NAICS Code 423930-16 - Recycled Products (Wholesale)

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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.

Hierarchy Navigation for NAICS Code 423930-16

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

Certifications, Compliance and Licenses for NAICS Code 423930-16 - Recycled Products (Wholesale)

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

  • RIOS: Recycling Industry Operating Standard is a certification that ensures that the company is following environmental, health, and safety standards. It is provided by the Institute of Scrap Recycling Industries (ISRI).
  • EPA ID Number: The Environmental Protection Agency (EPA) ID Number is required for facilities that generate hazardous waste. It is used to track hazardous waste from the point of generation to the point of disposal.
  • ISO 14001: This certification is an international standard that specifies requirements for an effective environmental management system (EMS). It is provided by the International Organization for Standardization (ISO).
  • OSHA Compliance: The Occupational Safety and Health Administration (OSHA) sets and enforces safety standards in the workplace. Compliance with OSHA regulations is required for all businesses.
  • DOT Hazardous Materials Transportation Certification: This certification is required for companies that transport hazardous materials. It ensures that the company is following proper safety procedures during transportation.

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.

Future Outlook for Recycled Products (Wholesale)

The anticipated future trajectory of the NAICS 423930-16 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the Recycled Products (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for recycled products from various sectors such as construction, automotive, and packaging. The growing awareness of environmental sustainability and the need to reduce carbon footprint is driving the demand for recycled products. The industry is also expected to benefit from the increasing government regulations and initiatives to promote recycling and reduce waste. However, the industry may face challenges such as the volatility of raw material prices and the competition from low-cost imports. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 423930-16

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

  • Recycled Plastic Lumber: This innovation involves the use of recycled plastic to create lumber that can be used for various applications such as decking, fencing, and outdoor furniture. This product is durable, low-maintenance, and eco-friendly.
  • Recycled Paper Products: Many companies are now producing paper products such as notebooks, envelopes, and tissue paper from recycled paper. This helps to reduce the demand for virgin wood pulp and saves trees.
  • Recycled Glass Products: Glass can be recycled indefinitely, and many companies are now producing glass products such as bottles, jars, and vases from recycled glass. This helps to reduce the amount of waste in landfills and conserves natural resources.
  • Recycled Metal Products: Many companies are now producing metal products such as cans, car parts, and building materials from recycled metal. This helps to reduce the demand for virgin metal and saves energy.
  • Recycled Textile Products: Many companies are now producing clothing, bags, and other textile products from recycled materials such as plastic bottles and old clothing. This helps to reduce the amount of textile waste in landfills and conserves natural resources.

NAICS Code 423930-16 - Recycled Products (Wholesale)

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