NAICS Code 423830-67 - Plastics-Machinery & Equipment (Wholesale)
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NAICS Code 423830-67 Description (8-Digit)
Hierarchy Navigation for NAICS Code 423830-67
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Tools
Tools commonly used in the Plastics-Machinery & Equipment (Wholesale) industry for day-to-day tasks and operations.
- Extruders
- Injection molding machines
- Blow molding machines
- Thermoforming machines
- Dryers
- Chillers
- Granulators
- Robots
- Conveyors
- Hoppers
Industry Examples of Plastics-Machinery & Equipment (Wholesale)
Common products and services typical of NAICS Code 423830-67, illustrating the main business activities and contributions to the market.
- Plastic packaging machinery
- Plastic extrusion machinery
- Plastic injection molding machinery
- Plastic blow molding machinery
- Plastic thermoforming machinery
- Plastic auxiliary equipment
- Plastic recycling machinery
- Plastic compounding machinery
- Plastic welding machinery
- Plastic cutting machinery
Certifications, Compliance and Licenses for NAICS Code 423830-67 - Plastics-Machinery & Equipment (Wholesale)
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).
- OSHA 30-Hour General Industry Training: This certification is required for workers in the plastics-machinery and equipment wholesale industry to ensure they have the necessary knowledge and skills to work safely. It is provided by the Occupational Safety and Health Administration (OSHA).
- National Institute for Certification In Engineering Technologies (NICET): This certification is for technicians who work in the plastics-machinery and equipment wholesale industry and ensures that they have the necessary knowledge and skills to perform their job. It is provided by the National Society of Professional Engineers (NSPE).
- National Association Of Chemical Distributors (NACD) Responsible Distribution: This certification ensures that companies in the plastics-machinery and equipment wholesale industry are following responsible distribution practices for chemicals. It is provided by the National Association of Chemical Distributors (NACD).
- National Fire Protection Association (NFPA) 70E: This certification ensures that workers in the plastics-machinery and equipment wholesale industry are trained in electrical safety. It is provided by the National Fire Protection Association (NFPA).
History
A concise historical narrative of NAICS Code 423830-67 covering global milestones and recent developments within the United States.
- The Plastics-Machinery & Equipment (Wholesale) industry has a long history of innovation and growth. In the early 20th century, the first plastic injection molding machine was invented, which revolutionized the industry by allowing for mass production of plastic products. In the 1950s, the first extrusion blow molding machine was developed, which allowed for the production of hollow plastic products such as bottles. In the 1970s, computer-controlled machines were introduced, which increased efficiency and accuracy in the manufacturing process. In recent years, the industry has seen advancements in automation and robotics, which have further increased efficiency and reduced costs. In the United States, the Plastics-Machinery & Equipment (Wholesale) industry has experienced significant growth in recent years. According to the US Census Bureau, the industry's shipments increased from $7.5 billion in 2012 to $10.2 billion in 2019, a growth rate of over 35%. This growth can be attributed to several factors, including increased demand for plastic products in various industries, advancements in technology, and the growing trend towards automation and robotics in manufacturing. Overall, the Plastics-Machinery & Equipment (Wholesale) industry has a rich history of innovation and growth, and it continues to play a vital role in the manufacturing sector.
Future Outlook for Plastics-Machinery & Equipment (Wholesale)
The anticipated future trajectory of the NAICS 423830-67 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Growing
The future outlook for the Plastics-Machinery & Equipment (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for plastic products in various sectors such as automotive, construction, and packaging. The growth of the e-commerce industry is also expected to drive the demand for plastic packaging, which in turn will increase the demand for plastics-machinery and equipment. The industry is also expected to benefit from the increasing focus on sustainability and the use of recycled plastics. However, the industry may face challenges due to the increasing competition from low-cost imports and the volatility of raw material prices.
Industry Innovations for NAICS Code 423830-67
Recent groundbreaking advancements and milestones in the Plastics-Machinery & Equipment (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Robotic Automation: The use of robotic automation in plastics-machinery and equipment has increased efficiency and productivity in the industry. Robots are used for tasks such as material handling, assembly, and quality control.
- 3D Printing: The use of 3D printing in the plastics-machinery and equipment industry has enabled the production of complex parts and reduced lead times. It has also reduced the need for tooling and molds, which has resulted in cost savings.
- Smart Manufacturing: The use of sensors and data analytics in plastics-machinery and equipment has enabled real-time monitoring of equipment and processes. This has resulted in increased efficiency, reduced downtime, and improved quality control.
- Sustainable Materials: The industry has been focusing on the use of sustainable materials such as bioplastics and recycled plastics. This has resulted in reduced environmental impact and increased demand from environmentally conscious consumers.
- Internet Of Things (Iot): The use of IoT in plastics-machinery and equipment has enabled remote monitoring and predictive maintenance. This has resulted in reduced downtime and increased efficiency.
NAICS Code 423830-67 - Plastics-Machinery & Equipment (Wholesale)
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