NAICS Code 423840-68 - Twines & Cordage (Wholesale)

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NAICS Code 423840-68 Description (8-Digit)

The Twines & Cordage (Wholesale) industry involves the distribution of various types of twines and cordage products to retailers, manufacturers, and other businesses. These products are commonly used in a variety of industries such as agriculture, construction, shipping, and packaging. The industry includes wholesalers that distribute natural and synthetic twines and cordage products, such as cotton, nylon, and polypropylene ropes, twines, and cords.

Hierarchy Navigation for NAICS Code 423840-68

Tools

Tools commonly used in the Twines & Cordage (Wholesale) industry for day-to-day tasks and operations.

  • Rope-making machines
  • Twine-making machines
  • Cordage braiding machines
  • Splicing tools
  • Cutting tools
  • Measuring tools
  • Tensioning tools
  • Twine and cordage winding machines
  • Twine and cordage testing equipment
  • Packaging equipment

Industry Examples of Twines & Cordage (Wholesale)

Common products and services typical of NAICS Code 423840-68, illustrating the main business activities and contributions to the market.

  • Cotton twine
  • Nylon rope
  • Polypropylene cordage
  • Sisal twine
  • Jute rope
  • Hemp cordage
  • Manila rope
  • Polyester twine
  • Polyethylene cordage
  • Polypropylene rope

Certifications, Compliance and Licenses for NAICS Code 423840-68 - Twines & Cordage (Wholesale)

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

  • OSHA Safety Certification: This certification is required for all employees who work in the industry to ensure that they are aware of the safety hazards and how to prevent them. The Occupational Safety and Health Administration (OSHA) provides this certification.
  • Hazardous Materials Transportation Certification: This certification is required for businesses that transport hazardous materials. The Federal Motor Carrier Safety Administration (FMCSA) provides this certification.
  • International Organization for Standardization (ISO) 9001:2015 Certification: This certification is a quality management system that ensures that the products and services provided by the business meet customer and regulatory requirements. The International Organization for Standardization (ISO) provides this certification.
  • National Association Of Chemical Distributors (NACD) Responsible Distribution Certification: This certification is a management system that ensures that the business is operating in a safe, responsible, and sustainable manner. The National Association of Chemical Distributors (NACD) provides this certification.
  • International Safe Transit Association (ISTA) Certification: This certification ensures that the products being transported are packaged and shipped in a safe and secure manner. The International Safe Transit Association (ISTA) provides this certification.

History

A concise historical narrative of NAICS Code 423840-68 covering global milestones and recent developments within the United States.

  • The Twines & Cordage (Wholesale) industry has a long history dating back to ancient times when ropes and cords were made from natural fibers such as hemp, flax, and cotton. The industry has evolved over time with the introduction of synthetic fibers such as nylon, polyester, and polypropylene, which have improved the strength and durability of ropes and cords. In the United States, the industry experienced significant growth during World War II due to the high demand for ropes and cords for military use. In recent years, the industry has faced challenges due to the increasing popularity of alternative materials such as chains and cables, but it has also seen growth in niche markets such as marine and outdoor recreation.

Future Outlook for Twines & Cordage (Wholesale)

The anticipated future trajectory of the NAICS 423840-68 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 Twines & Cordage (Wholesale) industry in the USA is positive. The industry is expected to grow steadily in the coming years due to the increasing demand for cordage and twines in various sectors such as agriculture, construction, and packaging. The growth of e-commerce and online retail is also expected to boost the demand for cordage and twines as they are used for packaging and shipping. Additionally, the industry is expected to benefit from the increasing focus on sustainability and eco-friendliness, as cordage and twines made from natural fibers such as jute and cotton are gaining popularity. However, the industry may face challenges such as rising raw material costs and competition from low-cost imports. Overall, the Twines & Cordage (Wholesale) industry is expected to experience steady growth in the coming years.

Industry Innovations for NAICS Code 423840-68

Recent groundbreaking advancements and milestones in the Twines & Cordage (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Biodegradable Twines: With the increasing focus on sustainability, manufacturers are developing biodegradable twines made from natural fibers such as jute and cotton. These twines are eco-friendly and can be easily decomposed, making them a popular choice among environmentally conscious consumers.
  • High-Strength Twines: Manufacturers are developing high-strength twines that can withstand heavy loads and harsh weather conditions. These twines are used in various sectors such as agriculture, construction, and shipping, where strength and durability are crucial.
  • Twines with Anti-Slip Properties: Manufacturers are developing twines with anti-slip properties that prevent them from slipping or sliding when tied. These twines are used in various applications such as packaging, shipping, and construction, where a secure knot is essential.
  • Twines with UV Resistance: Manufacturers are developing twines with UV resistance that can withstand exposure to sunlight without degrading. These twines are used in various outdoor applications such as agriculture and construction, where exposure to sunlight is common.
  • Twines with Color Coding: Manufacturers are developing twines with color coding that helps in easy identification and sorting. These twines are used in various applications such as packaging, shipping, and construction, where easy identification is crucial.

NAICS Code 423840-68 - Twines & Cordage (Wholesale)

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