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NAICS Code 423940-25 Description (8-Digit)

The Ribbons (Wholesale) industry involves the wholesale distribution of ribbons made from various materials such as silk, satin, velvet, organza, and grosgrain. These ribbons are used for a variety of purposes such as gift wrapping, floral arrangements, clothing embellishments, and craft projects. Companies in this industry typically purchase ribbons in bulk from manufacturers and then sell them to retailers, event planners, and other businesses.

Hierarchy Navigation for NAICS Code 423940-25

Tools

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

  • Ribbon cutting machine
  • Ribbon printing machine
  • Ribbon winding machine
  • Ribbon heat sealer
  • Ribbon spool holder
  • Ribbon bow maker
  • Ribbon shredder
  • Ribbon curler
  • Ribbon needle
  • Ribbon threader

Industry Examples of Ribbons (Wholesale)

Common products and services typical of NAICS Code 423940-25, illustrating the main business activities and contributions to the market.

  • Satin ribbons
  • Grosgrain ribbons
  • Organza ribbons
  • Velvet ribbons
  • Sheer ribbons
  • Printed ribbons
  • Striped ribbons
  • Polka dot ribbons
  • Metallic ribbons
  • Wired ribbons

Certifications, Compliance and Licenses for NAICS Code 423940-25 - Ribbons (Wholesale)

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

  • Fair Trade Certified: This certification ensures that the products are ethically sourced and produced, and that the workers involved in the production process are treated fairly. The certification is provided by Fair Trade USA.
  • Forest Stewardship Council (FSC) Certification: This certification ensures that the products are made from responsibly sourced wood and paper products. The certification is provided by the Forest Stewardship Council.
  • Global Organic Textile Standard (GOTS) Certification: This certification ensures that the products are made from organic fibers and that the production process meets environmental and social criteria. The certification is provided by the Global Organic Textile Standard.
  • Sustainable Forestry Initiative (SFI) Certification: This certification ensures that the products are made from responsibly sourced wood and paper products. The certification is provided by the Sustainable Forestry Initiative.
  • United States Department Of Agriculture (USDA) Organic Certification: This certification ensures that the products are made from organic materials and that the production process meets environmental and social criteria. The certification is provided by the United States Department of Agriculture.

History

A concise historical narrative of NAICS Code 423940-25 covering global milestones and recent developments within the United States.

  • The history of the Ribbons (Wholesale) industry dates back to the 16th century when ribbons were used as a decorative item on clothing. The industry grew rapidly in the 18th century when ribbons became a popular fashion accessory. The Industrial Revolution brought about the mass production of ribbons, which led to a significant increase in demand. In the United States, the industry saw a boom in the 1920s when ribbons were used to decorate clothing, hats, and accessories. The industry continued to grow in the 20th century with the introduction of new materials and designs. Today, the industry is a significant contributor to the fashion and gift industries, with ribbons being used for a variety of purposes, including gift wrapping, floral arrangements, and clothing embellishments.

Future Outlook for Ribbons (Wholesale)

The anticipated future trajectory of the NAICS 423940-25 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Ribbons (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for ribbons in various sectors such as packaging, gifting, and decoration. The rise of e-commerce platforms has also contributed to the growth of the industry as more businesses are now selling their products online, which requires packaging and decoration. Additionally, the industry is expected to benefit from the increasing popularity of DIY projects and crafting, which often involve the use of ribbons. However, the industry may face challenges such as rising competition from low-cost imports and fluctuations in raw material prices.

Industry Innovations for NAICS Code 423940-25

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

  • Customized Ribbons: Some companies are now offering customized ribbons that can be personalized with logos, messages, or images. This innovation has been well-received by businesses that want to add a personal touch to their packaging or promotional materials.
  • Eco-Friendly Ribbons: With the increasing focus on sustainability, some companies are now offering ribbons made from eco-friendly materials such as recycled paper or organic cotton. This innovation has been popular among consumers who are looking for environmentally friendly options.
  • Digital Printing: Digital printing technology has enabled companies to print high-quality designs on ribbons, which was not possible with traditional printing methods. This innovation has opened up new possibilities for creative and intricate designs on ribbons.
  • RFID-Enabled Ribbons: Some companies are now offering ribbons with RFID (Radio Frequency Identification) technology embedded in them. This innovation has been useful for inventory management and tracking of products in the supply chain.
  • Smart Ribbons: Smart ribbons are a new innovation that combines RFID technology with sensors and other electronics to create ribbons that can interact with the environment. For example, a smart ribbon could change color in response to temperature changes or light up in the dark. This innovation has potential applications in various sectors such as fashion, entertainment, and advertising.

NAICS Code 423940-25 - Ribbons (Wholesale)

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