NAICS Code 423930-13 - Plastic Recycling (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS CODE 423930-13
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NAICS Code 423930-13 Description (8-Digit)

Plastic Recycling (Wholesale) is a subdivision of the Recyclable Material Merchant Wholesalers industry that involves the buying and selling of plastic waste materials for the purpose of recycling. This industry plays a crucial role in reducing plastic waste and promoting sustainability by providing a market for plastic waste materials that would otherwise end up in landfills or oceans. Companies in this industry collect, sort, and process plastic waste materials into reusable raw materials that can be sold to manufacturers to produce new plastic products.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 423930 page

Tools

Tools commonly used in the Plastic Recycling (Wholesale) industry for day-to-day tasks and operations.

  • Plastic shredders
  • Granulators
  • Extruders
  • Balers
  • Conveyors
  • Separators
  • Compactors
  • Grinders
  • Wash lines
  • Optical sorters

Industry Examples of Plastic Recycling (Wholesale)

Common products and services typical of NAICS Code 423930-13, illustrating the main business activities and contributions to the market.

  • PET bottles
  • HDPE containers
  • PVC pipes
  • LDPE films
  • PP bags
  • PS foam
  • ABS parts
  • Nylon fibers
  • Polycarbonate sheets
  • Acrylic scraps

History

A concise historical narrative of NAICS Code 423930-13 covering global milestones and recent developments within the United States.

  • The Plastic Recycling (Wholesale) industry has a relatively short history, with the first recycling program for plastics only starting in the 1980s. Since then, the industry has grown significantly, with notable advancements such as the development of new recycling technologies and the expansion of recycling programs to include more types of plastics. In recent years, the industry has faced challenges such as the China National Sword policy, which restricted the import of plastic waste, and the COVID-19 pandemic, which disrupted supply chains and reduced demand for recycled plastics. Despite these challenges, the industry has continued to grow and innovate, with companies exploring new ways to recycle plastics and reduce waste. In the United States, the Plastic Recycling (Wholesale) industry has seen significant growth in recent years, driven by increasing demand for recycled plastics from manufacturers and consumers. The industry has also benefited from government initiatives such as the Plastic Pollution Reduction Act, which aims to reduce plastic waste and promote recycling. However, the industry has faced challenges such as the lack of infrastructure for recycling certain types of plastics and the high cost of recycling compared to producing new plastics. Despite these challenges, the industry is expected to continue growing in the coming years, driven by increasing awareness of the environmental impact of plastic waste and the need for sustainable solutions.