NAICS Code 424610-08 - Plastics-Raw Mtrls-Powders Liquid (Wholesale)

Marketing Level - NAICS 8-Digit

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Total Companies

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NAICS Code 424610-08 Description (8-Digit)

The Plastics-Raw Mtrls-Powders Liquid (Wholesale) industry involves the wholesale distribution of raw plastic materials in the form of powders and liquids. These materials are used in the manufacturing of a wide range of plastic products, including packaging materials, automotive parts, toys, and household items. Companies in this industry typically purchase large quantities of raw plastic materials from manufacturers and then sell them to other businesses that use these materials in their production processes.

Hierarchy Navigation for NAICS Code 424610-08

Tools

Tools commonly used in the Plastics-Raw Mtrls-Powders Liquid (Wholesale) industry for day-to-day tasks and operations.

  • Extruders
  • Injection molding machines
  • Blenders
  • Grinders
  • Mixers
  • Conveyors
  • Dryers
  • Granulators
  • Pelletizers
  • Scales

Industry Examples of Plastics-Raw Mtrls-Powders Liquid (Wholesale)

Common products and services typical of NAICS Code 424610-08, illustrating the main business activities and contributions to the market.

  • Plastic packaging materials
  • Automotive plastic parts
  • Plastic toys
  • Plastic household items
  • Plastic pipes
  • Plastic containers
  • Plastic film
  • Plastic bottles
  • Plastic bags
  • Plastic sheeting

Certifications, Compliance and Licenses for NAICS Code 424610-08 - Plastics-Raw Mtrls-Powders Liquid (Wholesale)

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

  • ISO 9001: This certification ensures that the company has a quality management system in place that meets international standards. It is provided by the International Organization for Standardization (ISO).
  • OSHA Hazard Communication Standard: This standard requires that employers provide information to their employees about the hazardous chemicals they work with. It is provided by the Occupational Safety and Health Administration (OSHA).
  • EPA Resource Conservation and Recovery Act (RCRA): This act regulates the management of hazardous waste from its generation to its disposal. It is provided by the Environmental Protection Agency (EPA).
  • FDA Food Contact Notification: This notification is required for any substance that is intended to be used in contact with food. It is provided by the Food and Drug Administration (FDA).
  • NSF International Certification: This certification ensures that the products meet specific standards for safety and quality. It is provided by NSF International.

History

A concise historical narrative of NAICS Code 424610-08 covering global milestones and recent developments within the United States.

  • The "Plastics-Raw Mtrls-Powders Liquid (Wholesale)" industry has a long history dating back to the early 20th century when the first synthetic plastic, Bakelite, was invented. The industry grew rapidly during World War II when plastic was used extensively in the war effort. In the post-war period, the industry continued to grow as plastic became more widely used in consumer goods. In recent years, the industry has faced challenges due to concerns about the environmental impact of plastic waste. However, the industry has responded by developing new materials and technologies to reduce waste and increase sustainability. In the United States, the "Plastics-Raw Mtrls-Powders Liquid (Wholesale)" industry has a more recent history, with significant growth occurring in the 1960s and 1970s. During this period, plastic became increasingly popular in a wide range of consumer goods, from toys to household appliances. In the 21st century, the industry has faced challenges from increased competition from overseas manufacturers and concerns about the environmental impact of plastic waste. However, the industry has responded by developing new materials and technologies to reduce waste and increase sustainability.

Future Outlook for Plastics-Raw Mtrls-Powders Liquid (Wholesale)

The anticipated future trajectory of the NAICS 424610-08 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 Plastics-Raw Mtrls-Powders Liquid (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for plastic products in various sectors such as automotive, construction, and packaging. The industry is also expected to benefit from the growing trend of using recycled plastics, which is expected to increase the demand for raw materials. However, the industry may face challenges due to the increasing environmental concerns related to plastic waste. The industry is expected to adapt to these challenges by investing in sustainable practices and developing new technologies to reduce plastic waste. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 424610-08

Recent groundbreaking advancements and milestones in the Plastics-Raw Mtrls-Powders Liquid (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Biodegradable Plastics: The industry has seen a recent innovation in the development of biodegradable plastics, which are expected to reduce the environmental impact of plastic waste.
  • 3D Printing: The use of 3D printing technology in the industry has increased, allowing for the production of complex plastic parts and reducing the need for traditional manufacturing processes.
  • Smart Plastics: The development of smart plastics, which can change their properties in response to external stimuli, has opened up new possibilities for the use of plastics in various industries.
  • Recycled Plastics: The industry has seen a growing trend towards the use of recycled plastics, which is expected to increase the demand for raw materials and reduce the environmental impact of plastic waste.
  • Lightweight Plastics: The development of lightweight plastics has led to their increased use in the automotive and aerospace industries, where weight reduction is a key factor in improving fuel efficiency and reducing emissions.

NAICS Code 424610-08 - Plastics-Raw Mtrls-Powders Liquid (Wholesale)

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