NAICS Code 423840-20 - Fasteners-Textile & Apparel (Wholesale)

Marketing Level - NAICS 8-Digit

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Total Companies

28

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NAICS Code 423840-20 Description (8-Digit)

The Fasteners-Textile & Apparel (Wholesale) industry involves the wholesale distribution of fasteners specifically designed for use in the textile and apparel manufacturing process. These fasteners include a range of products such as buttons, zippers, snaps, hooks, and eyelets. The industry plays a crucial role in the textile and apparel manufacturing process by providing high-quality fasteners that are essential for the production of finished products.

Hierarchy Navigation for NAICS Code 423840-20

Tools

Tools commonly used in the Fasteners-Textile & Apparel (Wholesale) industry for day-to-day tasks and operations.

  • Button attaching machines
  • Zipper machines
  • Snap attaching machines
  • Eyelet machines
  • Hook attaching machines
  • Buttonhole machines
  • Sewing machines with specialized fastener attachments
  • Cutting machines for fastener materials
  • Rivet machines
  • Grommet machines

Industry Examples of Fasteners-Textile & Apparel (Wholesale)

Common products and services typical of NAICS Code 423840-20, illustrating the main business activities and contributions to the market.

  • Clothing manufacturers
  • Textile mills
  • Uniform suppliers
  • Costume designers
  • Embroidery companies
  • Tailors
  • Leather goods manufacturers
  • Shoe manufacturers
  • Luggage manufacturers
  • Bedding manufacturers

Certifications, Compliance and Licenses for NAICS Code 423840-20 - Fasteners-Textile & Apparel (Wholesale)

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. It is provided by the International Organization for Standardization (ISO).
  • OSHA 10-Hour General Industry Training: A safety certification that provides workers with basic knowledge of common workplace hazards and how to avoid them. It is provided by the Occupational Safety and Health Administration (OSHA).
  • ANSI/ISEA 107-2015: High-Visibility Safety Apparel and Accessories certification that ensures the safety of workers in low-light conditions. It is provided by the American National Standards Institute (ANSI) and the International Safety Equipment Association (ISEA).
  • EPA Lead-Safe Certification: A certification that ensures that workers are trained to safely work with lead-based paint. It is provided by the Environmental Protection Agency (EPA).
  • UL Certification: A safety certification that ensures that products meet safety standards. It is provided by Underwriters Laboratories (UL).

History

A concise historical narrative of NAICS Code 423840-20 covering global milestones and recent developments within the United States.

  • The "Fasteners-Textile & Apparel (Wholesale)" industry has a long history dating back to the early 20th century when the textile industry was booming in the United States. The industry was born out of the need for fasteners to be used in the production of textiles and apparel. The first fasteners were simple hooks and eyes, but as the industry grew, so did the need for more advanced fasteners. In the 1920s, the zipper was invented, which revolutionized the industry and made it possible to produce clothing faster and more efficiently. In the 1950s, the industry saw another major advancement with the introduction of Velcro, which was used in a wide range of applications, including clothing, shoes, and bags. In recent years, the industry has continued to evolve with the introduction of new materials and technologies, such as 3D printing, which has made it possible to create fasteners that are more durable and efficient than ever before. In the United States, the "Fasteners-Textile & Apparel (Wholesale)" industry has seen significant growth in recent years, driven by the increasing demand for fasteners in the textile and apparel manufacturing sectors. The industry has benefited from the growth of e-commerce, which has made it easier for businesses to source fasteners from wholesalers. The industry has also seen increased competition from overseas manufacturers, particularly in Asia, which has led to a decline in prices. Despite these challenges, the industry has remained resilient, and many wholesalers have adapted by offering a wider range of products and services to their customers. Overall, the "Fasteners-Textile & Apparel (Wholesale)" industry in the United States is poised for continued growth in the coming years, driven by the increasing demand for fasteners in the textile and apparel manufacturing sectors.

Future Outlook for Fasteners-Textile & Apparel (Wholesale)

The anticipated future trajectory of the NAICS 423840-20 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 Fasteners-Textile & Apparel (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for textile and apparel products in the country. The rise in e-commerce and online shopping has also contributed to the growth of the industry. The industry is expected to continue to innovate and adapt to changing market trends to remain competitive. However, the industry may face challenges such as rising competition and fluctuations in raw material prices. Overall, the industry is expected to experience steady growth in the coming years.

Industry Innovations for NAICS Code 423840-20

Recent groundbreaking advancements and milestones in the Fasteners-Textile & Apparel (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Smart Fasteners: These are fasteners that can monitor and report on the condition of the textile or apparel product they are attached to. They can detect changes in temperature, humidity, and other environmental factors that can affect the product's quality. This innovation can help manufacturers and retailers ensure that their products are of high quality and meet customer expectations.
  • Biodegradable Fasteners: These are fasteners made from biodegradable materials that can break down naturally over time. This innovation can help reduce the environmental impact of the industry by reducing the amount of waste generated by fasteners.
  • RFID-Enabled Fasteners: These are fasteners that are equipped with RFID tags that can be used to track the movement of products throughout the supply chain. This innovation can help improve inventory management and reduce the risk of lost or stolen products.
  • 3D-Printed Fasteners: These are fasteners that are produced using 3D printing technology. This innovation can help reduce the cost and time required to produce fasteners, as well as enable the production of complex and customized designs.
  • Fasteners with Antimicrobial Properties: These are fasteners that are treated with antimicrobial agents that can help prevent the growth of bacteria and other microorganisms. This innovation can help improve the hygiene and safety of textile and apparel products.

NAICS Code 423840-20 - Fasteners-Textile & Apparel (Wholesale)

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