NAICS Code 423930-16 - Recycled Products (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS CODE 423930-16
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NAICS Code 423930-16 Description (8-Digit)

The Recycled Products (Wholesale) industry involves the wholesale distribution of various recycled products. These products are obtained from various sources such as industrial waste, post-consumer waste, and construction waste. The industry plays a crucial role in the recycling process by providing a market for recycled products. Recycled products are environmentally friendly and can be used in a range of applications such as construction, packaging, and manufacturing.

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 Recycled Products (Wholesale) industry for day-to-day tasks and operations.

  • Baler machines
  • Compactors
  • Shredders
  • Conveyor belts
  • Sorting machines
  • Grinders
  • Crushers
  • Granulators
  • Pulverizers
  • Dust collectors

Industry Examples of Recycled Products (Wholesale)

Common products and services typical of NAICS Code 423930-16, illustrating the main business activities and contributions to the market.

  • Recycled paper products
  • Recycled plastic products
  • Recycled glass products
  • Recycled metal products
  • Recycled rubber products
  • Recycled building materials
  • Recycled textiles
  • Recycled electronics
  • Recycled batteries
  • Recycled packaging materials

History

A concise historical narrative of NAICS Code 423930-16 covering global milestones and recent developments within the United States.

  • The "Recycled Products (Wholesale)" industry has a long history dating back to the early 1900s when the first recycling center was established in the United States. However, it wasn't until the 1960s and 1970s that recycling became more widespread due to the environmental movement. In the 1980s, the industry experienced significant growth as more companies began to recognize the economic benefits of recycling. The industry continued to grow in the 1990s and 2000s as more emphasis was placed on sustainability and reducing waste. In recent years, the industry has faced challenges due to changes in global recycling markets, but it continues to play an important role in reducing waste and conserving resources. In the United States, the "Recycled Products (Wholesale)" industry has seen significant growth in recent years due to increased awareness of environmental issues and the economic benefits of recycling. In 2019, the industry generated over $10 billion in revenue and employed over 20,000 people. The industry has also benefited from advancements in technology, which have made recycling more efficient and cost-effective. However, the industry has faced challenges due to changes in global recycling markets, which have led to lower prices for recycled materials. Despite these challenges, the industry is expected to continue to grow in the coming years as more companies adopt sustainable practices and consumers become more environmentally conscious.