NAICS Code 424130-03 - Bags-Plastic (Wholesale)
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NAICS Code 424130-03 Description (8-Digit)
Hierarchy Navigation for NAICS Code 424130-03
Parent Code (less specific)
Tools
Tools commonly used in the Bags-Plastic (Wholesale) industry for day-to-day tasks and operations.
- Bag sealing machines
- Bag cutting machines
- Bag folding machines
- Bag punching machines
- Bag printing machines
- Bag heat sealing machines
- Bag making machines
- Bag handle making machines
- Bag stacking machines
- Bag counting machines
Industry Examples of Bags-Plastic (Wholesale)
Common products and services typical of NAICS Code 424130-03, illustrating the main business activities and contributions to the market.
- Retail stores
- Supermarkets
- Restaurants
- Hospitals
- Hotels
- Schools
- Libraries
- Manufacturing companies
- Warehouses
- Distribution centers
Certifications, Compliance and Licenses for NAICS Code 424130-03 - Bags-Plastic (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- FDA Food Contact Notification: This certification is required for plastic bags that come into contact with food. It ensures that the plastic used is safe for food contact. The FDA provides this certification.
- ASTM D6400: This certification is required for compostable plastic bags. It ensures that the bags meet the standards for compostability. ASTM International provides this certification.
- California Proposition 65: This certification is required for plastic bags sold in California. It ensures that the bags do not contain any harmful chemicals that are known to cause cancer, birth defects, or other reproductive harm. The California Office of Environmental Health Hazard Assessment provides this certification.
- ISO 9001: This certification is a quality management system certification that ensures that the company has a quality management system in place to ensure customer satisfaction. The International Organization for Standardization provides this certification.
- ISO 14001: This certification is an environmental management system certification that ensures that the company has an environmental management system in place to reduce its environmental impact. The International Organization for Standardization provides this certification.
History
A concise historical narrative of NAICS Code 424130-03 covering global milestones and recent developments within the United States.
- The "Bags-Plastic (Wholesale)" industry has a long history dating back to the 1950s when plastic bags were first introduced as a more affordable and durable alternative to paper bags. The industry experienced significant growth in the 1960s and 1970s as plastic bags became more popular due to their convenience and low cost. In the 1980s, the industry faced increased scrutiny due to concerns about the environmental impact of plastic bags. However, the industry continued to grow, and by the 1990s, plastic bags had become the dominant type of bag used in retail stores. In recent years, the industry has faced increased competition from reusable bags and a growing awareness of the environmental impact of plastic bags. In response, many companies in the industry have started to offer more sustainable options, such as biodegradable bags made from plant-based materials. In the United States, the "Bags-Plastic (Wholesale)" industry has a more recent history. The industry experienced significant growth in the 1990s and 2000s as plastic bags became more popular due to their convenience and low cost. However, in the early 2000s, concerns about the environmental impact of plastic bags began to emerge, and many cities and states started to ban or tax single-use plastic bags. In response, many companies in the industry started to offer more sustainable options, such as reusable bags and biodegradable bags made from plant-based materials. Despite these challenges, the industry has continued to grow, and it is expected to remain an important part of the retail industry in the United States for the foreseeable future.
Future Outlook for Bags-Plastic (Wholesale)
The anticipated future trajectory of the NAICS 424130-03 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 Bags-Plastic (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for plastic bags in various sectors such as retail, food, and healthcare. The growing e-commerce industry is also expected to drive the demand for plastic bags as they are widely used for packaging and shipping products. However, the industry is also facing challenges due to the increasing environmental concerns related to plastic waste. The industry is expected to respond to these challenges by developing more sustainable and eco-friendly products. Overall, the industry is expected to grow steadily in the coming years, driven by the increasing demand for plastic bags and the industry's efforts to address environmental concerns.
Industry Innovations for NAICS Code 424130-03
Recent groundbreaking advancements and milestones in the Bags-Plastic (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Biodegradable Plastic Bags: Several companies in the Bags-Plastic (Wholesale) industry have developed biodegradable plastic bags that can decompose naturally without harming the environment. These bags are made from plant-based materials and can be used as an alternative to traditional plastic bags.
- Recyclable Plastic Bags: Some companies have developed plastic bags that can be recycled easily, reducing the amount of plastic waste generated by the industry. These bags are made from high-quality plastic that can be recycled multiple times without losing their properties.
- Anti-Microbial Plastic Bags: With the growing concerns about hygiene and cleanliness, some companies have developed plastic bags that have anti-microbial properties. These bags can prevent the growth of bacteria and other microorganisms, making them ideal for use in the healthcare and food industries.
- Customized Plastic Bags: Many companies in the Bags-Plastic (Wholesale) industry are offering customized plastic bags that can be tailored to the specific needs of their customers. These bags can be printed with logos, slogans, and other branding elements, making them an effective marketing tool.
- Smart Plastic Bags: Some companies are developing plastic bags that can interact with smartphones and other devices, providing customers with real-time information about the products they contain. These bags can also be used to track inventory and monitor the condition of the products during shipping and storage.
NAICS Code 424130-03 - Bags-Plastic (Wholesale)
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