NAICS Code 424130-20 - Packaging Materials (Wholesale)
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NAICS Code 424130-20 Description (8-Digit)
Hierarchy Navigation for NAICS Code 424130-20
Parent Code (less specific)
Tools
Tools commonly used in the Packaging Materials (Wholesale) industry for day-to-day tasks and operations.
- Box cutters
- Tape dispensers
- Strapping machines
- Stretch wrap machines
- Label printers
- Heat sealers
- Pallet jacks
- Shrink wrap machines
- Bubble wrap dispensers
- Foam cutters
Industry Examples of Packaging Materials (Wholesale)
Common products and services typical of NAICS Code 424130-20, illustrating the main business activities and contributions to the market.
- Corrugated boxes
- Bubble wrap
- Packing tape
- Foam peanuts
- Poly bags
- Shipping labels
- Kraft paper
- Stretch wrap
- Packing list envelopes
- Edge protectors
Certifications, Compliance and Licenses for NAICS Code 424130-20 - Packaging Materials (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Sustainable Forestry Initiative (SFI) Certification: This certification ensures that the packaging materials are sourced from responsibly managed forests. The SFI certification is provided by the Sustainable Forestry Initiative organization.
- Forest Stewardship Council (FSC) Certification: This certification ensures that the packaging materials are sourced from responsibly managed forests. The FSC certification is provided by the Forest Stewardship Council organization.
- International Organization for Standardization (ISO) 9001 Certification: This certification ensures that the packaging materials meet quality management standards. The ISO 9001 certification is provided by the International Organization for Standardization.
- International Safe Transit Association (ISTA) Certification: This certification ensures that the packaging materials meet the required standards for safe transportation. The ISTA certification is provided by the International Safe Transit Association.
- Occupational Safety and Health Administration (OSHA) Certification: This certification ensures that the packaging materials meet the required safety standards for workers. The OSHA certification is provided by the Occupational Safety and Health Administration.
History
A concise historical narrative of NAICS Code 424130-20 covering global milestones and recent developments within the United States.
- The packaging industry has been around for centuries, with the earliest forms of packaging being made from natural materials such as leaves and animal skins. The first paperboard carton was invented in the late 19th century, and the first corrugated cardboard box was patented in 1871. The industry continued to evolve with the introduction of new materials such as plastic and metal, and the development of new packaging technologies. In recent years, the industry has been focused on sustainability and reducing waste, with many companies investing in eco-friendly packaging solutions. In the United States, the packaging industry has seen steady growth over the past few decades. The rise of e-commerce has led to an increased demand for packaging materials, and the industry has responded with new innovations such as lightweight materials and custom packaging solutions. The COVID-19 pandemic has also had an impact on the industry, with a surge in demand for packaging materials for essential goods such as food and medical supplies. Overall, the packaging materials (wholesale) industry has been a key player in the growth of the packaging industry as a whole, providing essential materials to businesses across a wide range of sectors.
Future Outlook for Packaging Materials (Wholesale)
The anticipated future trajectory of the NAICS 424130-20 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Growing
The packaging materials (wholesale) industry in the USA is expected to grow in the coming years due to the increasing demand for sustainable packaging solutions. The industry is also expected to benefit from the growth of e-commerce and the need for efficient and secure packaging for online orders. However, the industry may face challenges due to the increasing competition and the rising cost of raw materials. Overall, the industry is expected to experience moderate growth in the near future.
Industry Innovations for NAICS Code 424130-20
Recent groundbreaking advancements and milestones in the Packaging Materials (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Sustainable Packaging Solutions: Many companies in the packaging materials (wholesale) industry are developing and offering sustainable packaging solutions to meet the growing demand for eco-friendly products. These solutions include biodegradable and compostable packaging materials, as well as reusable and recyclable options.
- Smart Packaging: Some companies are developing smart packaging solutions that can provide real-time information about the condition and location of the packaged products. These solutions can help improve supply chain efficiency and reduce waste.
- Customized Packaging: Many companies are offering customized packaging solutions that can be tailored to the specific needs of their customers. These solutions can help improve branding and customer experience.
- Automation: The packaging materials (wholesale) industry is increasingly adopting automation technologies to improve efficiency and reduce costs. This includes the use of robotics and artificial intelligence in packaging processes.
- Digitalization: Some companies are using digital technologies to improve their operations and customer experience. This includes the use of online platforms for ordering and tracking shipments, as well as the use of data analytics to optimize supply chain management.
NAICS Code 424130-20 - Packaging Materials (Wholesale)
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