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NAICS Code 423930-25 Description (8-Digit)

The Waste (Wholesale) industry involves the wholesale distribution of waste materials that can be recycled or reused. This includes the collection, sorting, and distribution of waste materials such as paper, cardboard, glass, and metals. Waste (Wholesale) companies work with businesses and municipalities to manage their waste streams and ensure that recyclable materials are properly collected and processed for reuse.

Hierarchy Navigation for NAICS Code 423930-25

Tools

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

  • Balers
  • Compactors
  • Shredders
  • Conveyors
  • Sorting systems
  • Grinders
  • Crushers
  • Trommels
  • Magnetic separators
  • Optical sorters
  • Air classifiers
  • Dust collectors
  • Forklifts
  • Skid steers
  • Excavators
  • Dump trucks
  • Trailers
  • Pallet jacks
  • Hand trucks
  • Safety equipment

Industry Examples of Waste (Wholesale)

Common products and services typical of NAICS Code 423930-25, illustrating the main business activities and contributions to the market.

  • Paper recycling
  • Glass recycling
  • Metal recycling
  • Plastic recycling
  • E-waste recycling
  • Construction waste recycling
  • Food waste recycling
  • Textile recycling
  • Hazardous waste management
  • Medical waste management

Certifications, Compliance and Licenses for NAICS Code 423930-25 - Waste (Wholesale)

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

  • EPA Hazardous Waste Generator Status: Waste (Wholesale) companies that generate hazardous waste must obtain an EPA Hazardous Waste Generator Status. This status is required to ensure that hazardous waste is properly managed from cradle to grave. The status is issued by the Environmental Protection Agency (EPA).
  • OSHA Hazard Communication Standard: Waste (Wholesale) companies must comply with the OSHA Hazard Communication Standard. This standard requires employers to provide information to their employees about the hazardous chemicals to which they are exposed. The standard is issued by the Occupational Safety and Health Administration (OSHA).
  • DOT Hazardous Materials Transportation Certification: Waste (Wholesale) companies that transport hazardous materials must obtain a DOT Hazardous Materials Transportation Certification. This certification is required to ensure that hazardous materials are transported safely and in compliance with federal regulations. The certification is issued by the Department of Transportation (DOT).
  • ISO 14001 Environmental Management System Certification: Waste (Wholesale) companies can obtain an ISO 14001 Environmental Management System Certification. This certification demonstrates that a company has implemented an environmental management system that meets international standards. The certification is issued by the International Organization for Standardization (ISO).
  • Responsible Recycling (R2) Certification: Waste (Wholesale) companies that recycle electronic waste can obtain a Responsible Recycling (R2) Certification. This certification demonstrates that a company has implemented a responsible recycling program that meets industry standards. The certification is issued by Sustainable Electronics Recycling International (SERI).

History

A concise historical narrative of NAICS Code 423930-25 covering global milestones and recent developments within the United States.

  • The "Waste (Wholesale)" industry has a long history dating back to the early 20th century when the first recycling plants were established in Europe. During World War II, the industry experienced significant growth as the demand for recycled materials increased. In the 1970s, the industry saw a surge in growth due to the environmental movement and the establishment of the Environmental Protection Agency (EPA) in the United States. The EPA's regulations and policies encouraged the growth of the industry by promoting recycling and waste reduction. In recent years, the industry has continued to grow due to increased awareness of environmental issues and the need for sustainable practices. For example, in 2019, the global waste management market was valued at $2.08 trillion and is expected to reach $2.33 trillion by 2027. In the United States, the "Waste (Wholesale)" industry has seen significant growth in recent years due to the increasing demand for recycled materials and the need for sustainable waste management practices. The industry has been driven by government regulations and policies, such as the Resource Conservation and Recovery Act (RCRA) and the Clean Air Act, which have encouraged the growth of the industry by promoting recycling and waste reduction. Additionally, the industry has been driven by consumer demand for sustainable products and practices. For example, in 2020, the global recycled plastics market was valued at $37.5 billion and is expected to reach $66.6 billion by 2027. Overall, the "Waste (Wholesale)" industry has a rich history and continues to play a vital role in promoting sustainable practices and reducing waste.

Future Outlook for Waste (Wholesale)

The anticipated future trajectory of the NAICS 423930-25 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 Waste (Wholesale) industry in the USA is positive due to the increasing demand for recycled materials. The industry is expected to grow due to the rising awareness of environmental issues and the need for sustainable practices. The industry is also expected to benefit from the increasing adoption of circular economy principles, which emphasize the reuse and recycling of materials. Additionally, the industry is expected to benefit from the increasing demand for recycled materials from various end-use industries, such as construction, automotive, and packaging. However, the industry may face challenges such as the fluctuating prices of raw materials and the increasing competition from other waste management methods. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 423930-25

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

  • Recycling Of Electronic Waste: The industry has seen a recent innovation in the recycling of electronic waste, which has become a major concern due to the increasing use of electronic devices. The innovation involves the use of advanced technologies to extract valuable materials from electronic waste, such as gold, silver, and copper, which can be reused in the production of new electronic devices.
  • Development Of New Recycling Technologies: The industry has seen the development of new recycling technologies that can process a wider range of waste materials, such as plastics, metals, and glass. These technologies are more efficient and cost-effective than traditional recycling methods, and they can help reduce the amount of waste sent to landfills.
  • Use Of Blockchain Technology: The industry has seen the use of blockchain technology to improve the traceability and transparency of waste management processes. This technology can help track the movement of waste materials from the point of origin to the point of disposal, ensuring that they are properly handled and recycled.
  • Adoption Of Sustainable Packaging: The industry has seen the adoption of sustainable packaging materials, such as biodegradable plastics and paper-based materials, which can be recycled and reused. This trend is driven by the increasing demand for eco-friendly products and the need to reduce the amount of waste generated by packaging.
  • Implementation Of Zero-Waste Initiatives: The industry has seen the implementation of zero-waste initiatives by various companies and organizations, which aim to reduce the amount of waste sent to landfills. These initiatives involve the use of sustainable practices, such as composting, recycling, and waste reduction, to achieve zero waste.

NAICS Code 423930-25 - Waste (Wholesale)

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