NAICS Code 424310-16 - Labels-Fabric (Wholesale)
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NAICS Code 424310-16 Description (8-Digit)
Hierarchy Navigation for NAICS Code 424310-16
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Tools
Tools commonly used in the Labels-Fabric (Wholesale) industry for day-to-day tasks and operations.
- Label printing machines
- Fabric cutting machines
- Heat transfer machines
- Label design software
- Barcode scanners
- Sewing machines
- Embroidery machines
- Digital printers
- Label applicators
- Label dispensers
Industry Examples of Labels-Fabric (Wholesale)
Common products and services typical of NAICS Code 424310-16, illustrating the main business activities and contributions to the market.
- Clothing labels
- Textile labels
- Garment labels
- Fabric tags
- Woven labels
- Printed labels
- Care labels
- Brand labels
- Size labels
- Hang tags
Certifications, Compliance and Licenses for NAICS Code 424310-16 - Labels-Fabric (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Global Organic Textile Standard (GOTS): GOTS is a certification that ensures the organic status of textiles from harvesting of the raw materials through environmentally and socially responsible manufacturing up to labeling. The certification is provided by the Global Organic Textile Standard International Working Group and can be obtained by textile manufacturers, brands, and retailers.
- OEKO-TEX Standard 100: OEKO-TEX Standard 100 is a certification that ensures that every component of a textile product has been tested for harmful substances and that the product is therefore harmless for human health. The certification is provided by the International Association for Research and Testing in the Field of Textile Ecology and can be obtained by textile manufacturers, brands, and retailers.
- Forest Stewardship Council (FSC) Certification: FSC certification ensures that the wood used in the production of paper and packaging materials comes from responsibly managed forests that provide environmental, social, and economic benefits. The certification is provided by the Forest Stewardship Council and can be obtained by paper and packaging manufacturers, brands, and retailers.
- Sustainable Forestry Initiative (SFI) Certification: SFI certification ensures that the wood used in the production of paper and packaging materials comes from responsible and sustainable forestry practices that protect water quality, biodiversity, wildlife habitat, and species at risk. The certification is provided by the Sustainable Forestry Initiative and can be obtained by paper and packaging manufacturers, brands, and retailers.
- Fair Trade Certified: Fair Trade certification ensures that the products are made in safe and healthy working conditions, that the workers receive fair wages, and that the production is environmentally responsible. The certification is provided by Fair Trade USA and can be obtained by textile manufacturers, brands, and retailers.
History
A concise historical narrative of NAICS Code 424310-16 covering global milestones and recent developments within the United States.
- The "Labels-Fabric (Wholesale)" industry has a long history dating back to the early 1900s when the use of labels became popular in the textile industry. The industry has since grown to become an essential part of the textile industry, providing labels for various textile products. In recent years, the industry has seen notable advancements in technology, with the introduction of digital printing and RFID technology. In the United States, the industry has experienced significant growth due to the increasing demand for textile products and the need for efficient labeling systems. Notable advancements in the industry include the development of eco-friendly labels and the use of smart labels that can track products throughout the supply chain.
Future Outlook for Labels-Fabric (Wholesale)
The anticipated future trajectory of the NAICS 424310-16 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 Labels-Fabric (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for eco-friendly and sustainable labels. The growing trend of online shopping is also expected to boost the industry as more businesses are shifting towards e-commerce. The industry is also expected to benefit from the increasing demand for customized labels and the growing popularity of private label brands. However, the industry may face challenges due to the increasing competition from low-cost imports and the rising prices of raw materials. Overall, the industry is expected to grow steadily in the coming years.
Industry Innovations for NAICS Code 424310-16
Recent groundbreaking advancements and milestones in the Labels-Fabric (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Smart Labels: Smart labels are a recent innovation in the Labels-Fabric (Wholesale) industry. These labels are equipped with sensors that can detect and transmit information about the product to the consumer. They can be used for a variety of purposes such as tracking inventory, monitoring the temperature of perishable goods, and providing consumers with information about the product.
- Sustainable Labels: Sustainable labels are becoming increasingly popular in the Labels-Fabric (Wholesale) industry. These labels are made from eco-friendly materials such as recycled paper, bamboo, and cotton. They are biodegradable and do not harm the environment. Many businesses are shifting towards sustainable labels to reduce their carbon footprint and appeal to environmentally conscious consumers.
- Customized Labels: Customized labels are in high demand in the Labels-Fabric (Wholesale) industry. Many businesses are looking for unique and personalized labels that reflect their brand identity. The industry is responding to this demand by offering a wide range of customization options such as different shapes, sizes, colors, and materials.
- Private Label Brands: Private label brands are gaining popularity in the Labels-Fabric (Wholesale) industry. Many businesses are opting for private label brands as they offer higher profit margins and greater control over the product. Private label brands also allow businesses to differentiate themselves from their competitors and build customer loyalty.
- RFID Labels: RFID (Radio Frequency Identification) labels are another recent innovation in the Labels-Fabric (Wholesale) industry. These labels use radio waves to transmit information about the product to a reader. They can be used for a variety of purposes such as tracking inventory, preventing theft, and improving supply chain management.
NAICS Code 424310-16 - Labels-Fabric (Wholesale)
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