NAICS Code 424130-12 - Decoration Supplies (Wholesale)
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NAICS Code 424130-12 Description (8-Digit)
Hierarchy Navigation for NAICS Code 424130-12
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Tools
Tools commonly used in the Decoration Supplies (Wholesale) industry for day-to-day tasks and operations.
- Balloon inflators
- Ribbon cutters
- Confetti cannons
- Glue guns
- Scissors
- Tape dispensers
- Staple guns
- Heat guns
- Cutting mats
- Craft knives
- Hot wire cutters
- Hole punches
- Sewing machines
- Paint brushes
- Spray paint guns
- Stencils
- Glitter applicators
- Foam brushes
- Pliers
- Wire cutters
Industry Examples of Decoration Supplies (Wholesale)
Common products and services typical of NAICS Code 424130-12, illustrating the main business activities and contributions to the market.
- Party supplies
- Balloons and balloon accessories
- Wedding decorations
- Seasonal decorations
- Event decorations
- Craft supplies
- Floral arrangements
- Gift wrapping supplies
- Home decor items
- Stationery and paper goods
Certifications, Compliance and Licenses for NAICS Code 424130-12 - Decoration Supplies (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 wood and paper products come from responsibly managed forests that provide environmental, social, and economic benefits. The certification is provided by the Forest Stewardship Council.
- Sustainable Forestry Initiative (SFI) Certification: The SFI certification ensures that the wood and paper products come from responsible and sustainable forest management practices. The certification is provided by the Sustainable Forestry Initiative.
- Rainforest Alliance Certification: The Rainforest Alliance certification ensures that the wood and paper products come from responsibly managed forests that provide environmental, social, and economic benefits. The certification is provided by the Rainforest Alliance.
- Forest Products Stewardship Council (FPSC) Certification: The FPSC certification ensures that the wood and paper products come from responsibly managed forests that provide environmental, social, and economic benefits. The certification is provided by the Forest Products Stewardship Council.
- Sustainable Packaging Coalition (SPC) Certification: The SPC certification ensures that the packaging materials are designed for sustainability and environmental responsibility. The certification is provided by the Sustainable Packaging Coalition.
History
A concise historical narrative of NAICS Code 424130-12 covering global milestones and recent developments within the United States.
- The Decoration Supplies (Wholesale) industry has a long history dating back to ancient times when people used natural materials such as leaves, flowers, and animal skins to decorate their homes and bodies. In the Middle Ages, tapestries, rugs, and wall hangings became popular, and the first wallpaper was introduced in the 16th century. The industrial revolution brought mass production of decorative items, and the industry continued to grow with the introduction of new materials and technologies. In the United States, the industry experienced significant growth in the 20th century, with the rise of department stores and the increasing popularity of home decor. In recent years, the industry has been impacted by the growth of e-commerce and changing consumer preferences, leading to a shift towards sustainable and eco-friendly products.
Future Outlook for Decoration Supplies (Wholesale)
The anticipated future trajectory of the NAICS 424130-12 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 Decoration Supplies (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for decoration supplies from various end-use industries such as hospitality, events, and retail. The rise in disposable income and changing consumer preferences towards home decor is also expected to drive the growth of the industry. Additionally, the increasing trend of DIY home decor projects is expected to boost the demand for decoration supplies. However, the industry may face challenges such as rising raw material costs and increasing competition from online retailers. Overall, the industry is expected to grow steadily in the coming years.
Industry Innovations for NAICS Code 424130-12
Recent groundbreaking advancements and milestones in the Decoration Supplies (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Eco-Friendly Decoration Supplies: With the increasing focus on sustainability, many companies in the Decoration Supplies (Wholesale) industry are introducing eco-friendly decoration supplies such as biodegradable balloons, recycled paper decorations, and reusable party supplies.
- Customized Decoration Supplies: Many companies are offering customized decoration supplies such as personalized banners, balloons, and party favors to cater to the growing demand for unique and personalized party decorations.
- Smart Decoration Supplies: With the increasing adoption of smart home technology, many companies are introducing smart decoration supplies such as LED lights that can be controlled through a smartphone app.
- Virtual Event Decoration Services: With the rise of virtual events due to the COVID-19 pandemic, many companies are offering virtual event decoration services that allow customers to decorate their virtual event space with customized decorations.
- Contactless Delivery: Many companies in the Decoration Supplies (Wholesale) industry are offering contactless delivery options to ensure the safety of their customers during the COVID-19 pandemic.
NAICS Code 424130-12 - Decoration Supplies (Wholesale)
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