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NAICS Code 424310-23 Description (8-Digit)

Notions (Wholesale) is a subdivision of the Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers industry. This industry involves the wholesale distribution of various small articles used in sewing, knitting, and other crafts. Notions (Wholesale) companies typically sell a wide range of products, including buttons, ribbons, zippers, lace, thread, and other sewing supplies. These products are sold to retailers, manufacturers, and other businesses that require these items for their operations.

Hierarchy Navigation for NAICS Code 424310-23

Tools

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

  • Sewing needles
  • Scissors
  • Measuring tape
  • Seam ripper
  • Pin cushion
  • Thimble
  • Rotary cutter
  • Cutting mat
  • Iron
  • Sewing machine

Industry Examples of Notions (Wholesale)

Common products and services typical of NAICS Code 424310-23, illustrating the main business activities and contributions to the market.

  • Sewing supplies
  • Knitting accessories
  • Quilting materials
  • Embroidery supplies
  • Beading supplies
  • Crochet supplies
  • Sewing patterns
  • Fabric trims
  • Elastic bands
  • Iron-on patches

Certifications, Compliance and Licenses for NAICS Code 424310-23 - Notions (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 strict environmental and social criteria. It is provided by the Global Organic Textile Standard International Working Group.
  • Fair Trade Certified: This certification ensures that the products used in the industry are produced in a socially and environmentally responsible manner and that the workers involved in the production are paid fair wages. It is provided by Fair Trade USA.
  • Forest Stewardship Council (FSC) Certification: This certification ensures that the wood and paper 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 and paper products used in the industry are sourced from responsibly managed forests. It is provided by the Sustainable Forestry Initiative.

History

A concise historical narrative of NAICS Code 424310-23 covering global milestones and recent developments within the United States.

  • The "Notions (Wholesale)" industry has a long history dating back to the 19th century when the industrial revolution brought about the mass production of textiles and clothing. The industry started with the wholesale of basic sewing supplies such as needles, thread, and buttons. As the textile industry grew, so did the "Notions (Wholesale)" industry, which expanded to include a wide range of products such as zippers, ribbons, lace, and elastic. In recent history, the industry has seen notable advancements in technology, such as the development of computerized sewing machines and the use of 3D printing to create custom buttons and other accessories. In the United States, the industry has also seen a shift towards sustainable and eco-friendly products, with many wholesalers offering organic and recycled materials.

Future Outlook for Notions (Wholesale)

The anticipated future trajectory of the NAICS 424310-23 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 "Notions (Wholesale)" industry in the USA is positive. The industry is expected to grow due to the increasing demand for sewing and craft supplies. The rise of DIY culture and the popularity of online marketplaces for handmade goods are also expected to contribute to the growth of the industry. Additionally, the industry is expected to benefit from the increasing number of small businesses and independent retailers that are looking for unique and high-quality products to offer their customers. However, the industry may face challenges due to the increasing competition from online retailers and the rising costs of raw materials and transportation.

Industry Innovations for NAICS Code 424310-23

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

  • Smart Fabrics: The development of smart fabrics that can monitor health, track movement, and adjust to temperature changes is a recent innovation in the "Notions (Wholesale)" industry. These fabrics are expected to have a wide range of applications in the healthcare, sports, and fashion industries.
  • Sustainable Materials: The use of sustainable materials such as organic cotton, bamboo, and recycled polyester is becoming increasingly popular in the "Notions (Wholesale)" industry. These materials are eco-friendly and appeal to consumers who are concerned about the environment.
  • 3D Printing: The use of 3D printing technology to create custom buttons, zippers, and other accessories is a recent innovation in the industry. This technology allows for greater customization and faster production times.
  • Online Marketplaces: The rise of online marketplaces such as Etsy and Amazon Handmade has created new opportunities for small businesses and independent retailers in the "Notions (Wholesale)" industry. These platforms allow sellers to reach a wider audience and offer unique and handmade products.
  • Social Media Marketing: The use of social media platforms such as Instagram and Pinterest to promote products and connect with customers is a recent innovation in the industry. These platforms allow businesses to showcase their products and engage with customers in a more personal and authentic way.

NAICS Code 424310-23 - Notions (Wholesale)

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