NAICS Code 424310-02 - Bindings-Bias & Straight (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS Code 424310-02 Description (8-Digit)

Bindings-Bias & Straight (Wholesale) is a subdivision of the Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers industry. This industry involves the wholesale distribution of bindings, both bias and straight, which are used to finish the edges of fabrics and textiles. Bindings can be made from a variety of materials, including cotton, polyester, and nylon, and come in a range of colors and patterns to match the fabric they are being used on. This industry is essential for the production of finished textile products, such as clothing, bedding, and upholstery.

Hierarchy Navigation for NAICS Code 424310-02

Tools

Tools commonly used in the Bindings-Bias & Straight (Wholesale) industry for day-to-day tasks and operations.

  • Bias tape makers
  • Binding clips
  • Rotary cutters
  • Scissors
  • Seam rippers
  • Irons
  • Sewing machines
  • Cutting mats
  • Rulers
  • Pins

Industry Examples of Bindings-Bias & Straight (Wholesale)

Common products and services typical of NAICS Code 424310-02, illustrating the main business activities and contributions to the market.

  • Upholstery manufacturers
  • Clothing manufacturers
  • Bedding manufacturers
  • Quilting supply stores
  • Textile wholesalers
  • Craft stores
  • Sewing supply stores
  • Home decor manufacturers
  • Costume designers
  • Theater production companies

Certifications, Compliance and Licenses for NAICS Code 424310-02 - Bindings-Bias & Straight (Wholesale)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Oeko-Tex Standard 100: This certification ensures that the textiles used in the industry are free from harmful substances and are safe for human use. It is provided by the International Association for Research and Testing in the Field of Textile Ecology (Oeko-Tex).
  • Global Organic Textile Standard (GOTS): This certification ensures that the textiles used in the industry are made from organic fibers and meet environmental and social criteria. It is provided by the Global Organic Textile Standard International Working Group.
  • Forest Stewardship Council (FSC) Certification: This certification ensures that the wood-based products used in the industry are sourced from responsibly managed forests. It is provided by the Forest Stewardship Council.
  • Sustainable Forestry Initiative (SFI) Certification: This certification ensures that the wood-based products used in the industry are sourced from responsible and sustainable forestry practices. It is provided by the Sustainable Forestry Initiative.
  • ISO 9001:2015 Certification: This certification ensures that the industry has a quality management system in place to consistently provide products and services that meet customer and regulatory requirements. It is provided by the International Organization for Standardization.

History

A concise historical narrative of NAICS Code 424310-02 covering global milestones and recent developments within the United States.

  • The "Bindings-Bias & Straight (Wholesale)" industry has a long history dating back to the 19th century when the industrial revolution brought about the mass production of textiles. The industry has since grown to become a vital part of the textile supply chain, providing bindings, bias, and straight materials to manufacturers and retailers. In recent history, the industry has seen notable advancements in technology, such as the development of computerized sewing machines and automated cutting systems, which have increased efficiency and reduced costs. In the United States, the industry has also seen a shift towards sustainable and eco-friendly materials, with many companies adopting environmentally conscious practices in response to consumer demand.

Future Outlook for Bindings-Bias & Straight (Wholesale)

The anticipated future trajectory of the NAICS 424310-02 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 Bindings-Bias & Straight (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for textile products in the country. The rise in disposable income and the growing population are some of the factors that are expected to drive the growth of the industry. Additionally, the increasing popularity of online shopping is expected to boost the industry's growth as it provides a convenient way for customers to purchase products. The industry is also expected to benefit from the increasing focus on sustainability and eco-friendliness, which is driving the demand for organic and recycled textile products. Overall, the Bindings-Bias & Straight (Wholesale) industry is expected to experience steady growth in the coming years.

Industry Innovations for NAICS Code 424310-02

Recent groundbreaking advancements and milestones in the Bindings-Bias & Straight (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Digital Printing: The use of digital printing technology has revolutionized the Bindings-Bias & Straight (Wholesale) industry in the USA. This technology allows for the printing of high-quality designs on a variety of fabrics, which has opened up new possibilities for designers and manufacturers.
  • Sustainable Materials: The industry has seen a growing trend towards the use of sustainable materials such as organic cotton, bamboo, and recycled polyester. This trend is driven by the increasing demand for eco-friendly products and the industry's commitment to reducing its environmental impact.
  • Smart Fabrics: The development of smart fabrics that can monitor vital signs, track movement, and even charge electronic devices has opened up new possibilities for the Bindings-Bias & Straight (Wholesale) industry in the USA. These fabrics are being used in a variety of applications, including sports and fitness, healthcare, and fashion.
  • 3D Printing: The use of 3D printing technology has allowed for the creation of complex and intricate designs that were previously impossible to produce. This technology has opened up new possibilities for the Bindings-Bias & Straight (Wholesale) industry in the USA, allowing for the creation of unique and innovative products.
  • Online Sales: The increasing popularity of online shopping has had a significant impact on the Bindings-Bias & Straight (Wholesale) industry in the USA. Many companies are now selling their products online, which has opened up new markets and increased sales. Additionally, online sales allow for greater convenience and accessibility for customers, which has helped to drive the growth of the industry.

NAICS Code 424310-02 - Bindings-Bias & Straight (Wholesale)

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