NAICS Code 423930-32 - Waste-Plastics (Wholesale)
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NAICS Code 423930-32 Description (8-Digit)
Hierarchy Navigation for NAICS Code 423930-32
Parent Code (less specific)
Tools
Tools commonly used in the Waste-Plastics (Wholesale) industry for day-to-day tasks and operations.
- Plastic shredders
- Balers
- Granulators
- Compactors
- Conveyors
- Sorting machines
- Industrial magnets
- Optical sorters
- Air classifiers
- Pelletizers
- Extruders
- Injection molding machines
- Blow molding machines
- Thermoforming machines
- Drying equipment
- Weighing scales
- Forklifts
- Pallet jacks
- Hand trucks
Industry Examples of Waste-Plastics (Wholesale)
Common products and services typical of NAICS Code 423930-32, illustrating the main business activities and contributions to the market.
- Plastic bottles
- Packaging materials
- Plastic bags
- Toys
- Automotive parts
- Construction materials
- Electronic components
- Furniture
- Medical devices
- Sports equipment
- Household appliances
- Garden tools
- Office supplies
- Pipes and fittings
- Signs and displays
- Stationery
- Utensils
- Watering cans
- Wheelie bins
Certifications, Compliance and Licenses for NAICS Code 423930-32 - Waste-Plastics (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Sustainable Materials Management (SMM) Electronics Challenge: This certification is provided by the US Environmental Protection Agency (EPA) and is a voluntary program that encourages electronics manufacturers, brand owners, and retailers to strive for environmental excellence. The program aims to reduce the environmental impact of electronics throughout their life cycle.
- Responsible Recycling (R2) Standard: This certification is provided by Sustainable Electronics Recycling International (SERI) and is a set of voluntary standards for electronics recyclers. The standard requires recyclers to implement environmental, health, and safety management systems and to adhere to strict requirements for the safe and responsible handling of electronic waste.
- ISO 14001: This certification is provided by the International Organization for Standardization (ISO) and is a globally recognized standard for environmental management systems. The standard requires organizations to implement an environmental management system that helps them identify and manage their environmental impact.
- OSHA Hazard Communication Standard: This standard is provided by the Occupational Safety and Health Administration (OSHA) and requires employers to provide information and training to employees about hazardous chemicals in the workplace. This standard is important for waste-plastics wholesalers as they may handle hazardous chemicals during the recycling process.
- Resource Conservation and Recovery Act (RCRA): This act is provided by the US Environmental Protection Agency (EPA) and regulates the management of hazardous and non-hazardous solid waste. Waste-plastics wholesalers must comply with this act as they handle and transport waste materials.
History
A concise historical narrative of NAICS Code 423930-32 covering global milestones and recent developments within the United States.
- The "Waste-Plastics (Wholesale)" industry has a long history dating back to the early 1900s when plastic was first invented. The industry started to grow rapidly in the 1950s and 1960s when plastic became more widely used in consumer products. In the 1970s, the industry faced a major challenge with the introduction of environmental regulations aimed at reducing plastic waste. This led to the development of new technologies and processes for recycling plastic waste. In recent years, the industry has continued to evolve with the introduction of new materials and technologies for recycling plastic waste. In the United States, the industry has seen significant growth in the last decade due to increased demand for recycled plastic products and the introduction of new regulations aimed at reducing plastic waste. For example, in 2019, California passed a law requiring all plastic beverage containers to contain at least 50% recycled material by 2030.
Future Outlook for Waste-Plastics (Wholesale)
The anticipated future trajectory of the NAICS 423930-32 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Growing
The future outlook for the Waste-Plastics (Wholesale) industry in the USA is positive due to the increasing demand for recycled plastic products. The industry is expected to grow due to the rising awareness of environmental issues and the need to reduce plastic waste. The industry is also expected to benefit from the increasing demand for recycled plastic products in various industries such as automotive, construction, and packaging. The industry is also expected to benefit from the development of new technologies that make plastic recycling more efficient and cost-effective. However, the industry may face challenges such as the fluctuation of oil prices, which affects the cost of producing recycled plastic products. The industry may also face competition from other materials such as biodegradable plastics. Overall, the Waste-Plastics (Wholesale) industry is expected to grow in the coming years due to the increasing demand for recycled plastic products and the development of new technologies.
Industry Innovations for NAICS Code 423930-32
Recent groundbreaking advancements and milestones in the Waste-Plastics (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Development Of New Technologies for Plastic Recycling: New technologies such as chemical recycling and pyrolysis are being developed to make plastic recycling more efficient and cost-effective.
- Use Of Recycled Plastic In 3D Printing: The use of recycled plastic in 3D printing is becoming more popular due to the increasing demand for sustainable products.
- Development Of New Applications for Recycled Plastic: Recycled plastic is being used in new applications such as road construction, furniture, and clothing.
- Collaboration Between Companies to Increase Plastic Recycling: Companies are collaborating to increase plastic recycling by sharing knowledge and resources.
- Use Of Blockchain Technology to Track Recycled Plastic: Blockchain technology is being used to track recycled plastic to ensure its authenticity and increase transparency in the supply chain.
NAICS Code 423930-32 - Waste-Plastics (Wholesale)
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