasing competition from alternative packaging materials. Overall, the Foil & Foil Products (Manufacturing) industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 332999-05

Recent groundbreaking advancements and milestones in the Foil & Foil Products (Manufacturing) industry, reflecting notable innovations that have reshaped its landscape.

  • Eco-Friendly Foil Packaging: Foil & Foil Products (Manufacturing) companies are developing eco-friendly foil packaging solutions that are recyclable and biodegradable. These innovations are expected to meet the increasing demand for sustainable packaging solutions.
  • Lightweight Foil Products: Foil & Foil Products (Manufacturing) companies are developing lightweight foil products that are easy to handle and transport. These products are expected to reduce transportation costs and improve efficiency.
  • High-Performance Foil Products: Foil & Foil Products (Manufacturing) companies are developing high-performance foil products that offer better barrier properties and longer shelf life. These products are expected to meet the increasing demand for high-quality packaging solutions.
  • Smart Packaging Solutions: Foil & Foil Products (Manufacturing) companies are developing smart packaging solutions that can monitor the quality and freshness of the packaged products. These innovations are expected to improve the safety and quality of the packaged products.
  • Customized Foil Products: Foil & Foil Products (Manufacturing) companies are offering customized foil products that meet the specific requirements of their customers. These products are expected to improve customer satisfaction and loyalty.

NAICS Code 332999-05 - Foil & Foil Products (Manufacturing)

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