NAICS Code 423930-28 - Waste-Cotton Wool Synthetic Etc (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS Code 423930-28 Description (8-Digit)

The Waste-Cotton Wool Synthetic Etc (Wholesale) industry involves the wholesale distribution of waste materials such as cotton, wool, synthetic fibers, and other similar materials. These materials are typically sourced from textile and clothing manufacturers, as well as other industries that generate waste materials. The wholesalers in this industry then sell these materials to other businesses that specialize in recycling and repurposing them for various applications.

Hierarchy Navigation for NAICS Code 423930-28

Tools

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

  • Baling machines
  • Sorting machines
  • Shredders
  • Compactors
  • Conveyor belts
  • Industrial scales
  • Forklifts
  • Pallet jacks
  • Dust collectors
  • Industrial sewing machines

Industry Examples of Waste-Cotton Wool Synthetic Etc (Wholesale)

Common products and services typical of NAICS Code 423930-28, illustrating the main business activities and contributions to the market.

  • Cotton waste
  • Wool waste
  • Synthetic fiber waste
  • Textile waste
  • Yarn waste
  • Fabric scraps
  • Industrial rags
  • Felt waste
  • Non-woven waste
  • Upholstery waste

Certifications, Compliance and Licenses for NAICS Code 423930-28 - Waste-Cotton Wool Synthetic Etc (Wholesale)

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

  • Global Organic Textile Standard (GOTS): GOTS is a certification that ensures the organic status of textiles, from harvesting of the raw materials through environmentally and socially responsible manufacturing up to labeling. It is applicable to natural fibers such as cotton, wool, and synthetic fibers. The certification is provided by the International Working Group on Global Organic Textile Standard and
  • OEKO-TEX Standard 100: OEKO-TEX Standard 100 is a certification that ensures that textiles and textile products are free from harmful substances. It is applicable to all types of textiles, including natural fibers such as cotton and wool, and synthetic fibers. The certification is provided by the International Association for Research and Testing in the Field of Textile Ecology and
  • Responsible Wool Standard (RWS): RWS is a certification that ensures that wool comes from farms that meet high standards of animal welfare and environmental management. It is applicable to wool fibers. The certification is provided by Textile Exchange and
  • Global Recycled Standard (GRS): GRS is a certification that ensures that products are made from recycled materials and that the production process meets environmental and social criteria. It is applicable to all types of textiles, including natural fibers such as cotton and wool, and synthetic fibers. The certification is provided by Textile Exchange and
  • ISO 14001: ISO 14001 is a certification that ensures that an organization's environmental management system meets international standards. It is applicable to all types of organizations, including those in the textile industry. The certification is provided by the International Organization for Standardization and

History

A concise historical narrative of NAICS Code 423930-28 covering global milestones and recent developments within the United States.

  • The "Waste-Cotton Wool Synthetic Etc (Wholesale)" industry has a long history dating back to the early 19th century when the industrial revolution led to the mass production of textiles. The industry grew rapidly in the 20th century, with the development of synthetic fibers and the increasing demand for textiles. In the United States, the industry saw significant growth in the 1950s and 1960s, with the rise of the disposable culture and the increasing use of synthetic materials. In recent years, the industry has faced challenges due to the increasing awareness of environmental issues and the need for sustainable practices. However, the industry has adapted to these challenges by implementing new technologies and processes to reduce waste and increase efficiency. Recent

Future Outlook for Waste-Cotton Wool Synthetic Etc (Wholesale)

The anticipated future trajectory of the NAICS 423930-28 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: In recent years, the "Waste-Cotton Wool Synthetic Etc (Wholesale)" industry in the United States has seen steady growth due to the increasing demand for sustainable and eco-friendly products. The industry has also benefited from the growing trend of upcycling and recycling, which has led to an increase in the demand for recycled materials. The COVID-19 pandemic has also had a significant impact on the industry, with many consumers becoming more conscious of their environmental impact and opting for sustainable products. Overall, the industry is expected to continue to grow in the coming years, driven by the increasing demand for sustainable and eco-friendly products.

    The future outlook for the Waste-Cotton Wool Synthetic Etc (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for recycled materials and the growing awareness of environmental sustainability. The industry is also expected to benefit from the increasing adoption of circular economy principles by businesses and governments. The circular economy aims to minimize waste and maximize the use of resources by keeping materials in use for as long as possible. The industry is also expected to benefit from the increasing use of technology in waste management and recycling, which can improve efficiency and reduce costs. Overall, the Waste-Cotton Wool Synthetic Etc (Wholesale) industry is expected to continue to grow in the coming years, driven by the increasing demand for recycled materials and the adoption of circular economy principles.

Industry Innovations for NAICS Code 423930-28

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

  • The use of blockchain technology to track and verify the origin and quality of recycled materials, which can increase transparency and trust in the supply chain.
  • The development of new recycling technologies that can process a wider range of materials, such as mixed plastics and textiles, which can increase the amount of waste that can be recycled.
  • The use of artificial intelligence and machine learning to optimize waste management and recycling processes, which can improve efficiency and reduce costs.
  • The increasing use of renewable energy sources, such as solar and wind power, to power waste management and recycling facilities, which can reduce greenhouse gas emissions and improve sustainability.
  • The development of new business models, such as product-as-a-service and sharing economy models, which can encourage the reuse and recycling of materials and reduce waste.

NAICS Code 423930-28 - Waste-Cotton Wool Synthetic Etc (Wholesale)

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