NAICS Code 423840-66 - Textile Mill Supplies (Wholesale)
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NAICS Code 423840-66 Description (8-Digit)
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Tools
Tools commonly used in the Textile Mill Supplies (Wholesale) industry for day-to-day tasks and operations.
- Textile machinery
- Textile parts and accessories
- Chemicals and dyes
- Yarns and fibers
- Sewing and embroidery machines
- Cutting and finishing equipment
- Knitting machines
- Weaving machines
- Spinning machines
- Printing machines
- Looms
- Carding machines
- Combing machines
- Drawing frames
- Roving frames
- Twisting machines
- Warping machines
- Beaming machines
- Inspection machines
Industry Examples of Textile Mill Supplies (Wholesale)
Common products and services typical of NAICS Code 423840-66, illustrating the main business activities and contributions to the market.
- Textile mills
- Clothing manufacturers
- Upholstery manufacturers
- Bedding manufacturers
- Carpet manufacturers
- Fabric wholesalers
- Textile distributors
- Textile importers
- Textile exporters
- Textile designers
Certifications, Compliance and Licenses for NAICS Code 423840-66 - Textile Mill Supplies (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Oeko-Tex Standard 100: This certification ensures that the textile products are free from harmful substances and are safe for human use. It is issued by the International Association for Research and Testing in the Field of Textile Ecology (Oeko-Tex).
- Global Organic Textile Standard (GOTS): This certification ensures that the textile products are made from organic fibers and meet environmental and social criteria. It is issued by the Global Organic Textile Standard International Working Group.
- Textile Exchange Organic Content Standard (OCS): This certification ensures that the textile products contain a minimum of 95% organic material. It is issued by the Textile Exchange.
- Better Cotton Initiative (BCI): This certification ensures that the cotton used in the textile products is produced sustainably and meets environmental and social criteria. It is issued by the Better Cotton Initiative.
- Forest Stewardship Council (FSC) Certification: This certification ensures that the wood-based textile products are made from responsibly sourced wood and meet environmental and social criteria. It is issued by the Forest Stewardship Council.
History
A concise historical narrative of NAICS Code 423840-66 covering global milestones and recent developments within the United States.
- The Textile Mill Supplies (Wholesale) industry has a long history dating back to the Industrial Revolution in the late 18th century. The industry was initially focused on providing raw materials such as cotton, wool, and silk to textile mills for the production of fabrics. With the advent of new technologies, the industry expanded to include machinery, equipment, and chemicals used in textile manufacturing. In recent history, the industry has faced challenges due to the decline of the textile manufacturing sector in the United States. However, the industry has adapted by expanding its product offerings to include non-textile items such as packaging materials and safety equipment.
Future Outlook for Textile Mill Supplies (Wholesale)
The anticipated future trajectory of the NAICS 423840-66 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 Textile Mill Supplies (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for textile products in the country. The industry is also expected to benefit from the growing trend of sustainable and eco-friendly textiles. The industry is likely to face challenges due to the increasing competition from low-cost imports, but the growing demand for high-quality and innovative textile products is expected to offset this challenge. The industry is also expected to benefit from the increasing adoption of technology and automation in the textile manufacturing process, which is likely to increase efficiency and reduce costs.
Industry Innovations for NAICS Code 423840-66
Recent groundbreaking advancements and milestones in the Textile Mill Supplies (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Digital Printing Technology: This technology has revolutionized the textile industry by allowing for high-quality and detailed prints on a variety of fabrics. It has also reduced the time and cost required for printing, making it more accessible to small and medium-sized businesses.
- Sustainable Textiles: The growing demand for sustainable and eco-friendly textiles has led to the development of new materials and production methods that reduce the environmental impact of textile manufacturing. This includes the use of recycled materials, organic cotton, and natural dyes.
- Smart Textiles: These are textiles that incorporate technology to provide additional functionality, such as temperature regulation, moisture management, and even health monitoring. This technology has the potential to revolutionize the textile industry by creating new markets and applications.
- 3D Printing: This technology has the potential to revolutionize the textile industry by allowing for the creation of complex and customized textile products. It also reduces waste and allows for more efficient production methods.
- Automation: The increasing adoption of automation in the textile manufacturing process is expected to increase efficiency and reduce costs. This includes the use of robots for tasks such as cutting and sewing, as well as the use of software for design and production planning.
NAICS Code 423840-66 - Textile Mill Supplies (Wholesale)
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