NAICS Code 423930-31 - Waste-Paper (Wholesale)
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NAICS Code 423930-31 Description (8-Digit)
Hierarchy Navigation for NAICS Code 423930-31
Parent Code (less specific)
Tools
Tools commonly used in the Waste-Paper (Wholesale) industry for day-to-day tasks and operations.
- Baling machines
- Conveyor belts
- Sorting machines
- Grading machines
- Shredders
- Compactors
- Forklifts
- Pallet jacks
- Weighing scales
- Dust collectors
Industry Examples of Waste-Paper (Wholesale)
Common products and services typical of NAICS Code 423930-31, illustrating the main business activities and contributions to the market.
- Paper mills
- Recycling facilities
- Printing companies
- Packaging manufacturers
- Cardboard manufacturers
- Tissue paper manufacturers
- Newspaper publishers
- Magazine publishers
- Book publishers
- Stationery manufacturers
Certifications, Compliance and Licenses for NAICS Code 423930-31 - Waste-Paper (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Forest Stewardship Council (FSC) Certification: The FSC certification ensures that the paper products are made from responsibly managed forests. The certification is provided by the Forest Stewardship Council.
- Sustainable Forestry Initiative (SFI) Certification: The SFI certification ensures that the paper products are made from responsible and sustainable forestry practices. The certification is provided by the Sustainable Forestry Initiative.
- Programme for the Endorsement Of Forest Certification (PEFC) Certification: The PEFC certification ensures that the paper products are made from sustainably managed forests. The certification is provided by the Programme for the Endorsement of Forest Certification.
- Recycling Industry Operating Standard (RIOS) Certification: The RIOS certification ensures that the waste management practices of the industry are environmentally responsible, safe, and socially acceptable. The certification is provided by the Institute of Scrap Recycling Industries.
- Occupational Safety and Health Administration (OSHA) Certification: The OSHA certification ensures that the industry complies with the safety and health regulations set by the Occupational Safety and Health Administration. The certification is provided by the Occupational Safety and Health Administration.
History
A concise historical narrative of NAICS Code 423930-31 covering global milestones and recent developments within the United States.
- The Waste-Paper (Wholesale) industry has a long history dating back to the 19th century when paper mills began to recycle paper waste. In the early 20th century, the industry grew as the demand for paper products increased, and the recycling process became more efficient. During World War II, the industry played a crucial role in the war effort by collecting and recycling paper to produce new paper products. In the 1970s, the industry experienced a surge in demand due to the growing environmental movement and the introduction of recycling programs. In recent years, the industry has faced challenges due to the decline in demand for paper products and the rise of digital media. However, the industry has adapted by expanding into new markets such as cardboard and packaging materials. In the United States, the Waste-Paper (Wholesale) industry has a similar history to the global industry. The industry experienced significant growth in the mid-20th century due to the post-war economic boom and the rise of consumerism. In the 1970s, the industry grew rapidly due to the introduction of recycling programs and the growing environmental movement. In recent years, the industry has faced challenges due to the decline in demand for paper products and the rise of digital media. However, the industry has adapted by expanding into new markets such as cardboard and packaging materials. The industry has also embraced new technologies such as automation and data analytics to improve efficiency and reduce costs.
Future Outlook for Waste-Paper (Wholesale)
The anticipated future trajectory of the NAICS 423930-31 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Shrinking
The future outlook for the Waste-Paper (Wholesale) industry in the USA is positive due to the increasing demand for recycled paper products. 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 growth of e-commerce, which has increased the demand for packaging materials. However, the industry may face challenges due to the increasing competition from digital media and the declining demand for print media. Overall, the industry is expected to grow steadily in the coming years.
Industry Innovations for NAICS Code 423930-31
Recent groundbreaking advancements and milestones in the Waste-Paper (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Development Of New Technologies for Recycling Paper Products: The industry has seen the development of new technologies that allow for the recycling of a wider range of paper products, including mixed paper and cardboard. This has increased the efficiency of the recycling process and reduced waste.
- Use Of Blockchain Technology for Supply Chain Management: Some companies in the industry are exploring the use of blockchain technology to improve supply chain management and increase transparency. This technology can help to track the movement of waste paper from collection to processing and ensure that it is recycled properly.
- Introduction Of Sustainable Packaging Materials: Many companies in the industry are introducing sustainable packaging materials, such as biodegradable and compostable materials, to meet the growing demand for eco-friendly products.
- Expansion Of International Trade: The industry is expanding its international trade, with many companies exporting waste paper to countries such as China and India. This has created new opportunities for growth and increased demand for waste paper products.
- Adoption Of Automation and Robotics: Some companies in the industry are adopting automation and robotics to improve efficiency and reduce costs. This technology can help to sort and process waste paper more quickly and accurately, reducing the need for manual labor.
NAICS Code 423930-31 - Waste-Paper (Wholesale)
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