NAICS Code 424120-16 - Labels-Plastic Metal Foil & Etc (Wholesale)
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NAICS Code 424120-16 Description (8-Digit)
Hierarchy Navigation for NAICS Code 424120-16
Parent Code (less specific)
Tools
Tools commonly used in the Labels-Plastic Metal Foil & Etc (Wholesale) industry for day-to-day tasks and operations.
- Label printers
- Label applicators
- Label dispensers
- Label cutters
- Label rewinders
- Label inspection systems
- Label finishing equipment
- Label design software
- Label stock inventory management software
- Label finishing tools (e.g. cutting knives, scissors, rulers)
Industry Examples of Labels-Plastic Metal Foil & Etc (Wholesale)
Common products and services typical of NAICS Code 424120-16, illustrating the main business activities and contributions to the market.
- Barcode labels
- Asset tags
- Warning labels
- Product labels
- Shipping labels
- Food packaging labels
- Wine bottle labels
- Cosmetic labels
- Industrial labels
- Security labels
Certifications, Compliance and Licenses for NAICS Code 424120-16 - Labels-Plastic Metal Foil & Etc (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- ISO 9001: This certification ensures that the company has a quality management system in place that meets international standards. It is provided by the International Organization for Standardization (ISO).
- UL Certification: This certification ensures that the products meet safety standards set by Underwriters Laboratories (UL).
- Rohs Compliance: This regulation restricts the use of certain hazardous materials in electrical and electronic products. It is required for products sold in the European Union but is also relevant for US companies that export to the EU.
- REACH Compliance: This regulation restricts the use of certain hazardous chemicals in products sold in the European Union. It is relevant for US companies that export to the EU.
- Prop 65 Compliance: This regulation requires businesses to provide warnings to Californians about significant exposures to chemicals that cause cancer, birth defects, or other reproductive harm. It is enforced by the California Office of Environmental Health Hazard Assessment (OEHHA).
History
A concise historical narrative of NAICS Code 424120-16 covering global milestones and recent developments within the United States.
- The "Labels-Plastic Metal Foil & Etc (Wholesale)" industry has a long history dating back to the early 1900s when the first adhesive labels were invented. The industry has since grown to include a wide range of products, including plastic, metal, and foil labels. In recent years, the industry has seen significant advancements in technology, such as the development of digital printing, which has allowed for more complex and customizable labels. In the United States, the industry has been impacted by the growth of e-commerce and the increasing demand for sustainable packaging solutions. For example, many companies are now using biodegradable labels made from plant-based materials. Overall, the "Labels-Plastic Metal Foil & Etc (Wholesale)" industry has a rich history of innovation and adaptation to changing market conditions.
Future Outlook for Labels-Plastic Metal Foil & Etc (Wholesale)
The anticipated future trajectory of the NAICS 424120-16 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The future outlook for the Labels-Plastic Metal Foil & Etc (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for labels in various industries such as food and beverage, pharmaceuticals, and consumer goods. The growth of e-commerce and online retail is also expected to drive the demand for labels as more products are shipped directly to consumers. Additionally, the industry is expected to benefit from the increasing use of RFID technology in supply chain management. However, the industry may face challenges such as increasing competition and the rising cost of raw materials. Overall, the industry is expected to experience steady growth in the coming years.
Industry Innovations for NAICS Code 424120-16
Recent groundbreaking advancements and milestones in the Labels-Plastic Metal Foil & Etc (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Smart Labels: Smart labels are labels that contain RFID technology and can be used to track products throughout the supply chain. They can provide real-time information about the location and condition of products, which can help to improve supply chain efficiency and reduce waste.
- Sustainable Labels: Sustainable labels are labels that are made from eco-friendly materials such as recycled paper or biodegradable plastics. They are becoming increasingly popular as consumers become more environmentally conscious.
- Anti-Counterfeit Labels: Anti-counterfeit labels are labels that contain security features such as holograms or watermarks to prevent counterfeiting. They are becoming more important as the global market for counterfeit goods continues to grow.
- Digital Printing: Digital printing technology allows labels to be printed on demand, which can help to reduce waste and improve efficiency. It also allows for greater customization and flexibility in label design.
- Tamper-Evident Labels: Tamper-evident labels are labels that contain security features such as perforations or adhesives that break when the label is removed. They are used to prevent tampering and ensure the integrity of products.
NAICS Code 424120-16 - Labels-Plastic Metal Foil & Etc (Wholesale)
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