NAICS Code 424990-96 - Yarn (Wholesale)
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NAICS Code 424990-96 Description (8-Digit)
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Tools
Tools commonly used in the Yarn (Wholesale) industry for day-to-day tasks and operations.
- Yarn swifts
- Ball winders
- Crochet hooks
- Knitting needles
- Looms
- Yarn bowls
- Stitch markers
- Row counters
- Yarn gauges
- Yarn scissors
- Yarn needles
- Yarn bags
- Yarn organizers
- Yarn spinners
- Yarn scales
- Yarn thermometers
- Yarn tensioners
- Yarn holders
- Yarn cones
Industry Examples of Yarn (Wholesale)
Common products and services typical of NAICS Code 424990-96, illustrating the main business activities and contributions to the market.
- Wool yarn
- Cotton yarn
- Acrylic yarn
- Silk yarn
- Cashmere yarn
- Alpaca yarn
- Mohair yarn
- Linen yarn
- Bamboo yarn
- Hemp yarn
- Nylon yarn
- Polyester yarn
- Metallic yarn
- Variegated yarn
- Self-striping yarn
- Hand-dyed yarn
- Gradient yarn
- Speckled yarn
- Tweed yarn
Certifications, Compliance and Licenses for NAICS Code 424990-96 - Yarn (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 yarn is free from harmful substances and is 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 yarn is made from organic fibers and meets environmental and social criteria. It is provided by the Global Organic Textile Standard International Working Group.
- Better Cotton Initiative (BCI): This certification ensures that the yarn is made from sustainable cotton and meets environmental and social criteria. It is provided by the Better Cotton Initiative.
- Forest Stewardship Council (FSC) Certification: This certification ensures that the yarn is made from responsibly sourced wood and meets environmental and social criteria. It is provided by the Forest Stewardship Council.
- Responsible Wool Standard (RWS): This certification ensures that the yarn is made from wool that comes from farms with a progressive approach to managing their land, and from sheep that have been treated responsibly. It is provided by the Textile Exchange.
History
A concise historical narrative of NAICS Code 424990-96 covering global milestones and recent developments within the United States.
- The history of the Yarn (Wholesale) industry dates back to ancient times when yarn was spun by hand using a spindle. The Industrial Revolution brought about the mechanization of yarn production, and the industry grew rapidly. In the United States, the industry saw significant growth during the 19th century, with the establishment of large textile mills in the Northeast. The industry continued to evolve with the introduction of synthetic fibers in the mid-20th century, which led to the development of new yarn types and production methods. Today, the industry is characterized by a wide range of yarn types, including natural and synthetic fibers, and a variety of production methods, including hand spinning, machine spinning, and knitting.
Future Outlook for Yarn (Wholesale)
The anticipated future trajectory of the NAICS 424990-96 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 Yarn (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for yarn in various applications such as textiles, clothing, and home decor. The growing popularity of DIY and crafting activities is also expected to drive the demand for yarn. Additionally, the industry is expected to benefit from the increasing adoption of e-commerce platforms, which will make it easier for wholesalers to reach a wider customer base. However, the industry may face challenges such as rising competition from low-cost imports and fluctuations in raw material prices.
Industry Innovations for NAICS Code 424990-96
Recent groundbreaking advancements and milestones in the Yarn (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Sustainable Yarns: Many yarn manufacturers are now focusing on producing sustainable yarns that are made from eco-friendly materials such as organic cotton, bamboo, and recycled fibers. These yarns are gaining popularity among environmentally conscious consumers and are expected to drive the growth of the industry.
- Smart Yarns: Smart yarns are yarns that are embedded with electronic components such as sensors and LEDs. These yarns have various applications in the fields of fashion, sports, and healthcare. For example, smart yarns can be used to create clothing that can monitor the wearer's vital signs and transmit the data to a smartphone app.
- Online Marketplaces: The rise of online marketplaces such as Etsy and Amazon Handmade has made it easier for small-scale yarn producers to reach a wider customer base. These platforms provide a convenient way for wholesalers to sell their products and connect with customers from all over the world.
- Customizable Yarns: Many yarn manufacturers are now offering customizable yarns that allow customers to choose the color, texture, and thickness of the yarn. This trend is gaining popularity among DIY enthusiasts and is expected to drive the growth of the industry.
- Yarn Subscriptions: Yarn subscriptions are a new trend in the industry that allows customers to receive a monthly supply of yarn. These subscriptions provide a convenient way for customers to try out new yarns and colors and are expected to drive the growth of the industry.
NAICS Code 424990-96 - Yarn (Wholesale)
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