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

• Live bait tanks
• Aerators
• Fishing nets
• Fish feeders
• Fish traps
• Fish holding bags
• Bait buckets
• Fishing rod holders
• Fish cleaning tables
• Fish scales

Common products and services typical of NAICS Code 424990-40, illustrating the main business activities and contributions to the market.

• Live worms
• Minnows
• Crickets
• Shrimp
• Squid
• Artificial lures
• Fishing hooks
• Fishing line
• Fishing sinkers
• Fishing bobbers

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

• Hazard Analysis and Critical Control Points (HACCP): HACCP is a food safety management system that is required for businesses that handle food products. It is particularly important for the fishing bait industry as it ensures that the products are safe for consumption. The certification is provided by the International HACCP Alliance.
• Good Manufacturing Practices (GMP): GMP is a set of guidelines that ensure that products are consistently produced and controlled according to quality standards. It is important for the fishing bait industry as it ensures that the products are of high quality. The certification is provided by the International Society for Pharmaceutical Engineering.
• Hazardous Materials Transportation Training: This certification is required for businesses that transport hazardous materials. It is important for the fishing bait industry as some of the products may be considered hazardous. The certification is provided by the US Department of Transportation.
• Occupational Safety and Health Administration (OSHA) Training: OSHA training is required for businesses to ensure that they are compliant with safety regulations. It is important for the fishing bait industry as it ensures that the workplace is safe for employees. The certification is provided by OSHA.
• National Marine Fisheries Service (NMFS) Permit: This permit is required for businesses that engage in the import, export, or interstate commerce of fishery products. It is important for the fishing bait industry as it ensures that the products are legally obtained. The permit is provided by the NMFS.

A concise historical narrative of NAICS Code 424990-40 covering global milestones and recent developments within the United States.

• The fishing bait industry has been around for centuries, with early examples of bait being used in ancient Egypt and Greece. In the United States, the industry began to take shape in the late 1800s with the development of artificial lures and the commercialization of baitfish. In the early 1900s, the industry saw significant growth with the introduction of new technologies such as the first plastic worm and the first electric fishing reel. In recent years, the industry has continued to evolve with the development of new types of bait and lures, as well as the increasing popularity of catch-and-release fishing.

The anticipated future trajectory of the NAICS 424990-40 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The fishing bait wholesale industry in the USA is expected to experience steady growth in the coming years. The increasing popularity of recreational fishing and the growing demand for organic and natural bait are expected to drive the industry's growth. Additionally, the rise of e-commerce platforms and the increasing number of fishing enthusiasts are expected to boost the industry's revenue. However, the industry may face challenges such as the increasing competition from substitute products and the impact of climate change on fish populations. Overall, the industry is expected to maintain a positive growth trajectory in the foreseeable future.

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

• Biodegradable Fishing Bait: Manufacturers are developing biodegradable fishing bait made from natural materials such as cornstarch and soybeans. This innovation addresses the environmental concerns associated with traditional fishing bait and is expected to gain popularity among environmentally conscious anglers.
• Smart Fishing Bait: Companies are developing smart fishing bait that can track fish movements and provide real-time data to anglers. This innovation is expected to revolutionize the fishing industry by making it easier for anglers to catch fish.
• Artificial Intelligence-Powered Fishing Bait: Manufacturers are using artificial intelligence to develop fishing bait that can mimic the behavior of live bait. This innovation is expected to improve the efficiency of fishing and reduce the need for live bait.
• Sustainable Fishing Bait: Companies are developing sustainable fishing bait made from recycled materials such as plastic bottles and fishing nets. This innovation addresses the issue of plastic waste in the oceans and is expected to gain popularity among environmentally conscious anglers.
• Online Sales Platforms: The rise of e-commerce platforms has made it easier for fishing bait wholesalers to reach a wider audience. Online sales platforms such as Amazon and eBay have enabled wholesalers to sell their products to customers across the country, boosting the industry's revenue.