NAICS Code 424130-37 - Bags-Paper Plastic & Fabric Suppliers (Wholesale)
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NAICS Code 424130-37 Description (8-Digit)
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Tools
Tools commonly used in the Bags-Paper Plastic & Fabric Suppliers (Wholesale) industry for day-to-day tasks and operations.
- Bag sealing machines
- Bag cutting machines
- Bag folding machines
- Bag printing machines
- Bag handle making machines
- Bag punching machines
- Bag stitching machines
- Bag embossing machines
- Bag laminating machines
- Bag gluing machines
Industry Examples of Bags-Paper Plastic & Fabric Suppliers (Wholesale)
Common products and services typical of NAICS Code 424130-37, illustrating the main business activities and contributions to the market.
- Paper shopping bags
- Plastic grocery bags
- Fabric tote bags
- Paper lunch bags
- Plastic merchandise bags
- Fabric drawstring bags
- Paper gift bags
- Plastic trash bags
- Fabric laundry bags
- Paper wine bags
Certifications, Compliance and Licenses for NAICS Code 424130-37 - Bags-Paper Plastic & Fabric Suppliers (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 and wood products 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 and wood products are sourced from responsible and sustainable forestry practices. The certification is provided by the Sustainable Forestry Initiative.
- ISO 9001 Certification: The ISO 9001 certification ensures that the company has a quality management system in place to consistently provide products and services that meet customer and regulatory requirements. The certification is provided by the International Organization for Standardization.
- ISO 14001 Certification: The ISO 14001 certification ensures that the company has an environmental management system in place to minimize the environmental impact of its operations. The certification is provided by the International Organization for Standardization.
- OSHA Hazard Communication Standard (HCS) Compliance: The HCS requires that companies provide information about hazardous chemicals used in the workplace to employees and customers. Compliance is regulated by the Occupational Safety and Health Administration.
History
A concise historical narrative of NAICS Code 424130-37 covering global milestones and recent developments within the United States.
- The Bags-Paper Plastic & Fabric Suppliers (Wholesale) industry has a long history dating back to the early 1900s when paper bags were first introduced as an alternative to cloth bags. The industry has since evolved to include plastic and fabric bags as well. In the 1950s, the first plastic bags were introduced, and by the 1970s, they had become the most popular type of bag. In the 1990s, reusable bags made from fabric gained popularity, and the industry has since seen a shift towards more sustainable and eco-friendly options. In recent years, the industry has also seen advancements in technology, such as the development of biodegradable plastics and the use of recycled materials in bag production. In the United States, the Bags-Paper Plastic & Fabric Suppliers (Wholesale) industry has seen significant growth in recent years. According to a report by Research and Markets, the industry is expected to reach $22.6 billion by 2025, growing at a CAGR of 4.5% from 2020 to 2025. This growth can be attributed to the increasing demand for eco-friendly and sustainable bags, as well as the rise of e-commerce and online shopping, which has led to an increase in demand for shipping and packaging materials. Additionally, the COVID-19 pandemic has led to an increase in demand for disposable bags and packaging materials, further driving the growth of the industry.
Future Outlook for Bags-Paper Plastic & Fabric Suppliers (Wholesale)
The anticipated future trajectory of the NAICS 424130-37 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 future outlook for the Bags-Paper Plastic & Fabric Suppliers (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for eco-friendly and sustainable packaging solutions. The industry is also expected to benefit from the growth of e-commerce and the need for efficient and cost-effective packaging solutions. Additionally, the industry is expected to benefit from the increasing demand for customized packaging solutions. However, the industry may face challenges due to the increasing competition and the need to keep up with the changing consumer preferences and trends.
Industry Innovations for NAICS Code 424130-37
Recent groundbreaking advancements and milestones in the Bags-Paper Plastic & Fabric Suppliers (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Biodegradable and Compostable Packaging Solutions: Many companies in the Bags-Paper Plastic & Fabric Suppliers (Wholesale) industry are developing and offering biodegradable and compostable packaging solutions to meet the increasing demand for eco-friendly and sustainable packaging options.
- Customized Packaging Solutions: The industry is offering customized packaging solutions to meet the specific needs and requirements of different businesses and industries.
- Smart Packaging Solutions: The industry is developing and offering smart packaging solutions that can monitor and track the condition and quality of the products during transportation and storage.
- Innovative Materials: The industry is exploring and using innovative materials such as plant-based materials, recycled materials, and bioplastics to develop new and sustainable packaging solutions.
- Automation and Digitalization: The industry is adopting automation and digitalization to improve the efficiency and accuracy of the packaging processes and to reduce the costs and waste.
NAICS Code 424130-37 - Bags-Paper Plastic & Fabric Suppliers (Wholesale)
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