NAICS Code 424130-16 - Gift Wrapping Materials (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS Code 424130-16 Description (8-Digit)

Gift Wrapping Materials (Wholesale) is a subdivision of the Industrial and Personal Service Paper Merchant Wholesalers industry. This industry involves the wholesale distribution of gift wrapping materials such as wrapping paper, gift bags, ribbons, bows, tissue paper, and other related products. Companies in this industry typically purchase these materials in bulk from manufacturers and distribute them to retailers, gift shops, and other businesses that sell gift wrapping products.

Hierarchy Navigation for NAICS Code 424130-16

Tools

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

  • Wrapping paper cutters
  • Ribbon cutters
  • Bow makers
  • Gift bag sealers
  • Tissue paper cutters
  • Tape dispensers
  • Scissors
  • Gift wrapping paper roll holders
  • Gift wrapping paper storage racks
  • Ribbon spool holders

Industry Examples of Gift Wrapping Materials (Wholesale)

Common products and services typical of NAICS Code 424130-16, illustrating the main business activities and contributions to the market.

  • Wrapping paper rolls
  • Gift bags
  • Ribbons
  • Bows
  • Tissue paper
  • Gift wrapping sets
  • Gift wrapping kits
  • Wrapping paper sheets
  • Gift wrapping paper rolls with patterns
  • Gift wrapping paper rolls with solid colors

Certifications, Compliance and Licenses for NAICS Code 424130-16 - Gift Wrapping Materials (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 paper products used in the industry are sourced from responsibly managed forests. The certification is provided by the Forest Stewardship Council.
  • Sustainable Forestry Initiative (SFI) Certification: The SFI certification ensures that the paper products used in the industry are sourced from responsible and sustainable forestry practices. The certification is provided by the Sustainable Forestry Initiative.
  • Occupational Safety and Health Administration (OSHA) Certification: The OSHA certification ensures that the industry complies with the safety and health regulations set by the Occupational Safety and Health Administration. The certification is provided by the Occupational Safety and Health Administration.
  • Environmental Protection Agency (EPA) Certification: The EPA certification ensures that the industry complies with the environmental regulations set by the Environmental Protection Agency. The certification is provided by the Environmental Protection Agency.
  • International Organization for Standardization (ISO) 9001 Certification: The ISO 9001 certification ensures that the industry has a quality management system in place that meets international standards. The certification is provided by the International Organization for Standardization.

History

A concise historical narrative of NAICS Code 424130-16 covering global milestones and recent developments within the United States.

  • The gift wrapping industry has been around for centuries, with the first recorded use of wrapping paper dating back to ancient China in the 2nd century BC. However, it wasn't until the 20th century that gift wrapping became a widespread practice in the Western world. In the United States, gift wrapping became popular in the early 1900s, with the first gift wrap company, Hall Brothers (later renamed Hallmark), being founded in 1913. The industry continued to grow throughout the 20th century, with advancements in printing technology allowing for more intricate and colorful designs. In recent years, there has been a trend towards more sustainable and eco-friendly gift wrapping options, such as using recycled paper or reusable fabric wraps.

Future Outlook for Gift Wrapping Materials (Wholesale)

The anticipated future trajectory of the NAICS 424130-16 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 "Gift Wrapping Materials (Wholesale)" industry in the USA is positive. The industry is expected to grow due to the increasing demand for gift wrapping materials from various end-users such as individuals, businesses, and retailers. The rise in e-commerce and online shopping is also expected to boost the industry's growth as more people are buying gifts online and require gift wrapping services. Additionally, the industry is expected to benefit from the growing trend of personalized and customized gift wrapping services. However, the industry may face challenges such as increasing competition from substitutes and the rising cost of raw materials. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 424130-16

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

  • Eco-Friendly Gift Wrapping Materials: With the growing concern for the environment, many companies are now offering eco-friendly gift wrapping materials such as recycled paper, biodegradable wrapping paper, and reusable gift bags.
  • Personalized Gift Wrapping Services: Many companies are now offering personalized gift wrapping services where customers can choose the wrapping paper, ribbons, and other accessories to create a unique and customized gift wrapping experience.
  • Digital Gift Wrapping Services: Some companies are now offering digital gift wrapping services where customers can choose a digital gift wrap design and send it to the recipient via email or social media.
  • Innovative Gift Wrapping Designs: Many companies are now offering innovative gift wrapping designs such as 3D wrapping paper, pop-up gift boxes, and gift wrapping kits that include all the necessary materials to create a unique gift wrapping experience.
  • Contactless Gift Wrapping Services: With the COVID-19 pandemic, many companies are now offering contactless gift wrapping services where customers can drop off their gifts and have them wrapped and delivered without any physical contact.

NAICS Code 424130-16 - Gift Wrapping Materials (Wholesale)

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